Iraq Economic News and Points to Ponder Thursday Evening 2-20-25

Rafidain Bank Enhances The Efficiency Of Its Services By Expanding The Application Of The Electronic Q System

Thursday 20 February 2025  Economic Number of readings: 329  Baghdad / NINA / Rafidain Bank announced the expansion of the application of the electronic Q System to manage and organize customer waiting, to include more than 27 branches in Baghdad and the governorates, with a gradual plan to generalize it to other branches later.

The bank stated in a statement: "This trend reflects the bank's commitment to adopting the latest banking technologies to ensure the provision of more efficient and faster services, as the system provides an advanced mechanism to organize the movement of customers within the branches, reduce waiting periods, and determine the order of customers according to service priority, with an accurate time estimate for completing transactions.

He added: "This development comes within the bank's vision to enhance digital transformation and raise the level of customer satisfaction, by providing innovative solutions that contribute to improving the efficiency of banking operations and providing a smoother and more accurate experience. / End https://ninanews.com/Website/News/Details?key=1187748

Financial Supervision: We Have Indicated A Clear Renaissance In Our National Industries

Money and business  Economy News – Baghdad  The Federal Board of Financial Supervision indicated the presence of signs of progress in the national industrial reality during recent years, and while the Board indicated that Iraq relies in its federal budgets on the revenues of its oil exports to a large extent, it called for the implementation and activation of the consumer protection and local product laws to advance it.

The Assistant Director General of the Industrial Activity Audit Department at the Bureau, Dr. Iyad Aziz Saleh, said in an interview with "Al-Sabah", followed by "Al-Eqtisad News", that "the industrial sector in Iraq is one of the most prominent components of the non-oil economy, and strategies have been adopted to encourage and enhance investment, which were set by the Investment Law of 2006 (amended) in order to raise the efficiency of the performance of industrial companies that aim to produce and market manufactured products according to approved specifications for each product to meet local needs,"

noting that "there are standard products to meet the needs of the consumer such as (cement, dairy, soap and oils), and non-standard products that are produced according to demand such as the manufacture of electric generators of various capacities and voltage transformers, which are equipped only according to the needs of the Ministry of Electricity."

He added, "Some companies have obtained a certificate from the international ISO organization, which is an independent body. These specifications are a series of frameworks that help the department manage its business effectively and confirm and guarantee the quality of products such as Iraqi cement and food products."

dilapidated production lines

Saleh explained that “the majority of industrial companies in the country operate at low capacity due to the old machines, equipment and production lines, as most of them date back to the seventies and eighties of the last century, as they operate with old technology that does not keep pace with the progress achieved in the industrial sector, as well as the inability of the national grid to supply many factories with electrical power, and the openness of the local market to imported products, which had an impact on the lack of competition of national products in market prices and quality.”

He stressed that "the Ministry of Industry and Minerals has adopted a plan to rehabilitate and develop most companies through partnership contracts with the private sector, based on the Public Companies Law No. (22) of 1997 (amended), which regulates the work of state-owned public companies in partnership or partnership with a foreign company to implement work within its activities inside Iraq,

relying on the legal basis of partnership contracts within the aforementioned law, which gave companies the right to participate with Arab and foreign companies and institutions to implement work related to the company's objectives inside Iraq,

as well as relying on the Investment Law No. (13) of 2006 (amended), including public sector projects contracted to rehabilitate or operate with the private and mixed sector with all the advantages and guarantees included in the aforementioned law, and the law applies to projects that were contracted before the enforcement of this law."

Merger of companies

He continued, "The Ministry of Industry worked on merging companies based on Cabinet Resolution No. (360) of 2015, but most of these companies were exposed to problems and obstacles as a result of not completing their merger procedures, such as the General Company for Design and Implementation of Projects, which was established as a result of the government reform plan after the merger of three previous companies, which suffers from not completing the legal procedures for the merger,

which led to the absence of final accounts certified by the Federal Financial Supervision Bureau for the merged companies, which stipulated in the merger resolution that the rights and obligations of the three companies be transferred to the parent company."

He explained that “the termination of contracts for companies is done through the legal department in them and taking measures according to the terms of the contract against the defaulting companies, and there may be an extension of the contract period to give an opportunity to complete the implementation of the contract or terminate it,” noting that “the regulatory bodies present in the government departments audit the concluded contracts and implement them according to the plan of the Bureau and record the regulatory observations regarding them and the extent of compliance with the terms of the contracts and other laws related to them.”

Protection laws

Saleh called for "activating the Iraqi Products Protection Law No. (11) of 2010 (amended) after the changes that occurred in the Iraqi economy and opening markets to global trade and flooding local markets with foreign products similar to local production at a lower price, which led to hindering the establishment of a local industry and the loss of fair competition."

He stressed that "Iraq today is in dire need of activating customs tariff laws, as it relies in its federal budgets on oil export revenues by approximately (90 percent), and Consumer Protection Law No. (181) of 2018 must be activated as it is one of the regulations designed to guarantee consumer rights, fair trade and competition, which was designed to prevent acts related to fraud or unfair practices to obtain more advantages over other competitors, and also provides additional protection for the most vulnerable groups in society."

Aziz expressed his hope to protect the local product "in a way that guarantees support and protection of industrial projects and their ability to compete with industries in neighboring countries." https://economy-news.net/content.php?id=52910

Iraq Stock Exchange: Traded Shares Worth More Than 9 Billion Dinars

Thursday 20 February 2025 | Economic Number of readings: 271  Baghdad / NINA / The Iraq Stock Exchange announced today that the value of traded shares amounted to more than 9 billion dinars in five sessions organized during the third week of February.

According to the weekly trading indicators of the market, these sessions were organized from Sunday until Thursday of the current week, which is about to end, and with which the market closes its doors until Sunday of next week.

The number of traded shares during this week amounted to more than 8 billion shares with a financial value exceeding 9 billion dinars.

The ISX60 market trading index closed for the first session of the week at (1065.06) points, while the index closed at the end of the week at (1056.79) points, achieving a decrease of (0.78%) from its closing at the beginning of the session.

The ISX15 market trading index closed for the first session of the week at (1150.68) points, while the index closed at the end of the week at (1137.97) points, achieving a decrease of (1.12%) from its closing at the beginning of the session.

During the week, (3536) purchase and sale contracts were executed on the shares of companies listed on the market./End   https://ninanews.com/Website/News/Details?key=1187810

Oil Prices Fall As US Crude Inventories Rise

energy  Economy News – Baghdad  Oil prices fell "slightly" on Thursday after an industry report showed a build in U.S. crude inventories and as tariff concerns weighed on sentiment, reversing gains made in the previous session on worries about supply disruptions from Russia.

Brent crude futures were down 22 cents, or 0.29 percent, at $75.82 a barrel by 01:35 GMT.

U.S. West Texas Intermediate crude fell 30 cents, or 0.42 percent, to $71.95 a barrel.

In addition to rising U.S. inventories, the Trump administration’s announced tariffs on imports could weigh on oil prices by raising the cost of consumer goods, weakening the global economy and reducing demand for fuel. Concerns about European and Chinese demand have also helped keep prices in check.

But concerns about other oil supply flows limited losses. Russia said oil flows through the Caspian Sea pipeline, a major route for crude exports from Kazakhstan, fell by 30% to 40% on Tuesday after a drone attack in Ukraine on a pumping station.

U.S. crude inventories rose by 3.34 million barrels last week, market sources said on Wednesday, citing data from the American Petroleum Institute. Gasoline stocks rose by 2.83 million barrels, while distillate inventories fell by 2.69 million barrels, the sources added. https://economy-news.net/content.php?id=52908

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

Seeds of Wisdom RV and Economic Updates Thursday Evening 2-20-25

Good Evening Dinar Recaps,

HACKERS DRAIN BANK ACCOUNTS IN NEW GLOBAL ATTACK ON APPLE AND GOOGLE ANDROID DEVICES: REPORT

Hackers are reportedly draining bank accounts and stealing smartphone users’ credentials using a new and highly effective technique.

Cybersecurity researchers say criminals are now sending text messages that appear to be from banks and delivery services – with malicious PDF files attached, reports Samsung Magazine.

The PDFs either contain links that exploit security flaws and install malware or links that send users directly to fake bank websites, enticing people users to enter their login details.

Victims across the US, Germany, and the UK have already suffered financial losses after opening the fraudulent PDFs.

Researchers say people tend to trust PDFs more than links, and the method increases the chances of users falling for the scam.

Although SMS phishing and email-based PDF attacks have existed for years, the tactic of sending malicious PDFs directly via SMS texts is a new twist.

To stay safe, security experts recommend users avoid opening PDFs from unknown senders, verify messages with official sources, keep smartphones updated and use antivirus software to prevent malware infections.

@ Newshounds News™

Source:  DailyHodl

[NOTE:  Scammers and criminals are also sending text messages that appear to be from Exchanges involving your crypto assets warning of withdrawals with a phone number to call.  Do not call that number.  Only contact your exchange at a phone number you trust to report it.  Stay safe.]

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COINBASE REVEALS 6-POINT PLAN TO FIX US CRYPTO REGULATIONS

▪️Coinbase has outlined six key priorities for improving US crypto regulation.

▪️Coinbase argues that the CFTC is better suited than the SEC to regulate cryptocurrencies like Bitcoin and Ethereum.

▪️Coinbase emphasizes the need to protect DeFi and NFTs from over-regulation, while also calling for clear federal and state guidelines.

A day after Binance CEO Richard Teng praised the improving regulatory environment for crypto in the US, Coinbase’s Chief Policy Officer, Faryar Shirzad, stepped in with a bold take – outlining six key priorities to fix the country’s crypto framework.

 His timing couldn’t be more interesting. With US President Donald Trump promising to make America the “Crypto Capital,” regulations are shifting fast. About time, right?

So, what exactly does Coinbase think needs to change? And could these proposals finally bring the clarity the industry has been waiting for?

Let’s dive into the six key priorities that could shape the future of crypto in the US.

Why US Crypto Regulations Need Urgent Reform

The US crypto regulatory landscape needs major changes. While the current administration appears supportive of the industry, regulatory efforts won’t have a real impact unless key issues are addressed.

This is where Shirzad’s insights become important. In a recent blog post, he outlined six priority areas, covering everything from defining digital assets to setting clear rules for centralized crypto firms.

Six Key Priorities for Crypto Regulation

Here are the six areas Coinbase believes need immediate attention:

1. Clear Definitions for Digital Assets
The post stresses the need to properly define digital assets. A clear definition would help Congress distinguish between securities, commodities, and other digital tokens, ensuring appropriate oversight.

2. Shifting Oversight Away from the SEC
The post suggests that the Commodity Futures Trading Commission (CFTC) is more qualified than the Securities and Exchange Commission (SEC) to regulate major cryptocurrencies like Bitcoin and Ethereum—aligning with the industry’s stance in ongoing legal battles.

3. A Smarter Approach to Token Classification
Shirzad argues that not every token should automatically be classified as a security. He calls for a clear regulatory framework that allows crypto projects to raise capital without unnecessary restrictions.

4. Stablecoin Regulations for Market Clarity
With stablecoin regulation being a hot topic, Coinbase highlights the need for a clear framework to ensure transparency and stability in this rapidly growing sector.

gible tokens (NFTs). Shirzad emphasizes the need for a balanced approach to avoid stifling growth in these areas.

6. Federal and State Guidelines for Centralized Exchanges
Finally, Coinbase calls for clear regulations at both federal and state levels to ensure accountability for centralized crypto firms.

Coinbase urges lawmakers to move quickly before the US falls behind in crypto innovation. The exchange believes a well-balanced regulatory framework can protect consumers while allowing the industry to grow.

@ Newshounds News™

Source:  Coinpedia

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Evening News with MarkZ and Dr. Scott Young. 02/20/2025

Evening News with MarkZ and Dr. Scott Young. 02/20/2025

MarkZ  Update- Some highlights by PDK-Not verbatim

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=p8958NDBbCc

'Something Big Is Happening' – Is a Gold Reset Coming? | Peter Grandich

'Something Big Is Happening' – Is a Gold Reset Coming? | Peter Grandich

Kitco News:  2-20-2025

Is the U.S. secretly stockpiling gold while preparing for a Fort Knox audit?

Over 12.5 million ounces of gold have moved from London to the U.S. since November, triggering global supply shortages.

Meanwhile, Elon Musk, Rand Paul, and Ron Paul are demanding a full audit of Fort Knox—an event that hasn’t happened in over 50 years.

Could this be part of a major monetary reset?

And why does the U.S. still value its gold reserves at just $45/oz when market prices exceed $2,900/oz?

Veteran market analyst Peter Grandich shares his insights on this unfolding gold mystery. He explains who’s buying gold, what’s next for the U.S. dollar, and whether gold is about to be revalued.

With China and Russia aggressively increasing their reserves and global de-dollarization accelerating, could we see the return of a gold-backed financial system?

 Then, in a stunning turn of events—just one day after this interview was taped—President Trump announced aboard Air Force One that his administration will conduct an audit of U.S. gold reserves to “make sure it’s there.”

What could this mean for markets, the dollar, and gold’s future price trajectory?

Key Topics:

Why gold is flowing into the U.S.—who’s behind it?

Could the U.S. Treasury be preparing for a gold audit?

What happens if Fort Knox is missing gold?

Could a gold revaluation fix the debt crisis?

How are China and Russia reshaping the global gold market?

Where does gold go next—$3,500, $5,000?

00:00 Introduction: Gold Market

 01:34 US Gold Valuation and Market Dynamics

04:50 Debt and Economic Implications

08:24 Global Gold Transfers and Market Impact

11:57 Potential Fort Knox Audit Outcomes

 17:39 Global Shift Towards Gold-Backed Systems

 26:11 Investment Opportunities in Gold Mining

https://www.youtube.com/watch?v=ePYssvU1yTQ

More News, Rumors and Opinions Thursday PM 2-20-2025

Ariel:  The Odds of a Rate Change Remain High

2-20-2025

Time Is Running Out

No liquidity.
No dollar.
No revenue.
No deposits.
No withdrawals.
No market volume.

What is the next best thing to do if you plan on making it out of this financial constraint on your economy before more sanctions and more economic turmoil ensues? You change the exchange rate. Which I presume they only have days to do. Turkey is waiting on them to make decisions prior to Monday that will determine the fate of everything else contingent upon this oil export.

Majeed:  The government may resort to printing new money to cover the deficit Print new notes with small denom that has strong value

Paul Bruno:  seems to say more work needs to be done and the dinar needs to crash first. I trust him because he’s been the only voice of, not now, with reason

You can not crash your way into a new exchange rate like some unexpected hard drop in value then all of sudden this miraculous exchange rate comes in and saves the day.

A “crash” could occur if confidence in the dinar erodes due to external shocks (e.g., sanctions, oil price drops) or internal mismanagement, but it’s not a prerequisite for a rate change.

Something that is looming overhead due to their procrastination and reluctance because many will be going to prison after this. They know the corruption will come to an end. This is why they are dragging their feet and being forced into compliance.

The CBI could act preemptively to prevent such a crash by adjusting the rate based on current economic data and projections. This is why it is smart of them to do this now to avoid this. You have to know in order for you to have proper confidence in somebody else notion. You all keep riding the fence and two horses at the same time.

A crash would be destabilizing and counterproductive to Iraq’s current goals of stabilizing salaries, managing oil revenue, and avoiding public unrest. Instead, the CBI is more likely to adjust the rate proactively potentially this week or before February ends.

Based on economic necessity, oil export resumption, and fiscal pressures, as outlined in posts by Majeed and other developments we’ve discussed.

The odds of a rate change remain high (70-80% this week, 80-90% before month-end) without requiring a dinar crash.

If anything, the CBI would aim to prevent such a crash by acting decisively now. This is why the media in Iraq is now talking about introducing new currency and urging a rate change. Why? Because they want to avoid the very thing that @snwse21 claim needs to happen prior to the new exchange rate.

Source(s):
https://x.com/Prolotario1/status/1892285199461077449
https://x.com/Prolotario1/status/1892338564073213965

https://dinarchronicles.com/2025/02/20/ariel-prolotario1-the-odds-of-a-rate-change-remain-high/

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

Frank26  Article:  "New US sanctions shake Iraqi banking sector, ban use of payment cards abroad"   Lies! ...Be careful what you read.  Article:   "Al-Nusairi: No sanctions on Iraqi banks, and false reports cause panic" SETTING THE RECORD STRAIGHT ON THE MONETARY REFORM OF IRAQ...You know very well that we're very close and you know very well when you're very close they're going to try to [hide, distract, over the truth]...It's not a coincidence that their government and our government is a mirror image.  It's not a coincidence...

Fnu Lnu   One member of the Singapore Investment Group has been in San Francisco since Sunday. I finally got an opportunity to speak with her for an extended amount of time. She filled me in on some of the details...The Iraqis have proven to be less than attentive students. Learning is going slowly with some of the principles being resistant to the global methods and technical operations. She is getting these reports directly from one of the consulting group members, but would not say which one. Could be Wyman or K2...This may take a little time... Realize, an entire generation has passed so the youth have never known efficiency or the sense of urgency nor have they ever had purchasing power for the worthless currency. It is a sad situation to say the least. Meanwhile, we wait.

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

U.S. Gold Reset Incoming? - (Fort Knox Audit Could Change Everything)

Smart Silver Stackers:  2-20-2025

Recent developments suggest the U.S. government could be preparing to revalue its gold reserves, potentially increasing their book value by over $700 billion.

Treasury Secretary Scott Bessent has hinted at 'monetizing the asset side of the balance sheet'—but what does that really mean?

Could this be the first step toward a currency reset?

And why are record amounts of gold bullion flowing into the U.S.?

Join me as we explore the potential impact on gold prices, inflation, and the financial system. Don’t miss this one!

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

Seeds of Wisdom RV and Economic Updates Thursday Afternoon 2-20-25

Good Morning Dinar Recaps,

NEW SEC CYBER UNIT CLOSES CHAPTER ON AGENCY'S CRYPTO ENFORCEMENT EMPHASIS

The SEC's Republican leaders have shifted what had been a crypto-focused enforcement squad into a smaller group with a broader responsibility.

▪A new name for the U.S. Securities and Exchange Commission's former crypto enforcement unit seems to illustrate the changing approach the agency is taking toward the industry.

▪The SEC has removed "crypto" from the name of the group and backed away from the previous digital-assets-heavy focus.

The U.S. Securities and Exchange Commission unit tasked with chasing bad guys in the crypto space will be smaller and called something significantly different, the agency said Thursday, further cementing its trend away from an aggressive enforcement stance against the industry.

In three years, the same internal group has transitioned from the "Cyber Unit" to the "Crypto Assets and Cyber Unit" and now to the "Cyber and Emerging Technologies Unit," seemingly taking some focus off its crypto role.

In 2022, then-Chairman Gary Gensler's SEC announced the enforcement squad was almost doubling to 50 people. The latest announcement says it will include "approximately 30 fraud specialists and attorneys across multiple SEC offices."

"The unit will not only protect investors but will also facilitate capital formation and market efficiency by clearing the way for innovation to grow," Acting Chairman Mark Uyeda said in a statement, which also announced Laura D’Allaird as the head of the overhauled group."It will root out those seeking to misuse innovation to harm investors and diminish confidence in new technologies.”

That language sharply contrasts with the crypto-focused rhetoric from Gensler in 2022, when he said the unit would pursue "those seeking to take advantage of investors in crypto markets."

President Donald Trump elevated Republican Uyeda from his role as commissioner to run the agency on an interim basis while the U.S. Senate considers the nomination of former Commission Paul Atkins for the permanent job. Uyeda isn't sitting on his hands during the wait and has already been remaking the SEC, especially in relaxing its strong past distrust of crypto.

@ Newshounds News™

Source:  CoinDesk

~~~~~~~~

BRICS CONTINUE TO DISCUSS ALTERNATIVE PAYMENT OPTIONS TO THE US DOLLAR

The BRICS alliance continues to discuss new and alternative payment options to challenge the US dollar on the global stage. Russian Foreign Minister Sergey Lavrov confirmed that the alliance is looking to create a trans-border payment initiative.

The idea is being discussed at the initiative of Brazil, which will host the 17th summit in Rio De Janeiro on July 6-7, 2025. Brazil will chair the upcoming summit to promote reform in global governance.

BRICS vs the US Dollar: Alternative Payments Being Discussed

Suggestions to create a trans-border payment initiative are being floated by Brazil and could discuss the prospects at the upcoming summit in July. BRICS is looking for a payment settlement other than the US dollar and usher into a new global financial infrastructure.

“This is being discussed in BRICS, at the initiative of (Brazilian President Luiz Inacio). The previous summit stated a decision on the necessity of developing a proposal on alternative payment platforms through finance ministries and central banks.

Such proposals have been made, they suggest, in particular, the creation of a so-called trans-border payment initiative, the creation of a reinsurance company, and the BRICS Clear settlement and depositary infrastructure,” said Lavrov.

The summit could face challenges as US President Donald Trump has vowed to protect the dollar from the BRICS onslaught. The alliance needs to carefully navigate threats of tariffs and cuts in aid in the upcoming summit in July. De-dollarization could no longer be easy as Trump has warned developing countries of consequences if they stray away from the US dollar.

BRICS might find it harder to create a new payment system and challenge the US dollar in 2025. Trump is watching the group and could come up with tariffs that might alter the course of the alliance.

@ Newshounds News™

Source:  Watcher Guru

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Senate vote 51-49.   Kash Patel is Confirmed as Trump's FBI Director.

@ Newshounds News™

~~~~~~~~~

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5 Best Dave Ramsey Money Tips To Adopt in 2025

5 Best Dave Ramsey Money Tips To Adopt in 2025

Cara Danielle Brown   Wed, February 19, 2025  GOBankingRates

Personal finance expert Dave Ramsey has become one of America’s most trusted voices for individuals wanting to learn how to take control of their money. From paying off debt to getting on a budget, Ramsey’s guidance has helped millions become educated and empowered.

With 2025’s financial climate off to a strong yet erratic start, some are looking to the finance guru, wondering which of his money tips are most useful to adopt in real time. Here are five that could help put you on the right path.

Pay Off Your Debt

“One of Ramsey’s foundational principles is eliminating debt,” said Melanie Musson, insurance and finance expert at Clearsurance.com. “Instead of seeking out new debt, people should seek to pay off their debts and avoid borrowing more. … Avoiding debt allows you to live freely.”

Consider the current climate: Interest rates remain high at 4.25% to 4.5%, and the Fed has indicated they are in no rush to lower them. Additionally, the global economy is facing uncertainties by way of geopolitical tensions and fluctuating currency values. And, according to Federal Reserve Data from November 2024, big banks are charging the average consumer 22.8% interest on credit cards.

Failing to pay down debt at any time — but particularly in the current economy — will quite literally compound the problem.

Thomas Alessi, president at ARIES Foundation for Financial Education, supports Ramsey’s debt snowball method — a strategy where individuals pay the minimum amount on all their debts except for the smallest one, which is paid off more aggressively. When the smallest debt has been cleared, the next-smallest takes priority, and so on.

Clearing debts in ascending order is a psychological trick that gives people confidence and focus, explained Alessi. “We can start to see our way out, and it allows us to feel empowered in handling our finances.”

Cut Back on Discretionary Spending

When it comes to saving money, Ramsey advocates cutting back on non-essential spending by distinguishing between a need and a want. As a Ramsey Solutions article on his website explained, needs are essentials, like food and shelter, while wants consist of non-essentials you desire but can live without — like home upgrades and entertainment.

TO READ MORE: https://www.yahoo.com/finance/news/5-best-dave-ramsey-money-150014042.html

US Gold Audit Cover-up, What are they Hiding?

US Gold Audit Cover-up, What are they Hiding?

ITM Trading:  2-19-2025

American trend forecaster Gerald Celente, publisher of The Trends Journal, is issuing stark warnings about the future of the market and the accessibility of wealth in the United States.

In a recent interview with Daniel Cambone on ITM Trading, Celente didn’t mince words, painting a picture of an economy teetering on the brink of a major correction that will ultimately benefit gold.

One of Celente’s most provocative points revolves around the famous gold reserves held at Fort Knox.

He argues that billionaires wield significant power over access to wealth, while ordinary citizens are often kept in the dark. This sentiment underscores his broader perspective on the growing disparity between the haves and have-nots.

However, it’s Celente’s prediction of a “dot-com bust 2.0” that should truly grab investors’ attention. He believes the current market is dangerously overinflated, particularly in AI-related tech stocks like Nvidia and Meta. He asserts these stocks are significantly overvalued and are primed for a dramatic correction this year.

“There’s going to be dot com bust 2.0 that’s going to bring gold prices way up,” he emphatically states. The reasoning behind this hinges on the historical performance of gold during periods of economic uncertainty and market downturns.

Traditionally, gold acts as a safe-haven asset, benefiting from increased demand as investors flee riskier positions.

Beyond the potential tech bubble burst, Celente also points to other factors contributing to market instability. He highlights the global trend of interest rate cuts, a move often implemented to stimulate economic growth but which can also fuel inflation and asset bubbles.

He also acknowledges the unpredictable nature of international trade and the potential impact of tariffs, particularly under a potential second Trump Administration. This “wildcard” adds another layer of volatility to the already complex economic landscape.

Taken together, Celente presents a compelling case for investors to reconsider their strategies and explore avenues for wealth preservation. His prediction of a looming “dot-com bust 2.0,” coupled with the geopolitical and economic uncertainties he outlines, positions gold as a potential shield against the coming storm.

Celente’s recommendation is clear: now is the time to protect your wealth. He encourages viewers to watch the full interview on ITM Trading to gain a deeper understanding of his arguments and learn more about potential strategies for navigating the turbulent economic waters he foresees.

Whether you agree with his predictions or not, Celente’s insights offer a valuable perspective on the current state of the market and the potential risks and opportunities that lie ahead.

https://youtu.be/bmJjVWNgv50

“Coffee With MarkZ” Thursday Morning Chat 2-20-2025

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 and happy Thursday

Member: Would it be safe to put my two week notice in today?

Member: I have mine typed up and ready to go…..hope I can hit “send” this week.

MZ: the increased chatter on the bond side is awesome…more and more bond holders have checked in saying they have their dates and know what to expect over the coming weeks….…...we just need some bond holders with cash now. I have rumors that a bond holder has cash…but have not been able to confirm it.

Member: Heard anything from your contact that went to Reno?

MZ: Group side remains quiet along with the prosperity package side and the CMKX side.

MZ: Iraq is publishing more “good articles”  “Al Rafidan announces of an electronic system for tracking consumer transactions electronically”  they are modernizing things. These are a necessary step for the white paper reforms.

MZ: “Expert: Talk about lack of cash is inaccurate and what is promoted is exaggerated” this has been a common theme in Iraq as they say they are fighting a “misinformation” attack.

MZ: “Optimism about the opening of Rafidan and Rasheed Bank branches in the region-to stimulate the economy and attract investors”  they are talking about adding another 26-28 branches …They are closer and closer to their reforms.

MZ: “ The weight of gold “Iraq and gold” exceeds 600 thousand in today’s market”  Iraq has the most gold/gold smithing  in recorded human history. And it’s cranking back up. Gold smithing used to be an enormous part of the Iraqi economy. The world is fixated on gold right now.

MZ: MilitiaMan and I had a conversation yesterday and he is also hearing all this amazing news. Be sure to listen to his new video update.

Member: I heard Iraq made an announcement they will be working during Ramadan but will have a reduced workday by one hour.

Member: I wonder if all the other countries are ready to RV when Iraq does?

Member: I heard Trump says we taxpayers may get back 20% Dividends from Doge…Maybe the start of Nesara?

Member: Does anyone think the DOGE dividends will be to gray the influx of spending when the RV kicks off?

Member: DOGE is discovering enough funds to make the RV believable to the General Public ... Disclosure

Member: Will the Fort Knox audit lead to a gold back announced currency then CMKM is funded to the holders??? Could this be the spring board to a gold back announcement???

MZ: It’s possible. We may not be waiting for this audit….but I would rather it take a little longer to be done right.

Member: The big thing will be the announcement the certificates are going to revalued to the actual value of gold.

Member: MarkZ.... I saw this morning that FOREX is adding a lot of different new currency for today's release... Amazing times.

Member: Goldilocks shared forex is setting up for migration of currency this weekend

Member: I would think they can’t send us dividends until the UST, The Fed reserve, and Ft. Knox has finished auditing….

Member: IMO The reason to do a Fort Knox tour is to put everything on the blockchain. All the slippery dealings will stop because everybody will be able to see what's going on when it's on the blockchain.

Member: MarkZ... The list of flights into Reno is incredible today... VERY Heavy private flights already in the air and inbound to Reno. 25 in the air now.

Member: Thanks Mark and Mods for everything you have done.

Member: Enjoy your day fellow RV’ers….the best is yet to come

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 Thursday 2-20-2025

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 Thurs. 20 Feb. 2025

Compiled Thurs. 20 Feb. 2025 12:01 am EST by Judy Byington

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 (allegedly) 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. 2025 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 (allegedly) 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

~~~~~~~~~~~~

Global Currency Reset:

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

Tues. 11 Feb. 2024: A military Intel contact said they released everything for the Global Currency Reset at 3pm PDT on Tues. 11 Feb. 2025 to (allegedly) 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 (allegedly) 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 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. 2025 the Iraqi budget with the new Iraqi Dinar Rate was(allegedly)  ratified and expected to be published in the Gazette soon.

Wed. 19 Feb. 2025 Wolverine: “Hi guys. Certain platforms were(allegedly)  paid today. Tier4b (us, the Internet Group) should be soon.”

Tues. 18 Feb. 2025 What We Think We Know …EBS Activated With Trump on Telegram

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 fake 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.”

Read full post here:  https://dinarchronicles.com/2025/02/20/restored-republic-via-a-gcr-update-as-of-february-20-2025/

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

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

Frank26   Article: "Exporting the region's oil" on the table of Nechirvan Barzani and the Turkish Foreign Ministry"   FLOW OF OIL FROM TURKEY = A NEW EXCHANGE RATE... OR THERE WOULD BE NO FLOW!  ...You got Turkey that says, 'Ok we're going to send the oil in.'   At 1310?   No I don't think so.

Militia Man  The Development Road Project is not going away.  It's actually just picking up steam and we're seeing evidence of that...

Frank26   [Iraq boots-on-the-ground report]   FIREFLY:CBI...did deny any sanctions by the US Treasury on any Iraqi Banks or cards, saying we don't have no sanctions on any banking.  This is false news.  Iraqi citizens know who's doing this [reporting false news].  FRANK:  I figured that was what was going on.  All these rumors just didn't make any sense.  All these lies are obviously to stop what's about to happen because at the end of anything, the enemy uses desperate tactics in order to defeat goodness...IMO we will see lies and rumors everyday...just to...delay what Sudani is about to give to the citizens.  They want to prevent Sudani's monetary reform.

140K GOLD?!? What Will Happen if GOLD is REVALUED?

Silver Dragons: 2-19-2025

In this video I talk about the possibility of the gold that the USA holds being revalued. The USA apparently holds around 261.5 Million ounces of gold in their vaults.

This gold is currently valued at about $42 per ounce. What will happen if they change the valuation to $2,900 per oz? Will this cause the price of gold to go up or down?

 I talk about how in 1973 the US changed the price of gold on their book from $35 per oz to $42 per oz and did not have to sell any gold at all to do this it was simply an accounting gimmick.

The price of gold did go up 66% that year. What would happen if the US did a much larger revaluation of gold?

Would this help the USA pay off the national debt? I show how the US would need to revalue their gold to $140,000 in order to completely pay off the National Debt today.

I don't think that would happen but if they do revalue gold to $2,900 per oz I think this will weaken the dollar and cause the price of gold to go much higher.

Here is my video talking about the gold in Fort Knox and my opinion on it as well:

https://www.youtube.com/watch?v=n1dWCd0Ovnk

Iraq Economic News and Points to Ponder Thursday 2-20-25

A Government Advisor Stresses The Importance Of Gold Trade To Support The Current Account Of The Balance Of Payments

The time: 2025/02/18 12:14:47 Reading: 2 ٬ 445 times  {Economic: Al Furat News} A government advisor stressed the importance of gold trade to support the current account of the balance of payments.
 
"The adoption of advanced industrial protection policies will positively reflect on the
     quality of the national gold product and the
     stability of its prices."

He pointed out that "this step will enhance the protection of one of the most important pillars of the national and family economy, with a direct and positive impact on the current account of the balance of payments." Saleh explained that
 
"the organization of the import of non-manufactured gold and its re-export will contribute to achieving an added value to the national economy," stressing
 
"the importance of careful supervision from the competent authorities to ensure the inventory of the gold movement within the framework of an economically organized trade, with high return and rational governance."
 
The Industrial Coordination Council had approved at its meeting the day before yesterday, Sunday, the resettlement of the precious metal industry, gold and jewelry, in addition to cosmetic products, while directing to provide all the necessary facilities for those wishing to establish their factories, and
 
it was decided to
 
     monitor the quantities of gold exported abroad, through controls determining The quantities are re-manufactured,
     submit documents to the central bank that provide the value of the external quantity, and
     return the quantity yet
     Complete its manufacturing for the country, with observation from the central bank.    
  
https://alforatnews.iq/news/مستشار-حكومي-يشدد-على-أهمية-حوكمة-تجارة-الذهب-لدعم-الحساب-الجاري-لميزان-المدفوعات 

Gold Localization
 
Economic 2025/02/19  Yasser Al –Mitwalli   The government decision to localize the gold and precious metals industry is of great importance, as an important economic decisions, to consider gold, the pillar of the guarantee of the economy of any country of the collapses that may occur in periodic financial crises, and for causes of them naturally during periods of the economic cycle, and other political, as well as wars and others.
 
This decision comes consistent with what I dealt with in two previous articles published here in the "Al-Sabah" economy, as the first was titled (The forgotten wealth), in December 2024, and the second article was titled (Hedging with Gold a Safe Investment), in a month March of the same year (2024).

I was alerted to them the importance of taking advantage of global experiences in investing gold as an effective way to diversify sources of income and wealth, and as a safe alternative to the monetary reserve represented by the dollar, in order to avoid sanctions imposed by the American federalism on the countries, because it is the owner of the dollar currency, and there are many evidence and close to many of Countries.
 
This wealth has become forgotten and its page is folded after the world turned into a lack of evaluation of its currencies the size of its gold, and perhaps what brought back to mind the truth of the importance of this forgotten wealth (gold), the economic sanctions that some countries have been imposed by imposed by the great countries for various reasons, with the sanctions body Economic, and many examples available soon and not far from our current reality.
 
The nearest example that can be remembered is the embarrassing economic sanctions of Venezuela, which prevented the availability of what blocks the livelihood of its people, forcing its government to refer to the wealth of gold and act by selling it in order to confront the economic blockade that was imposed on it.
 
The expectations of economists also indicate that Russia may have to sell its gold reserves, as the last option in the face of US sanctions, if long.
 
This image became clear with the prolongation of the Russian-Ukrainian war, with the escalation of the ceiling of US-European sanctions on Russia, and Russia is also putting this possibility as the last option after the elements of confronting the siege and sanctions are exhausted. Accordingly, it seems that the
 
Iraqi government
 
     is trying to benefit from these bitter experiences, and therefore it
     decided to give the gold a priority to pay attention by localizing its industry and supporting workers in this sector as an optimal option.
 
The government's awareness of the importance of gold reserves as a guaranteed reserves in the face of emergency and critical conditions makes it offered this sector a great importance in the future. It is useful to note that
 
Iraq occupies an advanced rank in the cash gold reserves, as it is the fourth Arab and thirty globally, and by 152 tons of cash gold.
 
Perhaps the endeavor of the Central Bank of Iraq to increase the volume of Iraq's gold reserves reflects its importance in the balance and durability of the country's economy.
 
The new government initiative in localizing the gold industry will contribute to
 
     encouraging citizens to invest in gold, and
     restore the idea of ​​its acquisition of decoration and saving when needed, as
 
this decision will achieve economic feasibility by maintaining gold from exporting it abroad, providing difficult currencies as a result of imports, and providing job opportunities For unemployed youth in this profitable profession.
 
The next important step is that it is necessary to adapt and amend the laws and procedures necessary to facilitate the birth of this important industry in attracting capital, whether internal or external, which has priority to attract investors to invest in a safe and profit field.  https://alsabaah.iq/110413-.html

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