“Tidbits From TNT” Budget Published in Gazette 2-18-2025

TNT:

Tishwash:  Issue No. (4814) of the Iraqi Gazette was published on 2/17/2025.

 2025-02-18 10:28:00

 - Law No. (1) of 2025 “Amending Personal Status Law No. (188) of 1959.”

- Law No. (2) of 2025 “Second Amendment to General Amnesty Law No. (27) of 2016”.

- Law No. (3) of 2025 “Cancelling the decisions of the (dissolved) Revolutionary Command Council and returning the properties to their owners.”

- Law No. (4) of 2025 “First Amendment to the Federal General Budget Law of the Republic of Iraq for the Fiscal Years (2023-2024-2025) No. (13) of 2023.”

- Regulation No. (3) of 2025 “The first amendment to the Civil Airports Wages System No. (6) of 2018 issued by Cabinet Resolution No. (67) of 2025.”

- Instructions No. (1) of 2025 “Implementing the Second Amendment Law to Amnesty Law No. (27) of 2016, effective from the date of voting on it in the Iraqi Council of Representatives on 1/21/2025.”

To download the issue click here

Anyone wishing to purchase issues of the Iraqi Gazette can visit the Iraqi Gazette Department located in Al-Salihiya/Haifa Street (Ministry of Justice building) and obtain the required issue

Resolution No. (1)

Based on what was approved by the House of Representatives based on the provisions of Clause (First) of Article 21

Article 73, paragraph (Third) of the Constitution

The President of the Republic decided on 2/11/2025

Issuing the following law:

No. (1) of 2025  law

First Amendment to the Federal General Budget Law of the Republic of Iraq

For the fiscal years (2023-2025-2025) No. (13) of 2023

Article 10 - The text of Paragraph (c) of Clause (Second) of Article 12 of the Federal General Budget Law of the Republic of Iraq for the fiscal years (2023) 2024-2025 No. 13 shall be cancelled.

Year 2023 and shall be replaced by the following:

A1: The Federal Ministry of Finance shall compensate the Kurdistan Regional Government from the sovereign expenses for the costs of production and transportation of the quantities of oil produced in the region that are received by the State Oil Marketing Company (SOMO) or the Federal Ministry of Oil in accordance with paragraphs (b) of this clause, provided that the calculation is made C

10. The Federal Ministry of Finance shall compensate the Kurdistan Regional Government from sovereign expenses for the costs of production and transportation of the quantities of oil produced in the region that are received by the State Oil Marketing Company (SOMO) or the Federal Ministry of Oil in accordance with paragraphs (a) and (b) of this clause, provided that the fair estimated costs of production and transportation for each field separately are calculated by a specialized international technical consulting body determined by the Federal Ministry of Oil in agreement with the Ministry of Natural Resources in the region, within a period of (60) sixty days from the date of entry into force of this law, and in the event of failure to reach an agreement within the aforementioned period, the Federal Council of Ministers shall determine the aforementioned consulting body.

The technical advisory body referred to in (1) of this paragraph shall submit the estimated cost of production and transportation to the Federal Ministries of Finance and Oil.

2/17/2025

(65)  laws

Iraqi Facts - Issue 4814   190

The Kurdistan Regional Government, and it is approved for the purposes of this law, and the compensation stipulated in (1) of this paragraph shall be calculated based on the aforementioned cost per barrel multiplied by the number of barrels received in accordance with paragraphs (a, b) of this item, and the Federal Ministry of Finance shall undertake to pay the amounts to the Kurdistan Regional Government.

Immediately commence the delivery of oil produced in the region to the State Oil Marketing Organization (SOMO) or the Federal Ministry of Oil in accordance with paragraphs (a, b) of this clause, and the costs of production and transportation shall be compensated by the Federal Ministry of Finance as advances at a rate of $16 per barrel, to be settled later after the specialized technical advisory body referred to in paragraph (1) of this paragraph completes its work and retroactively from the date of commencement of delivery pursuant to this amendment.

Article 2 - This law shall be implemented from the date of its publication in the Official Gazette.

Abdul Latif Jamal Rasheed   president  link

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

Tishwash:  Federal Reserve Praises Development of US Dollar Cash Distribution System in Iraq

The Central Bank announced, today, Sunday, the details of its meetings with the US Treasury and the US Federal Reserve.

The Central Bank stated in a statement received by / Al-Maalouma / agency, that “the first quarterly meetings for the year 2025 with the US Treasury and the US Federal Reserve, which were held in Dubai with the participation of international auditing and consulting firms (EY, K2 Integrity, Oliver Wyman), ended and the meetings were crowned with praise for the steps taken by the Central Bank of Iraq and the Iraqi government to reform the banking sector.”

He added that "the most important steps that have been taken are the development of the cash distribution system for the US dollar in Iraq, which they considered the most controlled and controlled system in the world, which limits manipulation and smuggling of the US dollar."

The Central Bank explained that “the consulting firms (EY and Oliver Wyman) reviewed the plans to reform the public and private banking sector and upgrade it in line with international standards and to facilitate the involvement of Iraqi banks in the international financial relations network. international correspondent banks in the Iraqi banking sector.”  link

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

Tishwash:  Regional Oil: The Path to Resuming Exports and Its Next Stages: New Hopes on the Road to Economic Recovery

Former member of the Natural Resources Committee in the Kurdistan Parliament, Jihad Hassan, commented today, Monday (February 17, 2025), on the statements of the Minister of Natural Resources in the regional government regarding the resumption of the region’s oil exports.

Hassan said in an interview with Baghdad Today, "This is an economic step that will revive the economy of the region and Iraq in general, and the matter was dependent on Baghdad and Ankara, as the region has been ready for a long time to export oil without any obstacles."

On the other hand, the expert and advisor on oil affairs, Govind Sherwani, confirmed that “the President of the Republic signed the amendment to Article 12 of the budget law related to the allocations for production and transportation of the region’s oil, and this issue was the obstacle to resuming exports.”

In an interview with Baghdad Today on Monday (February 17, 2025), Sherwani said, "The law will come into effect after its publication in the Official Gazette, and with regard to the technical aspect, a delegation from the Federal Ministry of Oil visited the region to review the technical aspects."

He added, "It is expected that within a week or the end of this month, the technical arrangements will be completed, and export will become possible. It is certain that the previous quantities, which are 400 thousand barrels per day, will not be, because these arrangements and the rehabilitation of the oil wells that were left for two years require a long time, and it may take more than 3 months to reach the previous rates."

He pointed out that "the beginning will not be less than 250 thousand barrels exported daily, and it is possible that within a month or two, exports will return to 400 thousand barrels, and this is a new resource to raise the public treasury, especially since this oil can be marketed to European markets without any obstacles."

At the beginning of 2025, new developments came in the amendment of Article 12 of the budget law, which paved the way for the resumption of oil exports from the Kurdistan Region. This step is considered an important solution to a legal problem that was hindering oil exports, and provides the region with an opportunity to enhance its economic revenues by exporting oil to global markets, especially European ones.

Despite the technical challenges facing the process of resuming exports, such as rehabilitating oil wells that have been out of service for two years, experts expect that the export process will begin in limited quantities, with the possibility of gradually increasing them in the coming months  link

Mot: Multi Talented I Is!!! 

Mot..... and then there is ""Grandma's Tea"" 

MilitiaMan & Crew-Iraq Dinar News-Finance & Banking Advisors speakout-Truth-Oil Exports-Exchange Rate Expectation

MilitiaMan & Crew-Iraq Dinar News-Finance & Banking Advisors speakout-Truth-Oil Exports-Exchange Rate Expectation

2-17-2025

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

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

https://www.youtube.com/watch?v=-rtcvEOPD7A

Seeds of Wisdom RV and Economic Updates Monday Evening 2-17-25

Good Evening Dinar Recaps,

ELON MUSK’S D.O.G.E. SET TO INVESTIGATE FORT KNOX’S $425B GOLD RESERVE

A groundbreaking D.O.G.E. investigation has catalyzed some more intense debate across multiple financial sectors after Elon Musk brought to the surface questions about the Fort Knox’s $425 billion gold stockpile verification process.

The Department of Government Efficiency (D.O.G.E.) has engineered a comprehensive review to verify whether Fort Knox actually maintains its reported 4,580 tons of gold, revolutionizing traditional Treasury oversight.

How Elon Musk’s D.O.G.E. Investigation Could Impact Fort Knox’s Gold Reserves

Political Response and Bitcoin Alternative

The D.O.G.E. investigation has leveraged significant political momentum, with several key lawmakers spearheading support initiatives.

Senator Rand Paul said:

“Nope. Let’s do it”

Senator Cynthia Lummis had this to say:

“Bitcoin fixes this. A bitcoin reserve could be audited anytime 24/7 with a basic computer. It’s time to upgrade our reserves.”

This pivotal D.O.G.E investigation comes after Senator Lummis created the groundbreaking Bitcoin Act, which aims at creating a strategic reserve formed out of 1 million Bitcoins, which would be optimizing a whopping amount of 5% of the total BTC supply.

The initiative deploys secure Bitcoin vaults operated through some sophisticated Treasury protocols. This would be leveraging the existing Federal Reserve and Treasury resources.

How States Use & Their Own Gold

Several major states have spearheaded their own cryptocurrency initiatives while Fort Knox discussions continue at the federal level. 

Pennsylvania, Texas, Wyoming, Arizona, and Wisconsin have engineered innovative state-based Bitcoin reserve strategies, catalyzing significant momentum for cryptocurrency adoption across various government sectors.

The Treasury has leveraged its existing 200,000 BTC holdings, primarily acquired through strategic asset seizures coordinated by US Marshals. Under the groundbreaking BITCOIN Act, these digital assets would be integrated into Treasury operations, pioneering a new era of national cryptocurrency reserves.

The Current Position of the Treasury

A pivotal inspection of Fort Knox was conducted in 2017 during Treasury Secretary Steve Mnuchin’s visit. The facility had remained sealed since 1974, when select journalists and lawmakers gained unprecedented access following widespread concerns about missing gold.

The vault’s sophisticated security architecture requires multiple authorized personnel for access, presenting ongoing challenges for comprehensive verification.

Also talking about gold reserves, Senator Lummis said:

“A bitcoin reserve could be audited anytime 24/7 with a basic computer. It’s time to upgrade our reserves.”

@ Newshounds News™
Source:  Watcher Guru

~~~~~~~~~

HESTER PEIRCE ON CRYPTO INDUSTRY'S 5 BIGGEST CONCERNS

The SEC's lead Crypto Task Force regulator talks early action.

President Trump made big crypto promises on the campaign trail. With Gary Gensler gone and the SEC now under new management, his administration stands ready to deliver on the agenda with digital asset regulatory clarity.

Hester Peirce – an outspoken advocate for digital asset liberties and regulatory restraint – joined David Hoffman to discuss the implications of changing agency leadership on crypto’s future.

Day one of the Trump Administration saw Commissioner Peirce appointed as head of the SEC’s freshly formed Crypto Task Force, and its first move was rescinding SAB 121, a controversial accounting policy that restricted financial institutions from offering crypto custody services.

Although Gary Gensler’s relentless trickle of crypto lawsuits traumatized industry participants and discouraged engagement with American regulators, Commissioner Peirce hopes to build healthy relationships with crypto projects and encourage experimentation through practical solutions that uphold regulation.

We didn’t get all the answers, but it was certainly refreshing to hear a lead crypto regulator finally engaging with the industry! Here’s how Hester responded to the crypto industry’s top 5 pressing concerns.

1 Regulatory Clarity for Tokens
One of the biggest shifts is the potential retroactive regulatory relief for token issuers. Peirce outlined a roadmap whereby projects that issued tokens in the past can gain legal clarity by providing disclosures and agreeing to certain conditions.

For years, the SEC's aggressive stance against tokens has discouraged transparency, leaving many projects afraid that disclosures could be used against them in future enforcement actions. Commissioner Peirce hopes to flip that dynamic by encouraging voluntary disclosures.

2 No-Action Letters
Peirce discussed the no-action letter process, which allows companies to request an official statement from the SEC confirming that a specific activity will not result in an enforcement action.

The SEC continues to solicit input from the crypto industry on how these processes should work, as it did under Gensler, and interested parties can reach out directly to provide feedback via the email: crypto@sec.gov.

3 Securities Laws and Crypto
Historically, being labeled a security has been a death sentence for crypto tokens in the U.S. due to the regulatory burdens it imposes. But does it have to be that way?

Peirce acknowledged that while some crypto assets will clearly fit within securities laws, the industry needs new frameworks to accommodate decentralized networks.

She also touched on meme coins, stating that just because something is popular doesn’t necessarily make it a security, but warned individuals against assuming that the SEC (or any regulator) will act as a safety net for those making speculative bets.

4 Airdrops and Retail Access to Crypto
Crypto projects often exclude U.S. citizens from their airdrops over fears they could become embroiled in legal troubles with securities regulators.

While Commissioner Peirce didn’t provide a definitive answer on airdrops, she signaled that the SEC is working on clearer guidance and encouraged projects to submit scenarios to the Crypto Task Force so they can better understand what the industry needs.

Additionally, Peirce indicated openness towards modernizing American financial regulations and expanding private market access through novel investor accreditation standards.

5 The SEC’s Relationship with the CFTC
Under previous leadership, the SEC and CFTC had an almost territorial fight over which agency would regulate crypto. Peirce expressed optimism that this will change, emphasizing that collaboration between regulators is now a priority.

Rather than seeking jurisdictional dominance, Commissioner Peirce hopes regulators will work together to create frameworks that actually make sense for crypto markets.

@ Newshounds News™

Source:  Bankless

Link to the Podcast:  Bankless

~~~~~~~~~

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4 Steps To Take When Your Emergency Fund Doesn’t Cover Your Emergency

4 Steps To Take When Your Emergency Fund Doesn’t Cover Your Emergency

David Nadelle  Mon, February 17, 2025   GOBankingRates

Having a financial safety net to cover unexpected medical costs, the loss of a job or income, or large expenses, like car repairs or appliance replacements, is essential.

However, while you won’t have to look hard to find tips on starting and maintaining an emergency fund, there’s not a lot of useful information out there to assist you when your emergency fund falls short in covering an emergency

Here are four things to do if an emergency has emptied out your emergency fund.

Stop Spending

When inflation and consumer prices stretch your income to the limit, finding extra money to fund an emergency reserve is difficult. However, it’s generally recommended that you sock away three to six months’ worth of expenses as your emergency fund goal, depending on your lifestyle and living situation.

Hindsight being 20/20, of course, you could have saved more to prepare for an emergency. But financial crises are unforeseen and you can’t live your life sacrificing all enjoyment for the sake of hoarding cash. If you do find yourself without the funds to pay an emergency expense, you’ll need to start cutting back where you can by reducing, pausing or eliminating.

Discretionary spending on new clothes, restaurant outings and indulgent services or subscriptions need to be assessed and excised in times of financial burden. If necessary, temporarily downgrade your cell service or insurance needs and start penny-pinching at the grocery store.

Pay the Minimum on Credit Cards

Not having to rely on credit cards or high-interest loans will help you avoid adding to your debt if you have an emergency fund. But what about existing debt that still needs paying off?

TO READ MORE:  https://www.yahoo.com/finance/news/4-steps-emergency-fund-doesn-190025271.html

The 10 Golden Secrets of Fort Knox

The 10 Golden Secrets of Fort Knox

2-17-2025

Think you know what’s inside Fort Knox? The 10 golden secrets of the US Bullion Depository

Doug Whiteman September 12, 2022

In This Article:

You may have learned about Fort Knox from the James Bond movie Goldfinger, or from the old cartoon where Bugs Bunny tricks Yosemite Sam into digging up some of the gold bars and getting arrested.

But what do you really know about the U.S. bullion bunker in Kentucky?

The Fort Knox gold vault is one of the most secure and secret places in America. Because few people have ever gotten inside, the gold depository is a subject of fascination and speculation.

Here are 10 things we know — or maybe don’t know.

1. It holds tons of gold — literally

Fort Knox currently houses 147.3 million ounces of gold. The government says the bullion has a “book value” of $6.22 billion.

However, that’s based on a fixed price that officials set in 1973. Based on the current market value of gold, the reserves at Fort Knox are worth a far more impressive $252 billion, roughly speaking.

Much of the gold in the vault is in the form of 27-pound bars, while a percentage is in gold coins.

At one time, the point of having all of that gold was to provide backing for U.S. currency — but the dollar was taken off the gold standard in 1971.

2. Is the gold really in there?

So why does the U.S. hang onto its gold stash?

“Just in case we need it,” is the explanation a former Federal Reserve Board chairman reportedly gave.

Conspiracy theorists have insisted that the government secretly sold off the gold and that the gold bars are actually tungsten bricks painted to look like the precious metal.

There’s no way for outsiders to say with absolute certainty if there’s really bullion — or if it’s all bull. Over the years, there have been few audits to test the gold, or inventories to count it.

3. Outsiders rarely get inside

In 2017, Treasury Secretary Steve Mnuchin led a rare visit by outsiders to peek at the gold reserves inside the Fort Knox vault.

He was accompanied by Senate Majority Leader Mitch McConnell, and the two of them were photographed holding gold bars.

Afterward, Mnuchin had an answer for the conspiracy mongers. “Glad gold is safe!” he tweeted.

The last time Fort Knox had opened its vault to civilians was more than 40 years earlier. A congressional delegation and some journalists got a look at the gold in 1974.

4. Only one U.S. president ever got inside

President Franklin Roosevelt commissioned the construction of Fort Knox in the mid-1930s, reportedly because the Treasury worried that U.S. gold reserves weren’t safe from an enemy invasion.

Later, Roosevelt became the only U.S. president ever to set foot inside the gold vault’s titanic walls.

He traveled to Fort Knox to make an inspection in 1943, about seven years after construction on the vault was completed.

5. It’s one beefy building

Fort Knox contains 4,200 cubic yards of concrete, 16,000 cubic feet of granite, 750 tons of reinforced steel and 670 tons of structural steel. The cost of construction in the 1930s was a mere $560,000.

The roof is said to be bomb-proof, and the main vault door weighs 20 tons and is 21 inches thick. The Treasury says no one person knows the entire combination.

The door is resistant to torches, drills and explosives — not that any of that matters. The real challenge to any would-be intruder is reaching the building in the first place.

6. Guards and more guards

Fort Knox is guarded by members of the U.S. Mint Police, one of the oldest federal law enforcement agencies. It was established in 1792.

The officers undergo 12 weeks of basic training, followed by five weeks of field training. They learn a long list of heavy-duty skills, including weapons handling, cornering, door entry and room clearing.

If that doesn’t seem intimidating enough, Fort Knox sits at the center of a 109,000-acre U.S. Army post and is a training ground for military troops from around the country.

7. A frail foreign visitor

Occasionally, the vault at Fort Knox has held other precious items, besides gold.

In 1939, one of the original copies of the Magna Carta — the Medieval English charter laying down basic human rights — was brought to the U.S. to go on exhibit at the New York World’s Fair.

When World War II erupted, the delicate document was transferred to Fort Knox for safekeeping. The Magna Carta stayed in residence until 1947, when it went back to England.

But for a time, it had some treasured American roommates.

8. Very special guests from U.S. history

World War II turned Fort Knox into a hotel of sorts for prized papers from both sides of the pond.

Originals of the Declaration of Independence, the Bill of Rights and the U.S. Constitution were moved to the gold vault out of fear that the nation’s capital would be attacked.

As the war wound down, the parchment was returned to its rightful home in Washington, D.C., in 1944. That left some room at Fort Knox for the next priceless guest.

9. Protection for a hallowed headpiece

Legend has it that Hungary’s King Coloman, who reigned from 1095 to 1116, declared that the Holy Crown of Hungary, and not the king, was the true ruler of the realm.

During World War II, the crown was whisked out of Hungary to protect it from falling into the clutches of the Nazis or Soviets. It resurfaced in Austria in 1945 and was handed over to American forces.

The U.S. government brought the crown to Fort Knox for safekeeping. It remained there until 1978, when it was returned to Hungary by a delegation led by U.S. Secretary of State Cyrus Vance.

10. America’s medicine cabinet

What else has Fort Knox held, besides gold and historic artifacts? How about a hoard of d***s? Morphine sulfate, to be exact.

During the Cold War, the U.S. military wanted to be certain that it had a healthy supply of pain meds in case foreign opium sources ever got cut off. So, in 1955, Fort Knox opened its doors to tons of opium.

The government spent millions refining the stuff into morphine in 1993. However, unlike the gold — we think — the morphine is no longer there today.

Source: Yahoo Finance

https://dinarchronicles.com/2025/02/17/the-10-golden-secrets-of-fort-knox/

Economist’s “News and Views” 2-17-2025

Is the U.S. About to Revalue Gold? What It Means for You!

Financial wisdom:  2-15-2025

In latest gold news reveals the US government is considering revaluing its 8,133 metric tons of gold reserves from the current $42.22 per ounce (set in 1973) to potentially match market prices near $3,000, which could generate over $760 billion in value.

While China and other central banks added record amounts of gold to their reserves in 2024, the US debates whether revaluation could help address national debt and strengthen the dollar's global position. -----

0:00 US gold reserves valued at $42.22/oz vs. market price of $3,000/oz

0:57 Benefits of gold revaluation, including debt reduction and dollar strengthening

2:09 Impact on investors and markets

 3:46 Historical context & central bank gold buying trends

https://www.youtube.com/watch?v=9EFrv7mkHKM

MARKETS A LOOK AHEAD: (TAKE ACTION NOW). WHAT IS ALREADY HAPPENING, AND ABOUT TO HAPPEN.

Greg  Mannarino:  2-17-2025

https://www.youtube.com/watch?v=i9W0mfP8VDY

This Always Happens Right Before a Market Crash

Heresy Financial:  2-17-2025

TIMECODES

 00:00 4 Crash Indicators: Introduction

00:26 #1 Euphoria and Fear of Missing Out

 01:17 Real Estate Example (Great Financial Crisis)

 02:13 Fear & Greed Index Explained

02:55 Social Media & Family “FOMO” Signs

03:16 #2 Illogical Valuations

 03:40 Dotcom Bubble & Pets.com

04:48 Amazon’s Overvaluation in 2000

 05:16 Possible AI Bubble

06:03 Palantir vs. AMD Example

 07:01 Summing Up Illogical Valuations

07:23 #3 Monetary & Fiscal Policy Changes

07:56 End of 2021: Top Mark & Market Drawdown

 09:08 Tracking M2 Money Supply

 09:43 Why Policy Signals Matter

10:12 #4 “Idiots Getting Rich” Phenomenon

10:40 The Uber Driver / Dentist Test

 11:24 Assessing the Market Today

11:51 Valuations, Rotations & Strategy

12:26 Inflationary Deleveraging Outlook

13:17 Government Debt & Currency Devaluation

13:36 Not All 4 Crash Indicators Are Present

 14:19 “Bull Markets Climb a Wall of Worry”

 15:07 Three Ways to Protect/Profit from a Crash

 16:35 Taking Partial Profits & Holding

https://www.youtube.com/watch?v=1juJGETFr2U

Iraq Economic News and Points to Ponder Monday Afternoon 2-17-25

Government Advisor: Historic Decision To Protect Iraqi Gold And Revive The Craft With A New Generation

Time: 2025/02/17 11:31:22 Read: 1,905 times  {Economic: Al Furat News} The financial and economic advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed that the recent decision regarding the management and sustainability of the national wealth of gold and precious metals is one of the most important steps that will contribute to protecting the national economy and ensuring its stability.

Saleh told Al Furat News Agency that "this step comes as part of a broader strategy to make gold a safe and stable reserve for citizens and the local economy."

He explained that "the decision aims to preserve a rare and historical resource that is in line with the price and monetary systems in the economic community, and it also seeks to create an attractive industrial climate within Iraq instead of this wealth leaking into external industrial workshops, which led to a decline in quality and quality control, in addition to the depletion of national resources."

He noted that the absence of the goldsmith craft locally and its dispersion due to various circumstances and its transfer to neighboring countries has led to destabilizing dealings with this vital resource, which exposed the family and the economy to great risks,"

stressing that "the decision will revive this craft by supporting a new generation of national craftsmen, which will enhance the local market for gold and reduce dependence on foreign markets in manufacturing and remanufacturing."

Saleh stressed that "this step will lead to strengthening the position of gold as one of the basic resources within the national economy, especially after long years of leaks resulting from wars and conflicts.

He explained that the government has given this issue great attention, as the decision came to be in line with the social and economic customs and traditions of families and individuals who have relied on gold as a store of value for thousands of years.

The Industrial Coordination Council had approved in its meeting yesterday, Sunday, the localization of the precious metals industry, including gold and jewelry, in addition to cosmetic products, with instructions to provide all necessary facilities for those wishing to establish their own factories.

It was decided to monitor the quantities of gold exported abroad, through controls that determine the quantities remanufactured, and to submit documents to the Central Bank that secure the value of the exported quantity, and to return the quantity after its manufacture is completed to the country, under the supervision of the Central Bank.   LINK

Rafidain Bank Launches National Bonds Worth Two Trillion Dinars

Economy | 09:33 - 02/17/2025  Mawazine News – Baghdad   Rafidain Bank announced today, Monday, the launch of national bonds (first issue) in the amount of two trillion dinars.

A statement by the bank received by (Mawazine News) indicated "the launch of national bonds (first issue) in the amount of (2) trillion dinars for the period from February 10 to March 10, 2025.

The bonds are distributed into two categories:

- A bond of 500,000 dinars (five hundred thousand dinars) with an annual interest of 6% paid every six months for a period of two years

for a period of four years
- The bond is sold to banks as well as to the public (natural and legal persons)
- The person (natural or legal) wishing to purchase submits a direct request to the bank, bringing with him the original identification documents https://www.mawazin.net/Details.aspx?jimare=259640

Oil Prices Fall Again As Hopes For Peace In Ukraine Rise

Monday 17 February 2025 08:26 | Economic Number of readings: 198

Baghdad / NINA / Oil prices fell for the fourth consecutive day during early Monday trading, due to expectations that a peace agreement between Russia and Ukraine may ease sanctions that disrupt supply flows and due to concerns that global tariff wars will slow economic growth and weaken energy demand.

Brent crude futures fell 20 cents, or 0.2 percent, to $74.59 a barrel, by this morning. Brent crude had suffered losses of 3.1 percent in the past four sessions after US President Donald Trump and officials from his administration announced that they had begun discussions with Russia to end the war in Ukraine.

West Texas Intermediate crude futures fell 23 cents, or 0.3 percent, to $70.51 a barrel.

US crude fell 3.8 percent in the past four sessions, and fell earlier in Monday's session to $70.12 a barrel, its lowest level since December 30, according to Reuters data.

Trump said on Sunday he believed he could meet with Russian President Vladimir Putin “very soon” to discuss ending the war in Ukraine.

His comments come as the United States and Russia prepare to hold preliminary talks in Saudi Arabia in the coming days.

“Markets are down on the prospect of a ceasefire between Russia and Ukraine and the possibility of sanctions on Moscow being eased,” said Hiroyuki Kikukawa, president of NS Trading, a unit of Nissan Securities.

“Concerns about an economic slowdown caused by tariff wars, due to Trump’s actions, are also weighing on prices.”

He expected West Texas Intermediate crude to trade between $66 and $76 for a while as further declines in oil prices could curb U.S. oil production.

U.S. and European Union sanctions on Russian oil exports have limited shipments and disrupted seaborne oil supply flows. Lifting sanctions if a peace deal is reached would boost global energy supplies. /End   https://ninanews.com/Website/News/Details?key=1187091

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

Seeds of Wisdom RV and Economic Updates Monday Afternoon 2-17-25

Good Afternoon Dinar Recaps,

SILVER PRICES SURGE TO HIGHEST LEVELS SINCE OCTOBER, EYEING $35 MARK

Silver prices surged to $33 per ounce on Friday, hitting their highest since late October at $33.41, fueled by factors driving gold to record highs. Analysts suggest silver may challenge its 10-year peak of $34.87, though some remain cautious due to the metal’s volatility and its lag behind gold in 2024.

Silver has gained 14% in 2025 after rising 21% in 2024, supported by rising U.S. Comex futures prices amid concerns over a potential U.S. trade war due to proposed import tariffs.

The March silver contract increased 3.3% to $33.79. The premium between CME futures and London spot prices has caused market volatility, drawing significant inflows into COMEX-approved warehouses. CME silver stocks surged 22% to 375.8 million ounces since November 24, when President Trump announced tariffs on Mexico and Canada, later delayed until March.

Copper prices also hit a three-month high, supporting silver. Meanwhile, London Bullion Market Association data revealed an 8.6% drop in silver inventories to 23,528 tons in January, the largest monthly decline since 2016.

Despite bullish trends, analysts caution against silver's volatility, noting its price movements often exceed gold’s by 2-2.5 times. Technical concerns arise as silver traded between $22-35 in 2024 compared to $19-27 in 2023.

Industrial demand, comprising half of silver’s usage, could face challenges if a trade war hampers global growth. Additionally, fewer U.S. Federal Reserve rate cuts and slowing Chinese growth may pressure silver prices further.

The silver market's volatility and external economic factors will likely continue to influence its trajectory, with investors closely watching its attempt to reach the $35 threshold.

@ Newshounds News™

Source:  Economic Times

~~~~~~~~~

BREAKING: ELON MUSK’S DOGE LAUNCHES SEC PROBE AS RIPPLE LAWSUIT NEARS END

In a latest development, Elon Musk’s DOGE has announced audit into the SEC for fraud, abuse and waste. The cryptocurrency community is closely watching this development, particularly as the SEC’s lawsuit against Ripple is nearing its conclusion.

The DOGE_SEC account has urged the public to share information about the SEC’s actions. “DOGE is seeking help from the public! Please DM this account with insights on finding and fixing waste, fraud, and abuse,” the account posted.

This move has sparked heated debates among legal and financial experts. In reaction to this, Coinbase’s Chief Legal Officer, Paul Grewal, suggested a rule requiring the SEC to pay legal fees for defendants who successfully fight its lawsuits. Other voices from the crypto community have also raised concerns about the SEC’s actions, especially over its ongoing litigation with Ripple.

Besides, Ripple’s CLO, Stuart Alderoty, responded to SEC’s ongoing scrutiny, saying, “I have the receipts,” suggesting that crucial documents tied to the case could soon be made public. However, it remains to be seen if this could bring a swift end to the Ripple vs. SEC case.

@ Newshounds News™

Source:  Coinpedia

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TETHER SEEKS INVOLVEMENT IN U.S. STABLECOIN REGULATIONS

Tether has been in talks with U.S. lawmakers behind the STABLE Act. The firm aims to get more involved in shaping U.S. stablecoin legislations.

According to FOX Business reporter Eleanor Terrett, Tether has been in discussions with Rep. Bryan Steil and Republican Chair of the House Financial Services Committee, French Hill, regarding stablecoin regulations in the U.S.

Steil and Hill confirmed to Terret that the world’s largest stablecoin issuer has been engaging actively on the discussion draft for the new bill, Stablecoin Transparency and Accountability for a Better Ledger Economy, or STABLE Act.

The bill is set to require stablecoin issuers to gain permission from the Office of the Comptroller of the Currency and back their crypto to traditional fiat currency, short-term U.S. Treasury bills, or central bank reserves.

CEO Paolo Ardoino said that the firm plans to comply with the U.S. regulations for stablecoin, however it may turn out.

“We are not going to just throw in the towel and let Tether die just for the sake of not adapting to U.S. legislation,” said Ardoino.

This means that if the STABLE Act comes to pass, Tether will need to commit to maintaining one-to-one asset backing for its tokenized fiat and conduct monthly reserve audits through a U.S.-based accounting firm.

According to Terret, Tether has been criticized for its lack of transparency, namely due to accusations that the firm has never received a full audit. Instead, the stablecoin firm provides quarterly reports from its financial books published by global accounting firm BDO.

Furthermore, JP Morgan analysts predict that Tether will have to sell some of its Bitcoin holdings to comply to the new requirements, citing that the stablecoin firm only has 66% to 83% of the required amount to back its crypto supply.

Ardoino stated that his team aims to get involved in shaping all regulatory frameworks for stablecoins in the U.S. to ensure that they have a say in the legislative process.

“We are going to work within the regulatory framework, and we are going to try to advise on every single one of these field proposals to make sure that our voice is heard,” said Ardoino.

In the past week, there have been three stablecoin bills introduced in the House and the Senate.

Aside from the STABLE Act, there was also the GENIUS Act, a bipartisan bill introduced by the Senate team that includes an author of the Bitcoin reserve proposal, sen. Cynthia Lummis. The bill regulates stablecoins with a market cap over $10 billion.

Additionally, Democratic Rep. Maxine Waters on the House Financial Services Committee, introduced a proposal for stabelcoin oversight involving the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and the Federal Reserve.

On Feb. 13, Federal Reserve Governor Christopher Waller said that stablecoins have the potential to strengthen the U.S. dollar’s domination on a global scale. 

However, he believes that the stablecoin market still requires a regulatory framework that directly addresses stablecoin risks and enables banks and non-banks to issue stablecoins.

Last year, Fed Chairman Jerome Powell also claimed to fully support the creation of a stablecoin framework in a meeting with the House Financial Services Committee.

@ Newshounds News™

Source:  Crypto News

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DJ: DID YOU KNOW? Chronology of Banking

DJ: DID YOU KNOW?  Chronology of Banking

For the skeptics regarding the eventual implementation of the GCR, we first have to look at the evolution of the banking system. As the world became more global, it was an obvious necessity that banking would have to evolve to accommodate global transactions. The GCR is merely a component of the next logical phase of this evolution.

Chronology of Central Banking: Evolution and Key Milestones

1609 – 1694: Early Central Banking Foundations

The first recognized central bank, the Bank of Amsterdam (1609), introduced key concepts of modern banking, including deposit accounts and transferability. The Bank of England (1694) was then established to finance war debts, setting the precedent for state-controlled monetary policy.

1791 – 1913: Rise of National Banking Systems

The First Bank of the United States (1791) and the Second Bank of the United States (1816) laid the groundwork for central banking in America but faced opposition from those who feared centralized financial power. After their demise, the National Banking Act of 1863 established a system of nationally chartered banks, though the absence of a true central authority led to financial instability.

1910: The Jekyll Island Meeting

In response to frequent financial panics, powerful bankers and politicians secretly convened on Jekyll Island, Georgia, to draft the blueprint for a new central bank. This led to the establishment of the Federal Reserve System in 1913, creating a lender of last resort and formalizing U.S. monetary policy.

1929 – 1932: The Great Depression and the Banking Crash

The stock market crash of 1929 triggered a series of bank failures, culminating in the 1932 banking crash. In 1933, the U.S. government introduced the Glass-Steagall Act, separating commercial and investment banking and establishing the Federal Deposit Insurance Corporation (FDIC) to restore public confidence.

1944: The Bretton Woods Agreement

This agreement pegged global currencies to the U.S. dollar, which was convertible to gold, establishing the dollar as the world’s reserve currency. The International Monetary Fund (IMF) and the World Bank were also created to stabilize economies and promote international trade.

1971: The End of the Gold Standard

President Richard Nixon’s decision to abandon the gold standard in 1971 led to a fully fiat currency system. Central banks gained greater control over monetary policy but also increased the risk of inflation and currency devaluation.

2008: Global Financial Crisis

The subprime mortgage crisis resulted in widespread bank failures, leading to government bailouts and the implementation of stricter regulations, including the Dodd-Frank Act. Central banks, particularly the Federal Reserve, used quantitative easing to stabilize economies. ( The primary objectives of quantitative easing are to boost economic activity and prevent deflation by providing liquidity to the financial system. By purchasing these assets, central banks inject money into the economy, aiming to increase spending by businesses and consumers)

Islamic Banking vs. Central Banking

Islamic banking operates under Sharia law, prohibiting interest (riba) and speculative financial instruments. Instead, it employs profit-sharing models such as Mudarabah and Musharakah. In contrast, central banking relies on interest rates and monetary policy tools to regulate economies, often leading to debt-based financial structures.

Decentralization and Digital Banking ( Ushers in the need for a GCR)

The next logical phase in banking evolution is decentralization through blockchain technology and central bank digital currencies (CBDCs). Cryptocurrencies challenge traditional banking structures by offering borderless and decentralized financial transactions, while CBDCs provide governments with more control over monetary policy in a digital age. As artificial intelligence and automation continue to advance, the future of banking may shift toward fully digital, algorithm-driven financial systems.

Bottom line “some times you have to trim the limbs for the tree to grow”

DJ

https://dinarchronicles.com/2025/02/16/the-office-of-poofness-weekly-report-update-from-poof-and-dj-2-16-25/

“Coffee With MarkZ” Monday Morning Chat 2-17-2025

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: Happy Presidents day….Will they waste another 3 day weekend?

Member: last 3 day weekend until May, isn't it?

Member: Good Morning all…..So very Happy to be here

Member: I would be happier exchanging and being on a beach…lol

Member: Perhaps this is the week we have been waiting for!

Member: I saw a post about a lot of plane traffic into Reno with groups getting out with briefcases and in suits. Then coming back all smiles and high fives.

MZ: I don’t know about the high fives but there has been an abnormal amount of private jet traffic in and out.

Member: mark, any word from your friendly bond folks over the weekend to help verify money movement ??

MZ: I do not have a historic bond update since the great update on Saturday. There are a few that are expecting full access today. We will see if it happens. Monday morning is usually very quiet on that front.

Member: Maybe you will hear news by tonight’s podcast.

Member: About your news that bond commissions were being paid on Saturday…..Well Bond people would not be able to tell you if they got paid under NDA. But you’ll get paid commission  when the deal is done so that tells me the bond people got…. paid deal is done

Member: I do believe if the middle man got paid the actual holder got paid… which means they have a completed the sale of the bonds cause you don’t get commission unless a sale has happened

Member: Brokers normally get paid at the CLOSE of the Transaction.

Member: Rumor has it that Teir 1 and 2 have been paid. Maybe just rumors.

Member: Any news from Redemption center folks last weekend?

MZ: I know they worked half a day….but I do not know what they are working on.

Member: In Iraq: Rafidain Bank announced today, Monday, the launch of national bonds (first issue) with an amount of (2) trillion dinars until March 10, 2025

Member: I heard the president of Iraq signed or passed the budget amendments and HCL? Hope it’s true.

MZ: “Rueters: Oil exports from the Kurdistan region will resume next week” oil is flowing and money is moving.

MZ: “The Central Bank of Iraq announces positive results of its quarterly meetings on the US side” five smaller Iraqi banks have been banned from US dollar transactions.  They are making all final cleanups so Iran does not get access.

Member: When Iraq posts the rate in the gazette, will it automatically go on forex? Inquiring minds want to know…lol

Member: If we are not waiting on Iraq to RV…what are we waiting for?

MZ: I absolutely believe we need Iraq to RV and then we all go at about the same time.

Member: Looks like we are possibly also waiting on DOGE audits of the US Treasury, The Federal reserve and Ft. Knox now before they pull the RV trigger. Maybe we need to see that done before QFS is activated and gold backed currency???

Member: I’m thinking we need that before tax cuts as well.

MZ: More are now calling for the audit of Ft. Knox. The last audit of the gold in Ft. Know was in 1974.and they only audited 1 or 2 vaults out of all of them….maybe only 6 % of the gold got audited.

Member: As of February 2025, the U.S. Treasury holds about 8,200 metric tons of gold, or 261.6 million troy ounces. This gold is valued at $42.22 per ounce,

Member: Why wouldn't the US value gold at current market value? Would sure help the US bottom line and possibly back our new gold backed USTN’s. Market rate is almost $3,000 for gold.

Member: ​​It's going to be very interesting when they go into Fort Knox

MZ: “Rand Paul supports Ft. Knox physical audit after zero hedge suggestion goes viral”  it would be nice if Elon Musk and DOGE could take a look inside to make sure the $4, 580 tons of US gold is really there in Ft Knox. The last time anyone looked was 50 years ago in 1974. I love they are calling for physical audits .

Member: Hold tight. Pentagon, FEMA, IRS, SEC, Federal Reserve audits are all also coming!

MZ: We have all been prepared for all these Nesara/Gesara things to happen…I believe we are watching it happen.  

Member: My bank shut down for a few days the first of February. They said they were changing computing systems.

Member: UBS Switzerland upgraded ebanking terms this week end

Member: Sec. of Treasury said he would tariff countries with low currency rates

Member: international bank of settlement gets together on the 28th of this month

Member: Ramadan also starts on the 28th….along with Chinese New Year?

Member: Kuwait revalued one week before Ramadan

Member: I'm praying for all of us, that this is our time

MZ: I am planning on next Saturday being the last one we use Twitch for this podcast. So folks will have to listen to us on youtube and rumble.

Member: Mark so very grateful for this once in a lifetime opportunity, we are with you in the wait

Member: Hoping everyone has a great day today.

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=si1Bk1ODe8Q

News, Rumors and Opinions Monday 2-17-2025

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 Mon. 17 Feb. 2025

Compiled Mon. 17 Feb. 2025 12:01 am EST by Judy Byington

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

Global Financial Crisis

Sun. 16 Feb. US Preparing for Global Currency Reset and Release of gold/backed US Note …John F. Kennedy on Telegram

Buckle up. There’s a massive move happening in the gold market that almost nobody’s talking about. Huge physical deliveries. Shortages in London. Gold flowing into the U.S. at record levels. Someone with deep pockets is scooping up gold—likely the U.S. Treasury or Fed.

Why? The theory: They’re preparing for a full-on gold audit—meaning they’re re-shoring gold they might’ve leased out. Once audited, that gold could form the backbone of a new monetary system. This could signal a seismic shift in the dollar’s status and value.

The endgame: A major devaluation of the U.S. dollar to reset America’s global competitiveness. Think back to 1971 (Nixon shutting the gold window) or 1985 (Plaza Accord). This time, it might be even bigger—some call it the “Mar-a-Lago Accord.”

Tariffs are key. They aren’t just about steel, aluminum, or stopping fentanyl. They’re the cudgel to force other countries to accept a new currency regime. The U.S. wants to drive down the dollar’s value vs. the yuan, euro, yen, etc. to boost exports and domestic industry.

Bottom line: Prepare for a major monetary reset. One that’s orchestrated (they hope) rather than chaotic. These aren’t half-baked theories. You can see it in gold flows, Trump’s policy picks, the talk of a Sovereign Wealth Fund, and a looming forced revaluation.

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The Real News for Sun. 16 Feb. 2025:

Sun. 16 Feb. 2025 Goodbye Internal Revenue Service, Hello External Revenue Service, Trump: 15,000 IRS employees have been identified to be FIRED as early as next week by President Trump. The IRS is going to be thrown in the trash bin of history. Attention IRS workers: If you survive this round of job cuts, take advantage of the opportunity to start getting your resume out there for a new job. If you’re smart, you aren’t waiting to be fired, you’re applying for a job at the “External Revenue Service.” That’s the future. The day of collecting any federal taxes from the American people will soon be over.

Read full post here:  https://dinarchronicles.com/2025/02/17/restored-republic-via-a-gcr-update-as-of-february-17-2025/

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

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

Frank26  We are on the precipice.  We are right on the edge of this happening...Isn't it exciting we're not asking questions like, 'Will it happen?'  We're instead waiting with a reality. 

Fnu Lnu  I can hardly believe all the things Iraq is doing simultaneously. It boggles the mind. Iraq has launched a 15,000 acre housing project - They approved Phosphate and Sponge Iron projects - Standard Chartered is putting $95m up for Iraq Power Plant Financing - Iraq is expanding the Maysan Refinery to include a new 70,000 bpd facility - Iraq launched its third phase of "Baghdad Pulse" initiative which is rehabilitating Al Rasheed Street which was reduced to a pile of rubble on top of a pile of rubble - BP is putting 25B on the table and betting big on Iraq again - It just goes on and on with all manner of progress like new economic agreements with Kuwait and 3 new oil wells in Zubir and it would take a page to list all the alliances and agreements and projects. This hardly sounds like a country operating on 1320 IQD to the 1 USD to me. Something has got to give. Singapore has no news on the completion of the cross-border payment training. I think when they are through, we will see movement.

Gold Standard 2.0: 2 BRICS Central Banks Just Changed All Precious Metals Prices FOREVER | Lyn Alden

Two Dollar investing:  2-16-2025

Gold Standard 2.0: 2 BRICS Central Banks Just Changed All Precious Metals Prices FOREVER | Lyn Alden

https://www.youtube.com/watch?v=0s9vRiki9NY