Chats and Rumors, Economics Dinar Recaps 20 Chats and Rumors, Economics Dinar Recaps 20

News, Rumors and Opinions Monday 2-24-2025

DJ: DID YOU KNOW?

With the new administration making bold and sweeping changes, adapting the proper mindset will be crucial for the success of their efforts. Governmental policy changes, in particular, have profound effects on economies, businesses, and everyday citizens.

When the status quo is ineffective, change becomes necessary to address systemic flaws and inefficiencies. Learning to accept these changes requires an open mindset, adaptability, and a willingness to engage with civic processes.

 Change is an inevitable part of life, influencing individuals, organizations, and societies in various ways. While it often leads to growth and improvement, it can also bring uncertainty and resistance.

DJ: DID YOU KNOW?

With the new administration making bold and sweeping changes, adapting the proper mindset will be crucial for the success of their efforts. Governmental policy changes, in particular, have profound effects on economies, businesses, and everyday citizens.

When the status quo is ineffective, change becomes necessary to address systemic flaws and inefficiencies. Learning to accept these changes requires an open mindset, adaptability, and a willingness to engage with civic processes.

 Change is an inevitable part of life, influencing individuals, organizations, and societies in various ways. While it often leads to growth and improvement, it can also bring uncertainty and resistance.

That being said we can look at current events, as related to a GCR/RV, two different ways. One way to view it is, as long as all these mass changes are being implemented it would make sense to throw the GCR/RV into the mix since the public is already establishing the mindset to adjust and accept these changes.

On the other hand, it also makes sense for these sweeping changes to take root and level out, to be operational, before throwing in a currency revaluation.

Either way preparing the mindset for the global public to accept systemic financial changes will be no easy task. Most will obviously benefit from the changes but as in all things that change there will be those who are comfortable with the status quo and resistant to leaving their comfort zones.

Even if the “status quo” is inefficient, it has been the world they have learned to live in. New learning curves are rarely something someone wants to engage in. (Think about every time you had to get used to a new phone).

As the U.S. goes, so goes the rest of the world. When the U.S. makes changes other nations have to adjust, in one way or another, to our policies. Sometimes good. Sometimes not so good. But either way they have to adapt.

First you have to build the boat. (The boat is all the mechanisms and systems required to implement the GCR). Then you have to see if the boat floats ( Is everything working?) Then you send the boat to sea to cross the oceans. The boat has been under construction for years and is ready to see if it floats.

Puts a whole different meaning to the cliché “whatever floats your boat” doesn’t it?  DJ

https://dinarchronicles.com/2025/02/24/the-office-of-poofness-weekly-report-update-from-poof-and-dj-2-23-25/

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

Frank26   Iraq...is international without a doubt.  The problem is they have not release the REASON why you are international yet.  That will be a new exchange rate with a new denomination of currencies called the lower notes.

Militia Man   Article:  "Reform committee announced 22% growth in tax revenues with revenues reaching 4 trillion dinars."  Why is that important Remember Iraq's valuation is based off of oil...That's not true.  There's non-oil and there's tax revenues [now].  That valuation at $3.22 for the dinar back a long time ago was based off only oil.  Now they have non-oil.  They have growth.  There's not even talking about gas.  Iraq has a massive amount of revenue streams...Keep that in mind when it comes to the valuation - a real effective exchange rate.  Because they're going to be able to use real fundamentals...Take it seriously...This is for real...it's going to be big money and it's going to have a global impact.

"MOST Don't Know It YET..." - Robert Kiyosaki

FreeNvesting:  2-23-2025

https://www.youtube.com/watch?v=DNrrqciJ5Vs

How They Plan to Cancel the National Debt

Heresy Financial:  2-24-2025

TIMECODES

00:00 The Debt Problem: More Than the U.S. Money Supply

01:01 Fraud Allegations: Trump’s Debt Reduction Claim

02:41 Debt Held by Government & the Fed

04:21 Two-Track Strategy: Produce vs. Print

 05:04 Production Solutions: Tax Cuts, Spending Cuts, Deregulation

07:11 Printing Solutions: QE, Bank Regulation, Sovereign Wealth Fund

 09:56 Debt to GDP Cycle: Lessons from WWII & 1980

11:45 The Next Inflationary Deleveraging

13:20 Why You Need Inflation-Proof Assets

https://www.youtube.com/watch?v=IBtM5ZdLj98

 

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Chats and Rumors, MarkZ Dinar Recaps 20 Chats and Rumors, MarkZ Dinar Recaps 20

“Coffee With MarkZ” Monday Morning Chat 2-24-2025

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

MarkZ  Update- Some highlights by PDK-Not verbatim

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

Member: Happy Monday morning…..welcome to a new week

Member: We will probably won’t have much news since it’s Monday. Probably everything is dried up from the weekend

Member: Ok Everyone who's ready to turn this page???

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

MarkZ  Update- Some highlights by PDK-Not verbatim

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

Member: Happy Monday morning…..welcome to a new week

Member: We will probably won’t have much news since it’s Monday. Probably everything is dried up from the weekend

Member: Ok Everyone who's ready to turn this page???

Member: Every week, I feel like it’s ground hogs day with the RV…..

MZ: Stay hopeful…..we will get to the end of this ….we don’t know the exact timing…but so much is lining up. Today is far better than a normal Monday morning.

Member: What happened to the spendable money bond facilitators had gotten last week? Any movement since then?

MZ: This is very unusual for a Monday Morning…but I am already hearing from Historic bond contacts. A number of them have bond contracts for later in the day tomorrow. They are expecting spendable money. So my fingers are crossed for the next 24 hours. Hoping we can cross to the other side of that bridge to track solid movement of bond holders themselves. Not just paymasters and facilitators.

MZ: It is very unusual to get information this early on a Monday Morning.

Member: I think we are possibly waiting for the audits of the UST, the Fed and Ft. Knox for us currency holders to exchange. ……..I don’t think they can do a reset without fixing our big financial system issues.

Member: Then let’s hope they move quickly and get it done.

Member: Mark do you think the RV will happen in April?

MZ: I am not ruling out February yet.

Member:  Census data released today in Iraq. There was a power outage during the press conference. Shows the need for improvements on electrical power grid generation

Member: MM site posted this morning the Iraq would start pumping oil by the end of the week, do you think they are waiting for the first of the month

Member: Ramadan starts in a couple days…..we might as well relax for month….nothing will happen at that time.

Member: Mark has said several times that revaluations have happened during Ramadan

MZ: No part of me thinks that it matters that it is Ramadan soon. Historically many countries in that region have changed rates during Ramadan. But it is still possible to see this before Ramadan…It may be a very “lucky” time to do this RV during Ramadan.

Member: I think Ramadan starts in 4 days….sunset on Thursday .

MZ: In Iraq:  “ Al Sadr responds to Maliki –We will not participate in any government that has a framework” Why is this important? They are removing bad influences….they want things cleaned up.

MZ: “Kurdish administration resumes oil deliveries to Syrian government for first time since Assad was toppled” This should halp Syria become more stable again….they are still working on infrastructure, power plants and pipelines.

MZ: “Baghdad and Erbil form a joint technical team to inspect the readiness of the Kurdistan oil Export Pipeline”  this pipeline had been mothballed for a couple years and is now roaring to life. They are planning to test it in the next 18 hours or so to start again moving oil through Turkey for sales.

MZ: “Iraq is redrawing its economic map : precious metals in the façade” The government moves to diversify its non- oil sectors. They are sitting on tremendous reserves and now they are developing them. There is much more in Iraq’s income then just oil. They have many gold, silver,  and phosphate and precious metals……They have far more resources now then what they did under Saadam Hussein when the Iraqi dinar was worth over $3.  

Member: These are things the US also need……hope they get working on that soon over here as well.

Member: March 4 was the day set by our Confederation Congress in 1788 for our new government under our Constitution to begin operations. Our 1st Congress met March 4, 1789.

Member: Skye Prince announced Sunday morning that they have rolled out for tier 1 and tier 2!!! Medbeds are suppose to rollout simultaneously with the RV!!

Member: Does anyone else's family or friends think your nuts to invest in dinar?

Member: You are not alone …really looking forward to saying “I told you so” to people who mock me.

Member: When this is done, I say we outlaw the word “close”

Member:  Things are feeling so positive lately. I'm feeling so up for this week. Something seems like it's finally a go!!

Member: Thanks Mark and mods….everyone have a wonderful day.

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

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

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

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

Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, medical opinions or many guests on this stream……just RV/currency related topics.

 ZESTER'S LINK TREE: https://linktr.ee/CrazyCryptonaut

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

Rumble:  https://rumble.com/c/c-5970132

Youtube:     https://www.youtube.com/watch?v=2yfO-YnI8Q8

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Awake-In-3D, Economics Dinar Recaps 20 Awake-In-3D, Economics Dinar Recaps 20

Audit Fort Knox Now: The Gold Currency Reset That Could Change Everything

Audit Fort Knox Now: The Gold Currency Reset That Could Change Everything

Awake-In-3D  February 22, 2025

Could missing gold at Fort Knox trigger a global currency overhaul? The future of the dollar hangs in the balance.

Could the contents of Fort Knox hold the key to the next global financial upheaval? Speculation is mounting that a long-overdue audit of America’s gold reserves could reveal unsettling truths—truths that might trigger a Gold Currency Reset and redefine the global economic landscape.

As questions swirl about whether the U.S. gold supply is truly intact, the stakes have never been higher.

Audit Fort Knox Now: The Gold Currency Reset That Could Change Everything

Awake-In-3D  February 22, 2025

Could missing gold at Fort Knox trigger a global currency overhaul? The future of the dollar hangs in the balance.

Could the contents of Fort Knox hold the key to the next global financial upheaval? Speculation is mounting that a long-overdue audit of America’s gold reserves could reveal unsettling truths—truths that might trigger a Gold Currency Reset and redefine the global economic landscape.

As questions swirl about whether the U.S. gold supply is truly intact, the stakes have never been higher. The outcome could either restore faith in the dollar or ignite a seismic shift that challenges the foundations of the international financial system.

The Gold Standard’s Legacy and the Foundation of Trust

The significance of U.S. gold reserves cannot be overstated. Until 1971, the U.S. dollar was directly tied to gold through the Bretton Woods system, with every dollar effectively backed by the nation’s physical gold holdings. This foundation made the dollar the linchpin of the global financial system, offering unparalleled stability and global trust.

However, the severing of the gold standard in 1971 fundamentally changed the landscape. Since then, the dollar has operated as a fiat currency, backed by the perceived strength of the U.S. economy rather than tangible assets. Despite this shift, gold reserves have remained a powerful symbol of national financial integrity and global confidence.

Today, the U.S. claims to hold approximately 8,133 tons of gold, with more than half allegedly secured at Fort Knox. Yet, doubts persist. Persistent rumors suggest that portions of these reserves were possibly sold off, leased, or otherwise diminished without public disclosure. If these suspicions prove true, the financial ramifications would trigger catastrophic consequences—potentially leading to the largest loss of confidence in U.S. financial history.

Opening the Vaults: A Defining Moment for Global Trust

The U.S. Treasury Secretary, Scott Bessent, has repeatedly assured the public that all gold reserves are intact, citing routine audits that allegedly verify the presence of America’s gold stockpile. A report from September 30, 2024, confirmed that these reserves remain accounted for, and senators are reportedly allowed to request inspections.

Yet, skepticism lingers. Why is there such a push for a public audit now? Why involve a figure as politically charged as former President Trump? These developments hint at deeper concerns within the political and financial establishment about global confidence in the dollar—and whether those fears might be justified.

If a comprehensive audit reveals missing or diminished reserves, the shockwaves would be felt worldwide. An empty or compromised Fort Knox would likely accelerate calls for a Gold Currency Reset, forcing nations to reevaluate their reliance on the U.S. dollar as the world’s primary reserve currency.

Gold’s Role in a Potential Global Currency Reset

A Gold Currency Reset is not just an economic theory—it’s a financial shift that many believe has been slowly building for years. Central banks across the world, particularly in China and Russia, have been amassing gold reserves in preparation for a possible transition away from a dollar-dominated system.

If the United States were found lacking in its own gold holdings, the repercussions would trigger a global financial realignment. Nations may seek to establish a new reserve currency backed by gold or a basket of stable assets. Such a move would dramatically reduce the U.S.’s influence on international financial markets and weaken its geopolitical leverage.

A discovery that Fort Knox’s vaults are empty—or even partially depleted—would be the spark that ignites this shift. Countries already wary of U.S. monetary policy, particularly the ongoing cycle of money printing and inflation, would likely take drastic measures to protect their economies from a potential dollar collapse.

The Revaluation of Currencies: Unlocking Hidden Wealth or Revealing Hidden Risk?

Beyond the potential for a currency reset, an audit would also force the United States to reevaluate the official value of its gold reserves. Currently, U.S. gold is still valued at a mere $42.22 per ounce on the Treasury’s balance sheet—a relic of an outdated system. Meanwhile, the market price of gold has surged toward $3,000 per ounce.

If the government were to revalue its gold reserves to reflect market realities, the implications would have enormous consequences. A revaluation would instantly increase the paper value of America’s gold holdings, potentially unlocking hundreds of billions of dollars to offset national debt or fund economic recovery efforts.

However, this strategy comes with risks. Revaluing gold would send a shock through global markets, causing other countries to follow suit. Such moves would dramatically alter currency exchange rates and destabilize financial markets in the short term. Worse still, if the audit revealed that U.S. gold reserves were lacking, any attempt at revaluation would likely backfire—accelerating a loss of faith in the dollar and pushing the global economy closer to a full-scale Gold Currency Reset.

What If the Vaults Are Empty? A Scenario with Global Consequences

The most unsettling scenario remains the possibility that the Fort Knox vaults are not as full as officials claim. If an audit reveals discrepancies, it would trigger the most significant monetary shift in U.S. history—surpassing even the collapse of Enron or the financial crisis of 2008.

Such a revelation would devastate global trust in the dollar, leading foreign governments and investors to dump U.S. Treasury bonds en masse. With foreign entities holding over $9 trillion in U.S. debt, a sudden selloff would crash bond markets, spike interest rates, and send the U.S. economy into a severe recession.

On the global stage, rivals like China and Russia would likely seize the opportunity to promote their own currencies—potentially backed by gold or other assets—as alternatives to the dollar. This shift would mark the beginning of a multipolar financial world, where the U.S. no longer holds the dominant economic position it has enjoyed since World War II.

The Road Ahead: Transparency as the Last Defense

As the world watches with bated breath, the pressure is mounting for full transparency. A comprehensive, independent audit of U.S. gold reserves would either reaffirm global confidence or expose vulnerabilities that would trigger unprecedented financial upheaval.

If the U.S. gold reserves are indeed intact, such verification would help stabilize markets, reinforce trust in the dollar, and delay or prevent the onset of a Gold Currency Reset. However, if the audit uncovers discrepancies, the financial system as we know it would be on the brink of a historic transformation.

In the end, gold remains more than a commodity—it is the ultimate symbol of trust in the global financial system. And as the world waits for the vaults of Fort Knox to open, one thing is clear: the results would determine not just the future of the U.S. dollar, but the fate of the entire global economy.

=======================================

© GCR Real-Time News

Visit the GCR Real-Time News website and search 100’s of articles here: Ai3D.blog

Join my Telegram Channel to comment and ask questions here: GCR_RealTimeNews

Follow me on Twitter: @Real_AwakeIn3D

 

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Economics, Gold and Silver, News DINARRECAPS8 Economics, Gold and Silver, News DINARRECAPS8

Seeds of Wisdom RV and Economic Updates Monday Morning 2-24-25

Good Morning Dinar Recaps,

MONTANA JOINS GROWING LIST OF US STATES KNOCKING BACK BITCOIN RESERVE BILLS

Montana joins North Dakota, Wyoming, and Pennsylvania in halting proposals to include Bitcoin in state reserves.

Montana’s attempt to invest public funds in Bitcoin was thwarted on Friday when a piece of legislation failed to gain approval in the House of Representatives.

Good Morning Dinar Recaps,

MONTANA JOINS GROWING LIST OF US STATES KNOCKING BACK BITCOIN RESERVE BILLS

Montana joins North Dakota, Wyoming, and Pennsylvania in halting proposals to include Bitcoin in state reserves.

Montana’s attempt to invest public funds in Bitcoin was thwarted on Friday when a piece of legislation failed to gain approval in the House of Representatives.

House Bill 429, introduced earlier this month by Representative Curtis Schomer, sought to create a special revenue account allowing up to $50 million to be allocated for crypto, stablecoins, and precious metals

The aim, according to Schomer, was to diversify the state’s assets and potentially provide higher returns than traditional bond investments.

Even though Bitcoin (BTC) was the only digital asset to meet the criteria set by the bill with $1.8 trillion in market cap, it encountered strong opposition from lawmakers, culminating in a 41-59 vote in the House.

Montana now joins a growing list of states that have rejected Bitcoin reserve proposals, including North Dakota, Wyoming, and Pennsylvania.

While Montana has opted for caution, the push for Bitcoin reserves is gaining momentum elsewhere, with several other states moving faster than the federal government to integrate cryptos into public finance.

Roughly 19 state proposals are still pending, as per Bitcoin Reserve Tracker data, including in Arizona, Illinois, Kentucky, Maryland, Oklahoma, New Hampshire, and Texas, among others.

Utah’s Blockchain and Digital Innovation Amendments bill, which allows the state treasurer to allocate up to 5% of public funds to digital assets, is still pending.

Arizona’s Senate Finance Committee has advanced a bill proposing to allow up to 10% of public funds, including pension systems, to be invested in crypto.

The bill now heads to the Senate Rules Committee for additional examination and, if greenlit, will proceed to the House of Representatives for further consideration.

Texas is also exploring two separate bills: one permitting up to 1% of the general revenue fund to be allocated to Bitcoin and another focused on Bitcoin donations and crypto payment conversions.

Meanwhile, countries such as Switzerland, Brazil, Japan, and Russia are also exploring the potential of using Bitcoin as part of their national reserve strategies.

@ Newshounds News™

Source:  Decrypt

~~~~~~~~~

GEORGIA INTRODUCES NEW BITCOIN RESERVE BILL

Yet another strategic Bitcoin reserve (SBR) bill has been submitted to the Georgia Senate Notably, the legislative effort (SB 228) was introduced by the Democrats.  The bill has emerged as a partisan competitor to the SBR bill that was put forward by the Republicans (SB 178) ten days ago.

Notably, the bill that was introduced by the Democrats has no investment limit. For comparison, the competing bill has a 5% cap.  Overall, more than 20 state-level SBR bills have now been introduced in the US.

@ Newshounds News™

Source:  U Today

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

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Q & A Classroom Link  

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Economics DINARRECAPS8 Economics DINARRECAPS8

Could $5,000 DOGE Stimulus Checks Really Happen?

Could $5,000 DOGE Stimulus Checks Really Happen? Here's What We Know.

Mike Snider, USA TODAY  Sat, February 22, 2025

Could President Trump issue DOGE stimulus checks? The idea of $5,000 refunds from the ongoing drive to reduce federal spending has been floated.

But don't add that bonus to your account just yet. That's because DOGE, the Department of Government Efficiency, ideally must meet its $2 trillion savings goal to make the kickback feasible. And that accomplishment is something even Elon Musk, the unofficial leader of DOGE, said may not be doable back in January.

Still, President Trump on Wednesday said the administration is considering giving 20% of "DOGE savings" to citizens. His comments came a day after Musk said he would confer with Trump about the idea.

Could $5,000 DOGE Stimulus Checks Really Happen? Here's What We Know.

Mike Snider, USA TODAY  Sat, February 22, 2025

Could President Trump issue DOGE stimulus checks? The idea of $5,000 refunds from the ongoing drive to reduce federal spending has been floated.

But don't add that bonus to your account just yet. That's because DOGE, the Department of Government Efficiency, ideally must meet its $2 trillion savings goal to make the kickback feasible. And that accomplishment is something even Elon Musk, the unofficial leader of DOGE, said may not be doable back in January.

Still, President Trump on Wednesday said the administration is considering giving 20% of "DOGE savings" to citizens. His comments came a day after Musk said he would confer with Trump about the idea.

Even if the idea of $5,000 stimulus checks evolves, Congress would need to approve a dispersal of funds to taxpayers. Here's what we know so far.

Where did the idea for $5,000 DOGE stimulus checks come from?

"Anti-woke" investor James Fishback, CEO and co-founder of Azoria Partners, suggested the idea on X on Feb. 14 and lobbied Musk on the idea of $5,000 checks – based on the $2 trillion in savings accrued from DOGE – leaving the rest to pay down the national debt.

"American taxpayers deserve a ‘DOGE Dividend’: 20% the money that DOGE saves should be sent back to hard-working Americans as a tax refund check. It was their money in the first place," Fishback posted.

"@ElonMusk, let’s do this! This is how we rebuild trust in our government," he said.

In discussing the possible dividend on CNN on Saturday, Fishback said, the potential for a check of up to $5,000 would "incentivize Americans to report waste, fraud and abuse in their own community. Why? Because the more that DOGE saves, the bigger their check will be."

How would $5,000 stimulus checks happen? Who would get them?

Back in 2020, Congress passed – and President Trump signed – a $2 trillion bipartisan stimulus package to address the economic struggles caused by the COVID-19 pandemic. The package included $1,200 checks to qualifying individuals and $2,400 for most married couples filing jointly with an extra $500 for each qualifying child under age 17.

Those stimulus checks were sent to persons who had filed tax returns in the two previous years or received Social Security or veterans’ benefits.

Also included: funding for small business loans and grants, and additional weekly unemployment insurance payments.

What has President Trump said about DOGE dividend checks?

TO READ MORE:  https://www.yahoo.com/news/could-5-000-doge-stimulus-194354650.html

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Economics, News Dinar Recaps 20 Economics, News Dinar Recaps 20

“Tidbits From TNT” Monday Morning 2-24-2025

TNT:

Tishwash: Iraq's 2025 Budget Schedules "You're Going Where You Are" and the Reason: Amendments to Article 12

Parliamentary Finance: No signs of sending the tables due to the amendments to Article 12 that changed the equation.

The fate of the 2025 budget tables remains uncertain, despite the approval of the amendments. She pointed out thatFinance Committee There is no intention to send the latter, citing the continued amendments to Article 12 that will affect revenue and expenditure figures. There are also warnings that this delay may negatively affect many entitlements. 

TNT:

Tishwash: Iraq's 2025 Budget Schedules "You're Going Where You Are" and the Reason: Amendments to Article 12

Parliamentary Finance: No signs of sending the tables due to the amendments to Article 12 that changed the equation.

The fate of the 2025 budget tables remains uncertain, despite the approval of the amendments. She pointed out thatFinance Committee There is no intention to send the latter, citing the continued amendments to Article 12 that will affect revenue and expenditure figures. There are also warnings that this delay may negatively affect many entitlements.  link

Tishwash:  Ramadan between spirituality and the blaze of prices.. Warnings as the holy month approaches

Economic expert Ahmed Al-Tamimi warned, today, Sunday (February 23, 2025), of the rise in food prices with the approach of the month of Ramadan.

Al-Tamimi told Baghdad Today, "There is a fear among the Iraqi street of rising food prices with the approach of the holy month of Ramadan, especially with the presence of some greedy merchants, and this is why we find a rush to the markets these days for shopping, fearing a rise in prices in the coming few days."

He added, "The competent supervisory authorities in the Ministry of Interior and the Ministry of Commerce must monitor prices in the markets on a daily basis to prevent any manipulation of prices and raise the prices of some food items that are in high demand during the month of Ramadan. This sends messages of reassurance to citizens."

Ramadan is a special time for Muslims, when people come together in a special spiritual and social atmosphere. However, many face increasing economic challenges during this month, most notably the rise in prices of food and basic products, which burdens low-income families.

There are many reasons for this increase in prices, including increased demand for food, some traders taking advantage of this opportunity to raise prices, in addition to problems related to supply chains and economic inflation. In some countries, governments are seeking to take control measures to limit these increases, such as imposing fixed prices or providing support for some basic commodities. link

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Tishwash:  Huge" wealth.. What do you know about "precious" minerals in Iraq?

 Economy Sumerian is witnessing Iraq An important shift in its economic strategy, as the government is moving towards diversifying sources of income and strengthening non-oil sectors, with the project to localize precious metals among the most prominent projects on this path.

And decided The Council The Industrial Coordination Committee on February 16th localized the manufacture of precious metals, including gold and jewelry, in addition to cosmetic products, with a focus on providing all necessary facilities for those wishing to establish their own factories.

And occupiesIraq28th place globally and 4th in the Arab world - afterSaudi ArabiaLebanon and Algeria - in the classificationCountriesThe highest gold reserves in the world, according toThe Council GlobalFor gold.

According to the latest table published by the Council, "Iraq raised its gold holdings to 162.7 tons, representing 12.7% of its total other reserves."

The Central Bank also resolvedIraqiRanked first in the Arab world and seventh globally on the list of banksCentralMost purchased gold in 2024, according to the Gold Council dataGlobalThe volume of purchases reachedIraqAbout 20 tons of gold.

A qualitative leap, confirmed Abdul Hassan Al-Ziyadi, a member of the Businessmen Union Council.IraqiThe new government’s plans in the industrial field, especially its orientation towards localizing precious metals, will represent a qualitative leap for Iraq, and will enable it to achieve leaps at the level ofGlobalIn the field of investment.

Al-Ziyadi said that the project of localizing precious or rare materials, or the rare metals industry, is one of the successful projects in Iraq, because the landIraqIt contains sufficient and surplus raw materials to launch such projects.

He pointed out thatIraqIt has rare and precious resources, and is one of the good and fruitful spots for gold, and other projects such as phosphate, and other precious metals, especially in Anbar Governorate.

Al-Ziyadi explained thatIraqHe began to think about using these resources and supporting the localization project to develop and benefit from it, stressing that the current government is ready to work and develop the work of its institutions, and direct it towards investment and encouraging investments.

He pointed out thatIraqHe began to think about building economic institutions of good benefit, and he also began to think about the precious metals that he could exploit to develop his economy.

Huge wealth awaits investment and is consideredIraqA country rich in its diverse mineral resources, as these resources are spread across its various governorates, and Anbar Governorate is the richest governorate in this field.

*According to the Iraqi Phosphate General Company, affiliated with the Ministry of Industry, surveys have revealed the availability of huge and confirmed reserves of phosphate amounting to about two billion confirmed and unexploited tons, with unconfirmed quantities that may exceed 7 billion tons.

*Iron ore, as its presence is particularly concentrated in the desert southwest of Anbar, where the underground reserve is estimated at about 60 million tons.
*Anbar governorates also have a large reserve of uranium in the Akashat area within the phosphate layer formations in the Western Desert.
*Anbar's mineral resources do not stop there, as silica is concentrated in the Western Desert region, and appears in the form of layers of white sand, where the reserve amounts to about 75 million tons.
*As for gold, it is found in the governorates of Anbar and western Nineveh.
* Huge quantities of sulfur are concentrated in Anbar, Salah al-Din and Nineveh, and the reserves are estimated at more than 600 million tons.
* As for sodium sulfur, it is widespread in Salah al-Din Governorate and the general reserve is estimated at about 22 million tons.
* As for quartzite, it is widespread in the Rutba area in Anbar and its reserves are estimated at about 16 million tons.
* Celestite (strontium sulfur) is widespread in the governorates of Najaf and Karbala, where it appears in the form of sandy rock lenses, and the country's reserve is estimated at about 0.8 million tons that are not exploited.
* Glass, its presence is concentrated in Anbar Governorate in the form of shiny surface sand in the plains and plateaus, and the existing quantities are estimated at about 400 million cubic meters.
* Lead is found in the governorates of Dohuk and Sulaymaniyah in the Kurdistan Region in the form of sedimentary carbonate rocks, and the reserve is estimated at more than 50 million tons.
*Statistics indicate the presence of dolomite in the provinces of Anbar and Muthanna, where the country's reserves are estimated at about 330 million tons.
*As for gypsum, it is concentrated in Nineveh, Kirkuk and Salah al-Din, and its reserves are estimated at about 130 million tons.
*Lime is found in Anbar, Muthanna, Najaf, Nineveh and Kurdistan, and its reserves are estimated at about 8 thousand million tons.
*Silver is found in the regions of KurdistanIraqWithin volcanic rocks.
* Bauxite is concentrated in Anbar, and its reserves are estimated at about one million tons.
* Feldspar sands are concentrated in Najaf Governorate, and its reserves are estimated at about 2.3 million tons.
* Quartz is concentrated in Anbar and the city of Faw, located on the waters of the Arabian Gulf in Basra, where its reserves are estimated at about 855 million cubic meters.
* As for copper, it is found in Sulaymaniyah Governorate, and its volume estimates vary between 10 and 20 million tons.

Reducing the exit of currency
To talk about the extent of the decision's impact on the market, economic expert Salah Nouri believed that it is too early to determine the level of prices and quality for the gold and jewelry industry, because the Cabinet's decision has not yet begun to be implemented.

Nouri explained that importing gold and precious metals constitutes a high percentage of total imports, and therefore this decision will contribute to reducing the exit of foreign currency (dollar) from the country, noting that the Ministry of Trade has been tasked with facilitating the import of raw materials for manufacturing purposes in coordination with the Central Bank.

He added that the manufacture of gold and jewelry insideIraqIt is supposed to make its local prices lower than its import price, warning that this industry may face the risks of fluctuations in global gold prices, which may in turn affect the stability of the local market.

Diversifying budget resources
Government advisor Alaa Al-Fahd confirmed that activating the precious metals localization sector will have an effective role in bringing outIraqFrom total dependence on oil as a major source of budget revenues.

Al-Fahd said thatIraqToday, it has the ability to diversify its sources of income by localizing the precious metals industry, which will have a positive impact on the economy.IraqiBy diversifying revenues and activating this vital industry, noting thatIraqHe has large reserves of gold that can be exploited in local manufacturing instead of importing ready-made gold jewelry from abroad.

Al-Fahd explained that Iraqi lands are rich in many undiscovered precious metals, and that these potential discoveries will directly contribute to increasing reserves and diversifying the economy, stressing that this requires conducting economic feasibility studies to determine the extent of the impact of these minerals and activating the industry.

He stressed that the matter is not limited to owning these minerals, but rather requires developing realistic plans to activate these industries and develop the economy, stressing that paying attention to these industries and localizing them in Iraq, in addition to providing facilities and attracting foreign investments, will have a direct impact on the economyIraqiAl

-Fahd pointed out that this requires a government decision, and that this decision is available today, and it is a message to attract development investments in this field to activate the mining industry in Iraq, especially since there is a basis and ownership of these natural resources that can be exploited to strengthen the economy.

He explained that supporting the budget by activating this sector is inevitable, as any industry will contribute to raising production capacities and increasing production, which leads to the development and activation of the industry, pointing out thatIraqThese transformation industries are needed to exploit the available infrastructure for minerals.

Al-Fahd explained that all opportunities are available today for investment in this field, and that investment in this sector is no less important than investment in any other sectors that contribute to developing the economy and supporting the budget, especially in light of the fluctuations in oil prices, stressing the need to search for alternative sources of income and revitalizing the industrial, agricultural and tourism sectors.

Al-Fahd stressed that these sectors can contribute effectively to achieving revenues and diversifying the economy, indicating thatIraqHe should follow suit.CountriesThe Arab and Gulf countries have emerged from their dependence on oil and have begun to stimulate other industries and develop their natural resources.  link

Mot: ... Hello Everyone 

Mot: Not Me!! -- But maybe Youuuuu!!! 

 

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Militiaman, News Dinar Recaps 20 Militiaman, News Dinar Recaps 20

MilitiaMan & Crew-Iraq Dinar News-Census Finality-Resume Oil Exporting Ceyhan-PM to lift European Ban Airlines

MilitiaMan & Crew-Iraq Dinar News-Census Finality-Resume Oil Exporting Ceyhan-PM to lift European Ban Airlines

2-23-2025

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

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

MilitiaMan & Crew-Iraq Dinar News-Census Finality-Resume Oil Exporting Ceyhan-PM to lift European Ban Airlines

2-23-2025

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

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

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

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Economics, Gold and Silver Dinar Recaps 20 Economics, Gold and Silver Dinar Recaps 20

If this Happens, the USD System Collapses, US Gold Reserves Gone Missing?

If this Happens, the USD System Collapses, US Gold Reserves Gone Missing?

Sean Foo:  2-22-2025

In a move that has sent ripples of speculation and anticipation through financial markets, President Donald Trump has confirmed his intention to personally oversee an audit of the gold reserves held at Fort Knox.

This announcement, made via a statement released earlier this week, has ignited a firestorm of debate, with many questioning the motives and potential consequences of such an unprecedented action.

If this Happens, the USD System Collapses, US Gold Reserves Gone Missing?

Sean Foo:  2-22-2025

In a move that has sent ripples of speculation and anticipation through financial markets, President Donald Trump has confirmed his intention to personally oversee an audit of the gold reserves held at Fort Knox.

This announcement, made via a statement released earlier this week, has ignited a firestorm of debate, with many questioning the motives and potential consequences of such an unprecedented action.

Fort Knox, a heavily guarded United States Army post in Kentucky, is legendary for its supposed storage of a vast portion of the nation’s gold reserves. The vault, encased in granite and protected by layers of security, has become a symbol of American economic strength and stability.

However, rumors and conspiracy theories surrounding the actual contents of the vault, and whether the gold is actually there, have persisted for decades.

Now, Trump, known for his unconventional approach and disruptive tendencies, seems poised to finally address these rumors head-on. Details surrounding the audit are scarce, but his statement hinted at a deep concern regarding the integrity of the nation’s gold holdings.

The potential ramifications of this audit are enormous. For decades, the U.S. dollar has been considered a reserve currency, partially backed by the perceived strength and security of the nation’s gold reserves. Should the audit reveal a significant discrepancy – or worse, an absence of a substantial portion of the gold – the consequences could be devastating.

While some see Trump’s move as a necessary step towards transparency and accountability, others view it as a reckless gamble that could destabilize the global economy. Critics argue that the audit itself could spark unnecessary panic and speculation, even if the gold is found to be intact. Concerns have also been raised about the practicality and security of conducting such an audit, given the sensitive nature of the gold reserves.

The coming weeks will be crucial as details surrounding the audit continue to emerge. Whether this bold move will ultimately reinforce faith in the American financial system or trigger a crisis remains to be seen. One thing is certain: the world will be watching closely as Trump attempts to unlock the secrets of Fort Knox and potentially reshape the future of the U.S. dollar.

Watch the video below from Sean Foo for further insights and information.

https://youtu.be/ZItA-KKSAEY

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Chats and Rumors, Economics Dinar Recaps 20 Chats and Rumors, Economics Dinar Recaps 20

More News, Rumors and Opinions Sunday PM 2-23-2025

Greg Hunter (w/ Bill Holter): DOGE Forces US Bankruptcy Reset

By Greg Hunter’s USAWatchdog.com (Saturday Night Post)

Financial writer and precious metals broker Bill Holter is back with a new warning on the effects of the Trump DOGE team (Department of Government Efficiency). 

Everyone now knows of the huge unfolding fraud and waste being uncovered in federal government audits.  It simply has to be done for the nation to survive, but what many are missing are the consequences of these audits that are unavoidable. 

Greg Hunter (w/ Bill Holter): DOGE Forces US Bankruptcy Reset

By Greg Hunter’s USAWatchdog.com (Saturday Night Post)

Financial writer and precious metals broker Bill Holter is back with a new warning on the effects of the Trump DOGE team (Department of Government Efficiency). 

Everyone now knows of the huge unfolding fraud and waste being uncovered in federal government audits.  It simply has to be done for the nation to survive, but what many are missing are the consequences of these audits that are unavoidable. 

Holter and his former business partner Jim Sinclair (RIP) laid out the US bankruptcy scenario nearly five years ago on USAW.  The post was titled “Trump Win Offers a Way Forward After US Bankruptcy – Holter & Sinclair.”  

Of course, Donald Trump “lost” in 2020, and the bankruptcy button was not pushed.  Back then, Holter and Sinclair said the US was going to go bankrupt.  The only question was, would America get financially reorganized “under the rule of law or the rule of chaos?” 

The voters chose the rule of law in 2024 with the Trump landslide.  Holter goes on to explain, “Mathematically, this is going to go down one way or the other.  Either it’s going to go down through nonpayment or going to go down when they blow up the value of the dollar. 

They cannot pay the interest and debt back in current terms. . . . They would have to create more dollars, diluting the value of each dollar in order to pay the dollars back. The question is, does this go down under the rule of law or does it go down under the rule of complete fraud and corruption. . . .

Look at the last days of the Biden Administration.  Hundreds of billions of dollars going out the back door.  All I can say is when this is over, people better be going to jail; otherwise, you are not looking at a true rule of law.”

Holter goes on to say, “DOGE is uncovering all kinds of fraud.  This is what you see at the end of empires and even businesses.  You see fraud at the very end when empires go under.  The scope of what they are uncovering, just at this point, has been mind blowing. . . .

The more DOGE digs up, the more the truth is going to come out and the more confidence is going to break.  When confidence breaks with foreigners, that’s a big problem. 

 Just this year alone, we have about $10 trillion in Treasuries rolling over.  It’s $28 trillion in the next four years.  There has to be an appetite for our Treasuries, and DOGE uncovering the truth is counterproductive to that.  They are uncovering the truth, but truth hurts confidence. . . .

DOGE, by doing what should have been done 50 years ago, and had we had real accounting, we would not have a problem.  Now, you’ve got the system absolutely addicted to this cash flow coming out of USAID and all these different programs, and that is going to get shut off.  It’s like throwing sand into a gear box.  The system is going to grind to a halt, and that is going to lead to ‘The Great Taking.’”

Holter predicts, “When the system grinds to a halt, you see derivatives collapse, you see financial institutions collapse.  Then, guess what, they take all your stuff.  Under today’s laws, they do it legally.”

Five years ago on USAW, Holter and Sinclair predicted gold would be going much higher.  Gold standing at more than $2,900 per ounce shows they were correct, but Holter says you ain’t seen nothing yet,

“Gold is a thermometer that tells the health of currencies and regimes.  At $2,950, gold is flashing the alarm now.  The average person is not equating that to an alarm bell, but it is an alarm bell.  People are using gold to get out of the system. 

When all is said and done, you are going to find out there was fraud everywhere.  You are also going to find out that all these crypto currencies are the perfect accounting system for digital air.”

In closing, Holter says that when you consider the massive amounts of trillions of dollars of unpayable debt, gold could easily be revalued to more than $100,000 per ounce in a reset of the financial system. 

Holter says, “This would reliquefy central banks all over the world.  I don’t think you would have central banks all over the world complaining about that.”  Holter says silver could be revalued upward to thousands of dollars per ounce in a financial reset as well.

There is much more in the 61-minute interview.

Join Greg Hunter of USAWatchdog.com as he goes One-on-One with financial writer and precious metals expert Bill Holter for 2.22.25.

https://dinarchronicles.com/2025/02/23/greg-hunter-w-bill-holter-doge-forces-us-bankruptcy-reset/

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

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

Militia Man  Article:  "Trump gives Baghdad a choice export Kurdistan's oil or face sanctions like IranThere is a plan and there is a way [to get the oil flowing].  This tells us there's clear pressure on Iraq to stay the course.  This news is somewhat intense.  It suggests power players are making sure Iraq stays on board with her reforms.  I suspect this pressure is going to be used to keep Iraq on track and get this going...The heat is up and I like it.  It's good.

Frank26  [Iraq boots-on-the-ground report]  FIREFLY:There's an economic expert on the television...He's asking us Iraq citizens some questions regarding the exchange rate of our currency...He went on for 20 minutes talking about the pros and cons [of what we're about to do] and he reminded us that at one time the dinar was $3.30...Then we see new information commercials talking about the new national bonds...Mr Sammy says this is another way to get the citizens to bring in their 3 zero notes that many are hoarding in the their homes.  FRANK:  They are pushing the idea to buy the bonds.  They'll use their 3-zero notes...The push to bring in as many 3-zero notes as possible is also another loud indicator of a change that's coming...

They Don’t Need a CBDC, They Already Have THIS

Taylor Kenny:  2-23-2025

Imagine a financial system where every transaction is tracked, every dollar is controlled, and your financial freedom is at risk. Stablecoins and the rise of a digital dollar could be laying the foundation for unprecedented economic control.

 With deep ties to U.S. agencies and billions in U.S. debt under their control, could stablecoins like Tether be the government’s secret weapon in financial surveillance?

CHAPTERS:

0:00 CBDC

 1:08 Stablecoins

3:15 Tether

5:36 Deep Ties With Government

 7:36 Future of Money

9:08 Preparing With Gold

https://www.youtube.com/watch?v=7sb_ShuRXW8

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Iraq Economic News and Points to Ponder Sunday Afternoon 2-23-25

Foreign Remittances Constitute More Than 93% Of The Central Bank’s Sales.

Time: 2025/02/23 Reading: 960 times  {Economic: Al Furat News} Foreign remittances, today, Sunday, in the sales of the Central Bank of Iraq, reached more than 93% in the hard currency auction.

The bank sold in its auction today 293 million, 340 thousand and 631 dollars, covering it at a basic exchange rate of 1310 dinars per dollar for documentary credits and international settlements for electronic cards, at a rate of 1310 dinars per dollar for foreign transfers, and at a rate of 1305 dinars per dollar in cash.

Foreign Remittances Constitute More Than 93% Of The Central Bank’s Sales.

Time: 2025/02/23 Reading: 960 times  {Economic: Al Furat News} Foreign remittances, today, Sunday, in the sales of the Central Bank of Iraq, reached more than 93% in the hard currency auction.

The bank sold in its auction today 293 million, 340 thousand and 631 dollars, covering it at a basic exchange rate of 1310 dinars per dollar for documentary credits and international settlements for electronic cards, at a rate of 1310 dinars per dollar for foreign transfers, and at a rate of 1305 dinars per dollar in cash.

Most of the dollar sales went to strengthen the balances abroad in the form of transfers and credits, which amounted to 275 million, 440 thousand and 631 dollars, at a rate of 93.82%, compared to cash withdrawals amounting to 17 million, 900 thousand dollars.

The number of banks that purchased cash dollars was one bank, while the number of banks that met requests to enhance balances abroad was 5 banks, and the total number of exchange companies participating in the auction was 23 companies.  LINK

Oil: We Will Receive 185 Thousand Barrels Per Day From The Kurdistan Region As A First Stage

Iraqi oil refinery   Energy  Economy News – Baghdad   The Undersecretary of the Ministry of Oil for Extraction Affairs, Basem Mohammed Khudair, confirmed today, Sunday, that the ministry will receive about 185 thousand barrels per day from the Kurdistan Region as a first stage after resuming oil exports through the Turkish port of Ceyhan, while he indicated that the quantity will gradually increase to 400 thousand barrels per day.

"The suspension of exports from the Kurdistan Region during the past period caused a problem for the oil fields in the region, and a period of rehabilitation is needed to restore their production capacity, with the aim of reaching the export of 400,000 barrels per day, which is the minimum quantities stipulated in the budget," Khadir said in a televised statement followed by "Al-Eqtisad News."

He added that "the quantity currently available for export in the region is 300,000 barrels per day, part of which is allocated for internal use, while the remaining 185,000 barrels will be allocated for export."

He pointed out that "the past period witnessed a visit by a delegation from the Ministry of Oil to the region, and it was agreed to form joint committees to follow up on the mechanisms for resuming oil exports," explaining, "We were informed by the region of its readiness to start the export process."

He continued, saying, "The technical teams of the North Oil Company and representatives of the Kurdistan Region are working to inspect the oil export pipelines and ensure their suitability and readiness to resume pumping oil through them."

Khadir confirmed that "the Ministry of Oil has contacted the Turkish side to inquire about the readiness of the pipeline designated for export via the port of Ceyhan, and we are awaiting an answer within the next 24 hours."

He also stated that "the ministry is keen on the continuity of export operations via the port of Ceyhan as part of a strategic vision for the relationship between Iraq and Turkey, and there is continuous communication with the region and the Turkish side to ensure the continuation of cooperation and export."   https://economy-news.net/content.php?id=52947

Al-Yasiri: The Prime Minister Formed Specialized Teams To Evaluate The Performance Of Ministries In The Digital Transformation Process

Minister of Communications Hiyam Al-Yasiri  Money and business  Economy News - Baghdad
Minister of Communications Hiyam Al-Yasiri confirmed, on Sunday, that Iraqi ministries are racing against time to complete digital transformation operations and keep pace with developments in this field, noting that Prime Minister Mohammed Shia Al-Sudani has formed specialized teams to evaluate the performance of ministries in achieving this transformation.

Al-Yasiri said, in a statement reported by the official news agency, and reviewed by "Al-Eqtisad News", during her participation in the Digital Cooperation and Development Forum in the Jordanian capital, Amman:

"Prime Minister Mohammed Shia Al-Sudani led the Supreme Committee for Digital Transformation, developed important strategies, and established the National Center for Digital Transformation, and all ministries in Iraq are competing today to complete digital transformation operations."

She pointed out that "the Prime Minister directed the formation of specialized teams to evaluate the performance of ministries and the level they have reached in digital transformation operations."

She explained that "the Ministry of Communications, as a specialized ministry, aspires to be a model for the rest of the ministries, and has made great strides in this field, and possesses many digital applications and systems that were created by Iraqi hands and minds."

She stated that "the aim of holding the Digital Cooperation Forum is to approve the Arab Digital Agenda that was discussed last year with the participation of a number of international organizations, such as the International Federation and the United Nations, in addition to the Arab League, and today the ministerial declaration on the Arab Digital Agenda was approved."

Al-Yasiri added, "The meeting also aims to review the prospects of rapid digital development and keep pace with it, as it has become a necessity for Arab countries in order to keep up with global development in this field."

She stated that "keeping pace with development requires establishing a digital infrastructure to develop cybersecurity, eradicate digital illiteracy, and benefit from the talents and capabilities of the Arab people in general and the Iraqi people in particular."

She also indicated that "digital transformation has become an important goal in order to enhance the digital economy, considering that the digital economy today is one of the most important economies that the world is looking at, especially in oil countries that must adopt a digital economy that is an alternative to the oil rentier economy and is a real guarantee for them."

Al-Yasiri also pointed out that “artificial intelligence is still a challenge facing all countries of the world, in order to preserve the ethics of artificial intelligence on the one hand, and benefit from innovation and great scientific progress in this field.”  https://economy-news.net/content.php?id=52945

 Slight Decrease In Dollar Prices In Baghdad

Stock Exchange   Economy News – Baghdad   The US dollar exchange rate fell slightly, Sunday morning, in Baghdad markets.

The dollar prices witnessed a decrease in the Al-Kifah and Al-Harithiya stock exchanges, recording 149,900 Iraqi dinars for every 100 dollars, while it recorded 149,950 Iraqi dinars for every 100 dollars yesterday morning, Saturday.

The selling prices in the exchange shops in the local markets in Baghdad recorded stability, as the selling price reached 151,000 Iraqi dinars for 100 dollars, while the purchase price reached 149,000 dinars for 100 dollars.     https://economy-news.net/content.php?id=52929

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

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Economics, Gold and Silver, News DINARRECAPS8 Economics, Gold and Silver, News DINARRECAPS8

Seeds of Wisdom RV and Economic Updates Sunday Afternoon 2-23-25

Good Afternoon Dinar Recaps,

COINBASE SAYS SEC WILL DROP LAWSUIT AGAINST CRYPTO EXCHANGE—CITING CHANGE IN ‘POLITICAL LEADERSHIP’

The Securities and Exchange Commission has agreed to drop its lawsuit against Coinbase, following what the crypto exchange said was a change in “political leadership” at the agency, which accused Coinbase of failing to register as a securities exchange under the Biden administration.

Good Afternoon Dinar Recaps,

COINBASE SAYS SEC WILL DROP LAWSUIT AGAINST CRYPTO EXCHANGE—CITING CHANGE IN ‘POLITICAL LEADERSHIP’

The Securities and Exchange Commission has agreed to drop its lawsuit against Coinbase, following what the crypto exchange said was a change in “political leadership” at the agency, which accused Coinbase of failing to register as a securities exchange under the Biden administration.

6:34 PM

▪Paul Grewal, Coinbase’s chief legal officer, wrote in a blog post Friday saying SEC officials have agreed “in principle” to dismiss the agency’s lawsuit against Coinbase.

▪The SEC sued Coinbase—the largest crypto firm in the U.S.—in Manhattan federal court in 2023, alleging at least 13 crypto assets sold by the crypto exchange should have been registered as securities before they were offered publicly.

“What changed over those two years was the political leadership at the SEC,” Grewal wrote, appearing to reference the lawsuit being filed under the Biden administration and a shift in oversight under President Donald Trump, who has promised to lessen the regulatory burdens facing the industry.

▪Grewal told the Wall Street Journal that SEC officials will likely vote next week to dismiss the agency’s lawsuit (Coinbase did not immediately respond to a request for comment).

▪The SEC declined to comment to Forbes.

Key Background
The SEC targeted several cryptocurrency firms under the Biden administration, including lawsuits filed against Coinbase, Binance and Kraken, among others.

Regulators pushed for more oversight of the industry, claiming crypto assets sold by crypto exchanges were securities that should be registered under the SEC’s umbrella. Coinbase—which went public in 2021—disputed the SEC’s claims and accused the agency of “hurting America’s economic competitiveness.”

A federal district court declined to toss the SEC’s case against Coinbase in March 2024, and the crypto firm appealed the ruling in January. The SEC’s lawsuits against Binance and Kraken are ongoing, though the SEC has requested its case against Binance be paused.

What Has Trump Said About Regulating The Crypto Industry?
In the lead-up to his inauguration, Trump indicated he would use his executive powers to reduce regulatory burdens facing crypto firms.

He suggested he would create a new crypto advisory council, and Trump reportedly planned to unveil an executive order declaring cryptocurrency a policy priority while advising agencies to work with the industry.

Acting SEC chair Mark Uyeda said earlier this week a task force to oversee the crypto industry—established by former SEC chair Gary Gensler—would be cut down, and a new task force is reportedly moving away from Gensler’s approach.

@ Newshounds News™

Source:  Forbes

~~~~~~~~~

RUSSIA'S SUPREME COURT MOVES TO CLASSIFY CRYPTO AS PROPERTY

Russia’s Supreme Court is pushing to classify cryptocurrency as property in penal cases, aiming to strengthen law enforcement’s ability to track, freeze, and confiscate illicit digital assets.

Russia’s Supreme Court Advances Crypto Legalization Efforts
Russia’s Supreme Court has taken an increasingly active role in defining the legal status of cryptocurrency, with its latest efforts focusing on recognizing digital assets as property for penal proceedings, Tass reported on Feb. 20. Chairperson Irina Podnosova addressed the issue at a recent meeting attended by judges and Russian President Vladimir Putin, stating:

With the spread of cryptocurrency in the economy, there has been a rise in crimes where the digital currency is either the means of committing the crime, the criminal income, or the object of the offense.

She further confirmed that
 the Supreme Court is involved in drafting a “legislative initiative aimed at recognizing digital currency as property for purposes of penal proceedings,” a move that could strengthen law enforcement’s ability to handle crypto-related crimes.

This is not the first time Russia’s Supreme Court has addressed cryptocurrency in legal proceedingsIn 2019, it ruled that converting bitcoin into rubles constituted money laundering when the digital currency was obtained through illegal activities, particularly in cases involving drug-related transactions.

 The court’s decision reinforced that cryptocurrencies could fall under existing anti-money laundering laws. Additionally, in 2021, the court ruled that WMZ, the electronic currency used in the Webmoney Transfer system, was legally recognized as an object of civil rights, setting a precedent for the legal treatment of digital assets in Russia.

These earlier rulings indicate the Supreme Court’s ongoing efforts to integrate cryptocurrency into the country’s judicial framework.

6:34 PM

Despite stable crime patterns in Russia, where property crimes account for 38%, violent crimes for 24%, and offenses against public security and order for 24%, the growing use of digital currency in criminal activities has prompted efforts for clearer legal definitions, according to Podnosova.

By officially classifying cryptocurrency as property, authorities will be better positioned to track, freeze, and confiscate illicit digital assets. As more countries seek to regulate the crypto space, Russia’s legislative efforts highlight the increasing necessity for legal clarity in digital finance.

@ Newshounds News™

Source:  Bitcoin

~~~~~~~~~

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