Seeds of Wisdom RV and Economic Updates Monday Afternoon 3-03-25

Good Afternoon Dinar Recaps,

LAWMAKERS LAUNCH BIPARTISAN CONGRESSIONAL CRYPTO CAUCUS FOLLOWING TRUMP BITCOIN PUSH

The first of its kind group will allow pro-industry lawmakers to vote as a bloc on key legislation.

House Majority Whip Tom Emmer (R-MN) announced the creation of the first ever congressional crypto caucus on Monday, which he says will allow pro-industry lawmakers to vote as a unified bloc on pertinent legislation.

The move comes just a day after President Donald Trump announced he's directed the Presidential Working Group to "move forward" with plans to establish a "crypto strategic reserve"—a federal stockpile of state-owned digital assets—which would include Bitcoin, Ethereum, Solana, Cardano, and XRP.

The caucus appears to be a bipartisan effort, led both by Emmer—a staunch crypto advocate—and Rep. Ritchie Torres (D-NY), one of the industry’s most vocal Democratic allies.

In a post to X on Monday morning, Emmer characterized the caucus as “a nonpartisan group of members ready to mobilize to support and defend open, permissionless, and private innovation in the United States.”

The inclusion of the term “private” in that definition would seem to be an attempt to smother any notion that as the U.S. government gets more involved in crypto, it might seek to develop technologies like a central bank digital currency, or CBDC.

Major foreign bodies like the European Union have pushed ahead in developing digital currencies in recent weeks. President Donald Trump, on the other hand, moved to ban the creation of an American CBDC days after retaking the White House. Republicans have, for years, claimed that CBDCs would pose an existential risk to financial privacy.

Decrypt reached out to Emmer’s office regarding the House crypto caucus’ top priorities and the potential initial size of its membership but did not immediately receive a response.

House caucuses are formally organized groups of lawmakers who meet to pursue shared legislative objectives and tend to vote in blocs on key issues.

Dozens of such groups currently meet on Capitol Hill. They are shaped around identity groups (Congressional Black Caucus); ideological leanings (Congressional Progressive Caucus); foreign policy (Congressional Friends of Denmark Caucus); and, in many cases, industry representation (see: Congressional Cranberry Caucus, Chicken Caucus, and Natural Gas Caucus).

While crypto has notched a slew of high profile political victories in recent weeks—from the dismissal of key lawsuits targeting industry leaders, to Trump’s doubling down on a controversial federal crypto stockpile—the somewhat less flashy announcement of an industry caucus nonetheless brings the sector one step closer to more permanent status as a mainstay special interest group in Washington.

After years of extreme political volatility for crypto that have reaped both the lowest of lows and highest of highs, perhaps becoming a household staple akin to chicken or cranberries isn’t so unappealing.

@ Newshounds News™

Source:  Decrypt

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BRICS REACTS TO TRUMP & ZELENSKY’S WHITE HOUSE HUMILIATION

Trump and Zelensky’s White House interaction has taken the world by storm as the dirty laundry was washed in public. The war of words turned cinema as both leaders indulged in sharp criticism. 

In the aftermath of the show, the minerals deal, which Zelensky visited the US was rejected by Trump. However, the Ukrainian President said that he is open to signing the deal if the US agrees to move forward. BRICS member Brazil has reacted to the Trump-Zelensky fight and came down hard on the US President.

BRICS: Brazil Reacts to Trump-Zelensky’s War of Words

Brazilian President Luiz Lula da Silva, who will chair the upcoming BRICS summit, reacted to Trump and Zelensky’s White House war. He sharply criticized the way Trump treated Zelensky in front of reporters and other dignitaries. Lula da Silva called Trump’s attitude “grotesque and disrespectful,” against Zelensky. Additionally, he added that the US President “humiliated” Zelensky for no reason as he visited the US to discuss the minerals deal.

“I have never seen a scene as grotesque and disrespectful as the one that took place in the Oval Office of the White House. I sincerely believe that part of society thrives on disrespecting others. And it is not possible to speak of democracy if there is no respect for other human beings.

I think Zelensky was hamulated; in Trump’s mind, he probably deserved it. I think the European Union was harmed by the American speech,” said the Brazilian President who will chair the 17th BRICS summit.

Trump’s stance against Ukraine is alienating Europe as the European Union (EU) wants to hold Russia accountable for the war. BRICS member China is making use of the tensions and is extending cordial relations with Europe. Moreover, many European countries are looking to increase business deals with China as negotiating with the US has become increasingly difficult.

@ Newshounds News™

Source:  Watcher Guru

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CONTROVERSIAL IRS CRYPTO REPORTING REGULATION

Lawmakers, including Senator Ted Cruz and Cynthia Lummis, have introduced a resolution to overturn the IRS rule, with a vote expected this week.

▪The US Senate is set to vote on an IRS rule requiring crypto brokers to report detailed transaction data, a move that has sparked controversy in the industry.

▪Critics argue that the tax reporting mandate could stifle DeFi innovation, leading to legal challenges and calls for its repeal.

▪Lawmakers will also review a separate Consumer Financial Protection Bureau (CFPB) regulation that affects digital payment apps.

The US Senate is preparing to vote on a controversial IRS regulation requiring “brokers” to report gross proceeds, cost basis, and gains or losses from digital asset transactions, including cryptocurrency, stablecoins, and non-fungible tokens (NFTs).

The law, formally introduced in December 2024 and enacted in January 2025, has faced strong opposition from the crypto community. Critics argue that the regulation threatens the growth and innovation of the decentralized finance (DeFi) sector, leading to a lawsuit challenging its implementation.

Lawmakers Push for Repeal

While the legal battle continues, Senator Ted Cruz, alongside Senators Cynthia Lummis, Pete Ricketts, and others, has taken legislative action to challenge the rule, according to a CoinDesk report on Monday, citing sources familiar with the matter.

The lawmakers have introduced a joint resolution urging the repeal of the IRS regulation. A source close to the matter revealed that Congress is expected to vote on the resolution this week, a decision that could determine the rule’s future.

The Congress has the power to challenge and potentially overturn unfavourable new laws enacted by government agencies under the Congressional Review Act (CRA).

In addition to the IRS measure, Congress is also set to review what CoinDesk described as an “11th-hour regulation” from the Consumer Financial Protection Bureau (CFPB), which impacts digital payment applications.

Donald Trump Finally Adds Crypto to National Reserve

The previous administration introduced both rules in an attempt to curb innovation within the crypto sector. In 2024, the then-US president signed an executive order directing the government to assess the risks and benefits of cryptocurrencies.

The measures targeted six key areas: consumer protection, financial stability, illicit activity, US competitiveness, financial inclusion, and responsible innovation. However, despite these efforts, the industry remained without clear regulatory guidance during his tenure.

In contrast, the current administration is taking steps to establish a well-defined regulatory framework for cryptocurrencies in the US. 

Last month, President Donald Trump issued an executive order instructing federal agencies to review existing laws and create a clear regulatory structure for digital assets and related services. Agencies such as the Commodity Futures Trading Commission (CFTC) and the Department of Justice (DOJ) have been given 30 days, starting January 23, 2025, to carry out this directive.

Beyond regulatory reforms, Trump has pledged to position the US as the “world crypto capital,” aiming to lead in regulation, innovation, and technological advancements within the sector.

On Sunday, Trump officially unveiled the long-anticipated crypto reserve, incorporating major digital assets like XRP, SOL, and ADA. He emphasized that Bitcoin and Ethereum would be the “heart of the reserve,” reaffirming his strong support for the top two cryptocurrencies.

@ Newshounds News™

Source:  CoinSpeaker

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9 Biggest Mistakes High Income/High Net Worth Millennials Make

9 Biggest Mistakes High Income/High Net Worth Millennials Make

Thomas Kopelman

We often associate wealth with financial expertise, but this could not be further from the truth. High net worth people are not immune to making mistakes. In fact, they make just as many mistakes, if not more than everyone else.  And the worst part about it is that these mistakes they make can be even more costly due to higher dollar amounts behind the mistakes.

Let me help you avoid this by walking you through 9 of the most common mistakes I see high net worth millennials make.

Note: Learn from these. You can easily avoid them!

1. Thinking Their Income Will Always Be There

This might apply towards people with high incomes more than people with high net worths. But regardless, this group of people are taking on a huge risk assuming that their income will always be there. There are 3 main ways income can be lost:

Loss of job – Plenty of high income folks get cut when businesses are not doing well. This is why diversifying, building up assets, having an emergency fund, etc. is crucial.

A disability putting you out of work – 1/4 millennials will have a disability that stops them from working. The stats are scary. Having disability insurance in place to protect your income can be crucial!

Business Failing – Many high net worth accumulators are business owners. This means most of their wealth is in the business and their income is tied to it. That concentration brings on a lot of risk. Managing this business well and diversifying as you earn is crucial to keep you on a good path. Do not just use your business as a piggy bank.

2. Making Their Finances Too Complex

This is something I see way too often, people start making good money and their wealth builds. And because of this, they think they need to start investing in anything and everything.

Anytime a friend or someone they know comes with a business idea, they get involved. And then all of the sudden their balance sheet is all over the place. They have little organization or coordination, and oftentimes even lack liquidity.

Be careful doing this! You do not need to invest in anything and everything. Oftentimes the best strategy is to keep things simple. You do not want to get burned.

3. Taking On Too Much Unneeded Risk

https://thomaskopelman.com/2023/08/9-biggest-mistakes-high-income-high-net-worth-millennials-make/?utm_source=apexmoney&utm_medium=dailynewsletter&utm_campaign=keep-it-simple

Some Iraq and Iran News Posted by Clare at KTFA 3-3-2025

KTFA:

Clare:  Counterfeit currency and 'unmarked' gold dealers busted in Iraq

3/3/2025

The National Security Service announced, on Monday, the arrest of promoters of counterfeit currencies and traders of "unmarked" gold in Baghdad and the provinces of Dhi Qar and Diwaniyah.

The agency said in a press statement received by Shafaq News Agency, "Two suspects were arrested in Baghdad in the Al-Baladiyat area, who were promoting counterfeit local and foreign currencies. 3,400 counterfeit US dollars in 100-dollar bills were seized in their possession, in addition to various amounts of counterfeit Iraqi dinars."

He continued, " In Dhi Qar, an illegal commercial complex was raided for selling unmarked gold. It was found that its owner was offering usurious loans to citizens in exchange for seizing Key Cards and Master Cards. 122 cards, a gold piece, four seals, records of the dealers, electronic devices, and an amount of 12 million and 750 thousand dinars were seized."

He pointed out that "in Diwaniyah, the apparatus' detachments were able to overthrow a gang specializing in promoting counterfeit currency, where an ambush was set up for one of the gang members and two suspects (a man and a woman) were arrested red-handed while exchanging counterfeit money, and an amount of 215 thousand counterfeit US dollars was seized in their possession, in addition to the vehicle they were riding in."  LINK

Clare:  Mazhar Saleh: Geopolitical controls push towards shifting to official channels for currency trading

3/3/2025

Mazhar Muhammad Salih, the financial advisor to the Prime Minister, confirmed that the geopolitical controls imposed on informal trade contribute to expanding dealings with official outlets for foreign currency, which contributes to financing foreign trade through the sound international financial system.

He pointed out in his statement to {Euphrates News} that "this shift aims to move away from informal financing from the parallel dollar market intensively, especially with the change in the behavior of small traders in avoiding the parallel market linked to the countries' regional and geopolitical problems." 

Saleh added that "this shift comes in the context of the importance of increasing Iraq's foreign reserves and confronting money smuggling operations, in addition to facilitating external transfer operations through Iraqi banks that deal with international banking correspondents, at an official exchange rate of 1,320 dinars per dollar."

He also stressed that the end of the compliance platform phase adopted by the Central Bank of Iraq in the past two years and the country's entry into a new phase has contributed to providing great flexibility in financial transfers through official channels.   LINK

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Clare:  Oil Minister: A boom in investment in associated gas and raising its rates to 67%

3/3/2025

Deputy Prime Minister for Energy Affairs and Minister of Oil Hayan Abdul-Ghani Al-Sawad received today, Monday, a German delegation that includes representatives of the German Embassy in Baghdad, the German Chamber of Commerce, and companies specialized in various oil and non-oil fields.

Abdul Ghani confirmed, in a statement from his office, a copy of which was received by {Euphrates News}, "Iraq is keen to cooperate with various parties, including German companies, which have a long history in the field of industry and are of high quality and acceptable in Iraq."

He pointed out that "Iraq has made great strides in the field of developing the oil industry, and in particular the optimal investment of gas, as Iraq has achieved, during the life of the government, a great leap in the field of investment in associated gas and raised investment rates from 53% to more than 67%, and Iraq is determined to stop flaring gas and achieve self-sufficiency in 2028."

Abdul Ghani explained that "the ministry has major projects in the gas investment sector, the most important of which is the gas development project in Basra with Total to invest 600 cubic meters in two phases, in addition to other projects in the field of gas field development, as the ministry signed contracts to develop the Mansouriya and Akkas fields, and signed contracts to develop 14 fields and exploration areas, which were offered in the fifth and sixth supplementary licensing rounds."

He added, "The ministry has investment opportunities for gas and oil exploration fields and blocks from the last licensing round that have not been referred. The ministry is working to develop them through investment projects with specialized international companies."

German companies presented a review of their activities and offers to work and cooperate with the Ministry of Oil and its formations, in the fields of exploration, pipelines, laboratories, training, and the provision of equipment, tools, and supplies for oil facilities.  LINK

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Clare:  Iraq-Turkey Pipeline Reopening Pressures Oil Prices, Signals Potential Market Shift

3/3/2025

ERBIL  – Oil prices experienced volatility as news of the anticipated reopening of the Iraq-Turkey pipeline raised expectations of increased supply, despite Iraq’s ongoing commitment to OPEC+ production constraints, according to a report by Robin Mills, CEO at Qamar Energy, published in the Energy This Week newsletter on Monday

Mills noted that crude oil prices ended higher on Monday but dropped on Tuesday following reports that the Iraq-Turkey pipeline is set to resume operations. The country’s deputy oil minister, Bassem Mohammed, recently confirmed that 185,000 barrels per day (bpd) from the Kurdistan Region could be exported after domestic allocations are met. Before its closure in March 2023—following an arbitration ruling—the pipeline transported around 450,000 bpd.

“The market is reacting to the possibility of higher supplies, but Iraq is still constrained by its OPEC+ commitments,” Mills stated. He added that while the pipeline’s reopening may put downward pressure on oil prices in the short term, long-term impacts will depend on Iraq’s ability to balance exports with production limits.

Mills also highlighted the role of U.S. diplomatic efforts in pushing for the pipeline’s resumption. “Washington has been applying pressure on Baghdad to restart exports through the pipeline, which requires an agreement between the federal government and the Kurdistan Regional Government (KRG) on budget allocations and payments to international oil companies,” he explained.

Meanwhile, British Petroleum (BP) has reinforced its presence in Iraq’s energy sector by finalizing a deal to redevelop the massive Kirkuk oil fields in the country’s north. Mills pointed out that BP, part of the original consortium that discovered Kirkuk’s oil in 1927, estimates the contract area contains up to 20 billion barrels of oil equivalent. “This redevelopment could help Iraq secure a higher production quota within OPEC+,” he noted.

However, BP itself faces challenges, and Mills referenced recent discussions suggesting that a merger with Shell could strengthen the struggling British energy giant.

Iraq’s Energy Sector and Geopolitical Pressures

Iraq, OPEC’s second-largest oil producer, has long grappled with balancing its production ambitions against OPEC+ output agreements. While Baghdad seeks to increase exports to boost revenue, it remains bound by cartel-imposed limits, a tension that has led to periodic disputes.

Mills emphasized that the reopening of the Iraq-Turkey pipeline is particularly significant for the Kurdistan Region, which has faced financial strain since the shutdown. 

The U.S. has been actively working to counter Iran’s influence in Iraq, particularly following President Donald Trump’s return to office. By pressuring Baghdad to resume pipeline exports, Washington aims to strengthen its economic ties with Erbil while reducing Tehran’s leverage over Iraq’s energy sector.

As Iraq navigates these complex political and economic dynamics, the coming months will be crucial in shaping the country’s energy strategy amid shifting global market conditions and geopolitical maneuvering.   LINK

Clare:  Kurdistan Region's Oil Exports Near Resumption

3/3/2025

ERBIL – All preparations for resuming the Kurdistan Region’s oil exports to Turkey’s Ceyhan port have been completed, according to an announcement by a member of the Iraqi Parliament’s Oil and Gas Committee.

The long-awaited move comes after almost two years of suspension, which has cost the Iraqi government billions in revenue losses.

Ali Shaddad al-Faris, an MP from Basra and a member of the Oil and Gas Committee, confirmed that no obstacles remain to restart the oil flow. “According to the budget amendment, the amount to be sent from the region is between 300,000 to 325,000 barrels of oil per day,” he stated.

Additionally, al-Faris revealed that the Kurdistan Regional Government (KRG) has requested an increase in the amount of oil used for domestic consumption, seeking an expansion from 45,000 barrels per day to 110,000 barrels per day.

Iraq’s Oil Minister, Hayan Abdul Ghani, announced last Friday that the Federal Oil Marketing Company (SOMO) would initially sell 185,000 barrels of Kurdistan Region oil per day through Turkey’s Ceyhan port. This figure is expected to gradually rise until it aligns with the quota specified in the federal budget.

The decision marks a significant development after prolonged disputes over oil revenue-sharing between the Kurdistan Regional Government and Baghdad. Since March 2023, exports have been halted following an international arbitration court ruling in Paris, which favored the Iraqi federal government in its legal battle over oil export rights.

The suspension of exports has resulted in an estimated loss of over $21 billion for Iraq’s treasury, underscoring the economic urgency of restoring Kurdish oil sales.

US-Iraq Talks and Diplomatic Pressure

The resumption of oil exports has been a key issue in recent U.S.-Iraq diplomatic discussions.

Last Tuesday, U.S. Secretary of State Marco Rubio spoke with Iraqi Prime Minister Mohammed Shi’a al-Sudani, marking their first official conversation. According to statements from both governments, the meeting was productive, addressing a range of issues, including the Iraq-Turkey pipeline.

On Friday, Reuters reported that the Trump administration has been pressuring Baghdad to allow the restart of Kurdish oil exports as part of Washington’s broader "maximum pressure" campaign on Iran. The U.S. sees Kurdistan’s oil exports as a strategic economic lever, and Secretary Rubio specifically raised the issue with Prime Minister Sudani.

Tammy Bruce, the U.S. State Department spokesperson, stated that both leaders agreed on the importance of reopening the Iraq-Turkey Pipeline "as quickly as possible." The involvement of Washington further underscores the geopolitical importance of Kurdish oil exports and the role they play in regional energy dynamics.

Economic and Political Implications

The restoration of oil exports is expected to ease financial strains on both Erbil and Baghdad. The KRG relies heavily on oil revenue to sustain its economy, and the prolonged suspension has exacerbated budgetary challenges, including delays in public sector salaries. Meanwhile, Baghdad seeks to recover billions in lost revenue and stabilize its economic outlook.

However, broader negotiations between the KRG and Iraq’s federal government remain ongoing, particularly regarding revenue-sharing mechanisms and long-term agreements on oil production rights.

As preparations are finalized and the first shipments of Kurdish oil are set to flow once again, all eyes will be on how efficiently the resumption process unfolds and whether it signals a more stable economic and political relationship between Erbil and Baghdad.  LINK

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Clare:  Due to the collapse of the toman.. Iranian parliament dismisses the Minister of Finance

3/2/2025

The Iranian parliament dismissed Finance Minister Abdolnaser Hemmati on Sunday after starting a no-confidence vote against him over his handling of the high inflation rate and the decline in the national currency exchange rate, state television reported.

The source explained that the Minister of Economic Affairs and Finance, Abdolnasser Hemmati, lost the vote of no confidence against him, with 182 parliamentarians out of 273 who attended the session designated for his dismissal supporting the motion.

Earlier on Sunday, Iran's parliament began a session that included a vote of no confidence in the finance minister, following a sharp decline in the value of the Iranian currency, the rial.

On the black market on Sunday, the riyal was trading at more than 920,000 to the US dollar, compared to less than 600,000 in mid-2024.

The decision to withdraw confidence from Finance Minister Abdolnaser Hemmati comes nearly 8 months after the formation of the government under President Masoud Pezeshkian.

Under the Iranian constitution, the minister's dismissal would take effect immediately, with an acting minister appointed until the government chooses a replacement.   LINK

New York Fed GOLD Vault! Your Gold & Silver Investment is About to Become Priceless - EB Tucker

New York Fed GOLD Vault! Your Gold & Silver Investment is About to Become Priceless - EB Tucker

Money Sense:  3-3-2025

A potential gold revaluation presents a unique, non-default pathway for managing the United States surging national debt.

The discussion extends beyond simple market pricing, with central banks showing renewed interest in physical gold and a global trend toward repatriating tangible assets.

 EB Tucker explains that if gold reaches 4,000 dollars per ounce, US reserves would be worth 27 trillion dollars —about half the US stock market's valuation.

 He highlights that stocks are a uniquely American asset, contrasting them with the London Stock Exchange, which struggles to retain major companies. It took gold a decade to appreciate from 2,000 to 3,000 dollars, and according to our charts, the market is behaving similarly to 2011, a peak that lasted a decade.

Thus, moving from 3,000 to 4,000 dollars might take another decade. If so, the interest payments on an equivalent amount of debt would roughly wipe out the price gain.

Reflecting on his personal experience, Tucker recalls visiting the New York Fed gold vault in 2001. He notes that institutional investors avoid physical gold, preferring futures and contracts since physical metal is lately seen as "dead money" that doesn't generate returns.

However, recent developments have raised concerns over the accuracy and transparency of these reserves. Speculation about potential shortages or overstatements in US gold reserves could significantly impact financial markets, inflation expectations, and investor sentiment.

However, Tucker emphasizes JP Morgan's near silver crisis due to the Wall Street Silver movement. He explains that institutions avoid holding physical metals, preferring to lease gold and create complex financial instruments.

 Recently, gold deliveries on the COMEX have reached record levels, a clear indicator of the explosion in demand for physical gold. This phenomenon could create a snowball effect, prompting other major institutions and central banks to step up their delivery demands, putting further pressure on the system as a whole.

Looking at major fundamentals, EB Tucker argues that gold's price movements over the past few years were due to a well-managed, financialized market rather than external factors like tariffs. He explains that large-scale futures trading was used to control price volatility, but recent declines in futures volume indicate a shift in market dynamics.

 Strength in gold earlier this month is linked to increased safe-haven demand, increasing expectations of accelerated Federal Reserve interest rate cuts, and growing inflows into gold-backed exchange-traded funds.

Since December, over 600 tons of gold have been transferred to New York City vaults, according to the World Gold Council.

Gold has not been a direct target of tariffs, but market reactions to trade uncertainty have driven a significant shift in trading behavior and impacted the gold price.

 The movement of gold from London to the US, rising COMEX premiums, and concerns over availability were largely the result of risk management decisions rather than true supply issues.

https://www.youtube.com/watch?v=op4U4IB6Tb0

“Coffee With MarkZ” Monday Morning Chat 3-3-2025

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

MarkZ  Update- Some highlights by PDK-Not verbatim

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

​​Member: Good morning tier 4b people it’s another day another dollar …I only get to keep a dime… come on baby. It’s RV time.

Member: Am I the only one that thinks we’re so close but still so far away?!? I hate to be so negative but holy cow this is never ending journey.

Member: I understand the depths of frustration, it's like our lives are standing still

Member: Someday we will look back at this loooong wait and know it was worth it.

Member: It sure feels like news has stopped everywhere….very quiet in Dinarland over the weekend.

Member: Have you heard any good RV news over the weekend Mark?

MZ: There is a huge amount of hype going on for tomorrow. If I am hearing this- I am sure you all are hearing it too. Big expectations going on right now on the RV side.

Member: So if it’s plastered all over the place….guaranteed no notifications will happen.

MZ: I don’t know. By now, whenever everybody is saying its time. We all, at this point assume it’s not happening. We are numb. Boy who cried wolf , wolf, wolf…..noone believed him…no one was listening anymore……but finally the wolf was really there. So maybe this is positive

Member: Many think Trumps State of the union address to the nation will be big tomorrow night.

MZ: And Kurdistan oil is supposed to start tomorrow as well. The pipeline is ready. So along with the State of the union speech…it should be a big day tomorrow. We may even see a softball pitch about Nesara.

Member: ​​Trump tweeted tomorrow will be big. He will tell it like it is. I’m super excited to see what he is going to say.

Member: Trump just announced an investment press conference at 1:30 EST today.

Member: Any bond information Mark movement on any of your bond contacts thank you

Member: Isaac said things moving very quickly

MZ: Where do I go without getting anyone in trouble? I know so many historic bond contacts that are scheduled for final contracts on Tuesday….I did get information over the weekend that makes me difficult for me to say anything …..I should not say more than that until I get clarifcation.

Member: Let’s hope that is very good news.

MZ: In Iraq: “Masher Saleh : Geopolitical controls push for the shift to official channels for currency trading”    He is an economic advisor to Sudani and he is talking about how successful they are with economic reforms. Being able to track everything now has made a huge difference. They are still talking about raising the value of the dinar and giving purchasing power to every Iraqi.  .

MZ: “Iran’s Parliament fires minister of finance over plummeting Rial and mismanagement” They are saying it’s all his fault. They forget to say they spend a ridiculous amount of their GDP on military funding and terrorist organizations…

MZ: Iraq is working closely with the Government of Switzerland for the massive amount of money that was moved in 2003. These are funds that were embezzled out of Iraq. They are trying to settle all these old crimes and corruption. They want all these funds to be returned to the government of Iraq.

MZ: With Nesara/Gesara….They have to clean things all up …I think they are doing it right now.

MZ: “Crypto spikes as Trump discusses strategic reserve ahead of White House Summit”  Big announcement this weekend…..They put Bitcoin and Etherium in it. What the Trump team is putting in there provides for a free standing financial system outside of SWIFT and Central Banks. If anything in there is actually gold or asset backed…we would have a complete slam dunk. They have the ability to do that quickly. XRP is also one of those.

Member: I see xrp being = to 1 ounce of gold and xlm to 1 oz silver

Member: Didn’t President Trump say at the end of Feb. They could no longer use the US dollar in Iraq and Iraq?

MZ: They were shooting for that date. They have come close to that. The last week or so they have really clamped up on dollar flows to Iran.

Member: Markz-  is this  the closest you've ever seen this RV happening ?

MZ: There are so many balls in the air right now…and it could all come together very quickly. But this is absolutely the closet I have ever seen us.

Member: Everyone in my world thinks this will never happen. Can’t wait to say, “see I told ya”!!

Member: Out of 340 million people in USA only 1 million will be exchanging. See how blessed we are!

Member: when you watch the clock it seems to go into slow motion ... live life & glance at the clock occasionally ... don't worry be happy ... lol ... we're about there ...

Member: Thanks everyone. Have a great day

Member: Hang in there- It’s always darkest before the dawn!

Mod:  NO PODCAST TONIGHT! SEE YOU ALL BACK TOMORROW AT 10:00 A EST!  FROM NOW ON NO MORE NIGHTLY PODCASTS ON MONDAYS AND FRIDAYS

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. NO PODCAST TONIGHT! SEE YOU ALL BACK TOMORROW AT 10:00 A EST!

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

Iraq Economic News and Points to Ponder Monday AM 3-3-25

Reasons For The Decrease In The "Temporary" Dollar Exchange Rate In Iraq
 
Economy ​ | Baghdad today – Baghdad  The specialist in the economic affairs, Nasser Al-Tamimi, commented today, Sunday (2 March 2025), the continuous decrease in the dollar exchange rate in the local markets days ago.
 
Al -Tamimi told "Baghdad Today", that "the decline in the exchange rate of the dollar in the local markets is  temporary,   due to the lack of demand for it currently in the market due to the month of Ramadan, where there is a   decline in the demand process as well as shopping in dollars such as cars, real estate and other issues sold in dollars."

And that  "this decrease is temporary and will return to rise again, especially with the near days of Eid Al -Fitr, after which it will return to its position between (150 and 151) per 100 dollars," noting that
 
"this decrease did not come due to real remedies for this long time, but the
 
real reason is the lack of demand during these days."
 
The dollar exchange rate continued, today, Sunday (2 March 2025), a decrease in the local stock exchange, down to record levels for the first time in several months.
 
The "Baghdad Today" correspondent said that the dollar prices, on the struggle and Al-Harithiya stock exchanges in the capital, Baghdad, recorded, on Sunday afternoon 146,800 thousand dinars for $100.    
  
https://baghdadtoday.news/268975-أسباب-انخفاض-سعر-صرف-الدولار-المؤقت-في-العراق.html 

Central Bank: Gold Reserves Grow By 45.1 Percent

Sunday 02 March 2025 11:30 | Economic Number of readings: 339  Baghdad / NINA / The Central Bank of Iraq announced today, Sunday, that gold reserves recorded a growth of 45.1 percent.

The Central Bank said in a statement: "The gold reserves of the Central Bank of Iraq recorded a growth of (45.1%) in the fourth quarter of 2024 compared to the same quarter of the previous year, as they rose from (12.29 trillion dinars in the fourth quarter of 2023 to (17.83) trillion dinars for the same quarter in 2024 as a result of the increase in the amount of gold and gold prices."

He added that "this carries great benefits as it enhances economic and financial stability and protects against risks, and is considered an important tool for intervening in the exchange market." /https://ninanews.com/Website/News/Details?key=1189541

Iraq's Oil Exports To America Declined Last Week

Sunday 02 March 2025 12:01 | Economic Number of readings: 281  Baghdad / NINA / The US Energy Information Administration announced today, Sunday, that Iraq exported more than 200 thousand barrels to America during the past week.

The administration stated in a table, "The average US imports of crude oil during the past week from 9 major countries amounted to 5.535 million barrels per day, up by 260 thousand barrels per day from the previous week, which amounted to 5.275 million barrels per day."

It added that "Iraq's oil exports to America amounted to 228 thousand barrels per day, down by 29 thousand barrels per day from the previous week, which amounted to 257 thousand barrels per day.

" The administration indicated that "most of America's oil revenues during the past week came from Canada, followed by Mexico, Venezuela and Saudi Arabia."

According to the table, "the amount of US imports of crude oil continued from Ecuador, Brazil, Colombia and Nigeria." / End   https://ninanews.com/Website/News/Details?key=1189550

SOMO: Iraq Exports More Than 4 Million Tons Of Oil Derivatives In 3 Months

Energy  Economy News – Baghdad  The State Oil Marketing Company (SOMO) announced the export of 3 petroleum products, amounting to more than 4 million tons of petroleum derivatives, during the fourth quarter of 2024.

SOMO said in its tables, which were reviewed by Al-Eqtisad News, that "Iraq exported 4 million, 465 thousand, and 749 tons of oil derivatives from October until December 2024."

The company added that "Iraq exported fuel oil in the amount of 4 million, 216 thousand, and 145 tons in the fourth quarter of 2024, compared to the same period in 2023, in which fuel oil exports amounted to 2 million, 796 thousand, and 606 tons."

According to the tables, "Iraq also exported 194,637 tons of naphtha," noting that "jet fuel was also exported in an amount of 54,967 tons."

Naphtha is an intermediate intended either for the petrochemical industry (such as ethylene manufacturing or aromatics production) or for the production of gasoline by reforming or isomerization within the refinery.   https://economy-news.net/content.php?id=53072

Oil Prices Record First Monthly Loss Since Last November

Saturday 01 March 2025 08:29 | Economic Number of readings: 263  Baghdad / NINA / Oil prices fell by more than 1% at settlement on Friday evening and are heading to record the first monthly decline since November, as markets await Washington's threats to impose customs duties and Iraq's decision to resume oil exports from the Kurdistan region.

Investor sentiment was also affected by the uncertainty surrounding OPEC's plans for production in April and the ongoing peace talks to end the war in Ukraine.

Brent crude May contracts, the most active, fell 88 cents, or 1.2%, to $72.69 a barrel, while US West Texas Intermediate crude recorded $69.36 a barrel, down 99 cents, or 1.41%, according to Reuters.

Brent crude futures for the nearest month, which expire today, were traded at $73.09 a barrel, down 95 cents.

Both benchmarks are heading to record their first monthly decline in 3 months.

Investors' appetite for risk has been reduced by factors such as expectations of an economic slowdown in the United States, tariffs, OPEC+ plans to increase supplies in April, and the possibility of a peace deal in Ukraine, which could boost Russian oil exports. / https://ninanews.com/Website/News/Details?key=1189347

Gold Posts Weekly Losses But Monthly Gains

Saturday 01 March 2025 08:58 | Economic Number of readings: 183  Baghdad / NINA / Gold prices fell in global markets at the end of trading on Friday evening, recording weekly losses, but achieved gains throughout the February sessions.

The price of gold futures fell by 1.6%, with losses of about $ 47, at $ 2848 per ounce, but recorded weekly losses of about 1.8%, but with monthly gains of 0.4%.

At settlement yesterday, gold fell in spot transactions by 0.9%, equivalent to $ 26, to $ 2851 per ounce.

The dollar rose against the euro by 0.3% at $ 1.0367, and the greenback rose against the Japanese yen by 0.5% at 150.6000 yen, and against the British pound by 0.2% at $ 1.2572. / https://ninanews.com/Website/News/Details?key=1189349

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

Seeds of Wisdom RV and Economic Updates Monday Morning 3-03-25

Good Morning Dinar Recaps,

RIPPLE UNLOCKS 1B XRP AS TRUMP ADDS IT TO US CRYPTO RESERVE, PRICE JUMPS 30%

▪Ripple unlocked 1 billion XRP on March 3, but re-locked 700 million tokens into escrow after Trump's crypto reserve announcement.

▪Whale Alert reported major XRP movements, with 500 million XRP sent to two different wallets.

▪XRP’s price hit $2.60 but faces resistance at $3; if it breaks through, the next target could be $3.40, its January high.

As part of the monthly release of 1 billion XRP tokens, Ripple unlocked another 1 billion XRP on the 3rd of March before re-locking the 700 million XRP tokens into an escrow wallet.

This came after U.S. President Donald Trump announced on Truth Social that select cryptocurrencies, including XRP, were added to the new U.S. Crypto Strategic Reserves. Following this news, XRP, the third-largest cryptocurrency by market cap, surged 30% in a day, reaching a market cap of $150 billion.

Could this endorsement bring in more institutional investors and fuel an even bigger rally? Let’s dive into the details.

XRP On the Move!

On March 3, blockchain tracker Whale Alert reported the release of 1 billion XRP from Ripple’s escrow accounts, worth around $2.6 billion in multiple transactions. The first 500 million XRP was sent in two batches 100 million first, followed by 400 million to the wallet ‘rGKHD…2Bdh.’

However, a few minutes later, another 500 million XRP was sent in a single transaction to the wallet ‘rHGfm…sbQr.’

Ripple unlocks XRP every month, but this time, the release gained more attention due to Trump’s announcement. Many believe that adding XRP to the U.S. Crypto Reserve could bring in more big investors and boost its price.

700 Million XRP Locked Back in Escrow

Despite unlocking 1 billion XRP, Ripple did not release all of it into the market. Instead, 700 million XRP was locked back into escrow. Here’s how the distribution played out:

First wallet: Received 500 million XRP but has not moved it yet. Previously, it sent 300 million to another wallet on March 1 and locked back 200 million.

Second wallet: Received 500 million XRP but quickly moved the same amount to another Ripple wallet, which then locked it back in escrow.

If Ripple follows its usual monthly pattern, another 100 million XRP might be locked, leaving only 200 million XRP in circulation.

XRP Price Jumps but Faces Resistance

Following these events, XRP’s price surged 17%, reaching $2.60 at the time of writing. In the past 24 hours, it has gained 30%, pushing its market cap to $150 billion.

However, technical indicators suggest that XRP is now facing resistance at the $3 level, which could slow down its rally. If buyers break past this level, the next target could be $3.40, its January high.

XRP’s bullish surge signals growing confidence—whether it can sustain this momentum is the real question.

@ Newshounds News™

Source:  Coinpedia

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TOKENIZATION CAN TRANSFORM REAL ESTATE INVESTING — POLYGON CEO

Tokenizing real estate and overhauling property investment markets has its challenges but is a killer use case for blockchain technology.

Real-world asset (RWA) tokenization can completely overhaul the real estate investment sector, which is highly illiquid, filled with intermediaries, and high transaction costs, according to Polygon CEO Mark Boiron.

In an interview with Cointelegraph, the CEO said that tokenization of properties could remove unnecessary intermediaries, thereby lowering transaction costs.

The CEO added that fractional ownership and trading tokenized real estate on the secondary markets would open up liquidity and increase the velocity of money. Boiron told Cointelegraph:

"The thing you really want is the ability to eliminate the illiquidity discount on real estate. All real estate is illiquid and therefore it's discounted to some degree. It can be more valuable if it's liquid."

Lumia Towers, an ongoing $220 million commercial real estate development in Istanbul, Turkey, featuring two skyscrapers with 300 mixed-use commercial and residential units, used Polygon's technology to tokenize the project.

Boiron said that the future of real estate is onchain. However, regulators must be comfortable with blockchain technology and public permissionless systems before tokenized real estate becomes the de facto standard.

In the United States, Quarter offers tokenized alternatives to debt-based home mortgages to increase levels of home ownership and make it more affordable to aspiring home buyers.

The company achieves this by assigning fractionalized equity rights to both the property investor and the prospective home buyer, which can be sold — deviating from the traditional debt-based mortgage financing that is the current standard in many jurisdictions.

In February 2025, real estate platform Blocksquare launched a real estate tokenization framework for the European Union that allows equity rights to be assigned and transferred onchain.

Real estate asset tokenization is gaining popularity in the United Arab Emirates (UAE) in what has become one of the hottest real estate markets in the world.

According to Tokinvest founder and CEO Scott Thiel, property developers in the UAE are scrambling to tokenize their projects as an alternative means to traditional financing structures.

Stablecoin issuer Tether also partnered with real estate platform Reelly Tech in February 2025 to expand the use of USDt in real estate transactions in the UAE.

@ Newshounds News™

Source:  CoinTelegraph

~~~~~~~~~

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Thank you Dinar Recaps

News, Rumors and Opinions Monday AM 3-3-2025

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 Mon. 3, March 2025

Compiled Mon. 3, March 2025 am EST by Judy Byington

Possible Timing:

March 4 1861 was the day Abraham Lincoln was Inaugurated as the 16th President of the Republic.

On Tues. 4 March 2025 (164 years later) President Trump was making a major announcement to a joint session of Congress that was mandatory for all to attend.

Sun. 2 March 2025 Aerial on X: The revaluation of the Iraqi Dinar is for the New Republic that basically begins on Tues. 4 March when President Trump addresses both houses of Congress.

On Sun. 2 March 2025 the Iraqi Minister of Finance (allegedly) announced the new Dinar Rate would go on the Forex.

On Sun. 2 March 2025 the IMF bought off on release of the Iraqi Dinar as a reserve currency. …Brothers Technology on X

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What We Think We Know as of Mon. 3 March 2025:

Sun. 2 March 2025: Trump and Musk’s DOGE investigation will be auditing Fort Knox and answering questions that could bring down the Deepstate: Is there any gold left in Fort Knox? If not, WHO stole it and WHERE did it go? Does a SECRET TUNNEL connect the Fed and JP Morgan’s vaults? Has the Federal Reserve been LYING about its gold reserves? Will this audit finally DESTROY the Globalist Banking Cartel?

As of 15 Sept. 2024 the QFS was (allegedly) fully operational and went live on Sat. 1 March 2025 for over 130 countries confirmed in the military-secured, gold-backed QFS as they rolled out the Global Currency Reset.

The IRS, a deepstate stronghold, is (allegedly) in the process of being dismantled. Trump’s executive order on February 10, 2025, has initiated a transition away from income taxation. A fair consumption tax will replace it, ensuring that only non-essential goods are taxed.

The US Debt is set to be wiped out: WORLDWIDE BANKING PANIC! GCR/RV IGNITES as U.S. DEBT Set to Be WIPED OUT – The Bank of England’s Vaults Are EMPTY, Central Banks on the Verge of COLLAPSE! – Gazetteller

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Sun. March 2 2025 DOGE Investigation Government Waste

Elon Musk just exposed what he calls the “biggest scam” in U.S. history during his viral appearance on episode #2281 of The Joe Rogan Experience. The focus of the conversation was government waste—and Musk had plenty to say. Musk quickly dropped a shocker when he revealed that the government handed the Navy $12 billion to build new submarines—and not a single submarine was built. When lawmakers asked where the money went, Navy officials shrugged and said they had no idea—a revelation Musk heard firsthand from Senator Susan Collins (R-Maine). “There’s a case where I think Senator Collins was telling me about how she gave the Navy $12 billion for more submarines, got no extra submarines, and then held a hearing to say where the $12 billion go. And they were like, we don’t know. That was it. I mean, basically, stuff is so crazy. Only the federal government could get away with this level of waste,” Musk said.

Read full post here:  https://dinarchronicles.com/2025/03/03/restored-republic-via-a-gcr-update-as-of-march-3-2025/

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

Frank26   [Iraq boots-on-the-ground report]  FIREFLY:  Kuwait is the size of a state inside of Iraq and their currency is the strongest.  But not for long.  FRANK:  I love your attitude these last few days buddy!  IMO the Iraqi dinar is soon to swallow the Kuwait currency let alone all of the currencies in the Middle East and possibly in the world.

Fnu Lnu  Question:   "How do you see this impacting the physical dinar we hold?"  The Iraqi Dinar will always be a paper currency needed...for domestic commerce. The Iraqi Dinar will be electronic at the same time just like the USD ie: credit cards, debit cards, however, there will be a necessity for cross-border payments and receipts. If Iraq wants to buy dates from Italy, they must pay for them but how?  Cross border payment...Iraq is being schooled right now on digital currencies and how to use them.  The IQD will never be replaced with a crypto currency as the crypto will be used for cross-border payments only...The new digital currency is not made to replace the IQD, it is made to make it work more efficiently.  I believe, this is how we will be paid for the RV...The IQD will not be stored in our reserves...This is all going to be unnecessary in the future world of FinTec...This is also why I believe the RV is taking so long and Iraq is stalling with all their lame excuses that are illogical and do not make sense. That is my opinion based on the fact that K2 and Wyman are there now, schooling them on cross-border payments which is a known fact.  

GOLD RUSH HOUR: Gold, Silver & the Accelerating Currency Reset

Taylor Kenny:  3-2-2025

Is the global financial system on the edge of collapse? Economic Journalist Taylor Kenney and ITM Trading President Eric Griffin break down gold’s surging role, the accelerating currency reset, and the real risks of Central Bank Digital Currencies (CBDCs).

Key Topics Covered:

🔹 When is the financial reset happening? What will trigger it?

🔹 Will endless money printing lead to a total collapse?

🔹 How will gold and silver protect your wealth in a reset?

🔹 Why are Central Bank Digital Currencies (CBDCs) so dangerous?

🔹 What steps should you take RIGHT NOW to prepare?

https://www.youtube.com/watch?v=xEp1nnD6PwE

“Tidbits From TNT” Monday Morning 3-3-2025

TNT:

Tishwash:  Mazhar Saleh: Geopolitical controls push towards shifting to official channels for currency trading

Mazhar Muhammad Salih, the financial advisor to the Prime Minister, confirmed that the geopolitical controls imposed on informal trade contribute to expanding dealings with official outlets for foreign currency, which contributes to financing foreign trade through the sound international financial system.

He pointed out in his statement to {Euphrates News} that "this shift aims to move away from informal financing from the parallel dollar market intensively, especially with the change in the behavior of small traders in avoiding the parallel market linked to the countries' regional and geopolitical problems." 

Saleh added that "this shift comes in the context of the importance of increasing Iraq's foreign reserves and confronting money smuggling operations, in addition to facilitating external transfer operations through Iraqi banks that deal with international banking correspondents, at an official exchange rate of 1,320 dinars per dollar."

He also stressed that the end of the compliance platform phase adopted by the Central Bank of Iraq in the past two years and the country's entry into a new phase has contributed to providing great flexibility in financial transfers through official channels.   link

Tishwash:  Al-Sudani receives a delegation from the Chinese company (Power China) to review the projects it is implementing in Iraq

Prime Minister Mohammed Shia Al-Sudani received today, Sunday, the CEO of the Chinese company (Power China) Chen Guan Fu, and his accompanying delegation.

A statement from the Prime Minister's Office stated that during the meeting, the projects implemented by the company in Iraq were reviewed, including solar energy projects, combined cycle projects and gas stations, within the framework of government orientations seeking to diversify energy sources.

Al-Sudani was briefed on the plans and procedures followed to implement these projects, and the mechanisms for expanding the work of the Chinese company based on the plans set by the government, in addition to discussing joint projects with the Iraq Development Fund, especially in the field of investing and implementing clean and renewable energy projects in Iraq.  link

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Masa'iya" will return next Sunday.. The Iraqi parliament suspends its sessions this week

A source in the Iraqi parliament reported on Sunday that the parliament presidency has suspended sessions this week, and that they will resume next week.

The source told Shafaq News Agency, " The Iraqi Parliament Presidency informed the representatives that there will be no parliament session this week."

He added that " the council will resume its regular sessions on Saturday or Sunday of next week," indicating that "the sessions will be held in the evening after breakfast."   

Last week, the member of the Parliamentary Legal Committee, Mohammed Anouz, revealed to Shafak News Agency that the Parliament sessions during the month of Ramadan will be in the evening, i.e. after breakfast, to ensure the continuation of legislative work before the end of the current session .

It is noteworthy that the current session of the Iraqi Council of Representatives began on January 9, 2022, and is scheduled to continue for four years, which means that it will end on January 8, 2026 .

According to the amended Electoral Law No. 12 of 2018, legislative elections must be held 45 days before the end of the parliamentary term .

Accordingly, the next elections are expected to be held in late November 2025 .  link

Mot: Where I Is Headed if the Dang - ""RV"" doesnt Happen Soon!!  

Mot:  Amazing What Ya Learn frum da Net!!! 

Sunday Night “Humor While We Wait” Posted by Mot at TNT

TNT:

Mot: ... Three friends each married women from different regions

Three friends each married women from different regions of the United States.

The first man chose a wife from Wisconsin. He instructed her that her responsibilities included doing the dishes and cleaning the house. After a couple of days, he returned home on the third day to find the house spotless and the dishes neatly put away.

The second man married a woman from Minnesota. He directed her to handle all the cleaning, dishwashing, and cooking. Initially, he noticed no changes on the first day, but by the second day, things had improved. By the third day, he was pleased to find the house tidy, the dishes done, and a large dinner prepared for him.

The third man took a bride from Kentucky. He demanded that she maintain a clean house, wash the dishes, mow the lawn, do the laundry, and ensure hot meals were ready for every meal. He recounted that on the first day, he saw no progress, and the second day was the same. However, by the third day, some of the swelling had subsided, allowing him to see a bit out of his left eye, and his arm had healed enough for him to make a sandwich and load the dishwasher. He still experiences some challenges with urination.

Mot: ....... An elderly priest, with a twinkle in his eye

An elderly priest, with a twinkle in his eye, turned to the younger priest and said,

“You had a brilliant idea replacing the first four pews with plush bucket theater seats. It’s incredible how the front of the church fills up first now.”

The younger priest smiled and nodded as the older priest continued.

“And when you suggested adding a little more rhythm to the music, I’ll admit I was hesitant. But bringing in that Rock ‘n Roll Gospel Choir has been a game-changer. Now, our services are packed all the way to the balcony!”

“Thank you, Father,” the younger priest replied humbly.

“I admire your openness to the fresh ideas of youth,” the older priest said warmly. “Most of your ideas have been wonderful.”

The younger priest sensed a “but” coming, and sure enough, the elder priest added, “However, I think you’ve gone too far with the Drive-thru Confessional.”

“But, Father!” the young priest protested, “Confessions have doubled, and donations are pouring in since I introduced it!”

The elder priest nodded thoughtfully. “Yes, I noticed. And I do appreciate your efforts. But the flashing neon sign on the church roof that says, *‘Toot ‘n Tell’ or ‘Go to Hell’*... well, that simply has to go.”

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

Mot:  “Ladies and gentlemen, today is the luckiest day of my life!”

The bride kissed her father on the cheek and discreetly placed something in his hand.

Curiosity rippled through the room as everyone wondered what the bride had just given her father.

Feeling the suspense, the father decided to address the room. Clearing his throat, he said with a big smile:

“Ladies and gentlemen, today is the luckiest day of my life!”

He then dramatically raised his hand, revealing what his daughter had handed him.

“My daughter has finally returned my credit card!”

The room erupted in laughter, the joyous moment spreading like wildfire.

Well, everyone laughed—except one person.

The groom sat quietly, his face a mixture of realization and dread.

Mot: .. Calm Down Dude

Mot: Ya Knows - This Reality Show can beeee a Pain at times!!!

Mot .. What a Challenge it Was!!!

Iraq Economic News and Points to Ponder Sunday Afternoon 3-2-25

Expert: The Decline In The Dollar Exchange Rate Is Not Guaranteed And Speculation Is Behind The Decline

March 2, 2025  Baghdad - Qusay Munther  Economist Mahmoud Dagher attributed the reasons for the decline in the dollar price in local markets to the filling of the dollar portfolios of neighboring countries. Dagher said in a statement yesterday that (the influx of large amounts of dollars to neighboring countries has led to their hard currency reserves being filled, which has contributed to the decline in the dollar price in local markets), noting that (the continuation of this decline is not guaranteed, given the existence of speculation in the dinar market that may affect the stability of the exchange rate).

Local markets in Baghdad and the Kurdistan Region have witnessed a gradual decline in the dollar price, as it currently stands at 147 dinars per hundred dollars in Baghdad, while it has recorded 146,300 dinars per hundred dollars in the region.

At the same time, the Central Bank of Iraq has lifted the smoke from local brick factories by launching an environmental initiative aimed at converting these factories from using polluting fuel to clean energy, in line with global trends to confront climate change, which paves the way for a more sustainable economy, and puts Iraqi industry on the cusp of a green transformation that contributes to reducing carbon emissions and protecting the environment.

The bank said in a statement received by (Al-Zaman) yesterday that (in light of global trends, and in line with the policies of central banks in reducing carbon emissions and enhancing environmental sustainability, we announce the adoption of clean energy solutions in coordination with the Ministry of Environment, which contribute to achieving sustainable development),

 and indicated that (based on this role, we announce the inclusion of local brick factories in soft loans for the renewable energy initiative to shift from the use of polluting fuel, black oil, to cleaner fuel, liquefied gas, to reduce air pollution, raising the loan ceiling to 500 million dinars for each factory through licensed Iraqi banks),

and the statement explained that (the bank also decided to support the Environmental Protection and Improvement Fund with an amount of one billion dinars to confront air pollution and the resulting environmental changes),

 and went on to say that (these decisions come in response to the requirements of green economic development, reducing the environmental impact of industry and supporting the gradual transition towards a more sustainable economy).

The bank confirmed that gold reserves recorded a growth of 45.1 percent. The statement said that (the bank's gold reserves recorded a growth of 45.1 percent in the fourth quarter of last year compared to the same quarter of the previous year, as they rose from 12.29 trillion dinars in the fourth quarter of 2023 to 17.83 trillion dinars for the same quarter of the same year,

 as a result of the increase in the quantity and prices of gold), noting that (this carries great benefits as it enhances economic and financial stability and protects against risks, and is considered an important tool for intervening in the exchange market).

In a related context, foreign and Iraqi gold prices decreased in the local markets in Baghdad, while they stabilized in Erbil.Experts said that (gold prices in the wholesale markets of Al-Nahr Street in Baghdad recorded a selling price for one mithqal of 21 karat Gulf, Turkish and European gold of 590 thousand dinars, and the purchase price of 586 thousand dinars),

 adding that (the selling price of one mithqal of 21 karat Iraqi gold recorded at 560 thousand dinars, and the purchase price reached 556 thousand), stressing that (gold prices in goldsmiths’ shops for the Gulf mithqal of 21 karat range between 590 and 600 thousand dinars,

while the sale of the Iraqi gold mithqal ranges between 560 and 570 thousand dinars), and the experts went on to say that (gold prices in Erbil recorded stability, as the price of 24 karat gold reached 685 thousand dinars for sale, 22 karat gold reached 628 thousand dinars, 21 karat gold reached 600 thousand dinars for sale, and 18 karat gold reached 515 thousand dinars).

Meanwhile, Rafidain and Rashid banks have started disbursing the salaries of civilian and military retirees for the current month of March. A statement received by Al-Zaman yesterday said that “Rafidain and Rashid banks have raised the salaries of civilian and military retirees for the current month of March,” and the two banks stressed that “beneficiaries should visit their branches and electronic payment centers to receive their financial dues.”

 The National Retirement Authority had previously announced the disbursement of retirees’ salaries for the month of March. The Authority’s Deputy Chairman, Hussam Abdul Sattar, said in a statement yesterday that “the salaries of retirees for the current month have been disbursed.”

Calling on retirees who receive text messages to (review the disbursement outlets to receive their salaries gradually).

 Meanwhile, the Ministry of Labor and Social Affairs launched the social assistance payment for the month of March. A statement by the ministry received by Al-Zaman yesterday stated that (the ministry announces the launch of the social assistance payment for the current month, which includes more than two million and 117) thousand families, with a total amount exceeding 457 billion dinars).

For his part, the head of the Social Protection Authority, Ahmed Al-Moussawi, said that (the number of families covered by the assistance supported by men has reached more than one million and 536 thousand families, with a total amount exceeding 368 billion dinars, while the number of families supported by women has reached more than 581) thousand families, with a total amount exceeding 88 billion dinars),

 calling on the beneficiary families to (review the disbursement outlets to receive the assistance allocated to them), stressing (the necessity of following up on the announced disbursement dates to ensure receipt of the amounts), and he went on to say (the beneficiaries must not withdraw the full amounts deposited in their cards, to benefit from the discount service that reaches 15 percent in hypermarkets, which has officially entered into force).  LINK

The Dollar Continues Its Sudden Decline In The Irayqi Markets With The Closure Of The Stock Exchange

Economy | 05:56 - 02/03/2025    Mawazine News – The US dollar prices witnessed a decline today, Sunday, in the markets of the capital Baghdad and Erbil, the capital of the Kurdistan Region, with the closure of the stock exchange in the country.

The dollar prices decreased with the closure of the two main stock exchanges in Baghdad, Al-Kifah and Al-Harithiya, to record 147,500 dinars per 100 dollars, while the prices were 147,800 dinars per 100 dollars this morning.

As for the selling prices in exchange shops in the local markets in Baghdad, they decreased, as the selling price reached 148,500 dinars per 100 dollars, while the purchase price reached 146,500 dinars per 100 dollars.

In Erbil, the dollar also recorded a decline, as the selling price in exchange shops reached 146,800 per 100 dollars, while the purchase price reached 146,700 dinars per 100 dollars. https://www.mawazin.net/Details.aspx?jimare=259931

IMF Confirms Support For Iraq In Developing Financial Policies

Money and business   Economy News - Baghdad

The Ministry of Finance confirmed, on Sunday, that the Iraqi government is committed to achieving financial sustainability that supports development and stimulates investment, while the International Monetary Fund expressed its support for Iraq in developing financial policies.

A statement by the ministry, seen by Al-Eqtisad News, stated that "the Iraqi delegation concluded its meetings with the International Monetary Fund in Amman during the period from February 24 to 26, 2025, with the participation of the Minister of Finance, Taif Sami Muhammad, and the Governor of the Central Bank of Iraq," noting that "the economic performance of Iraq and the prospects for sustainable growth were discussed, amid appreciation for the progress made."

The statement added, "The discussions, in which experts from the Ministries of Finance, Planning, Oil, Electricity and the Central Bank participated, focused on macroeconomic indicators, where a remarkable growth in non-oil GDP was recorded at 5% for the year 2024, driven by the expansion of the agricultural sector and the increase in public spending, with growth expected to continue at 3.5% in 2025."

The mission confirmed, according to the statement, that "these figures reflect an improvement in economic diversification and a reduction in dependence on oil, which enhances the stability of the national economy, in addition to reviewing actual expenditures and expected revenues for the year 2024 and expectations for the year 2025 and how to finance the deficit."

The statement added that "the meeting discussed updating the public debt strategy with mechanisms that ensure public financial sustainability and enhance investor confidence in government bonds. The IMF also stressed the importance of developing the banking sector to support investments and attract foreign capital, which contributes to creating a more stable financial environment."

The Fund confirmed, according to the statement, "its support for Iraq in developing financial policies by providing advisors and experts to assist the Ministry of Finance in managing public debt and improving the tax system in line with the requirements of economic growth."

The statement added, "Within the framework of enhancing financial stability, it was agreed to intensify efforts to expand cooperation with foreign correspondent banks, which facilitates foreign trade financing operations, in addition to enhancing the use of the Iraqi dinar in major transactions, which enhances the strength of the national currency."

The meetings stressed the continued progress in financial and economic reforms, reflecting the Iraqi government’s commitment to achieving financial sustainability that supports development and stimulates investment, in light of an ongoing strategic partnership with the International Monetary Fund.   https://economy-news.net/content.php?id=53079

Iraq, IMF Announce New Steps To Boost National Economy

Economy | 04:46 - 02/03/2025  Mawazine News – The Iraqi Ministry of Finance announced today, Sunday, the results of the meetings held with the International Monetary Fund in the Jordanian capital, Amman, where it was agreed to intensify efforts to expand cooperation with foreign correspondent banks, in a move aimed at enhancing financial stability and supporting the national economy.

A statement issued by the ministry, received by "Mawazine News", stated:

The Iraqi delegation, headed by the Minister of Finance, Taif Sami Mohammed, and the Governor of the Central Bank of Iraq, concluded its meetings with the International Monetary Fund from February 24 to 26, 2025, where Iraq's economic performance and prospects for sustainable growth were discussed, indicating that the progress achieved in various economic sectors was appreciated.

yThe statement indicated that the discussions focused on macroeconomic indicators, as a remarkable growth in non-oil GDP was recorded at 5% for the year 2024, supported by the expansion of the agricultural sector and the increase in public spending, indicating that growth was expected to continue at 3.5% in 2025, reflecting an improvement in economic diversification and a reduction in dependence on oil, which enhances the stability of the national economy.

The meeting also addressed updating the public debt strategy, emphasizing the importance of developing the banking sector to support investments and attract foreign capital, which contributes to improving financial stability.

The International Monetary Fund affirmed its support for Iraq in developing financial policies by providing advisors and experts to assist the ministry in managing public debt and improving the tax system.

In the context of enhancing financial stability, it was agreed to intensify cooperation with foreign correspondent banks, which would contribute to facilitating foreign trade financing operations and enhancing the use of the Iraqi dinar in major transactions.

In conclusion, the statement stressed that the meetings confirmed the continued progress in financial and economic reforms, reflecting the Iraqi government's commitment to achieving financial sustainability that supports development and drives investment, in light of an ongoing strategic partnership with the International Monetary Fund. https://www.mawazin.net/Details.aspx?jimare=259926

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