“Tidbits From TNT” Wednesday Morning 2-19-2025

TNT:

Tishwash: Parliamentary meeting with the Governor of the Central Bank and officials from the Ministry of Finance

The Parliamentary Finance Committee held a closed meeting today, Tuesday, with the Governor of the Central Bank, Ali Al-Alaq, the directors of Rafidain Bank and the Trade Bank of Iraq (TBI), the Director of the Anti-Money Laundering Department at the Ministry of Finance, and other officials, to discuss the file of financial sanctions on some banks. /  link

Tishwash:  A burning economic debate.. Is raising the exchange rate the magic solution for the Iraqi economy?

An ongoing debate among economists in Iraq about the effects of adjusting the exchange rate of the Iraqi dinar against the US dollar on the national economy, especially in the fields of agriculture and industry.

The opinions of experts and officials vary between supporters and opponents of changing the exchange rate, with a focus on how this will affect the productive sectors and the overall economy.
In 2020, the Central Bank of Iraq decided to adjust the exchange rate of the dollar against the dinar, as the purchase price of the dollar from the Ministry of Finance reached 1,450 dinars, while its selling price to banks was set at 1,460 dinars, and to citizens at 1,470 dinars per dollar.

In February 2023, the Central Bank of Iraq announced another adjustment in the exchange rate, to become 1,300 dinars per dollar, as the decision came in an attempt to control inflation and achieve stability in the general price level.

Protecting the Iraqi Dinar
In turn, economic expert Alaa Al-Fahd believes that “the current exchange rate represents a balance that protects the value of the Iraqi Dinar and maintains the general price level, which helps protect the poor classes.”

“The main reason behind the rise in production costs is due to the rise in energy prices, not the exchange rate,” he told Iraq Observer.

“The real problem that hinders the rise of productive sectors, especially agriculture and industry, is related to the energy crisis, especially electricity, as this crisis leads to higher production costs, which prevents the development of these sectors,” Al-Fahd added, noting that “countries like China have a low exchange rate for their currency, and despite that, their industry is thriving, which means that the decline in the currency may be an opportunity for the growth of local production, and not necessarily an obstacle to development.”

Historically, the Iraqi dinar has witnessed fluctuations in its value. In 1980, the dinar was equivalent to 3.3 US dollars, but its value deteriorated during the Iran-Iraq war, falling to about 4 dinars to the dollar in 1988. After the invasion of Kuwait and the imposition of an economic blockade in the 1990s, the value of the dinar deteriorated significantly, reaching about 3,000 dinars to the dollar in 1995.

Raise the exchange rate
On the other hand, Deputy Governor of the Central Bank of Iraq, Ihsan Shamran, believes that “industry will not rise unless the state finds itself in it, and neither will agriculture unless the exchange rate is changed, as the current rate is unfair, and the Iraqi exporter sells goods at any price and makes a profit because the dollar is very cheap.”

Shamran added in a press statement that “the cheap dollar is pushing some exporters to sell any commodity inside Iraq in exchange for the dollar, as the exchange rate should be between 2,000-2,500 dinars per dollar, considering that the Iraqi currency is very strong due to its high balance.”

He pointed out that “Iraq has reserves of nearly 120 billion dollars against a trading source estimated at 103-104 trillion dinars, which gives the Iraqi currency a cover of nearly 170%, which is not a small matter, but the relationship with the dollar requires adjusting the exchange rate to achieve the required balance.”

Experts have differed on the impact of these amendments on the Iraqi economy. While some believe that devaluing the dinar enhances the competitiveness of local products and reduces the budget deficit, others believe that it leads to higher living costs and negatively affects low-income groups.

Economists believe that the real problem lies in the structure of the Iraqi economy and its heavy dependence on oil, in addition to challenges related to energy and infrastructure, which hinder the development of other productive sectors. link

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Tishwash:  British Ambassador: Our view on Iraq has been fixed for 30 years, but now it has changed for the better

The British Ambassador to Iraq, Stephen Charles Hitchcock, confirmed today, Monday, that Iraq is a country of opportunities and investments, while expressing his optimism about the future of Iraq, due to the creativity, courage, dignity and endurance of the Iraqi people .

Hitchen said in a speech during the economic conference of the Iraqi-British Business Council, "My mission will end in two weeks, and it is natural for us to start thinking about what conclusions we can offer, and I share with you several ideas after a beautiful experience with you in Iraq. I am optimistic about the future of your country, and the source of optimism is the creativity, courage, dignity and endurance of the Iraqi people ."

He added, "Despite the challenges and problems, you can see that the trend towards the future is more positive in the current year 2025, and this is better than the situation in 2020, which was better than 2015, which was better than 2007, and the trend towards the future is clear and the existence of challenges cannot be ignored or denied, and you know the size of the challenges ahead of you ."

He continued, "For 30 years, British ministers viewed Iraq as a country of crises, a dangerous region and a security challenge. Now, for the first time, we have changed our ideas and see Iraq as a country of opportunities and investments," indicating, "The presence of our embassy in Iraq is not because of the past, but because of the future, and this is a turning point in our ideas ."

He explained, "The Iraqi government is responsive to our ideas and we have a contact group for the Iraqi economy which includes the  G7   and the World Bank," explaining, "We spoke with government advisors with the aim of unifying economic ideas ."

He added, "Prime Minister Mohammed Shia al-Sudani's recent visit to London was to renew trade relations and announce projects worth 12 billion pounds sterling, and we have coordination and cooperation with the Prime Minister's Office to implement these projects in the coming period ."

Hitchen concluded by saying, “The most important existential challenge is not ISIS or regional problems, but the demographic and economic situation before you. We expect, over the next 15 years, a decline in the price of oil and an increase in the population, as in 2003 there were 23 million people, now there are 46 million people, and in 2040 the number will reach 70 million people, and this is a big challenge link

Mot: . 50 Licks!!! --- ooooops!!! 

Mot: .. Just Saying!!! ----

Iraq Economic News and Points to Ponder Tuesday Evening 2-18-25

Iraq loses 10% of its total foreign official reserves in 2024 .. What are the reasons?
 
Economics     2025-02-18 | Source: Alsumaria News     2,299 views  Alsumaria News – Economy  witnessed Iraq During the year 2024, a remarkable decline in its foreign official reserves, as  it decreased to 130 trillion Iraqi dinars by the end of the year, recording a loss of 6 trillion Iraqi dinars during the month of December alone, which represents 4% of the total reserves, according to what he mentioned The head of the Iraq Future Foundation for Research and Economic Consultation, Manar Al -Ubaidi.  says Al -Ubaidi in a post followed by Alsumaria News, that
 
throughout the year, Iraq lost a total of 15 trillion Iraqi dinars, which is equivalent to 10% of its official reserves, to reach its lowest level in more than two years, as the reserves were at this level at the end of a year 2022, before it rose to 147 trillion Iraqi dinars in November 2023, and then re -decreased at the end of 2024.

This decline is due to several main factors, foremost of which is the
 
     high government expenditures, as
     revenues were unable to achieve sufficient levels to cover the increasing expenses, which necessitated
     resorting to reserves to fill the financial deficit and financing operational and investment expenditures that are still in continuous escalation. Besides,
 
there are other factors that have contributed to this decline,
 
     imposing economic challenges that require a review of financial policies to ensure the stability of cash reserves in the future, according to Al -Ubaidi.    
  
https://www.alsumaria.tv/news/economy/516887/العراق-يخسر-10-من-مجمل-احتياطياته-الرسمية-الاجنبية-في-2024-ما-الأسباب

The Central Bank Organizes A Workshop To Introduce Artificial Intelligence
 
February 18, 2025  The Information Security Department, one of the formations of the Central Bank of Iraq, organized  an introductory workshop for its employees with the concepts of artificial intelligence and its relationship to the security of cyber information and security.
 
The workshop discussed the
 
     stages of the development of artificial intelligence and
     its relationship with the security of cyber information and security, as well as
     its new role in the financial and banking sector and the
     risks that this sector can be exposed to.
    
    The Central Bank of Iraq   Media Office   February 18, 2025    https://cbi.iq/news/view/2796

Banking Sector And Economic Bases 
 
Economic 2025/02/17  of the. He Hamid Rhyme Janani  It can be likened to the artery of life in relation to economic activity, and  its role in any economy cannot be overlooked, regardless of that economy, sophisticated or developing, and even if it is backward, the
 
     first model needs a banking system that is pushed through its sustainable activity to achieve positive growth in the gross domestic product, while the
 
     second model has a role Under importance is to mobilize savings and direct them to investments to push towards the sustainability of development transformations. As for the
 
     third category, it must activate the role of banks and improve their performance in a way that ensures the finding of the introductions of the economic transformation and change to move from the clutches of backwardness to the desired economic development.
 
Investments need financing and 
 
the last is supposed to achieve by the banking sector and
 
this is what is discovered from the (Hardo-Dumar) model that is supposed to be
 
Economic growth as a product of economic development is based on the explicit relationship between the volume of savings and investments in the economy, and
 
this is definitely the role of banks.
 
The aforementioned roles are achieved through the mechanism of work of the banking system in any economy with the different pattern of its work, as
 
commercial banks that work with their credit policies using the teams that have the price of creditor and debtor, and
 
those Islamic ones that take a pattern based on speculation, agency, murabaha, participation and consultation, as some banks invest Trade in securities with its various types.
 
The essence of banking operations in its various forms is looking to achieve a very important purpose,
 
which is to find an economic balance between financial surpluses on the one hand and financial scarcity on the other hand, but how? 

Of course, there are individuals in society who have financial resources and do not have investment thought, in return  there are individuals and institutions that have investment thought but they need financial financing,
 
the banking system comes to exercise the role of the mediator between the two categories and through the interest rate and credit policy or the tools of Islamic banks to withdraw financial surpluses to re-pump it into the economy By directing it to the business sector, and
 
here is the secret behind the state of economic growth and enhancing development gains and shift towards the beginnings of economic development, and
 
it must be indicated by the transit role of the borders of the process of transporting capital across countries,
 
everything that is presented expresses the governing economic rules of the work of the banking system.
 
Iraq and the dilemma of the banking apparatus,
 
that dilemma that begins with international sanctions inherited from the previous regime, which was imposed on the largest banks, Al -Rafidain and Al -Rasheed, which have not been raised to this day, and
 
despite the establishment of many private banks, the number of banks reached (79) banks distributed according to ownership (8 (Government banks, (71) private banks, and (7) of private banks in which foreign partnerships, the observer did not touch the economic situation a developmental role for the banking system by noting
 
the general economic situation dominated by the rentier style according to the diversity indicators issued by the Ministry of Planning, the transformational industrial sector contributes to a rate The percentage of (2 percent) only and the agricultural (5 percent) only and other low percentages from other contributions and
 
the most important point is that the rate of what the banking sector maintains from the cash source by
 
the central bank did not exceed (12 percent) only and the rest is cash in trading the banking sector did not succeed in Attracting it, and  this reflects the weak confidence in the device Banking.
 
The most important misfortunes on the banking system are the international sanctions imposed, as the number of punishable banks in 2023 (14) banks reached the penalties before them (4) other banks.
 
Despite the efforts to address the defect in the banking system, such as government attempts to structure the largest banks (Al-Rafidain and Al-Rasheed) by relying on international advice, the central bank’s policies to enhance control over its work and the ongoing negotiations to lift the sanctions and others, the banking system is still suffering from clear challenges.
 
The desired economic development in Iraq needs a banking sector working (with economic rules) a necessary condition and not sufficient to achieve the shift towards the beginnings of development, and without it the problems of (monetary liquidity) remain stuck because the monetary bloc in the economy is with its largest part of The banking system.    https://alsabaah.iq/110251-.htm

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

4 Best Money Lessons From Elon Musk

4 Best Money Lessons From Elon Musk

July 10, 2023 By Yaёl Bizouati-Kennedy

Paris: 2023 Elon Musk Vivatech, France - 16 Jun 2023JEANNE ACCORSINI / SIPA / Shutterstock.com

Elon Musk — still the world’s richest man, with a $243 billion net worth as of July 10, according to the Bloomberg Billionaires Index — is at the helm of several companies. From Tesla to SpaceX, and from Neuralink to The Boring Company — and most recently, Twitter — Musk is no stranger to controversy and is known for speaking his mind.  Not everything Elon Musk has done, financially speaking, has been exemplary. However, Musk’s best money moves are at the center of many commentaries, however, and four follow.

PayPal: An Early Mind for Bold Investing

Musk founded X.com, later named PayPal, and sold it to eBay for $1.4 billion in 2002, according to The Wall Street Journal. He collected $100 million from the deal.

“One of Elon’s best financial moves was placing most of his net worth into Paypal, at a time where the ‘.com’ world was seriously taking off,” said Sebastian Jania, owner of Ontario Property Buyers.

Upon successful growth of this company, he sold it and was paid handsomely — but instead of cashing out of the “entrepreneurship game” and living on the proceeds, he recycled his money into three more businesses which also took off as successes, said Jania.

“This was a very wise decision as he was able to take his successes in the tech industry and diversify across solar, automotive, and space industries. This move protected him in case the tech industry or other industries would crash.”

Musk Reinvests Profits Into his Visions

Elon Musk has made billions of dollars from his ventures but doesn’t all profits on lavish lifestyles or frivolous things, said Anna Koval, co-founder and CMO at Tarotoo.

“Instead, he reinvests his profits into his vision of making humanity a multi-planetary species and advancing clean energy and transportation. This shows his passion, dedication, and long-term thinking, which are essential for any successful entrepreneur.”

TO READ MORE; https://www.gobankingrates.com/money/wealth/4-best-money-lessons-from-elon-musk/?utm_term=incontent_link_3&utm_campaign=1237686&utm_source=yahoo.com&utm_content=6&utm_medium=rss

FRANK26…..2-18-25……CITIZENS KNOW

KTFA

Tuesday Night Conference Call

FRANK26…..2-18-25……CITIZENS KNOW

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

https://www.youtube.com/watch?v=ILBpmC_Y7sE

Evening News with MarkZ and Dr. Scott Young. 02/18/2025

Evening News with MarkZ and Dr. Scott Young. 02/18/2025

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

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

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

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

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

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

Youtube:    https://www.youtube.com/watch?v=6a2Z2Zl_fh0

Economist’s “Gold News and Views” 2-18-2025

GOLD REVALUATION 2025: How Likely Is a US-Driven Monetary Reset?

Taylor Kenny:  2-18-2025

The global monetary reset isn’t coming—it’s already here. The evidence is overwhelming: skyrocketing U.S. debt, declining dollar dominance, and an unprecedented surge in central banks buying gold.

These signs point to one thing—gold is being repositioned at the center of the global financial system.

 A massive financial shift is underway. Are you prepared?

CHAPTERS:

0:00 Global Monetary Reset

1:52 US Debt

3:41 Gold Revaluation

6:41 Why Is This Happening?

 9:21 The Next Monetary Shift

10:45 Get Prepared Now

https://www.youtube.com/watch?v=gJn37vFAngE

'There's Not Much Time Left' - GOLD Driving Monetary End Game

VRIC:  2-18-2025

Lynette Zang and Rafi Farber think that misguided optimism over Trump's presidency is hiding the real truth lurking in America's monetary sewers: unbridled debt and deficits, dollar devaluation, and fiscal irresponsibility showing no end in sight.

Gold is poised to continue its upward climb in the face of these facts, and is perfectly playing its role as a unit of account and store of value, while the dollar increasingly becomes the emperor without any clothes.

00:00 Introduction

00:54 Gold's Path to $3,000 and Beyond

03:01 CPI Print - What Does it Mean?

07:03 Jerome Powell Says No to CBDC

09:56 Gold Outflows From London

 15:52 Repo Rates and the Monetary Sewer

21:57 Economic Narrative VS. Reality

27:40 Fed Exiting 'Green' Initiatives

31:47 Ron Paul Auditing the Fed

https://www.youtube.com/watch?v=5CiLCfgf_jw

Iraq Economic News and Points to Ponder Tuesday Afternoon 2-18-25

The Wave Of Penalties For Iraqi Banks .. Is It The Beginning Of New Pressure?
 
Economics     2025-02-17 | 3,633 views  Alsumaria News – Local  The economist, Manar Al-Ubaidi, said today, Monday, regarding the imposition of sanctions on Iraqi banks.  said Al-Ubaidi in a statement followed by Alsumaria News, that   "there are 10 Iraqi and foreign banks working to carry out external transfer operations in various currencies, led by the dollar," noting that "there are news about the joining of two new bankers,   one of which is Iraqi and  the other is a foreigner, to the Citi Pilot platform responsible for Transfer the dollar." 

He added that "what is happening in the Iraqi banking sector is not a collapse as some depicts it, 
but rather a process of reshaping aimed at ensuring compliance with international standards,
 which reflects a new stage of organization and adaptation to the requirements of transparency and financial compliance", "noting that "we were hoping to lead This change is Iraqi banks, but the nature of the emerging sector and the leniency that it witnessed during the past twenty years made it unstable for such changes, as banks   believed that the existing situation would continue and   did not initiate the preparation of the requirements of the new stage.

He stated that "there are banks that organized their conditions and managed their business properly and managed to withstand and continue in the market,"
 
calling on "Iraqi banks to re-evaluate their work and work to achieve international governance standards and compliance."
 
Those responsible for the financial and banking educational system must, Al-Ubaidi stressed
 
"the necessity of re-evaluating the content of teaching materials to graduate human competencies and energies
 
     needed by the banking sector and is
     able to compete with foreign human energies from different countries to
     ensure the sector's sustainability with Iraqi cadres and Iraqi institutions."
 
 Iraqi banking sources, quoting diplomats working in Baghdad, revealed that
 
new sanctions will be issued against 5 Iraqi banks who violated international standards and some of them transferred money to illegal parties,  while the Central Bank denied the validity of these news.
 
The sources stated in a news followed by Alsumaria News, that
 
"the sanctions will include bank owners after accusing at least one of the five banks to work completely for one of the armed factions in Iraq." It was later published that
 
"the five banks covered by the procedures are the" Musk "bank, the" Sanam "bank, the" United "bank, the" Al -Amin "bank and the" East "bank.
 
After the five banks including the penalties, 34 private banks will be out of 44 banks in Iraq that included the sanctions to remain 5 Iraqi banks operating in Iraq along with 5 other Iraqi banks working with Arab and foreign capital ..

The total number of banks operating in Iraq becomes 10 banks except government banks
 
The other is the Rafidain Bank, the Rashid Bank, the Iraqi Bank for Trade, and other specialized banks, such as agricultural, industrial, and others. https://www.alsumaria.tv/news/economy/516701/موجة-العقوبات-على-مصارف-عراقية-هل-هو-بداية-لضغوط-جديدة؟ 

The Central Bank Of Iraq Signs A Memorandum Of Understanding With Frankfurt School For Administrative And Financial Sciences
 
February 17, 2025  The Center for Banking Studies, the training arm of the Central Bank of Iraq,
was keen to achieve one of its strategic goals of
 
     upgrading training by enhancing cooperation and
     building communication channels, and
     holding partnerships with many vocational academic and training institutions. 

The Center for Banking Studies and the Frankfurt School of Administrative and Financial Sciences signed a memorandum of understanding, to frame cooperation efforts between the two sides, and
 
this memorandum aims to
 
    enhance cooperation in the field of training and development of staff in the financial and banking sector in the two countries, as well as
 
    exchanging experiences and experiences between the two sides, especially in modern areas that It serves the Iraqi financial and banking sector, and the
 
signing of the Memorandum of Understanding comes in light of the central bank’s approach to the cadres of the Iraqi banking and financial sector, as one of the most important notes that the
 
Banking Studies Center aims to sign with internationally accredited training and training centers.
    
The Central Bank of Iraq  Media Office  February 17, 2025 https://cbi.iq/news/view/2795

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

Seeds of Wisdom RV and Economic Updates Tuesday Afternoon 2-18-25

Good Afternoon Dinar Recaps,

CREEPING DOUBTS OVER US GOLD RESERVES MAKE CASE FOR TOKENIZED COMMODITIES

America’s Fort Knox, Kentucky gold reserves haven’t been audited in more than 50 years.

The tokenization of real-world assets (RWAs) has reached a record high in 2025, driven by institutional demand for US dollar-denominated yield products.

As the technical barriers to RWAs continue to erode, commodities that require continual verification, like gold reserves, are likely to find a home on the blockchain very soon, according to Michele Crivelli, founder and chief operating officer of digital asset issuer NexBridge.

In an interview with Cointelegraph, Crivelli explained why US Treasurys and other fixed-income instruments have been the biggest targets of tokenization.

“These assets offer stability, transparency and clearly defined yields,” said Crivelli. “There is strong demand for dollar-denominated instruments for various reasons, including the need to combat inflation in certain regions and preserve purchasing power in countries where you don’t have direct access to [US dollar] currency or investment.”

Tokenizing Treasury bonds is a natural first step in a market that Crivelli calls a “small, knowledgeable niche.”

However, it’s only a matter of time before more assets become tokenized.

“Beyond US Treasury bills, gold and other commodities are prime candidates for tokenization, thanks to their potential to reduce correlation with traditional markets,” said Crivelli.

“There are different tokenization models — some replicate financial instruments linked to gold, while others directly represent physical bullion,” he said.

Anxiety over US gold reserves grows

The tokenization of real-world assets like gold is taking on newfound importance as Elon Musk’s Department of Government Efficiency (DOGE) seeks to cut wasteful spending and increase the transparency of US federal agencies.

Musk has even proposed using blockchain technology to track federal spending — a motion that was supported by Coinbase CEO Brian Armstrong.

Anxiety over federal gold reserves has grown since Zerohedge reminded Musk that the country’s Fort Knox, Kentucky deposits haven’t been audited in more than 50 years.

“Surely it’s reviewed at least every year?” Musk asked.

In response, US Senator Rand Paul has called on DOGE to investigate the status of Fort Knox’s nearly 4,600 tons of gold.

Blockchain technology can render these issues obsolete, according to Crivelli. Tokenizing bullion on the blockchain can increase the security and transparency of gold reserves, which enables “continual verification of gold’s ownership,” he said.

In the meantime, betters on Polymarket say there’s a 50% chance that DOGE will audit the Fort Knox gold reserves by May of this year.

@ Newshounds News
Source:  CoinTelegraph

~~~~~~~~~

TETHER CO-FOUNDER IS WORKING ON YIELD-BEARING STABLECOIN RIVAL

▪Pi Protocol is set to launch in the second half of the year
▪The project will let minters of stablecoin earn yield

One of the original founders of Tether is backing a new stablecoin project — one that will compete with the world’s most traded cryptocurrency.

Reeve Collins, who along with Brock Pierce and Craig Sellars launched precursor to the original stablecoin, served as Tether’s first chief executive officer from from 2013 to 2015. 

He is chairman and co-founder of Pi Protocol. The so-called decentralized project is expected to debut on both the Ethereum and Solana blockchains in the second half of this year or sooner. No financial terms were disclosed.

Pi will use so-called smart contracts, or computer programs that automatically execute transactions between parties like exchanges and market makers, to mint its USP stablecoin. 

As a reward, the minters will earn another token, called USI, as yield. The stablecoin will be backed by yield-bearing real-world assets such as bonds.

After initially being used in crypto to facilitate trading and serving as a refuge from the extreme swings in the prices of most other tokens, stablecoins have been touted more recently as a method of payment.

The idea is to let industry participants marketing the stablecoin to get the lion’s share of the profits from it — something that doesn’t happen with Tether, which is supposed to be tied one-to-one to the dollar. Tether, which has grown to have over $140 billion in USDT tokens in circulation, profits from investing the reserves backing the coins. Tether said it had about $13 billion in profit last year.

“We view Pi Protocol as the evolution of stablecoins,” Collins said in an interview. “Tether has been extremely successful in showcasing demand for stablecoins. But they keep all the yield. We believe 10 years later the market is really ready to evolve.”

Collins, 49, and his partners sold Tether to the operators of the crypto exchange Bitfinex in 2015, when the USDT stablecoin’s market value was less than $1 billion. Collins has since co-founded several other companies, including NFT platform BLOCKv.

“I very much supported Tether over the years, it’s an extraordinary invention that we’ve developed,” Collins said. “Hindsight is always 20/20,” he said when asked if he regretted selling his stake in Tether.

Stablecoins have gotten a boost this year, with the election of US President Donald Trump. In his first days in office, Trump released an executive order promoting US dollar-backed stablecoin adoption, and Congress is working on a bill that offers a regulatory framework for stablecoins in the US.

Major financial companies like PayPal Holdings Inc. are already issuing stablecoins, while many others are considering issuing them.

Pi Protocol seeks to take advantage of the fast growth of not only stablecoins, but also real-world assets, a category which companies like the world’s biggest asset manager, BlackRock Inc., already play in. 

The stablecoin will be over-collateralized by assets like Treasuries, money-market funds and insurance products represented on blockchain ledgers. Pi’s smart contracts will evaluate the collateral’s value and enforce an over-collateralization ratio, according to the project’s whitepaper.

“You want assets that are non-correlated to crypto that are mid- to high yield, low risk,” Pi Chief Executive Officer Bundeep Singh Rangar, who previously founded insurance platform PremFina, said. “We have a mechanism that assesses the quality of the asset. They are ones that are vetted on their loss ratio and origination of where they are coming from.”

Pi will be ruled by a governance token, USPi, whose holders will get a cut of the platform’s revenue, coming from sources like yield from minting the stablecoin on the platform. The token’s users will be able to vote on decisions such as setting risk parameters, adjusting collateral policies and distribution of protocol revenue. The project’s team and advisors got 25% of the governance token supply. A pre-sale of the governance token is currently ongoing.

@ Newshounds News™

Source:  Bloomberg

~~~~~~~~~

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“Bits and Pieces” in Dinarland Tuesday Afternoon 2-18-2025

Ariel : A Fort Knox Audit Could Set a Precedent

2-18-2025

Everyone probably too scared not to outright file their taxes. But since DOGE came along they are testing the extension feature for the 1st time just to see if the IRS survives the audit.

So the Deep  State is trying to ship gold from London to the US more than likely to Fort Knox before DOGE has a chance to audit it. I guess they do not want them to discover the reported vs actual gold reserves.

Which of course if the general public found out by discovering a shortfall in gold reserves could lead to volatility in financial markets, affecting currency values and investor confidence. This plays well into a potential crash.

Because revelations from an audit could prompt scrutiny of past and present monetary policies, especially those related to the gold standard and fiat currency. And D. Trump always said the artificial value if the USD was to high. So how do you bring it down?

Well it looks like Elon Musk is getting around to that. A Fort Knox audit could set a precedent, leading to calls for audits of other government assets and operations, potentially exposing mismanagement or malfeasance. Which sets the ground for Crypto.

Why? If gold reserves are found lacking, it will bolster the credibility and adoption of alternative assets like cryptocurrencies, which offer transparency through blockchain technology that everything will be scrutinized with.

A significant discrepancy in gold reserves could alter international perceptions of the U.S. economy, affecting geopolitical alliances and economic negotiations. Which will bring more attention to the fair trade policy D. Trump has been pushing.

There will be legal and political consequences from an audit leading to investigations, legal actions, and political upheaval, challenging the positions of those implicated in any potential cover-up. Which will be many.

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

Babysmom  NORMAL SCHEDULE FOR THE GAZETTE IS SATURDAYS AND WEDNESDAYS, IT WAS PUBLISHED IN A SPECIAL EDITION...  THEY PUBLISHED AMENDMENTS THAT WERE APPROVED...IT MEANS THAT THEY AGREED UPON RATES FOR KURDISTAN AND OIL. NOW WE ARE JUST LOOKING FOR A RATE CHANGE.

Guru Militia Man The president of the republic [of Iraq] has signed the amendment to the budget law...It's waiting for the exposure of the exchange rate that's going to be in the Gazette.  Does Alaq have a conversation with everybody before that or it it all around the same time?  It's to be determined.  Obviously they haven't moved oil at 1310.  They haven't paid all the salaries at 1310.  They haven't exposed the budget.  Obviously they're doing something trying to keep it contained till down to the wire.

Fort Knox, Where Is The Gold? "This is ENORMOUS" - Mike Maloney

2-18-2025

Is there a secret gold-buying spree unfolding right under our noses? In this eye-opening video, Mike Maloney examines record-breaking gold inflows and the swirl of theories around Fort Knox, the Treasury, and the Federal Reserve.

Could the U.S. government be quietly accumulating gold to cover up potential shortfalls—or even to prepare for a seismic revaluation that could shake the global monetary system?

Dive into the controversial history of Fort Knox audits (or lack thereof), find out why silver demand is also skyrocketing, and see how market manipulation might be holding precious metals down.

This is one discussion you can’t afford to miss if you’re watching the future of money.

Highlights in This Video:

Shocking weekly inflows of gold (in both ounces and dollar value)

Speculation around Treasury or Federal Reserve gold-buying

Why Fort Knox audits are stirring so much controversy

The difference between book value ($42 per ounce) and real market value

The ripple effect on silver demand—and how it might affect prices

 Join us to get the full breakdown and see what might be lurking behind the curtain of America’s gold reserves.

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

“Coffee With MarkZ” Tuesday Morning Chat 2-18-2025

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

MarkZ  Update- Some highlights by PDK-Not verbatim

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

Member: Good morning MarkZ, MODS and Fellow RV Patriots!

Member: MARK Z. Something was posted in the gazette yesterday. I think we're moving in the right direction

Member: yes Samson on MM said good info on the gazette

Member: Nadar put out a short video with all the clauses & amendments. Sounded Positive.

Member: Whoo hoo gazette publishing is  big news!!!

MZ: the only fun news I saw in the Gazette was the $16 dollar per barrel going to Kurdistan. And the budget tables are moving forward.

Member: TNT post an article that the budget is done and in the Gazette today.

MZ: The bond side is still quiet…News was loud on Saturday and quiet on Monday. Its pretty odd.

Member: If they are under NDA’s – they are bound to stay quiet.

MZ: I know some group people are working but they won’t tell me what they are doing….just that they have their “nose to the grindstone” . I think that is positive.

MZ: I actually have some bond facilitators that have actual physical money…this is something we have never seen…...this makes me excited. We have seen a tremendous amount of progress.

MZ: Someone sent me an old “Q” drop…which is interesting. Grab your tinfoil hats…..the drop said “Gold will destroy them” Talking of the destruction of the deep state. Do you think perhaps it’s the knowledge we may soon have about Ft. Knox and it is empty? And Therefore the Fed Reserve and the “Corporation” is bankrupt? What do you all think is the chances of that?

MZ: I am still on the fence about all of this…..but there have been some eerie accuracies that make you at least consider it to be real. Or maybe it’s like “The Simpson’s” and they are damn lucky?

MZ: “Gold will destroy them all” I always thought that phrase meant because it would destroy the cental banks because people would prefer gold backed currency to fiat. But if people find out the Central banks have been lying to us and holding nothing…while telling us this gold we have backs our nation and our currency …well there will be a lot of very upset people.

MZ: Then what happens if they go to London and audit that bank. Then the biggest banks in the West….and find out there isn’t anything there or amounts are not remotely accurate…maybe its all gold painted lead bars or something…..What do you think will happen?  They may be onto something “Gold will destroy them all”

Member: Is it a coincidence that Kentucky is flooded and Fort Knox is in Kentucky and Elon wants to audit it

Member: Anyone wondering if the audit of Fort Knox will crash the US Dollar?

Member: I still think that once they do the audit of the gold in Fort Knocks things are  going to take off!!!

Member: I have had family, connected with Ft Knox for several decades. the rumors were that the gold was gone back in the seventies.

Member: loads of gold coming from Europe, probably to restock fort Knox before the audit

Member: If Fort Knox was short let alone empty. It would Force the RV.  Imo

Member: Elon posted a question "Do you think we should have news camera's on when we go into the vaults of Fort Knox?" I say yes.

Member: Re Ft Knox gold vaults - hope this doesn’t turn out like Geraldo Rivera’s quest to open Al Capone’s vault (pretty much empty)

Member: I know a man that guards the gold at Ft. Knox. A couple months ago I ask him if the gold was still there. He told me the gold is stacked from the floor to the ceiling. Maybe only one row?

Member: There have been rumors for years about 650 plane fuls of gold removed from the Vatican to the US…..and of gold stored in the Grand Canyon

MZ: Yes we have all heard those rumors….we really need to see it for ourselves. The people will not have faith in a new economy and new monetary system until we see it. Imo  

Member: Do you think the other Tiers before us are nearly completed…. in your opinion?

MZ: A good one from Iraq. “Parliamentary praise for the strategy to support national industry”  this one talks about everything Sudani is doing. He is convinced they one one shot to fix things and give a new value to the currency of the people in Iraq. They are creating a “juggernaut” of a good economy in Iraq.

MZ: “Plan to increase oil production to 7 million barrels a day”  I love this one.  Oil right now is about $75 bucks a barrel for Brent crude. They are making about $191 billion 625 million per year in oil revenues.  And we are not even talking about gas, tourism and manufacturing . Iraq is going to have one of the highest GDPs (Gross Domestic products) of any country on the planet…..Iraq has a lot to be excited about.

Member: wish they were excited about getting the new rate on the dinar. .

Member: Currency's cryptos, and Metals all seem to be aligning at the same time!

Member: Hey Mark, do you think this will be wrapped up by the end of February? My concern things will slow down as March is Ramadan time.

Member: Nader doesn’t think it will revalue during Ramadan

MZ: I don’t know….there is a history of revaluations during Ramadan ….So history says it is possible to revalue during Ramadan.

Member: When is Ramadan?

Member: I believe it starts at sundown on Feb 28 and goes for a full month.

Member: No disrespect to Ramadan, I just want this to be ramaDone.

Member: Ariel says…may be 60 days yet as Iraq’s pipelines aren’t completed yet and their oil cannot flow until they’re completed

Member: The plethora of private jets in RENO is sweet music to our ears…That has to be positive news.

Member: did you see an announcement from the Phillipines –No more fiat and the revaluation of global currencies? They were so Happy.I sent video to your Email

MZ: I have not seen that. I will look for it.

Member: yes the Phillipines show their new currency in the internet… the new Philippines currency has been slowly coming out 1000 bill last year polymer now they will change the other notes but no fiat change

Member: Texas Senate is holding a hearing on Strategic Bitcoin Reserve.

Member: IMO the banks shut down for 24 hours not because it was Presidents’ Day that was a cover up. Because Iraq does not celebrate Presidents’ Day and chase in Iraq was closed as well. Maybe it was the switch to Blockchain?

Member: Do you think some exchanges will be done on Military installations?

MZ: Absolutely. That makes sense. Many military personnel own foreign currency.

Member: I am not getting in the roller coaster again so I am waiting for my appointment to be excited…

Member: Let us be grateful to people who make us happy, they are the charming gardeners who make our souls blossom

Member: See you all tonight at 7:00 p.m. for another one of Mark's great podcasts. Have a blessed day!!

Member: Enjoy your day everyone

StacieZ joins the stream. 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

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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.

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

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News, Rumors and Opinions Tuesday 2-18-2025

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

RV Excerpts from the Restored Republic via a GCR: Update as of Tues. 18 Feb. 2025

Compiled Tues. 18 Feb. 2025 12:01 am EST by Judy Byington

Global Currency Reset:

Mon. 10 Feb.: Liquidity was (allegedly) released to the 12 platforms that then (allegedly) funded the 38 platforms beneath them (Tiers 1 and 2). …JR Truth

Tues. 11 Feb. 2024: A military Intel contact(allegedly)  said they released everything for the Global Currency Reset at 3pm PDT on Tues. 11 Feb. 2025 to start the shotgun release of liquidity & notifications …Carolyn Bessette Kennedy on Telegram

Wed. 12 Feb. Funding (allegedly) released to Bond Holder accounts. Banks could no longer see or have access to individual bank accounts. Some private groups were (allegedly) paid out on Wed. 12 Feb, while others will be(allegedly)  paid on Thurs. 13 Feb. …Bruce

On Thurs. 13 Feb. Nesara funds(allegedly)  started going out. Redemption Center leaders went into work at 10am on Thurs. 13 Feb.…Bruce

Fri. 14 Feb. 2025: Tier 1 and Tier 2 have been(allegedly)  paid, I was just told.  …Mike Berra

Fri. 14 Feb. 2025: I’ve been told my platform (that has currency and bond holders in it) started today Fri. 14 Feb. and will start payments on Tues. 18 Feb. I expect currency notifications around same time. …JR Truth

On Sun. 16 Feb. the Iraqi budget with the new Iraqi Dinar Rate was ratified and expected to be published in the Gazette soon. (Was published Mon. 2-17-2025)

This was the Global Currency Reset of 209 nations to gold/asset-backed currencies. Trump had already (allegedly) collected 650 plane loads of gold from the Vatican that was owed to the American People and right now Britain was sending billions worth of gold to the US. (2) X22 Report on X: “Who can guess why Britain is sending billions worth of gold to America? https://t.co/RqKA96ufXz” / X

~~~~~~~~~~

What We Think We Know as of Tues. 18 Feb. 2025:

DOGE just exposed that, until now, the Treasury Department had no traceability for nearly $4.7 trillion in U.S. taxpayer funds. Elon Musk says that a government database shows that five million people over 140 years old still receive Social Security benefits. People thought USAID was bad. Wait, they see what’s been happening at the IRS.

Stephen Miller just confirmed that foreign fraud rings have been using  social security numbers & identities to steal billions of taxpayer benefits through the IRS and Social Security. Miller confirmed DOGE is about to get the records. “Over a 10-year normal budget window, you could be talking about saving over a trillion dollars by clamping down on massive fraud in our tax and entitlement systems, including again those carried out by organized fraud and theft rings.”

~~~~~~~~~~

Possible Timing:

“On Sun. 16 Feb. the Iraqi budget was ratified and was expected to be published in the Gazette on Mon. 17 Feb, along with Kurdistan resuming oil exports. …Ariel on X

On Thurs. 30 Jan. 2025 the privately owned Fed and IRS officially dropped dead – when the US Treasury withdrew from the Cabal’s Bankrupt Central Banks across the World. President Trump has said he will replace the IRS with the ERS (External Revenue Service) where taxation on goods will replace taxation on The People and their income.

Since Friday 3 Feb. 2023 all Basel 4 Compliant banks have (allegedly) gone public with the new Gold / Commodity-backed currency International Rates as required by the GESARA Law. This is the Re-evaluation of all the global currencies (meaning the global currency reset).

Tues. 11 Feb. 2025 Official Notification: Leaders in the Global Currency Reset (allegedly) received signal payments authorized by the Quantum Network

This week the Quantum Financial System was said to be fully operational for completion of that Global Currency Reset.

The use of the FIAT US Dollar will be (allegedly) used for up to 90 days Feb. / March / April parallel with the new United States Note (USN), they may cut it off of by April 30th or soon thereafter. …Bruce

~~~~~~~~~~~

Mon. 17 Feb. 2025: State of the Republic For These United States of America …Capt.Kyle on Telegram

Trump’s Promise: 25+ states ready for gold standard. Banks are collapsing due to Basel 3 non-compliance. The Dodd-Frank Act allows banks to seize your money – be warned!

What’s Next?

■ Stock Market Crash
■ Gold Standard Return
■ Iraq IQD Exchange Rate Surge

Read full post here:  https://dinarchronicles.com/2025/02/18/restored-republic-via-a-gcr-update-as-of-february-18-2025/

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

Frank26  Yeah we have a bunch of dinars in the federal reserves.  Let's pretend that we have one zillion.  But when Sudani pulls the trigger, what are you going to do?  You're going to run to the American banks and you're going to give them three zeros notes.  Is the American bank going to send the three zero notes back to the CBI?  No.  Those are 'dinar mattresses'.  So where are these three zero notes going to?  The Federal Reserve where we already have one zillion dinars.  Now we're going to have two zillion dinars...

yada   Comment: Today is supposed to be the day the extraction cost of oil was raised for Kurdistan oil. That is real close to sounding like HCL stuff.  yada:  Exactly...the rate had to come first to give the oil transfer value.  Flowing oil means the rate was done.  Now our turn.

********

BREAKING NEWS US Treasury -Trump Shuts Off 5 Iraqi Banks +IQD Rate Pattern

Edu Matrix:  2-17-2025

BREAKING NEWS US Treasury Trump Shuts Off 5 Iraqi Banks +IQD Rate Pattern - Iraq's central bank is taking bold measures to combat money laundering and dollar smuggling by prohibiting five local banks from conducting U.S. dollar transactions.

This decision, influenced by recent high-level meetings with U.S. Treasury officials, follows last year's ban on eight banks and reflects Iraq's ongoing efforts to reform its financial system.

With over $100 billion in U.S. reserves at stake, the economic landscape is precarious, especially with the potential return of former President Trump's "maximum pressure" policy on Iran. Discover how these developments affect Iraq's economy and international dealings in our latest video!

https://www.youtube.com/watch?v=NcQbyqHFq7Q

Iraq's Dual Currency Exchange System

Edu Matrix:  2-18-2025

Iraq's Dual Currency Exchange System #iqd Exchange Rate - In this video, we dive into Iraq's Dual Currency Exchange System and explore the necessary changes for the Iraqi dinar (IQD) to gain value. Discover how the Central Bank of Iraq (CBI) manages the official fixed exchange rate against the U.S.

 dollar, and the implications of the parallel market rate. We examine recent CBI actions aimed at unifying these rates and discuss the potential outcomes for Iraq's economy.

Whether you're interested in global commerce, currency fluctuations, or economic stability, this video provides essential insights. Join us on the EduMatrix Channel as we unpack the complexities of currency exchange and its impact on Iraq's future.

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