The US Government Has To Sell $28 Trillion Of Debt In The Next 4 Years

The US Government Has To Sell $28 Trillion Of Debt In The Next 4 Years

Notes From the Field BY James Hickman ( Simon Black )  February 19, 2025

Last summer, the Federal Reserve wanted you to believe that inflation was a thing of the past.

Sure, just about every category of consumer goods had increased in price. Electricity rates had increased 5% year over year. Rent and housing costs were up 5%. Hospital care had become 6% more expensive. Food prices were up. Fuel prices were up. Auto insurance had risen by a whopping 18.6%.

Yet, bizarrely, the overall inflation average was just 2.9%. And based on that number alone, the Federal Reserve had all but declared victory against inflation.

We knew it was BS. And, after diving into the numbers, it didn’t take us very long to realize why.

It turned out that, back in the summer of 2024, used car prices were falling dramatically— down around 11% year-over-year.

You probably remember what happened: during the pandemic, supply chain snarls and factory closures caused used car prices to go through the roof. Eventually, prices peaked... and then started to fall.

By July 2024, used car prices were still on their way down... essentially returning to a more ‘normal’ level. And based on the way that the government calculates inflation, the huge drop in used car prices dragged down the overall average, making the headline inflation rate appear smaller than it really was.

We wrote about this last summer. And we predicted that the decline in used car prices would soon cease... essentially eliminating the key drag that was holding the inflation rate down.

That has now happened. And as of last month, used car prices are no longer falling... and the overall rate of inflation is once again on the rise.

This is where our discussion begins in today’s podcast, and it’s an important one. We talk about why, at this point, lingering inflation is a major challenge. And it’s becoming a more likely scenario.

There are obviously some forces within the government that are working really hard to cut spending. There are also legions of misguided (or flat-out corrupt) politicians who are fighting to prevent those budget cuts from happening.

It’s a see-saw right now and could go either way. But, at least for now, the government is still spending taxpayer money like a drunken sailor.

Last year’s budget deficit was nearly $2 trillion. They’re already on track to repeat that this year. All of that deficit spending adds to the $36+ trillion national debt.

But what makes matters even worse is that an unbelievable $28 trillion of the national debt will have to be refinanced over the next four years, according to Federal Reserve data. (We show you the Fed’s data in the podcast— it’s a chart you’ll want to see.)

The key problem, of course, is that interest rates are significantly higher today than they were several years ago. So when the Treasury Department refinances that $28 trillion in debt, it will be at a MUCH higher rate.

Think about it— if most of that debt was sold at a 2% rate, but now they have to refinance at 5%, then that’s an extra 3% interest to pay on $28 trillion— or $840 billion per year in additional interest.

Remember that the government’s interest bill is already $1.1 trillion per year. So in four years it could easily eclipse $2 trillion per year. Again, this is just the amount of interest.

It’s also pretty clear that a lot of foreign governments and central banks— who own a huge chunk of that $28 trillion which needs to be refinanced— are looking to diversify away from the dollar.

It’s already happening; obviously there are the loudmouthed BRICS countries that have started trading with one another in their own currencies, and thus begun reducing their dollar holdings. But even supposed ally nations in Europe are starting to trade their US dollar reserves for gold.

This is setting up a precarious situation... because if foreign governments and central banks continue reducing their dollar exposure, then who is going to buy up all that $28 trillion worth of US government debt that needs to be refinanced?

Well, the only remaining lender is the Federal Reserve. And as we’ve discussed before, the Fed buys government bonds by printing money... which ultimately causes inflation.

During the pandemic, the Fed printed $5 trillion and we got 9% inflation. Over the next four years the Fed might have to print a good chunk of that $28 trillion just to help refinance US government debt. So what will inflation be? No one knows. But probably not their magical 2% target.

The only way out is to slash government spending. And certainly there is a lot of low hanging fruit for DOGE to cut, which could get the deficit (and therefore inflation) under control.

But this is far from a risk-free proposition. And that’s why it still makes so much sense to have a Plan B.

We discuss all this, and more, in today’s podcast— and we hope you take time to listen in here.

(For the audio-only version, check out our online post here.)

To your freedom,  James Hickman   Co-Founder, Schiff Sovereign LLC

https://www.schiffsovereign.com/podcast/the-us-government-has-to-sell-28-trillion-of-debt-in-the-next-4-years-podcast-152106/

Seeds of Wisdom RV and Economic Updates Saturday Afternoon 2-22-25

Good Afternoon Dinar Recaps,

HBAR FOUNDATION INVESTS IN TOKENIZED FIDELITY USD MONEY MARKET FUND

The HBAR Foundation has announced an investment in Archax’s tokenized shares of Fidelity International’s USD Money Market Fund.

Archax, the first FCA-regulated digital asset exchange, broker, and custodian, recently tokenized the MMF on the Hedera network.

The tokenized shares, available on the Archax platform, allow institutional investors to gain exposure to the fund through blockchain technology. These digital assets can also serve as proof-of-reserves for stablecoin treasury verification, enhancing transparency within the broader digital finance ecosystem, according to a company announcement.

The move highlights Hedera’s expanding role in institutional tokenization while advancing Fidelity International’s efforts to bring traditional financial products on-chain.

Last December, Hedera integrated Chainlink’s Data Feeds and Proof of Reserve on its mainnet to support DeFi and tokenized real-world assets. This followed a partnership between the HBAR Foundation and Chainlink, giving developers access to high-quality data and on-chain reserve verification.

Strategic investment

Gregg Bell, Senior Vice President at the HBAR Foundation, emphasized the strategic importance of the investment, stating, “Looking ahead to 2025, real-world asset tokenization will be a key catalyst for blockchain adoption. Our vision for a fully tokenized financial ecosystem aligns with Fidelity International’s commitment to innovation.”

He added that partnering with asset managers like Fidelity International is essential for accelerating institutional adoption.

The investment further strengthens Hedera’s push into institutional markets by leveraging its high-throughput infrastructure. The network’s ability to provide low-cost, fixed-fee transactions makes it an appealing option for financial institutions exploring tokenization.

The collaboration between the HBAR Foundation, Archax, and Fidelity International reflects a broader industry shift toward blockchain-powered financial products. As more institutions explore tokenization, partnerships like this could pave the way for greater adoption of digital asset infrastructure in traditional markets.

@ Newshounds News™

Source:  CryptoNews

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BRICS NEWS:  BRAZIL PLANS TO REJECT BRICS CURRENCY

Brazil is considering dropping the idea of forming a new BRICS currency as it chairs the 17th summit in Rio De Janeiro in July 2025. Four government officials on the condition of anonymity revealed to Reuters that President Luiz Lula da Silva is planning to nix the idea of a common currency. The alliance is under pressure from Trump who threatened to impose tariffs if they ditch the US dollar.

The idea of developing a new BRICS currency could draw the ire of US President Donald Trump, who has vowed to crush anyone who plans to ditch the dollar for trade. Just recently, BRICS member India also denounced the formation of a new currency and embraced the US dollar for cross-border transactions.

After Rejecting BRICS Currency, Brazil Wants to End Reliance on the US Dollar

A government official revealed that Brazil wants to shelve BRICS currency but also aims to reduce dependency on the US dollar. 

The source explained that Brazil will provide solutions for ending reliance on the US dollar at the upcoming summit. The 17th summit is scheduled to take place on July 6-7 with the nine member countries being in attendance.

Two out of the nine BRICS countries have rejected the idea of the formation of a new currency. Only Russia, China, and Iran are aggressively advancing the de-dollarization agenda to uplift their respective economies. Russia and Iran are reeling under pressure due to sanctions and are desperate to trade in local currencies.

On the other hand, China is looking to dominate the global finances by pushing the Chinese yuan for trade. India is distancing itself from the idea fearing that China is using BRICS as a stepping stone to advance its global agenda. The cracks in BRICS are wide open even before the alliance has made the currency a reality.

@ Newshounds News™

Source:  Watcher Guru

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WHAT IS DOGE DIVIDEND CHECK? WILL YOU GET $5,000 STIMULUS CHECK? HERE'S WHAT TO KNOW

Wondering if you should expect a $5,000 check from DOGE? And, is it a stimulus, dividend or refund? Here's what we know so far about what it is and who would potentially get it.

President Donald Trump said he's considering a plan to pay out $5,000 stimulus checks to taxpayers in the form of a 'DOGE dividend' during a speech on Wednesday. He explained it as part to take 20% of the savings identified by Elon Musk's Department of Government Efficiency (DOGE) and give it back to the American taxpayers.

This 'DOGE dividend' idea was previously floated on Tuesday by Azoria investment firm CEO James Fishback on Musk's social media platform X, suggesting President Trump and Musk "should announce a ‘DOGE Dividend’ — a tax refund check sent to every taxpayer, funded exclusively with a portion of the total savings delivered by DOGE." To which, Musk replied "Will check with the President."

“The numbers are incredible, Elon. So many millions, billions — hundreds of billions,” Trump said in his speech. “And we’re thinking about giving 20% back to the American citizens, and 20% down to pay back our debt.”

The US national debt totaled $35.5 trillion in the 2024 fiscal year, a $1.4 trillion increase from 2023, according to the Treasury Department and US debt-to-GDP ratio rose by 2 percentage points in fiscal year 2024 from 2023.

Trump didn't share any further specifics or details about the possible 'DOGE dividend' or its certainty.

Albeit, Fishback's four-page proposal of the 'DOGE dividend' described it as a refund "sent only to tax-paying householders."

 Noting the difference from past stimulus checks, he added that DOGE checks would not be inflationary as they would be "exclusively funded with DOGE-driven savings, unlike COVID stimulus checks which were deficit-financed."

By definition, a dividend is a distribution of profits by a corporation to its shareholders and refund is a payment made back to a user that previously paid for something. A stimulus check on the other hand, is a direct payment to encourage spending and stimulate the economy by putting money directly into the consumers' hands.

What is DOGE?

The Department of Government Efficiency (DOGE), officially the U.S. DOGE Service Temporary Organization, is an initiative created by Trump and led by 'special government employee' Musk.

The mission of DOGE was to slash federal spending, deregulation and "modernize federal technology and software to maximize governmental efficiency and productivity."

How much has DOGE saved?

At the time it was introduced, DOGE's effort was to save as much as $2 trillion dollars a year. DOGE claims to have already saved $55 billion in government cuts so far, but the figure has not been verified.

The agency has made drastic cuts across federal agencies, including mass firings of federal workers. Some agencies that have already seen cuts include the United States Agency for International Development (USAID), the Department of Education, the National Institutes of Health, the Centers for Disease Control and Prevention, and the Consumer Financial Protection Bureau.

@ Newshounds News™

Source:  USA Today

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Monetary RESET Is Inevitable | John Rubino

Monetary RESET Is Inevitable | John Rubino

Liberty and Finance:  2-22-2025

John Rubino discusses the potential for the U.S. to follow a path similar to Argentina, where government downsizing may become necessary.

He highlights that entrenched interests and military profits are significant counterforces to these cuts, and the pushback from these groups could be substantial.

Stories of government workers being laid off could also influence Congress, slowing down the downsizing process. Rubino emphasizes that the U.S. is dangerously over-leveraged, with immense debt across various sectors, making a monetary reset inevitable.

The U.S. economy, burdened by escalating debt and the looming threat of inflation, may be headed for a reckoning. John Rubino, a seasoned financial analyst, recently joined Liberty and Finance to discuss the possibility of the U.S. following a trajectory similar to Argentina, a nation known for its cycles of boom and bust, and where severe government downsizing has become a necessary, albeit painful, reality.

Rubino’s warnings aren’t just abstract economic theories; they’re a stark assessment of the current financial landscape. He highlights the deeply entrenched interests that hinder any attempts to rein in government spending.

The sheer size of the U.S. military-industrial complex and the profits it generates for powerful corporations make significant budget cuts a political minefield. The pushback from these groups, Rubino argues, could be immense, stalling any meaningful reform.

Beyond the powerful lobbies, Rubino also points to the human cost of downsizing. Imagine the impact of mass layoffs of government employees, the stories filling news cycles and impacting congressional decisions. The political pressure to slow down, or even reverse, austerity measures could be overwhelming.

But the core of Rubino’s argument rests on the staggering levels of debt plaguing the U.S. He paints a picture of a nation dangerously over-leveraged, with unsustainable debt levels across the government, corporate, and consumer sectors.

 This massive debt, he believes, makes a monetary reset not just possible, but inevitable.

So, what can individuals do to protect themselves from this potential economic storm? Rubino’s advice is clear: invest in tangible assets, particularly gold and silver. He sees these precious metals as a vital hedge against the erosion of purchasing power caused by inflation, a likely consequence of the government’s ongoing struggle with debt.

However, Rubino’s concerns extend beyond simple financial survival. He also warns of the future transition to government-controlled monetary systems, a move that could significantly limit personal freedoms. In a world where the government controls every transaction, individual autonomy could be severely curtailed. The potential implications for privacy and personal liberty are profound.

While the comparison to Argentina might seem alarming, it underscores the urgency of addressing the U.S.’s unsustainable debt levels. Rubino’s perspective serves as a wake-up call, urging individuals to consider the potential for a significant economic shift and prepare accordingly. He champions a proactive approach: understand the risks, diversify your assets, and be aware of the potential for increased government control over your finances.

In conclusion, Rubino’s insights paint a worrying picture of the future, but they also offer a roadmap for navigating the potential challenges ahead.

 By understanding the risks and taking proactive steps, individuals can better protect themselves from the potential economic storms brewing on the horizon. The time to consider these warnings is now, before the U.S. finds itself further down the path towards a potentially painful economic reckoning.

INTERVIEW TIMELINE:

0:00 Intro

 1:40 Trump's first month

8:30 D.C. culture

 19:00 Argentina vs U.S.

 23:00 Pushback to Trump

33:30 Dollar collapse

https://www.youtube.com/watch?v=XrrZ6Y-_TG8

Weekend Coffee with MarkZ. 02/22/2025

Weekend Coffee with MarkZ. 02/22/2025

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

Mod: GOOD MORNING ALL! HAPPY SATURDAY! CBD MATT AND LUCAS KICK OFF THE FIRST 45 MINS AND MARK GIVES THE NEWS UPDATE AT 10:30 AM

Member: Happy Saturday and Welcome to the Weekend

MZ: Today is the last day we are broadcasting on twitch. People will have to use youtube or rumble from now on.

MZ:  Huge amounts of chatter this weekend. Tons of rumors about this weekend. We will see what surfaces. We know there is a lot of excited wealth management/redemption contacts and bond folks as of this morning.

MZ: Lots of people in place but have not heard from group contacts yet this morning. I am confident we are close…just not certain this is the weekend or not.  I would think we would see movement in groups if this was our weekend.

MZ: The new dinar rate was not in the Gazette today. The CBI has been showing some different rates lately…it even went to 1322 in the wee hours. But it is not staying there. There is a lot pointing to the fact they are working on it….but not a lot pointing to us going to the banks on Monday.

Member: With the CBI website having its outage and FOREX down today for upgrades, Maybe it’s safe to assume CBI is doing a big upgrade to new system and ready to Pop up new rate tomorrow???

Member: Rumor:  Hearing Iraq has done their revaluation in house but not announced .

MZ: “Kurdistan oil export: Washington presses and Baghdad faces challenges” I would like to point out that Baghdad is calling BS on some Rueters articles saying the US is threatening sanctions if Kurdistan doesn’t start pumping the oil….Both Washington and Baghdad say “BS” and tells them to stop with the fake news.  

MZ: “Kurdistan council of ministers confirms its aspirations to resume oil exports as soon as possible” We are being told this coming week they will resume.

MZ: “ The reform committee announces a growth in tax revenues of 22% with revenues of 4 trillion dinars” this is part of changing the system from cash to electronic. Revenue can now be tracked. This allows Iraq to be stable and not fluctuate as much.

Member: All the economists are talking about gold and silver right now…..something is happening

The total short position in silver is 953 million ounces. This is over one year’s world production. This is mostly a naked short to control the price. The CFTC is clearly aware of this.

Member: Rand Paul just sent letter to Treasury for inspection of Ft Knox no later than March 19

Member: Why does this upcoming audit of Fort Knox remind me of the Geraldo Rivera Special- "The Mystery of Al Capone's Vaults"

Member: CEO Jamie Dimon just dumped $233.7 million worth of $JPM shares

Member: If the bank don’t hold a lot of funds and people cannot get their money out…how safe is it to put our RV funds in them?

MZ: When the RV happens we assume the monetary system is changing and this doesn’t matter…but, if the system doesn’t change we will have a lot to figure out quickly.

Member: When we get our notification to set our appointment do we have to so it within a certain amount of time? I’ve heard 3 days. Concerned as I am out of the country till mid March.

Member: Mark always said we should have 10 days to make appointments and 30 days to exchange….

Member: Remember Saturday nights are the best time to reset currencies while all banks are closed…. Please let this be that Sat. night we are waiting for

Member:  Have a very blessed weekend everyone and may God richly bless you all and see you all on Monday morning.

Member: I feel Ike we are living in the greatest part of History . There should be songs written about these times!

Member: 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

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.

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=FWs9Ed4ufTY

News, Rumors and Opinions Saturday 2-22-2025

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 Sat. 22 Feb. 2025

Compiled Sat. 22 Feb. 2025 12:01 am EST by Judy Byington

Judy Note: The Nation’s Economic Director announced that it was Trump’s plan all along to abolish Federal Income Tax and replace it with Tariff revenue. Our payments to the IRS were unconstitutional.

Trump is returning the US to the Gold Standard. Global Financial Crash Guaranteed If the DOGE Audit finds that Gold is not sitting in Fort Knox. US Dollar Collapse = Deep State Collapse = Global Currency Reset.

The 1871 Corporation Act (of the privately owned by foreign bankers US Inc.) was (allegedly) dissolved in 2020 and President Trump (allegedly) had 650 plane loads of US Taxpayer owned gold removed from the Vatican and returned to it’s rightful place in the new US Treasury on an Indian Reservation near Reno Nevada.

On Thurs. 30 Jan. 2025 the privately owned Fed and IRS(allegedly)  officially closed when the US Treasury withdrew from the Cabal’s Bankrupt Central Banks across the World.

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And all that happened on Fri. 21 Feb. 2025.

Fri. 21 Feb. 2025 It’s inevitable now… Income Tax is going away! Trumps National Economic Council Director on replacing the income tax with tariff revenue… is that a possibility? Absolutely…. It was his plan all along. 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 else. This is just the beginning. We are so back!! Join below and enjoy the show: https://t.me/PresidentQ45_47

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What We Think We Know as of Fri. 21 Feb. 2025:

Fri. 21 Feb. 2025: Deep State Attempts to Hide $4.7 TRILLION of Untraceable Funding Now That Trump Has Taken Over the Treasury … on Telegram

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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 (allegedly) had 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 (allegedly) dissolved in 2020. President Trump had the gold taken to it’s rightful owners – the new Republic for the United States of America Treasury (allegedly) located on an Indian Reservation near Reno Nevada.

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 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 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

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

A security force at Sparks Reno Airport report they are getting 3 flights in and 3 flights out every hour. Shelves in hanger were filled with new US Note. The US Notes were being moved to where it needs to go. Redemption Centers received more new US Notes in addition to what they had a year and a half ago.

Thurs. 20 Feb. 2025 Reno Update: It’s been a VERY busy place this week. Monday was quiet… But Tuesday, Wednesday and today it’s been crazy. Today alone we have had 37 private jets into the private terminal… yesterday 38. It’d been the same pattern… Land and at Terminal for 4 to 5 hours then leave back to their original origin. This is VERY exciting to see! We know that things are happening… ZERO doubts about it!

A source said we would get notified Saturday and begin appointments on Mon. 24 Feb.

Read full post here:  https://dinarchronicles.com/2025/02/22/restored-republic-via-a-gcr-update-as-of-february-22-2025/

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

Frank26   [Iraq boots-on-the-ground report]   FIREFLY:
They showed several individuals that were busted in the new system trying to laundry money but they can't now with this new system.  FRANK: That's right.  Security and stability was the #1 thing that was needed in order to release the new exchange rate.  That's why it's exciting right now.

Bruce   [via WiserNow]  I got...that redemption center leaders are to have received...an email...that would tell them whether or not they should go into the redemption centers...Saturday morning... 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... I don't have it confirmed from any of our normal, regular sources. They're all saying it's close...looks pretty good for us to get notifications on Saturday and start on Monday. We shall see.

They Did WHAT with the Gold?! Is A Gold Run Next?

Daniela Cambone:  2-21-2025

That's when you have a gold run or a run on the bank. And that's what could be—I want to use the word could, not would—taking place right now,” says David Morgan, publisher of The Morgan Report.

In an interview with Daniela Cambone, he compares the recent gold supply crunch in London, much of which was triggered by tariff threats as investors bought cheaper gold in London and sold it for a higher price in New York, to a traditional bank run.

“Some gold holders started to wake up and say, wait a minute, there are delays in the LBMA. There shouldn't be, or at least not that long. I'm going to get my gold back.”

Additionally, he states that some of the gold stored in Fort Knox was coin melt, meaning it was taken from gold coins, which are typically made of 90% gold, not pure gold.

“For a gold contract to be valid, it has to be 999 fine. In other words, it's just gold, it's not gold and another metal.

Chapters:

 00:00 Revalue gold

4:42 Fort Knox audit

 6:33 Gold store locations

12:11 Fort Knox gold coin melt

14:35 COMEX gold move to NY

18:10 Gold price factor

22:00 Pull back in gold

25:58 Concluding words

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

Iraq Economic News and Points to Ponder Saturday AM 2-22-25

Washington Threatens Baghdad With Sanctions If It Does Not Resume Kurdistan Oil Exports Quickly 

 02/21/2025  Mawazine News – Economy  The United States threatened the federal government in Iraq with sanctions on Friday 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 that "Washington believes that Kurdish oil sales could help reduce crude prices and compensate for the decline in Iranian supplies."

Oil Minister Hayan Abdul Ghani revealed last Tuesday that Iraq had sent a delegation from the ministry to the Kurdistan Region to agree on a mechanism for delivering and exporting the region's oil through the Turkish port of Ceyhan.

The oil minister said that contact had been made with the region's Minister of Natural Resources, Kamal Mohammed Salih, to negotiate with the delegation on the mechanism for receiving and exporting oil through the Turkish port of Ceyhan.

This came one day after Iraq accelerated the expected date for resuming 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.

Iraq exports between 400,000 and 500,000 barrels per day from fields in the north of the country, in 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 transported once operations resumed.

In Iraqi Kurdistan, oil production is between about 280,000 and 300,000 barrels per day, and the regional government estimates its domestic consumption needs — including power generation — at around 110,000 to 120,000 barrels per day. https://www.mawazin.net/Details.aspx?jimare=259748

Iraq And The United Nations Discuss The International Cooperation Mechanism To Recover Smuggled Funds

02/21/2025  Mawazine News – Baghdad  The Chairman of the Federal Integrity Commission, Mohammed Ali Al-Lami, discussed with the United Nations today, Friday, the international cooperation mechanism to recover smuggled funds.

The Integrity Commission stated in a statement received by Mawazine News, that "the Chairman of the Integrity Commission, Mohammed Ali Al-Lami, discussed with the Deputy Representative of the Secretary-General of the United Nations, Ghulam Muhammad Ishaq Zai, the international cooperation mechanism to recover smuggled funds."

According to the statement, the Chairman of the Integrity Commission, Mohammed Ali Al-Lami, said during the meeting that "corruption is a cross-border crime that requires international cooperation to reduce it."

For his part, the Deputy Representative of the Secretary-General of the United Nations, Ghulam Muhammad Ishaq Zai, expressed his readiness to "remove the obstacles that prevent Iraq from recovering its smuggled funds."  https://www.mawazin.net/Details.aspx?jimare=259725

New Reform Plans For The Banking Sector In Iraq

Time: 2025/02/21 10:51:47 Read: 3,060 times  {Economic: Al Furat News} 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.  LINK

Oil Prices Rise On Expectations Of Higher US Demand

Friday 21 February 2025 | Economic Number of readings: 298  Baghdad / NINA / Oil prices continued their gains today, Friday, in early Asian trading, and are heading for a weekly rise amid growing expectations of strong demand in the United States after data showed a decline in gasoline and distillate inventories, and prices received support from concerns about disruption to Russian supplies.

Brent crude futures rose 16 cents, or 0.2 percent, to $76.64 a barrel, and US West Texas Intermediate crude rose 17 cents, or 0.2 percent, to $72.65 a barrel, and the two crudes are heading for weekly gains of about three percent.

The US Energy Information Administration said yesterday that crude oil inventories in the United States rose while gasoline and distillate inventories fell last week after seasonal maintenance at refineries led to a decline in refining operations. / https://ninanews.com/Website/News/Details?key=1187885

Gold Retreats From Record Highs But Heads For Weekly Gains

Friday 21 February 2025 | Economic Number of readings: 329  Baghdad / NINA / Gold prices fell on Friday from the record level it recorded in the previous session, but they are still on track to achieve gains for the eighth consecutive week, supported by safe-haven demand amid concerns about former US President Donald Trump's plans to impose new tariffs, which could raise trade tensions and increase inflationary pressures.

Spot gold fell 0.4% to $2,927.89 per ounce, after hitting an all-time high of $2,954.69 on Thursday.

US gold futures also fell 0.5% to $2,942.

Among other precious metals, silver fell 0.4% to $32.79 per ounce, platinum fell 0.8% to $970.28, and palladium fell by the same percentage to $969.84. However, silver recorded a weekly increase of more than 2%, while palladium rose by 1%, while platinum fell by about 1% during the week. / End https://ninanews.com/Website/News/Details?key=1187887

Reform Committee Announces 22% Growth In Tax Revenues, With Revenues Reaching 4 Trillion Dinars

02/21/2025  Mawazine News – Economy  The Higher Committee for Implementing Tax Reform announced today, Friday, a qualitative leap in tax revenues, recording a growth rate of 22%, with revenues reaching 4 trillion dinars during the past year, while indicating that Iraq is on the verge of ending the problem of similar names through an advanced digital system that puts an end to procedural errors.

Khaled Al-Jaberi, a member of the Higher Committee for Implementing Tax Reform, said in a statement to the official agency that "tax revenues for the year 2024 recorded 3.755 trillion Iraqi dinars, in a clear indication of improving tax policies, enhancing collection efficiency, and simplifying administrative procedures," explaining that "these reforms contributed to reducing corruption, accelerating the completion of transactions, in addition to issuing incentive decisions, such as exempting taxpayers from fines and interest, which prompted many of them to settle their financial dues voluntarily."

Al-Jaberi pointed out that "the coming period will witness the resolution of three major problems that have long burdened taxpayers, in addition to ending the problem of similar names.

A digital tax inquiry system will be adopted, allowing taxpayers to know their financial status electronically without the need to review the authority. Company data will also be made available electronically to government departments, which enhances transparency, facilitates inquiry processes, and supports the investment environment."

Al-Jaberi pointed out that "the tax policy in Iraq has faced major challenges, most notably tax evasion, which has led to the budget being deprived of huge revenues, in addition to bureaucracy that hinders the efficiency of collection."

He pointed out that "the new reforms seek to address these problems by adopting a modern financial system that relies on automation, which reduces human intervention in assessment and collection, and limits the violations that were hindering the tax process."

Al-Jaberi stressed that "these steps represent a qualitative shift in tax administration, as they contribute to building a more efficient and fair financial system, enhance trust between the state and taxpayers, and prepare the ground for broader reforms in the economic system."

The member of the Supreme Committee for Implementing Tax Reform pointed out that “these measures reflect the beginning of a new phase, in which taxes are transformed from a burdensome burden into an organized process based on justice and technology, which contributes to achieving sustainable development and supporting the stability of the national economy.” https://www.mawazin.net/Details.aspx?jimare=259746

Iraq Invites Japanese Companies To Invest, Confirms Readiness For New Economic Phase
02/21/2025  Mawazine News – Baghdad  The Senior Undersecretary of the Ministry of Foreign Affairs, Ambassador Mohammed Bahr Al-Uloom, confirmed today, Friday, that Japan has contributed to the reconstruction of Iraq with 34 vital projects, while calling on Japanese companies to invest in Iraq.

Bahr Al-Uloom said, during the celebration of the Japanese Emperor's birthday and the National Day: "The relations between Japan and Iraq are historical and date back to 1939," praising "the development witnessed by these relations to reach the level of fruitful diplomatic partnership."

He added that "the name of Japan is associated in the Iraqi memory with the meanings of loyalty, honesty and efficient performance, in addition to the lofty human values ​​that are consistent with our Arab and Islamic values ​​and our ancient civilization in Mesopotamia, especially in the Sumerian and Babylonian civilizations."

He added that "the high level of civilization that Japan has achieved in the fields of economy, construction, industry and technology was not a coincidence, but rather the result of strenuous efforts made by successive generations of the Japanese people, deriving determination and strength from Japan's ancient civilization," explaining that "Japan contributed to supporting the march of freedom and democracy in Iraq after 2003, and participated with its forces in maintaining security and stability in Muthanna Governorate, an unprecedented step that left a unique humanitarian impact on the residents of the governorate."

He stated that "the two countries share in supporting each other diplomatically in international forums and UN institutions," noting that "Japan provided grants and development loans to Iraq, which contributed to the construction and rehabilitation of 34 vital projects in various Iraqi cities and regions.

he most prominent of these projects is the establishment project, which is the most recent in the Middle East and the first in Iraq to convert oil waste into high-quality derivatives, which is being implemented by the Southern Refineries Company in cooperation with the leading Japanese company "JGC", and will provide thousands of job opportunities in Basra Governorate."

He stressed that "Iraq today faces new horizons of cooperation that carry promising opportunities thanks to its stability and development in the security and economic fields, which makes it a fertile and attractive environment for investment," calling on "leading Japanese companies to be a strategic partner in this new phase of Iraq's economic renaissance, inspired by the successful Japanese experience in development and progress."

Bahr al-Uloom expressed his "admiration for the Japanese development experience," pointing to "the similarities between the two countries in geopolitical challenges."

He explained that "Iraq seeks to benefit from the distinguished Japanese model by expanding areas of cooperation and exchange of expertise," explaining that "the investments of Japanese companies in Iraq are not just a strategic choice, but rather part of the modern economic vision adopted by Iraq under the leadership of Prime Minister Mohammed Shia al-Sudani."

Bahr al-Uloom pointed to "the remarkable growth in trade cooperation between the two countries in recent years," stressing that "Iraq seeks to enhance this cooperation to include larger projects that have a greater impact on the welfare of the two peoples and the stability of the region."

He announced "Iraq's desire to expand areas of partnership," calling on "Japanese companies and institutions to intensify their presence in Iraq."   https://www.mawazin.net/Details.aspx?jimare=259733

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

Seeds of Wisdom RV and Economic Updates Saturday Morning 2-22-25

Good Morning Dinar Recaps,

CONGRESS PUSHES 5 URGENT BANKING REFORMS TO STOP DEBANKING

Lawmakers are demanding urgent FDIC action to end “debanking,” warning that unchecked regulatory power threatens financial access and could be weaponized against lawful businesses.

Lawmakers are demanding urgent FDIC action to end “debanking,” warning that unchecked regulatory power threatens financial access and could be weaponized against lawful businesses.

5 Recommendations to End ‘Debanking’: Congress Pressures FDIC to Act Now

House Financial Services Committee Chairman French Hill, along with Representatives Dan Meuser, Andy Barr, and Bryan Steil, have urged the Federal Deposit Insurance Corporation (FDIC) to implement clearer regulations on digital assets.

In a letter addressed to FDIC Acting Chairman Travis Hill, the lawmakers expressed concerns over reports that federal regulators have pressured banks to deny services to cryptocurrency-related businesses, a practice known as “debanking.”

Emphasizing transparency and accountability in financial oversight, they warned of potential future misuse of regulatory authority, stating:

We are concerned that if we do not make the necessary changes, future Administrations will continue to operate under the Choke Point playbook using the supervisory process to debank disfavored industries.

The lawmakers proposed five key recommendations for the FDIC.

First, they urged the agency to require all banking supervisory guidance to be written and made public, preventing the use of informal verbal-only directives.

Second, they called for financial institutions to provide a clear rationale when closing customer accounts, ensuring greater accountability while adhering to the Bank Secrecy Act.

Third, they pushed for the elimination of “reputational risk” as a regulatory factor, arguing that it has been misused to justify unfair banking restrictions.

Fourth, they recommended an external review process for all supervisory guidance to weigh regulatory benefits against the impact on financial access.

Finally, they emphasized that all regulations should be applied uniformly across financial institutions to prevent selective enforcement.

The legislators acknowledged that some of these reforms might require congressional approval but urged the FDIC to take action where possible. They wrote:

While we understand that there is still a need for Congressional action to help clarify regulations surrounding digital assets, we hope that you will look at these recommendations and implement them appropriately.

They also requested clarification on which recommendations would require legislative intervention, noting: “Please let us know which recommendations you believe require an act of Congress to help better inform our legislative efforts.” The letter reflects growing concerns in Congress about ensuring fair banking access for digital asset firms and preventing regulatory overreach against specific industries.

@ Newshounds News™

Source:  Bitcoin News

~~~~~~~~~

ZELENSKY SURRENDERS TO TRUMP AND 'WILL SIGN MINERAL DEAL WITHIN HOURS'

Donald Trump appears to have won his trade standoff with Volodymyr Zelensky, as the Ukrainian president is set to give in and sign a deal giving the U.S. access to deposits of critical minerals.

The deal was seen as crucial for satisfying Washington's demands for a peace settlement between Ukraine and Russia to end their three-year long war.

Zelensky told a nightly video address on Friday that teams of American and Ukrainian negotiators are working on a draft agreement, signaling an imminent deal.

'This is an agreement that can strengthen our relations, and the key is to work out the details to ensure its effectiveness,' he said. 'I look forward to the outcome - a just result.'

It's a staggering surrender by Zelensky, who just days earlier angrily lashed out at Trump saying: 'I can't sell our country.'

Trump told reporters in the Oval Office on Friday evening: 'We're signing an agreement, hopefully in the next fairly short period of time.'

A deal could be struck as soon as Saturday, people briefed on negotiations told the Wall Street Journal. The exact terms are not yet clear, however Trump had been pushing for $500 billion worth of minerals in exchange for continued military support.

It comes after Zelensky angered Trump so much during negotiations that the president threatened to completely pull US funding from Ukraine, Axios reported.

@ Newshounds News™

Source:  Daily Mail

~~~~~~~~~

BRICS: VLADIMIR PUTIN CALLS FOR RUSSIA TO PARTNER WITH ELON MUSK

BRICS Member Russia’s President Vladimir Putin is calling for the country to partner with Elon Musk, according to Deputy CEO of Gazprombank Dmitry Zauers. The Russian Bank’s CEO says that Putin spoke to him about joining forces with Musk to advance the country’s technology development.

“Join forces with Musk,” Putin reportedly told Zauers. “When he is finished reforming administrative agencies in the US, he will get back go back to science. You should work with him. We are already negotiating to work together in space, we can collaborate in this sphere also,” the Russian leader added.

Zauers says he told the Russian President about domestically produced batteries used in aerospace applications and neurochips. They are “our answer to Elon Musk,” the banker said, as Musk is a giant in the tech industry himself. However, Putin wants to partner with the Tesla and SpaceX founder, not rival him.

Russia and the US: Elon Musk to Serve as the Bridge for Partnership?

Putin and Russia have explored several working relationships with the US and US representatives in the past few months since Donald Trump’s presidential nomination. Recent reports reveal that Russia is now eyeing deals with the Trump administration to save its economy from collapsing.

Indeed, the two countries discussed possible cooperation on energy projects in the Arctic during a meeting in Saudi Arabia. Kirill Dmitriev, the head of the state-owned Russian Direct Investment Fund (RDIF) confirmed that both sides negotiated some “specific areas of cooperation” and also discussed other economic policies in broad strokes.

Elon Musk has yet to comment on the reported request by Russia’s Vladimir Putin. While Donald Trump works to battle BRICS, the DOGE department leader has previously been in contact with the Russian President. It’s unclear if Musk would accept such a partnership, as he’s previously said Russia “can’t afford me.”

@ Newshounds News™

 Source: Watcher Guru 

~~~~~~~~~

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“Tidbits From TNT” Saturday Morning 2-22-2025

TNT:

Tishwash:  Nechirvan Barzani talks about a historic step: Iraq will be more prosperous

Kurdistan Region President Nechirvan Barzani stressed today, Saturday, that the path of development is a historic step towards building a more prosperous Iraq.

Barzani said in his speech during the Baghdad Dialogue Conference, “We support the development path project to strengthen Iraq as an effective state in the Middle East. We in the Kurdistan Region always believe that political and economic stability for all of Iraq is a national interest, and that true development cannot be achieved without integration between Baghdad and Erbil, as well as between Iraq and its surrounding countries in the region and the world.”

He added, "This conference emulates Iraq's vision for regional opening and integration, and the sustainability of Iraq requires cooperation and partnership, not conflict and restriction.

From this standpoint, the Development Road Project comes as an initiative and a historic step to build a more stable and prosperous Iraq on diverse economic foundations, regional openness, and integration with neighboring countries.   link

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

Clare:  Iraq invites Japanese companies to invest, confirms readiness for new economic phase

 The Senior Undersecretary of the Ministry of Foreign Affairs, Ambassador Mohammed Bahr Al-Uloom, confirmed today, Friday, that Japan has contributed to the reconstruction of Iraq with 34 vital projects, while calling on Japanese companies to invest in Iraq.

Bahr Al-Uloom said, during the celebration of the Japanese Emperor's birthday and the National Day: "The relations between Japan and Iraq are historical and date back to 1939," praising "the development witnessed by these relations to reach the level of fruitful diplomatic partnership."

He added that "the name of Japan is associated in the Iraqi memory with the meanings of loyalty, honesty and efficient performance, in addition to the lofty human values ​​that are consistent with our Arab and Islamic values ​​and our ancient civilization in Mesopotamia, especially in the Sumerian and Babylonian civilizations."

He added that "the high level of civilization that Japan has achieved in the fields of economy, construction, industry and technology was not a coincidence, but rather the result of strenuous efforts made by successive generations of the Japanese people, deriving determination and strength from Japan's ancient civilization," explaining that "Japan contributed to supporting the march of freedom and democracy in Iraq after 2003, and participated with its forces in maintaining security and stability in Muthanna Governorate, an unprecedented step that left a unique humanitarian impact on the residents of the governorate."

He stated that "the two countries share in supporting each other diplomatically in international forums and UN institutions," noting that "Japan provided grants and development loans to Iraq, which contributed to the construction and rehabilitation of 34 vital projects in various Iraqi cities and regions.

The most prominent of these projects is the establishment project, which is the most recent in the Middle East and the first in Iraq to convert oil waste into high-quality derivatives, which is being implemented by the Southern Refineries Company in cooperation with the leading Japanese company "JGC", and will provide thousands of job opportunities in Basra Governorate."

He stressed that "Iraq today faces new horizons of cooperation that carry promising opportunities thanks to its stability and development in the security and economic fields, which makes it a fertile and attractive environment for investment," calling on "leading Japanese companies to be a strategic partner in this new phase of Iraq's economic renaissance, inspired by the successful Japanese experience in development and progress."

Bahr al-Uloom expressed his "admiration for the Japanese development experience," pointing to "the similarities between the two countries in geopolitical challenges."
He explained that "Iraq seeks to benefit from the distinguished Japanese model by expanding areas of cooperation and exchange of expertise," explaining that "the investments of Japanese companies in Iraq are not just a strategic choice, but rather part of the modern economic vision adopted by Iraq under the leadership of Prime Minister Mohammed Shia al-Sudani."

Bahr al-Uloom pointed to "the remarkable growth in trade cooperation between the two countries in recent years," stressing that "Iraq seeks to enhance this cooperation to include larger projects that have a greater impact on the welfare of the two peoples and the stability of the region."

He announced "Iraq's desire to expand areas of partnership," calling on "Japanese companies and institutions to intensify their presence in Iraq." link

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

Tishwash:  The United Nations announces its support for Iraq in recovering its smuggled funds and combating cross-border corruption

The Deputy Representative of the Secretary-General of the United Nations, Ghulam Mohammad Ishaqzai, expressed his readiness today, Friday, to remove the obstacles that prevent Iraq from recovering its smuggled funds.

The head of the Federal Integrity Commission (Mohammed Ali Al-Lami), according to a statement by the Integrity Commission received by (Al-Mada), stressed "the importance of cooperation with international organizations to recover Iraq's smuggled funds, indicating that corruption and the smuggling of its proceeds have become problems that cross borders and continents and require international cooperation to limit them.

During his meeting with (Ghulam Mohammad Ishaqzai), Deputy Special Representative of the Secretary-General of the United Nations for Iraq, Al-Lami praised the programs launched by the organizations affiliated with the United Nations and their assistance to Iraq in various fields after 2003; to overcome the problems and dilemmas left by the dictatorial regime and to support state institutions to advance them after the damage they suffered after the change, noting that Iraq is one of the first countries to join the United Nations and the treaties and agreements emanating from it, including the United Nations Convention against Corruption.

Al-Lami expressed his "hope that international organizations would help Iraq recover its funds that were looted before 2003, and for which binding resolutions were issued by the UN Security Council, pointing to the establishment of the Iraq Fund Recovery Fund to recover all financial rights of the Republic of Iraq that were obtained by others through illegal means; as a result of the misuse of the Oil for Food Program, the blockade, smuggling, economic sabotage, or exploitation of the sanctions imposed on Iraq; to achieve financial gains at the expense of the Iraqi people."

He stressed the need to implement international resolutions and restore Iraq's money, in order to invest it in the reconstruction process, build infrastructure and achieve development.

For his part, Ghulam Mohammad Ishaqzai, Deputy Special Representative of the Secretary-General of the United Nations, expressed his "readiness to overcome the obstacles that prevent Iraq from recovering its smuggled funds, and to continue cooperating with the Iraqi oversight agencies to hold workshops and seminars to develop their staff and increase their expertise in the field of preventing, combating, and prosecuting corruption perpetrators."

He praised "the pioneering experiences of the Iraqi Integrity Commission, stressing the importance of establishing strategic partnerships with the Commission based on the experiences gained by the organizations affiliated with the United Nations in dealing with international files in various parts of the world.  link

Mot: .. Been Really Cold this Winter - But Maybe ~~~

Mot: Just aSaying!!!! 

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#

What Frank’s suit color’s mean…. FRANKS SUIT COLORS FOR CC'S..... WHITE = NEW INFO…. SILVER = INTEL FROZEN…. RED= HIGH ALERT… PURPLE=GUEST WITH US…. BLUE = AIR FORCE…. BLACK = GROUND/FF’S…. GREEN= MR OR FAB 4 ... GOLD = CHANGE… ORANGE=IMPLEMENTATION

https://www.youtube.com/watch?v=uesWC9rbfvg

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."

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

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

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

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

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

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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