FRANK26….2-21-25……DROWNING
KTFA
Friday night conference call:
FRANK26….2-21-25……DROWNING
This video is in Frank’s and his team’s opinion only
Frank has stated he will no longer do public videos on the Iraqi dinar UNLESS it is Important, Prudent or Necessary.
Frank’s team is Walkingstick, Eddie in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
KTFA
Friday night conference call:
FRANK26….2-21-25……DROWNING
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
Some “Iraq News” Posted by Clare at KTFA 2-21-2025
KTFA:
Clare: Member of Parliamentary Finance: The failure of the 2025 budget tables to reach Parliament is hindering the work of spending {12/1}
2/21/2025
Member of the Parliamentary Finance Committee, Jamal Kojer, confirmed that the 2025 budget schedules have not yet reached Parliament.
Kocher told {Euphrates News} agency, "Despite the government's commitment to the requirements of Article 71 of the 2023 Budget Law, which obligates it to send the schedules on time annually."
KTFA:
Clare: Member of Parliamentary Finance: The failure of the 2025 budget tables to reach Parliament is hindering the work of spending {12/1}
2/21/2025
Member of the Parliamentary Finance Committee, Jamal Kojer, confirmed that the 2025 budget schedules have not yet reached Parliament.
Kocher told {Euphrates News} agency, "Despite the government's commitment to the requirements of Article 71 of the 2023 Budget Law, which obligates it to send the schedules on time annually."
Kocher pointed out that "the 2024 budget schedules cannot be voted on as an alternative to the 2025 budget, explaining that work is not being done according to Law (12/1) because the approved budget is not annual, but rather a three-year budget covering the years 2023, 2024 and 2025."
He explained that "disbursements during the year 2025 will be based on the share (12/1) of that year's budget within the time frame of the three-year budget."
Raghad LINK
Clare: New reform plans for the banking sector in Iraq
2/21/2025
The Prime Minister's Advisor for Financial Affairs, Mazhar Muhammad Salih, stressed that achieving a unified vision to study the conditions of banks in Iraq requires the integration of the national banking market within a homogeneous framework aimed at enhancing the stability of the national financial system and developing its performance in the areas of credit, digital payments, and financing economic development.
Saleh said in a special statement to {Al Furat News}, "The first vision focuses on the importance of achieving integration between national banks in a way that enhances their role in supporting the Iraqi economy, pointing out that this requires updating the financial infrastructure and adopting modern technologies to meet the requirements of the era.
The second vision, according to the financial advisor, is related to developing two comprehensive reform plans targeting the public and private banking sectors, with the aim of improving the performance of these institutions in accordance with international standards. He explained that the reform will include improving governance and financial management and enhancing transparency, which will facilitate the involvement of Iraqi banks in the global financial relations network.
Saleh added that the direct goal of banking reform is to enable Iraqi banks to deal more effectively with the outside world, ensuring economic openness and attracting foreign investments, as well as strengthening Iraq's position on the international financial scene.
This trend comes in light of the government’s ongoing efforts to develop the financial sector and enhance its role in achieving sustainable development and supporting the national economy, as banking reform is viewed as an essential step towards achieving these goals.
Raghad LINK
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Clare: European Union to {Sabah}: We praise the reforms of the Sudanese government
2/20/2025
Baghdad: Hazem Mohammed Habib
The European Union commended the economic reform plans and efforts drawn up and implemented by the government of Prime Minister Mohammed Shia al-Sudani.
The Union praised the government's balanced diplomacy to bring peace and stability to the Middle East, which contributed to establishing Iraq as a "bridge for dialogue."
The European Union Ambassador to Iraq, Thomas Sailer, said in an exclusive interview with Al-Sabah: “The EU mission and the missions of the EU member states in Baghdad are working closely with the Iraqi government to push forward fundamental reforms.”
“The European Union commends the efforts of the government of Mohammed Shia al-Sudani in this area, and encourages the authorities, including the Council of Representatives and key economic stakeholders, to accelerate the pace of reforms, particularly in developing the private sector,” he added, explaining that “strengthening this sector will not only contribute to diversifying the economy, but will also increase Iraq’s attractiveness to European investors, traders and manufacturers, thus enhancing opportunities for economic cooperation between Iraq and Europe.”
Ambassador Sailer pointed out that “the European Union is also working with the Iraqi government in the areas of combating corruption, social protection, reforming the civil and military security sector, and developing the private sector, including the banking sector and corporate legislation,” stressing that “these areas are very important for Iraq to continue building a modern economy.”
“We support Iraq in joining the World Trade Organization (WTO), which is necessary, among other things, to harmonize Iraqi laws with international standards,” he added. LINK
Clare: Trade: Prices in hypermarkets are lower than those in local markets and we will reduce them by 40 percent
2/21/2025- Baghdad
The Ministry of Commerce announced today, Friday, a plan to increase the percentage of price reductions in hypermarkets to more than 40 percent, while indicating that all materials entering the hypermarket are subject to Iraqi specifications.
The Director General of the General Company for Foodstuff Trading at the Ministry of Trade, Lama Hashem Al-Moussawi, said in a statement to the official agency, which was followed by (Mawazine News):
“The hypermarket project and its locations came based on the directives of Prime Minister Mohammed Shia Al-Sudani in light of the government program based on services, as the project is primarily a service for citizens to control the prices of food and household goods,” noting that “the prices of materials are under the supervision and audit of the public sector, and also at competitive prices that serve the citizen, and whoever walks around the hypermarket will see the prices lower than their counterparts in local markets from 20% to 25%.” LINK
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Clare: Reuters: Trump administration gives Iraq a choice between quickly resuming Kurdish oil exports or facing sanctions
2/21/2025 Baghdad Today - Follow-up
The United States of America threatened, today, Friday, February 21, 2025, the federal government in Iraq with sanctions if the Kurdistan Region's oil exports are not resumed quickly.
Reuters quoted sources as saying: “The administration of President Donald Trump asked Iraq to resume (Kurdish) oil exports quickly or face sanctions alongside Iran.”
The sources added, according to Reuters, that "Washington believes that Kurdish oil sales may help reduce crude prices and compensate for the decline in Iranian supplies."
Oil Minister Hayan Abdul Ghani revealed on Tuesday that Iraq had sent a delegation from the ministry to the Kurdistan Region to agree on a mechanism for delivering the region’s oil and exporting it through the Turkish port of Ceyhan.
The Minister of Oil explained that he had contacted the Minister of Natural Resources in the region, Kamal Mohammed Saleh, to negotiate with the delegation about the mechanism for receiving and exporting oil through the Turkish port of Ceyhan.
This came a day after Iraq accelerated the expected date for the resumption of oil exports from Kurdistan, as the federal oil minister said last Monday that oil exports from the Kurdistan region could resume within just a week.
It is noteworthy that the President of the Region, Nechirvan Barzani, announced a few days ago that the resumption of shipments will likely take place next March.
Iraq exports between 400,000 and 500,000 barrels per day from fields in the north of the country, including the Kurdistan region, via the now-defunct Iraq-Turkey pipeline.
Oil Minister Hayan Abdul Ghani said earlier this month that at least 300,000 barrels per day of crude were planned to be moved once operations resumed.
In Iraqi Kurdistan, oil production ranges between about 280,000 and 300,000 barrels per day, and the regional government estimates its needs for domestic consumption - including power generation - at about 110,000 to 120,000 barrels per day. LINK
Bruce’s Big Call Dinar Intel Thursday Night 2-20-25
Bruce’s Big Call Dinar Intel Thursday Night 2-20-25
Transcribed By WiserNow Emailed To Recaps
music. welcome everybody to the big call tonight. it's Thursday, February 20th , and you're listening to the big call. Thanks everybody for tuning in wherever you're located around the globe. We're happy to have you here. And I think we're gonna have a really good call tonight, appreciate everybody making it in. And let's do this as we call it open, prayer.
All right, let's go to Intel. Let's cut to Intel. Thank you, Bob. Very much. Appreciate everything tonight. Excellent. All right, guys, here's the deal. I'm going to start with one of the last things that I got today this evening, and that was that redemption center leaders are to have received for this past 830 now Eastern and email at 830 tonight, Eastern Time that would tell them whether or not they should go into the redemption centers tomorrow morning or Saturday morning. Tomorrow morning, probably, and I don't know what time, but I would suggest eight, 830 in the morning or Saturday morning. Now keep that in your near memory.
Bruce’s Big Call Dinar Intel Thursday Night 2-20-25
Transcribed By WiserNow Emailed To Recaps
Welcome everybody to the big call tonight. it's Thursday, February 20th , and you're listening to the big call. Thanks everybody for tuning in wherever you're located around the globe. We're happy to have you here. And I think we're gonna have a really good call tonight, appreciate everybody making it in. And let's do this as we call it open, prayer.
All right, let's go to Intel. Let's cut to Intel. Thank you, Bob. Very much. Appreciate everything tonight. Excellent. All right, guys, here's the deal. I'm going to start with one of the last things that I got today this evening, and that was that redemption center leaders are to have received for this past 830 now Eastern and email at 830 tonight, Eastern Time that would tell them whether or not they should go into the redemption centers tomorrow morning or Saturday morning. Tomorrow morning, probably, and I don't know what time, but I would suggest eight, 830 in the morning or Saturday morning. Now keep that in your near memory.
The other things that we're hearing are that things are moving well for bond holders, I heard that their emails were to go out today. I have not absolutely confirmed it, but I think they did finally go out.
But even if they didn't, they're getting ready to send those out. We know the pay masters accounts have been hydrated, and now they're ready to fund those bond holders accounts with the money so they can be notified that they have access to their funds in their bond holders accounts.
Now, in a related subject, we know who the security force is back out in Reno Sparks, Reno airport, and we know they're getting three flights an hour in and three flights an hour out of Spark Reno airport. And we also know that, oh gosh, I'm going to say two, two years or more ago, that in one of the larger buildings there, let's call it a hanger. I think it was a hanger were steel shelves that went 35 feet tall, 220 feet long, along one wall that were full of USTN shrink wrapped money, our new currency, our new physical United States Treasury notes
And today we heard from one of our contacts out there that money is moving right under our noses. And I think that, I think that is a way to say that the physical USTN currency is moving from, let's call it the sparks Reno airport - Let's call it the Treasury location that's on the Paiute reservation that it may be moving and being transported to where it needs to go.
Now I know redemption centers received additional USTN currency yesterday and today. Yesterday was Wednesday, today's Thursday. So they've received additional shrink wrap bundles of our new USTN currency in addition to what they already had a year and a half ago - The redemption centers and banks received this currency a year and a half ago.
This was to add to what they had at the redemption centers. I don't know that they need it anymore at the banks, but I know the redemption centers, which is what we're most interested in, as you know, is what those are, what received additional deliveries of those currency, new USTN currencies yesterday and today.
Now I can tell you why I think that is because, remember, a little while ago, I told you guys, they don't want us to take more than $500 in our new cash, our new folding money - USTN folding money. Well, they just upped that a couple of days ago to, well, we don't want you to take more than 3000 you can take a little bit more, maybe, if you really insist, but they want to try to keep us now to about no more than $3,000 In cash that would come out of our total at the time of our appointment, redemption of Zim and cashing or exchanging our currencies. So that's something that is interesting, that change.
The other thing that we're looking at is, what is the timing for us? We have one source so far that is confirming that we will get notified Saturday and exchange starting Monday of this coming week.
Now that's one source I don't have it confirmed from any of our normal, regular sources. They're all saying it's close. We could be notified over the weekend. Well, Saturdays part of the weekend, in it we should be notified over the weekend and blah, blah, blah, but nobody is committing to a day.
Now look at this. If the redemption center leaders that I just talked about got that email at 830 tonight, and it says, come in tomorrow morning. Okay, what if it says don't come in Friday, but Saturday morning, that looks pretty good for us to get notifications on Saturday and start on Monday. We shall see.
I think that could be the case. Listen, if it if they go in tomorrow and we get notified tomorrow, so much the better, right? We will take it. So I don't know which is going to be, but I like either one, either one to win.
All right, so keep that in your mind. Now, let's cut to some really good information that I heard, oh, yesterday, and a little bit the day before yesterday, but I didn't want to call Tuesday night, but I do want to bring it out tonight. Many of you guys have seen in the social media and on TV about some getting what they are calling a dividend, but the real title is going to be Treasury - backslash IRS - Treasury slash IRS - Oh, shoot. I can’t think of the final word, it's not dividend, it's not payout, but it's something else - I’ll think of it before we stop - It's basically like a dividend - I our US Treasury slash IRS savings account, if there is one, that's what they're calling it.
And this is coming from monies that Elon Musk and his Doge team are gaining back from for us, from all of the waste, fraud, abuse that they're finding in gov agencies such as USAID, which USAID is not US AID
It stands for the United States Agency for International Development, sounded like a good idea in the beginning years and years ago, but it's probably corrupted, and it's probably going to be completely shut down. That's my instinct on it.
But the monies that are coming, this is what Elon Musk said today on news, on an interview that I watched the entire thing on - he said approximately 20% of what they're recouping is gonna go to pay, to pay to the American people, the American citizen and the other, another 20% of what they regain will be going to pay the national debt. So that's what they're saying. They're going to do with it.
Now, those of us who know that this 36 $37 trillion national debt was tied to the USA Corporation. I'm not sure that we have to pay that back.
I believe the corporation has been dissolved, and maybe we have to pay it to someone, but maybe we don't too but this money that we're going to be getting is supposed to be approximately $5,000 per month for 12 months, for anyone aged, it's a US citizen. That's age 32 and older. Now I heard another thing that I want you guys to understand I'm giving you what I'm hearing.
This is my disclaimer. I'm telling you what I'm hearing, and I can't absolutely say I have it verified by maybe more than two sources. Right now, if you're 65 years and older, you should get $7,500 a month for 12 months.
Okay, this amount that we're going to receive, if you're on Social Security, you'll get it in your Social Security bank account. It's not Social Security, though. It's this dividend. I hate to use that word. It's not the right word. That's what this coming from - from the Treasury.
They - if you have a bank account, which most of us do - it's going to come to the bank account they have on record for you by your social security number. That's how they know it's you and it's going to you. So they're saying the average is going to be $5,000 a month when you're 65 and older, some of us are it's supposed to be 7500 a month.
Another 50% increase. So hey, that's a pretty good deal. This is not a replacement of restitution and reconciliation allowance R and R. This is not the Social Security increase. It's something completely different.
And I have heard notices my disclaimer, this is what I've heard, and I hope it's true that it's supposed to come in our first payment of this is supposed to come to our bank accounts by direct deposit over this weekend or very early next week.
Now think about the timing for this, this money is coming to every US citizen, 32 years of age and older. Why 32 because they want you to have worked and pay taxes for about 10 years, and their starting age is 32 until you're 100 years old.
Now, what really interesting is I look at the big picture - why are they doing this and why are they doing it right now? Why are they doing it this weekend? We believe, because if we get our numbers Saturday, we begin our exchanges, Monday, Tuesday, it's supposed to be Monday if we get notified Saturday, and guess what?
The entire country is being hydrated financially, everybody is going to have some money, and it's not going to look so strange for us to be going into redemption centers. Some people that are not informed, because they're not all might go to banks.
Basically everybody's going to have money. This is a cover for us going our exchanges and redemption of Zim. It's kind of giving us cover to go, I think that's another reason why this $5,000 payment is coming this weekend. Or very early next week
Or are you guys with me? You see what I’m saying? I think it's really, really interesting, and I've got to thank Elon Musk and his team of geniuses, up to 100 people working with him to find this waste, fraud and abuse in our government, and I have to thank President Trump. And I heard President Trump speak today at CPAC in the DC area. They're not saying in Washington, they're saying in the area. So I'm aware it's being held, but I heard a lot of the people that were there.
Now there's one thing that was said there today, that I thought was true, tremendous and a really good idea. They plan to have a garden of statues to denoting the leaders in our country through the years. These will be statues, and a be made of bronze, or what they'll be made of – that was not discussed. But these statues are going to highlight a lot of people in history.
Now this is Black History month, February, and President Trump did a really good job of bringing out the importance of black leaders in this country, going all the way back to Civil War days and bringing us up to modern days. He had Tiger Woods there at the C pack. He's a big supporter of Trump, and he's, you know, President Trump talked about everybody that he was talking about that was going to be in this garden of statues, most of them, I believe, have passed away.
And Tiger, I don’t know if you want to be in this garden yet or not. And tiger said, no, no, that's okay, but you've got very famous Rosa Parks. You've got Greda Scott King, you guys know all of the black leaders, the women and men will be in there. It's going to be a great thing.
And I heard two things. I've heard that President Trump said they're narrowing down the states that want to have the garden. It's only one. But then I heard tonight, there might be as many as six or eight of these in various states in the United States. Oh, that's great, too. That's fine. Frederick Douglass, gosh, there's so many leaders, white leaders too, and I hope it's well balanced, and I'm sure even number black and white leaders through history that that would be recognized with these statutes.
I was very proud of the black leaders groups that were there fat CPAC today, especially you guys remember the head of Housing and Urban Development, HUD, right, and we have a new leader for HUD. And he said, I can't remember his name. He came up and spoke very strong. You can tell he was a believer in Christ, and he said very favorable things about Trump and about what was going on people in America, as far as the benefit of having voted for Trump at the highest the highest number of black and Latino votes we've ever had a Republican nominee. It went on and on, and it was really very positive.
And I'm excited about rebuild America. I'm excited to have black and white male and female leaders working with us throughout the country. Very excited about that.
So we're looking for notifications. I hope by Saturday, that'll tell us that we can set appointments for as as soon as Monday, appointments to start exchanges as early as Monday. Now realize this, I only have that confirmed from one source, but I do have the redemption center leaders going in either tomorrow or Saturday.
Well, I'm hoping, I'm hoping it's either one, right? And we get notified as but keep an eye on your bank account balance over the weekend to see if it's 5000 or if you're 65 and over, see if it's 7500 coming in over the weekend or very early next week. It could be next week.
But when they discuss this yesterday, and I saw it referenced on Newsmax, and we've heard it's all over social media, and they're calling it 5000 or saying more. Well, the way I look at is this is a bonus. It's not R and R, the R and R is not affected by it, but this is a trial run for R and R. It's a trial run. They want to see who is going to receive these citizens are not 120 years old, because we don't have any that old.
But however old our citizens are, they want to see who they are and make sure they receive these, these the benefit of this payment. And this is a trial room to see if people that don't receive this, if they start complaining and saying, I didn't get money, let's get though I didn't get my Well, guess what?
They're going to find out who additional illegal immigrants are to this country, and they will weed them out and return them to their country of origin. So this is kind of a two fold experiment to do this, and it's one year.
Let's say you get the 5000 let's say you're 50 years old and you get five - five grand times 12 is 60,000 that's a nice annual payment to you. I mean, it sounds like I don't even know what I don't know. Say what it sounds like. But if you're 7500 a month times times 12, if my math is right, that's $90,000 a month. I mean, a year, 9000 for the year.
So this does not affect our restitution, reconciliation allowance, R and R is not the increase that we anticipate in Social Security. Now I can't tell you when the increase of social is to happen. We were hoping to hear that tonight from our Soc Sec contact, but we don't have it for the big call tonight.
Sorry to say, I'm excited for all of us, because this is showing the direction that we're going in. We're, you know, Elon Musk and his team is absolutely making a huge difference in all of our lives. Is doing the right thing by refunding this money back to the citizens, the taxpayers who paid these taxes.
Okay, so with the very, very positive thing, if you don't see the benefit of it, you need to, you need to be able to see it, it will be a stimulus. Even though it's not being called a stimulus, it will stimulate the honey. A lot of people will save us money. A lot of people will spend it or do both.
I'm hoping this is just the first roots of the R and R of the RV happening this weekend. If we get the notifications, we'll get started very early next week with exchanges I'm hearing Monday. So let's see what happens. And I just wanted you guys to hear that.
And I had five confirmations about the 5000 I saw it myself. I saw Elon Musk talking about it, and when they talk about it, or when Trump talks about something like this, it's already happened. It's already a done deal. And we're looking to see if it pops this weekend, which I've heard come over the weekend, but if not, early next week.
And if you don't have a bank account, and you're a true US citizen, you will get a check in the mail, probably certified mail to you. And now that could take a little bit of mailing time that could take - It's not coming FedEx. It should become a certified mail. So I don't know when those are going to go out. Maybe go out Friday? Saturday? Who knows? Maybe they go out Monday, but the direct deposits – which you guys know can happen very instantly that is supposed to occur over the weekend. I’m very excited for all of this We're excited for this. I'm excited to get us with our blessing, with our projects
All right, so that's what I wanted to cover today, and I just couldn't wait to tell you guys about this. US Treasury slash IRS rebate. Thank you, Lord. I ask you, rebate is what it's being called. US Treasury slash IRS rebate. It's not a tax refund.
This is a rebate, and it's because taxpayers have been paying monies in that have been abused and used and all that that Elon Musk are grabbing back, taking back, or recouping this, and this is part of what you're going to be receiving.
All right, so that's what I wanted to say. It is considered a rebate. So that's the term that should be on the memo if they're on a direct deposit, and something to that effect should be there for the physical checks that go out certified mail.
All right, so let's go ahead and thank everybody for listening to the call. Let's have a great weekend. Let’s look forward to emails. Let's also look forward into our accounts to see the funds that should have come in over the weekend or early next week from this rebate. And let's get excited about the blessing that's on its way here.
So thank you sue. Thank you Bob. Thank you GCK and Jeannie and Pastor Scott continued healing. Thank you everyone, all the satellite team, for getting a signal out all over the world. And thank you big call universe for listening as we're in our 14th year of the big call.
Have a great weekend. Not sure if we'll have a call Tuesday, but check in just in case, because it could be a celebration call. All right, we'll see what happens between now and Tuesday. All right, everybody. Have a great weekend, and we'll talk to you soon. God bless you.
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Seeds of Wisdom RV and Economic Updates Friday Afternoon 2-21-25
Good Afternoon Dinar Recaps,
EXCLUSIVE: U.S. PILES PRESSURE ON IRAQ TO RESUME KURDISH OIL EXPORTS, SOURCES SAY
▪️U.S. pressures Iraq to restart pipeline to Turkey, halt Kurdish oil smuggling to Iran - sources
▪️Iran views ally Iraq as vital to keeping its economy afloat
▪️Kurdish oil export resumption faces technical and payment hurdles
▪️Restart could raise questions about Iraq's OPEC+ compliance, analysts say
DUBAI/BAGHDAD/WASHINGTON, Feb 21 (Reuters) - U.S. President Donald Trump's administration is piling pressure on Iraq to allow Kurdish oil exports to restart or face sanctions alongside Iran, eight sources with direct knowledge of the matter told Reuters.
Good Afternoon Dinar Recaps,
EXCLUSIVE: U.S. PILES PRESSURE ON IRAQ TO RESUME KURDISH OIL EXPORTS, SOURCES SAY
▪️U.S. pressures Iraq to restart pipeline to Turkey, halt Kurdish oil smuggling to Iran - sources
▪️Iran views ally Iraq as vital to keeping its economy afloat
▪️Kurdish oil export resumption faces technical and payment hurdles
▪️Restart could raise questions about Iraq's OPEC+ compliance, analysts say
DUBAI/BAGHDAD/WASHINGTON, Feb 21 (Reuters) - U.S. President Donald Trump's administration is piling pressure on Iraq to allow Kurdish oil exports to restart or face sanctions alongside Iran, eight sources with direct knowledge of the matter told Reuters.
A speedy resumption of exports from Iraq's semi-autonomous Kurdistan region would help to offset a potential fall in Iranian oil exports, which Washington has pledged to cut to zero as part of Trump's "maximum pressure" campaign against Tehran.
The U.S. government has said it wants to isolate Iran from the global economy and eliminate its oil export revenues in order to slow Iran's development of a nuclear weapon.
Iraq's oil minister made a surprise announcement on Monday that exports from Kurdistan would resume next week. That would mark the end of a near two-year dispute that has cut flows of more than 300,000 barrels per day (bpd) of Kurdish oil via Turkey to global markets.
Reuters spoke to eight sources in Baghdad, Washington and Erbil, the capital of Iraqi Kurdistan, who said that mounting pressure from the new U.S. administration was a key driver behind Monday's announcement.
All of the sources declined to be named due to the sensitivity of the issue.
Iran views its neighbor and ally Iraq as vital for keeping its economy afloat amidst sanctions. But Baghdad, a partner to both the United States and Iran, is wary of being caught in the crosshairs of Trump's policy to squeeze Tehran, the sources said.
Trump wants Iraqi Prime Minister Mohammed Shia al-Sudani to sever economic and military ties with Iran. Last week, Reuters reported that Iraq's central bank blocked five more private banks from dollar access at the request of the U.S. Treasury.
Iraq's announcement on export resumption was hurried and lacked detail on how it would address technical issues that need to be resolved before flows can restart, four of the eight sources also.
Iran wields considerable military, political and economic influence in Iraq through its powerful Shi'ite militias and the political parties it backs in Baghdad. But the increased U.S. pressure comes at a time when Iran has been weakened by Israel's attacks on its regional proxies.
CURB SMUGGLING
With the pipeline taking Kurdish crude to the Turkish port of Ceyhan closed since 2023, the smuggling of Kurdish oil to Iran by truck has flourished. The U.S. is urging Baghdad to curb this flow, six of the eight sources said.
Reuters reported in July that an estimated 200,000 barrels per day of cut-price crude was being smuggled from Kurdistan to Iran and, to a lesser extent, Turkey by truck. The sources said the exports remained at around that level.
"Washington is pressuring Baghdad to ensure Kurdish crude is exported to global markets through Turkey rather than being sold cheaply to Iran," said an Iraqi oil official with knowledge of the crude trucking shipments crossing to Iran.
While the closure of the Turkish pipeline has prompted an uptick in Kurdish oil smuggling via Iran, a larger network that some experts believe generates at least $1 billion a year for Iran and its proxies has flourished in Iraq since al-Sudani took office in 2022, Reuters reported last year.
Two U.S. administration officials confirmed the U.S. had asked the Iraqi government to resume Kurdish exports. One of them said the move would help to dampen upward pressure on oil prices.
Asked about the administration's pressuring of Iraq to open up Kurdish oil exports, a White House official said: "It's not only important for regional security that our Kurdish partners be allowed to export their own oil but also help keep the price of gas low."
There has been close military cooperation between authorities in Kurdistan and the United States in the fight against Islamic State.
Trump's restoration of the "maximum pressure" campaign on Iran was one of his first acts after returning to office in late January. In addition to efforts to drive Iran's oil exports to zero, Trump ordered the U.S. treasury secretary to ensure that Iran can't use Iraq's financial system.
Trump also came into office promising to lower energy costs for Americans. A sharp drop in oil exports from Iran could drive up oil prices, and with it the gasoline price worldwide.
The resumption of Kurdish exports would help offset some of the loss to global supply of lower Iranian exports, but would cover only a fraction of the more than 2 million bpd of crude and fuel that Iran ships. However, Iran has proven adept in the past at finding means to circumvent U.S. sanctions on its oil sales.
Ole Hansen, head of commodity strategy at Saxo Bank, said the restart of exports from Kurdistan could help increase global oil supplies at a time when output was disrupted from other regions, such as Kazakhstan, where exports have dropped this week following a Ukrainian drone attack on a major pipeline pumping station in southern Russia.
"At this point in time, I believe the market has adopted a relatively neutral but nervous stance on crude oil prices," he said.
HURDLES TO RESTART
The pipeline was halted by Turkey in March 2023 after the International Chamber of Commerce (ICC) ordered Ankara to pay Baghdad $1.5 billion in damages for unauthorized exports between 2014 and 2018.
There are still unresolved issues around payment, pricing and maintenance, the sources told Reuters. Two days of talks in the Kurdish city of Erbil this week failed to reach agreement, sources said.
The federal government wanted exports to restart without making commitments to the KRG on payments and without clarity on the payment mechanism, a source familiar with the matter said.
"We can't do that. We need clear visibility on guarantees," the source said.
Oil companies working in Kurdistan also have questions over payments.
Executives from Norwegian firm DNO (DNO.OL), opens new tab told analysts on Feb. 6 that before agreeing to ship oil through the pipeline to Ceyhan they wanted to understand how the company would be paid for future deliveries and how it would recoup $300 million for the oil it had delivered before the pipeline was shut.
Turkey has yet to receive any information from Iraq on the resumption of flows, Turkish Energy Minister Alparslan Bayraktar told Reuters on Wednesday.
A restart could also cause issues in OPEC+, or the Organization of the Petroleum Exporting Countries plus Russia and other allies, where Iraq has been under pressure to comply with its pledge to reduce its output. Additional supply from the Kurdish region could put Iraq over its OPEC+ supply target.
An Iraqi official said it was possible for Iraq to restart the pipeline and remain compliant with OPEC+ supply policy.
Giovanni Staunovo, a commodity analyst at investment bank UBS, said the overall impact of the resumption could be muted.
"From an oil market perspective, Iraq is bound to the OPEC+ production deal, so I wouldn't expect additional production from Iraq in case of a pipeline restart, but just a change in the way it is exported (currently, among others, using trucks)," he said.
@ Newshounds News™
Source: Reuters
~~~~~~~~~
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Economist’s “Gold News and Views” 2-21-2025
‘We’re Going to Go Into Fort Knox to Make Sure the Gold Is There’
Arcadia Economics: 2-21-2025
You might have a hard time believing this. But apparently one of the truly unthinkable events of the gold market is happening, as Donald Trump has just announced that he's going to audit the Fort Knox gold.
Donald Trump has made a surprising announcement that has reverberated through the gold market and financial circles: he plans to audit the gold reserves held at Fort Knox.
The statement, made during an interview on Air Force One, has sparked a mixture of excitement, skepticism, and outright disbelief.
‘We’re Going to Go Into Fort Knox to Make Sure the Gold Is There’
Arcadia Economics: 2-21-2025
You might have a hard time believing this. But apparently one of the truly unthinkable events of the gold market is happening, as Donald Trump has just announced that he's going to audit the Fort Knox gold.
Donald Trump has made a surprising announcement that has reverberated through the gold market and financial circles: he plans to audit the gold reserves held at Fort Knox.
The statement, made during an interview on Air Force One, has sparked a mixture of excitement, skepticism, and outright disbelief.
For decades, whispers and conspiracy theories have swirled around Fort Knox, the heavily guarded United States Bullion Depository in Kentucky. These theories, often fueled by a lack of transparency and infrequent comprehensive audits, claim that the gold is missing, significantly less than reported, or even completely gone.
Trump’s promise to “go into Fort Knox to make sure the gold is there” taps into these existing anxieties.
The last full audit of Fort Knox was conducted in 1953, although smaller, sporadic audits have taken place since then. Critics argue that these smaller audits are insufficient to definitively confirm the presence and quantity of the gold.
Donald Trump’s promise to audit Fort Knox has ignited a long-simmering debate about the security and integrity of the U.S.’s gold reserves.
Whether this will be a genuine effort to provide transparency and instill confidence or a political maneuver remains to be seen. However, the implications for the gold market and the global perception of U.S. financial stability are undeniable, and the world will be watching closely to see what unfolds.
We're venturing into some truly unchartered territory here, and to find out what happened, click to watch the video now!
Secret 'Gold Tunnel' to New York Fed? "Military, Take Charge!" Mike Maloney
2-21-2025
Could there be a hidden tunnel linking major vaults in the heart of New York’s financial district?
In this eye-opening episode, Mike Maloney dives deep into the growing calls for a full-scale audit of U.S. gold reserves - covering everything from Fort Knox to the Federal Reserve.
Discover why massive gold inflows to the United States are sparking alarm bells, hear the shocking truth about ‘paper’ gold versus real bullion, and learn why the silver market might be poised for an even bigger squeeze.
If you care about sound money, transparency, and the future of precious metals, this is a must-watch. Watch now and join the conversation about who truly owns America’s gold - and why the military might need to step in.
Trump Announces Audit of $400 Billion in Gold Held at Fort Knox, Elon Musk Wants to Livestream It
Lena Petrova: 2-21-2025
Coffee with MarkZ and Mr. Cottrell. 02/21/2025
Coffee with MarkZ and Mr. Cottrell. 02/21/2025
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: TGIF and hello to all fellow RV’ers
Member: GM Mark, Mods and Dinarians! Is this our weekend?!
Member: This weekend would be perfect for an RV……
Coffee with MarkZ and Mr. Cottrell. 02/21/2025
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: TGIF and hello to all fellow RV’ers
Member: GM Mark, Mods and Dinarians! Is this our weekend?!
Member: This weekend would be perfect for an RV……
Member: Any minute would be perfect ….imo…..just do it please!
Member: Someone said that the RV won’t happen until Elon goes to fort Knox to see about the gold… I don’t know if that’s true or not
Member: I have a feeling they are already investigating Ft Knox…..Can’t wait to hear what they find.
Member: There's 2 scenarios with Fort Knox, ,maybe 3….if the fort is stacked with gold vs. empty of Gold vs. just missing some gold ?
Member: or full of lead bars painted gold?
MZ: “Trump says we are going into Ft. Knox to make sure the gold is there” I think this may be the perfect way to handle this is to take Ron and Rand Paul with them…they deserve their day in the sun.
MZ: Trump also said “The gold is the property of the American people. I sure hope it is still there?”
Member: No gold= fiat crash
MZ: Exactly.
Member: Hey Mark did you see the article posted on CBI yesterday stating they gave licenses to 3 currency exchange companies?
MZ: Also the CBI site is having many issues. Looks like it’s going through a major upgrade? Are they getting ready for something?
MZ: We do know for a fact that the Iraqi Parliament Speaker if the house is in Washington DC and meeting with the Iraqi division and the US department of state. Is it RV related-We don’t know? My guess is it has to do with removing Iranian influence as quickly as possible. And, being energy independent from Iran.
Member: (From dinar Guru) Mnt Goat : Remember the CBI told us that January is the most optimistic to revalue the dinar with any substantial change in value. Why? It is because of the accounting practices and it is MOST convenient to begin a new fiscal year clean with a new rate. Remember we may be already into February but we know they just passed the amendment to the budget law and so they have not yet even opened the 2025 budget. So there still can be a rate change coming...
MZ: I have to agree with this one and there could definitely still be a rate change coming.
MZ: “New reforms planned for the banking system of Iraq” They are still updating and upgrading it.
MZ: “ Iraq and UN discuss international cooperation mechanisms to recover smuggled funds” Remember you have to clean up the past so you can reset …we are watching it happen
Member: Same with the US…..The Trump team is auditing everything …cleaning up corruption. We will be very happy that things will be safe and secure when we have exchanged.
Member: Old proverb. “You shouldn’t put new wine in an old wineskin”
MZ: Many nations around the world right now are cleaning up past corruption and grift. Getting ready to reset their systems.
MZ: “ Doug Casey on the coming monetary reset and Trump’s impact on gold and the dollar” Doug even gives some insight in to past financial resets . there are many examples in history of past resets of our financial system.
MZ: The biggest reset was in 1933 when Roosevelt confiscated our gold from US citizens at $20.50 an ounce and revaluing gold at $35 an ounce. There was a reset in 1913 when the federal Reserve took over. 1971 was definitely a reset when Nixon took us off of the Gold Standard. At some point all resets go back to having precious metals backing the currency.
Member: Gold is the only Constitutional "money" the rest is just "currency" not money. There is a vast difference between money and currency!
MZ: “ Despite Iranian denials . Washington delegation to arrive in Baghdad soon to start negotiations with Tehran” Iraq is setting up a negotiating table for a Iran and US “sit down” . Get ready to watch peace suddenly break out across the globe.
Member: Any news from historic bond holders or redemption center staff?
Member: Are your redemption people working this weekend?
Member: My bank is doing a server maintenance on sat 22, thru Monday. I’ve never seen them do that before. Don’t know if it means anything
Member: The Wells Fargo Local Branch Manger Left For The Wealth Manager Position At The Incline ($) Village Wells Fargo Branch. Something Big Us Coming, & Soon
Member: Really praying that taxes go away before April 15th this year.
Member: Abolishing the federal income tax will save families roughly between $5,000 to $20,000 a year depending on earned income. But the real savings comes from the domino effect this will have on everything
Member: any news on the Venezuelan Bolivar?
MZ: Still hearing it’s in the first basket.
Member: I wonder -could the doge checks going out to taxpayers be a good cover to release the rv? Everyone getting $$ and that could distract??
Thanks Mark, Mods, and Mr. C…..see everyone tomorrow AM.
Mod: NO PODCAST TONIGHT…. THANK YOU ALL FOR JOINING. HAVE A BLESSED NIGHT! SEE YOU ALL IN THE MORNING FOR COFFEE @ 9:45 AM EST ~ UNLESS BREAKING NEWS HAPPENS!
Mr. Cottrell joins the stream today . Please listen to the replay for his information and opinions.
THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY
FOLLOW MARKZ : TWITTER . https://twitter.com/originalmarkz?s=21. TRUTH SOCIAL . https://truthsocial.com/@theoriginalm...
Mod: MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM
MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/
Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, medical opinions or many guests on this stream……just RV/currency related topics.
ZESTER'S LINK TREE: https://linktr.ee/CrazyCryptonaut
News, Rumors and Opinions Friday 2-21-2025
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 Fri. 21 Feb. 2025
Compiled Fri. 21 Feb. 2025 12:01 am EST by Judy Byington
Judy Note: US Dollar Collapse = Global Currency Reset
A Black Swan Global Financial Crash Black Swan Event would be guaranteed if the Trump/Musk DOGE Audit found that 8,133 tons of gold wasn’t sitting at Fort Knox, the New York Fed and Denver Mint to back the US Dollar.
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 Fri. 21 Feb. 2025
Compiled Fri. 21 Feb. 2025 12:01 am EST by Judy Byington
Judy Note: US Dollar Collapse = Global Currency Reset
A Black Swan Global Financial Crash Black Swan Event would be guaranteed if the Trump/Musk DOGE Audit found that 8,133 tons of gold wasn’t sitting at Fort Knox, the New York Fed and Denver Mint to back the US Dollar.
The Black Swan Event: US Financial Collapse if Musk Audit Finds No gold at Fort Knox, New York Fed, Denver Mint
The corrupt independently owned by foreign bankers’ Federal Reserve REFUSES an audit, while China and BRICS nations hoard gold to CRUSH the U.S. dollar. If the gold is GONE, America is DOOMED!
The U.S. government claims to hold 8,133 tons of gold in Fort Knox, the Denver Mint, and the New York Fed—but when was the last real audit? 1953! That’s over 70 YEARS AGO! Since then, trillions have been printed, markets manipulated, and the elites have been hoarding gold while refusing to prove America still has any.
The Federal Reserve won’t allow a transparent audit. They claim “inspections” are enough. But do you trust the same bureaucrats who print money out of thin air and manipulate inflation numbers? Ron Paul doesn’t—and neither should YOU. If the gold is gone, the dollar is worthless.
Why Now? Because China, Russia, and BRICS nations are stockpiling gold at record levels, preparing to REPLACE the U.S. dollar with a gold-backed alternative. Meanwhile, America is drowning in debt, corruption, and financial lies. If the dollar collapses, gold will be the only real asset left. But if America’s gold is GONE, we’re S*****D.
The main stream media won’t touch this. They protect the same elites who profit from keeping you in the dark. What if the gold has already been sold, leased, or used to prop up foreign governments? What if the reserves are nothing but IOUs and paper promises? No one knows—because the system is built on secrecy.
If America’s gold is gone, the collapse will be catastrophic.
~~~~~~~~~~~
Possible Timing:
In 1933, the U.S. declared bankruptcy and pledged EVERY CITIZEN as collateral to back its debt. Gold was confiscated. Debt-based money was introduced. And you? You became an economic asset.
In 2020 President Trump had (allegedly) 650 plane loads of US Taxpayer owned gold removed from the Vatican. The 1871 Corporation Act (of the privately owned by foreign bankers US Inc.) was dissolved in 2020. President Trump(allegedly) had the gold taken to it’s rightful owners – the new Republic for the United States of America Treasury located on an Indian Reservation near Reno Nevada.
On Thurs. 30 Jan. 2025 the privately owned Fed and IRS officially(allegedly) 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 the(allegedly) 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 (allegedly) cut it off of by April 30th or soon thereafter. …Bruce
~~~~~~~~~~~~
Thurs. 20 Feb. 2025 Bruce:
Today Redemption Center Leaders were to receive an email tonight to tell them to go into work tomorrow morning or Sat morning 22 Feb.
Bond Holders emails were to go out. Accounts have (allegedly) been hydrated.
A security force at Sparks Reno Airport report they are getting 3 flights in and 3 flights out every hour. Shelves in hanger were (allegedly) filled with new US Note. The US Notes were (allegedly) being moved to where it needs to go. Redemption Centers (allegedly) received more new US Notes in addition to what they had a year and a half ago.
You could (allegedly) get up to $3,000 in cash at your appointment.
One source said we would get notified Saturday and begin appointments on Mon. 24 Feb.
About 20% of what Musk’s DOGE is recouping is (allegedly) going to the American people is supposed to be $5,000 per month for 12 months for age 32 and older. 65 and older $7,500 a month for 12 months. It will go into your Social Security Bank account. This is different from the R&R and is not the SS increase.
Read full post here: https://dinarchronicles.com/2025/02/21/restored-republic-via-a-gcr-update-as-of-february-21-2025/
Courtesy of Dinar Guru: https://www.dinarguru.com/
Militia Man The oil to flow into Turkey hasn't been done yet...And the salaries to the citizens haven't been paid...All of these things need value. What rate are you going to be able to pay those salaries at? What value are you going to apply to the exchange rate with oil crossing international borders?
DinarDiva1 Kuwait RV March 24 1991, Ramadan that year was March 17- April 15, 1991 Therefore theyRV smack in the middle of Ramadan...
Frank26 Trump and Sudani, that combination IMO is unstoppable for your monetary reform. I dare them to try to stop this now because Trump is there now. Why do I say such a thing? Because both sides have a currency that needs help form each other...This mutual symbiotic relationship is going to be so powerful in the banking industry. Both the American dollar and the Iraqi dinar are about to rule...
************
Breaking News Financial Announcement CBI & Al Rafidain Bank
Edu Matrix: 2-20-2025
Discover the latest news impacting IQD investors in our video on Iraq's groundbreaking bond issuance
Al-Rafidain Bank has launched a historic national bond offering worth IQD 2 trillion ($1.5 billion), aimed at enhancing economic stability and investment opportunities.
With bonds available from February 10 to March 10, 2025, investors can choose between two categories: an IQD 500,000 bond with a 6% annual interest rate and an IQD 1,000,000 bond offering 7.5% annually.
This initiative opens doors for both banks and the public, signaling a transformative shift in Iraq's financial landscape. Don’t miss your chance to be part of this financial revolution!
'It's An American Duty To Not Pay Our Taxes' — Robert Kiyosaki Proudly Says
'It's An American Duty To Not Pay Our Taxes' — Robert Kiyosaki Proudly Says He's $1.2 Billion In Debt Because It Legally Leaves Him Tax-Free
Jeannine Mancini Thu, February 20, 2025 Benzinga
You've heard it a million times—debt is bad, get out of debt, Americans are drowning in debt. The headlines paint it as the ultimate financial nightmare. But not everyone sees it that way. Best-selling "Rich Dad Poor Dad" author Robert Kiyosaki proudly boasts about being $1.2 billion in debt—and according to him, that's exactly how he legally avoids paying taxes.
'It's An American Duty To Not Pay Our Taxes' — Robert Kiyosaki Proudly Says He's $1.2 Billion In Debt Because It Legally Leaves Him Tax-Free
Jeannine Mancini Thu, February 20, 2025 Benzinga
You've heard it a million times—debt is bad, get out of debt, Americans are drowning in debt. The headlines paint it as the ultimate financial nightmare. But not everyone sees it that way. Best-selling "Rich Dad Poor Dad" author Robert Kiyosaki proudly boasts about being $1.2 billion in debt—and according to him, that's exactly how he legally avoids paying taxes.
How Kiyosaki Uses Debt to His Advantage
In a January 2024 Instagram video captioned "Confession: This is why I am $1.2 billion in debt," Kiyosaki explained his controversial stance.
"Today, I own about 12,000 rental units. How did I acquire those properties? I used debt. See, the more debt I use, the more property I own, the less tax I pay," Kiyosaki said.
He went on to argue that taxes are a "Marxist idea," referencing "The Communist Manifesto." "And people say, ‘Well, you should pay taxes.' No, we shouldn't. America was founded as a tax-free nation... We were tax-free until 1913 when the Fed was created. The same year, guess what else was created? The IRS."
Kiyosaki didn't stop there. He took it a step further, declaring, "And I think it's an American duty not to pay our taxes. Because if you read the Communist Manifesto, you'd know why."
Kiyosaki's strategy relies on leveraging debt to acquire income-generating real estate while taking advantage of tax laws that allow deductions, depreciation, and other benefits. And he's not just talking about it—he's doing it.
The Real Estate Tax Advantages
Kiyosaki's approach isn't some loophole; it's built into U.S. tax law. Real estate investing offers several legal ways to reduce taxable income:
TO READ MORE: https://finance.yahoo.com/news/american-duty-not-pay-taxes-150047669.html
Seeds of Wisdom RV and Economic Updates Friday Morning 2-21-25
Good Morning Dinar Recaps,
SEC ACKNOWLEDGES SLEW OF CRYPTO ETF FILINGS AS REVIEWS, APPROVALS ACCELERATE
The regulator is seeking comment on filings covering crypto staking, options and altcoin ETFs, among others.
The US Securities and Exchange Commission has acknowledged some half a dozen exchange filings related to cryptocurrency exchange-traded funds (ETFs) in the past two days, according to Feb. 19 and Feb. 20 regulatory submissions.
Good Morning Dinar Recaps,
SEC ACKNOWLEDGES SLEW OF CRYPTO ETF FILINGS AS REVIEWS, APPROVALS ACCELERATE
The regulator is seeking comment on filings covering crypto staking, options and altcoin ETFs, among others.
The US Securities and Exchange Commission has acknowledged some half a dozen exchange filings related to cryptocurrency exchange-traded funds (ETFs) in the past two days, according to Feb. 19 and Feb. 20 regulatory submissions.
The filings, submitted by securities exchanges Nasdaq ISE and Cboe BZX, address proposed rule changes for crypto ETFs concerning staking, options, in-kind redemptions and new types of altcoin funds, the documents show.
The SEC’s acknowledgments highlight how the agency has softened its stance on crypto since US President Donald Trump started his second term on Jan. 20. Consequently, two crypto index ETFs launched in February and analysts expect more ETF approvals to follow in 2025.
Flurry of filings
Nasdaq’s filing pertains to position and exercise limits on options tied to BlackRock’s iShares Bitcoin Trust (IBIT), the most popular spot crypto ETF, with nearly $57 billion in net assets, according to BlackRock’s iShares website.
Meanwhile, Cboe filed to list options on Grayscale’s and Bitwise’s Ether. The SEC has approved options on Bitcoin ETFs but has not yet greenlighted options on Ether ETFs.
Cboe has also asked for permission to list Canary and WisdomTree’s proposed XRP ETFs, support in-kind creations and redemptions for Fidelity’s Bitcoin and ETH ETFs, and allow 21Shares’ Ether ETF to stake a portion of its ETH holdings for additional yield.
The SEC is reportedly “very, very interested” in staking and has asked the industry to draft a memo reviewing the different types of staking and their potential benefits, Eleanor Terrett, a reporter for Fox Business, said in a Feb. 20 post on the X platform.
Terret said her source “expects to see some kind of agency guidance on staking in the near future as it’s a topic they’re engaging enthusiastically on.”
In-kind creations and redemptions, where an ETF swaps shares for a basket of underlying assets, are more tax efficient and, therefore, preferred by most ETF issuers and investors. The SEC has not yet permitted in-kind redemptions for spot cryptocurrency ETFs.
Expected approvals
Bloomberg Intelligence has set the odds of an XRP ETF approval in the US at 65%. Its estimates for Litecoin and Solana ETF approval odds are even higher, at 90% and 70%, respectively.
On Feb. 14, the SEC acknowledged Cboe’s request to list asset manager 21Shares’ XRP ETF, further signaling the SEC’s openness to approving an ETF for the altcoin.
On Feb. 19, cryptocurrency exchange Coinbase launched SOL futures contracts on its regulated US derivatives exchange. Robust futures markets generally support cryptocurrency ETF applications because they provide a stable benchmark for asset prices.
On Feb. 20, Franklin Templeton launched an ETF holding both spot Bitcoin and Ether. It was the second cryptocurrency index ETF to hit the market after asset manager Hashdex launched its Nasdaq Crypto Index US ETF (NCIQ) on Feb. 14.
In 2024, under former US President Joe Biden, the SEC allowed spot BTC and ETH ETFs to list in the US after years of resistance but barred other types of crypto ETFs from listing.
@ Newshounds News™
Source: CoinTelegraph
~~~~~~~~~
HONG KONG UNVEILS ROADMAP TO BECOME GLOBAL DIGITAL ASSET HUB
Hong Kong’s Securities and Futures Commission (SFC) published a 12 point ASPIRe roadmap for the territory to become a global digital asset hub.
Until October last year, it had licensed two cryptocurrency exchanges. That figure rose to ten yesterday with the licensing of Bullish, the exchange founded by Block.one and backed by Peter Thiel.
Top of the SFC’s priority list is to introduce licensing regimes for over the counter (OTC) ‘virtual asset’ marketplaces as well as virtual asset custodians. While it wants to ensure better compliance and enhance consumer protection, it is willing to lean into the more innovative aspects of web3 that are sometimes considered risky.
Currently the following activities are not allowed in Hong Kong, even for licensed exchanges: New token issuance, margin trading, derivatives, staking, and borrowing/lending. The SFC is willing to explore each of these, but some will be restricted to professional investors, such as derivatives and borrowing/lending.
“Adhering to the core principles of investor protection, sustainable liquidity and adaptive regulation, the roadmap in itself is a calibrated response to emerging VA market challenges and thus helps future-proof our ecosystem,” said Dr Eric Yip, the SFC’s Executive Director of Intermediaries.
“The roadmap is not a final destination but a living blueprint, one that invites collective efforts to advance Hong Kong’s vision as a global hub where innovation thrives within guardrails.”
@ Newshounds News™
Source: Ledger Insights
~~~~~~~~~
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“Tidbits From TNT” Friday Morning 2-21-2025
TNT:
Tishwash: The first of its kind in the region and Iraq as a whole.. Inauguration of an international financial and commercial center in Sulaymaniyah
On Thursday, an international financial and commercial center was inaugurated in the city of Sulaymaniyah. It is the first of its kind in the Kurdistan Region and the rest of Iraq in terms of specialization. Employees considered this a step to localize their salaries and end the crisis that has been ongoing for years .
Sulaymaniyah Governor, Haval Abu Bakr, said in a press conference attended by Shafak News Agency, during the opening ceremony of the center, "This center will provide a suitable environment for banks, financial markets and investment companies to work according to the legal frameworks approved in Iraq and the region ."
TNT:
Tishwash: The first of its kind in the region and Iraq as a whole.. Inauguration of an international financial and commercial center in Sulaymaniyah
On Thursday, an international financial and commercial center was inaugurated in the city of Sulaymaniyah. It is the first of its kind in the Kurdistan Region and the rest of Iraq in terms of specialization. Employees considered this a step to localize their salaries and end the crisis that has been ongoing for years .
Sulaymaniyah Governor, Haval Abu Bakr, said in a press conference attended by Shafak News Agency, during the opening ceremony of the center, "This center will provide a suitable environment for banks, financial markets and investment companies to work according to the legal frameworks approved in Iraq and the region ."
He added, "All banks, stock markets, financial and commercial institutions can establish branches within this center, according to the controls issued by the specialized authorities in the federal government and the region," indicating that "this step constitutes a qualitative transformation in the financial and commercial sector of Sulaymaniyah, which enhances its position as an economic hub at the level of Iraq ."
In another context, a group of protesting teachers, who had previously demanded that their salaries be transferred directly from Baghdad, welcomed the decision to open two branches of the Central Bank in the region, and considered this step a prelude to implementing the Federal Court’s decision issued on February 21, 2024, which stipulates the “localization” of the salaries of the region’s employees through the federal government .
However, this issue is still controversial among political circles, as some believe that transferring salaries to Baghdad aims to undermine the regional government and influence its authority, while others consider it a necessary solution to end the crisis of delayed salaries that has been ongoing for more than ten years .
In this context, the governor of Sulaymaniyah explained that "the mechanism for distributing salaries has not yet been decided," noting that "discussions are still ongoing about whether salaries will be distributed through the regional government as in previous years, or whether they will be transferred directly from Baghdad ."
While the opening of the financial and commercial center in Sulaymaniyah is an important step to boost economic activity, resolving the issue of salaries will remain an influential factor in financial and living stability in the region .
For more than a decade, Kurdistan cities have been suffering from a crisis of delayed salaries due to financial disputes between Baghdad and Erbil, which has prompted some groups, such as teachers and employees, to demand that their salaries be paid directly from the federal government .
On February 21, 2024, the Iraqi Federal Court issued a decision to localize the salaries of the region’s employees, but it has not been implemented yet due to administrative and political complications. The opening of the financial and commercial center in Sulaymaniyah constitutes a turning point in the economic scene, amidst the ongoing controversy over the future of financial management in the region . link
**
Tishwash: Government Advisor: No Problems in Financing the Budget for Salaries and Revenues Are Running Regularly
The Prime Minister's Advisor for Financial Affairs, Mazhar Muhammad Salih, confirmed today, Thursday, the stability of cash resources and ensuring the flow of salaries and pensions. While he pointed out that government spending positively affects 85% of the movement of total demand, he pointed out that there are no problems in financing the budget for salaries and oil and non-oil revenues.
Saleh told the Iraqi News Agency (INA): "There are priorities in the state's general budget that focus on ensuring the monthly flow of salaries for workers in the government sector and public companies, in addition to recipients of grants, wages, retirees and social care categories."
He added that "the priorities come within the current section of the general budget," stressing that "there are no problems in the flow of cash resources to the budget, whether from oil or non-oil revenues."
Saleh explained that "what is being circulated about financial difficulties are imaginary scenarios aimed at creating a state of uncertainty," noting that "about 8 million Iraqi citizens benefit from monthly payments that cover the needs of about 35 million Iraqis monthly through the family support system."
He continued, "Coordination between monetary and fiscal policy works to provide the best performance and stability for monthly government spending, which is known as the "fiscal space," which ensures speed and flexibility in financing fiscal policy in line with the "monetary space" in monetary policy."
The Prime Minister's advisor confirmed that "government spending constitutes about 50% of the country's GDP annually, positively affecting more than 85% of the movement of total demand in Iraq, which supports the sustainability of economic activity and protects it from the risks of recession."
He pointed out that "economic policy pays close attention to ensuring the timing of operational spending without interruption, as the annual inflation growth rate did not exceed 3%, which reflects precise control over the management of cash liquidity and public spending."
He pointed out that "the stability and effectiveness of monetary and financial policies contribute to enhancing economic confidence and providing the necessary protection for the Iraqi economy from future challenges." link
Tishwash: The Governor of the Central Bank, Ali Al-Alaq, confirmed that joint-stock companies constitute only 2% of the value of the gross domestic product in Iraq, while revealing the reason for the weak size of citizens' deposits in banks.
Al-Alaq said during the opening and introduction of the International Center for Finance and Trade in Sulaymaniyah Governorate, which was followed by (Al-Rabia), that "financial centers are economic levers and need modern financial infrastructure and technologies," noting "the importance of financial centers in stimulating the economy and attracting investments, which requires developing the financial infrastructure to keep pace with global changes."0
He pointed out that "these centers focus on the most important engines of the economy," stressing that "countries that have such centers have been able to achieve great achievements, as financial centers play a major role in stimulating and organizing the economy, as proven by reality, experience, numbers and data."
He stressed that "the financial aspect in Iraq needs more vitality and innovation to harness resources towards growth and construction," noting that "there is a huge amount of money inside the country, but it is not invested in the best way, as it is isolated from economic activity or hoarded without real benefit."
He stressed that "this is a fundamental issue that requires thought, initiatives and innovations to invest this money to serve growth and employment," noting that "the best way to attract and mobilize this money is to establish joint-stock companies that attract scattered capital, no matter how small its amounts are." He pointed out that "Iraq suffers from a significant shortage" in joint-stock companies, as their contribution to the GDP is only 2% of the GDP, which is the lowest percentage in the region compared to the Middle East and North Africa countries, where the percentage reaches 55%, while in developed countries it ranges between 80% and 90%, which requires new ideas and centers capable of moving this field."
The governor stressed that "Iraq has huge investment opportunities that can be exploited through partnerships between various capabilities, especially the available financial capabilities, but they do not find a clear scope for investment, which calls for a major role for financial centers in moving and establishing joint-stock companies in profitable strategic sectors."
He also pointed to the weak volume of citizens' deposits in banks, explaining that "the reason is not only due to lack of trust, but also to the availability of other investment opportunities that achieve greater returns than bank interest, as anyone can now invest their money through digital platforms and contribute to global projects without having to rely on traditional bank returns."
The governor of the Central Bank provided an example of developments in digital investment, noting that "some The platforms allow a group of people to participate in purchasing real estate in global cities such as London, where investment is based on the highest potential returns globally.
He noted that "the world is witnessing a financial revolution supported by technology and artificial intelligence, which will lead to major transformations in the nature of economic activity," noting that "the 10 largest companies in the world currently belong to the technology and communications sector, outperforming oil and traditional industry companies, as their market value ranges between 2-3 trillion dollars," stressing that "banks in the near future will transform into fully smart electronic platforms, which will radically change the way financial and investment transactions are conducted."
He stressed the "necessity of transforming financial centers into strong economic levers, so that they play a fundamental role in attracting investments, regulating financial flows, and benefiting from modern technologies," indicating that "this center has a major task ahead of it to move in these directions." The Central Bank reveals the reason for the weakness of citizens' deposits in banks: The money is huge link
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Tishwash: King Salman approves Saudi Riyal currency symbol
The Saudi monarch, King Salman bin Abdulaziz Al Saud, approved today, Thursday, the symbol of the Saudi riyal currency in a historic step aimed at strengthening the identity of the national currency.
According to the Saudi Press Agency (SPA), the Governor of the Saudi Central Bank (SAMA), Ayman bin Mohammed Al-Sayyari, expressed his thanks and appreciation to the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, and to the Crown Prince Mohammed bin Salman, Prime Minister, on the occasion of the launch of the Saudi riyal currency symbol.
Al-Siyari explained that the decision contributes to strengthening the Kingdom’s financial identity at the local, regional and international levels, noting that the application of the currency symbol will begin gradually, as it will be included in financial and commercial transactions and various applications in coordination with the relevant authorities.
Al-Siyari pointed out that this initiative aims to encourage pride in national identity and cultural affiliation, as well as highlight the status of the Saudi riyal and enhance confidence in it, as well as highlight the Kingdom’s prominent role among major global economies and G20 countries.
According to the agency, the national currency symbol, which was designed according to the highest technical standards, reflects the Kingdom’s culture and rich heritage. The symbol bears the name of the national currency “SAR” with a design inspired by Arabic calligraphy, and enhances the representation of the Saudi riyal in the local, regional and international context, making it suitable for use in all financial and commercial transactions. link
Mot: Don't Knows bout Yous.. but I'm ~~~
Mot: . Poor "'Piglet"" --- Are We There Yet???
Fort Knox Audit Could Collapse the Fiat System
Fort Knox Audit Could Collapse the Fiat System
Liberty and Finance: 2-20-2025
The global financial landscape is shifting, and recent developments suggest a growing demand for transparency and a potential reckoning with unsustainable debt.
In a recent interview with Liberty and Finance, economic analyst Rafi Farber shed light on several key indicators, including Donald Trump’s renewed push for auditing Fort Knox, the increasing demand for physical gold, and the potential for significant debt devaluation.
One of the most intriguing developments is the call to audit Fort Knox.
Fort Knox Audit Could Collapse the Fiat System
Liberty and Finance: 2-20-2025
The global financial landscape is shifting, and recent developments suggest a growing demand for transparency and a potential reckoning with unsustainable debt.
In a recent interview with Liberty and Finance, economic analyst Rafi Farber shed light on several key indicators, including Donald Trump’s renewed push for auditing Fort Knox, the increasing demand for physical gold, and the potential for significant debt devaluation.
One of the most intriguing developments is the call to audit Fort Knox.
While the U.S. government maintains the vault holds a significant portion of the nation’s gold reserves, consistent calls for verification have been largely ignored.
Trump’s renewed interest in an audit marks a potential shift towards greater financial transparency, a move that could have far-reaching implications. As Farber emphasizes, inflation is a crucial tool in the hands of governments, subtly eroding purchasing power and fueling corruption. Auditing Fort Knox could expose uncomfortable truths about the true state of U.S. gold reserves, potentially limiting the government’s ability to manipulate the economy through inflationary policies.
However, owning gold isn’t simply about possessing the metal. Farber points out the intricacies of gold ownership, emphasizing the importance of understanding the nuances of the market. This brings us to another crucial observation: the significant gold outflows from London.
Farber interprets this as a sign of market stress and an increasing global demand for physical gold. As confidence in traditional financial institutions wanes, investors, both institutional and retail, are increasingly seeking the security and tangible nature of physical gold.
This demand is further evidenced by the behavior observed in the gold market. High borrowing fees for GLD, the largest gold-backed ETF, suggest a growing preference for physical gold over paper gold. This indicates that investors are less willing to rely on promises and are actively seeking to secure their wealth in a tangible asset.
But what does all this mean for the future? Farber predicts that a gold revaluation could lead to a significant devaluation of debt. This is a crucial point to understand.
As the value of gold rises, the real value of debt denominated in fiat currencies, which are increasingly perceived as unstable, diminishes. This could have dramatic consequences for economies heavily burdened by debt, potentially triggering a period of economic restructuring and upheaval.
In this environment of economic uncertainty, Farber stresses the importance of staying informed and maintaining a positive mindset.
Understanding the intricacies of the gold market, keeping abreast of developments like the Fort Knox audit, and recognizing the increasing demand for physical gold are crucial for navigating the turbulent times ahead.
The message is clear: the walls are closing in on opaque financial practices and unsustainable debt. The growing demand for transparency, coupled with the surge in physical gold demand, suggests a fundamental shift in the global financial landscape.
By staying informed and proactive, individuals can position themselves to weather the storm and potentially benefit from the coming changes. While the future remains uncertain, understanding these trends is the first step towards securing your financial well-being in a world grappling with economic uncertainty.