Recession by Design, Buckle up for Turbulence

Recession by Design, Buckle up for Turbulence

Liberty and Finance:  3-12-2025

In a recent appearance on Liberty and Finance, the anonymous financial commentator Doomberg delivered a stark warning about the current economic climate, predicting an impending recession and dissecting the potential strategies a future Trump Administration might employ to navigate the turbulent waters.

Doomberg painted a picture of an overvalued stock market on the precipice of a correction, fueled by unpredictable global supply chains and escalating geopolitical tensions.

Doomberg’s core argument centers on the inevitability of a recession. He believes the current market valuations are unsustainable, a bubble waiting to burst.

This reckoning, he suggests, will be exacerbated by the fragility of global supply chains, easily disrupted by unforeseen events, and a stock market ill-prepared for a significant downturn.

Beyond the purely economic factors, Doomberg highlighted the geopolitical complexities stemming from the ongoing conflict in Ukraine. He speculated that a Trump Administration might leverage these tensions to benefit the U.S. financially. While the exact nature of this leverage remained undefined, the implication is that Trump would exploit the situation to strengthen the U.S. position on the world stage.

Doomberg further explored how Trump’s potential policies, particularly his emphasis on fiscal conservatism, could impact the market.

He envisions a scenario where Trump’s austerity measures trigger a significant market correction. This correction, while painful in the short term, would ultimately pave the way for a more sustainable and robust recovery.

The conversation culminated in a bullish outlook, albeit one contingent on navigating the coming recession successfully. Doomberg anticipates that Trump’s handling of the crisis could result in a post-crisis economic boom, echoing the recovery seen after the 2008 financial crisis.

This optimistic prediction hinges on the idea that a necessary correction, followed by strategic economic maneuvering, could ultimately set the stage for future growth and prosperity.

Doomberg’s analysis serves as a timely reminder that the financial landscape is constantly evolving and that a nuanced understanding of both economic fundamentals and geopolitical forces is essential for navigating the challenges and opportunities ahead.

While predictions should always be viewed with a degree of skepticism, the insights shared by Doomberg offer valuable food for thought in these uncertain times.

https://youtu.be/F6p826PuU7Y

Coffee with MarkZ , joined by Andy Schectman. 03/12/2025

Coffee with MarkZ , joined by Andy Schectman. 03/12/2025

MarkZ  Update- Some highlights by PDK-Not verbatim

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

Member: Good morning Mark! Good morning Mods and Patriots!

Member: Woo-hoooooo!! Let’s gooooo!  Wish you could Flip the switch Mark! Any news today?

MZ: As I mentioned on the news last night- I now have a couple individuals that have been issued travel dollars to get to bond appointments over the coming days. Between now and early next week.

MZ: This is an absolute “first “that we have seen this happening. These are bond holders…not paymasters and facilitators.  These are not attorneys with groups. This is something I have never seen in this process . this is an excellent sign.

MZ: I am trying to track down contacts in the original Farm Claims and Omega Prosperity packages and CMKX. I do not yet have updates on those.

MZ: I am also trying to find out if Wealth management/redemption contacts will be working this weekend of not. I am hoping they already know. This would tell us how confident banks are if they already scheduled folks to work this weekend. I will let you know when I find out.

Member: I wonder- Who is paying the bondholders to go? That’s certainly interesting

Member: So with this BOND news, what is your gut on tier 4b getting to go?

Member: What are the tiers? What tier would zim holders be in

MZ: If you are still holding your physical Zim….you would be in tier 4b along with the rest of the currency exchanges…..If you have already handed your zim over to a group and have an SKR (safe keeping receipt) it is tier 4a.

Member: this is an old one but- There are 5 Tiers of folks Exchanging. Tier 1-governments and royalty Tier 2-whales-elite with platforms of currency, corporations, etc. Tier 3-Admirals Group, American Indians, CMKX, large church groups (like the Mormons), etc. Tier 4-all the hundreds of thousands paying attention to intel - internet groups(all of us). Tier 5- those who never paid attn - the general public.

Member: Europe is trying to install the central bank digital currency to control their people

MZ: yes thanks to Christine LaGarde. I used to think she was on our side. She very clearly isn’t . She is pushing hard at the EU for a FIAT CBDC. If the US falls the world collapses. It will come back but would be pretty ugly.

Member: If the US is gold/asset backed….and Iraq and many others as well…doesn’t it make sense for the rate to be 1 to 1?

MZ: Yes…that is the plan. First they revalue to adjust values…then they reset to go to parity. 1 to 1 based on assets. 

Member: if they go right to reset….and everything just goes 1 to 1…..that would mean all the currencies will be 1 to 1…so for those with bolivar, vnd, rupiah and IQD…we would still do ok. Wish they would just do it.

MZ: I do have a Venezuela update from someone on the ground in Venezuela. The internet over there has been non-functional on a national level in the last day or two.  The news is saying that many peoples credit cards will stop functioning because the digital banking platform is being changed to a new one.

MZ: in other words they are making a complete change of the Venezuelan banking system and they are warning people their credit cards will not work for a brief period. This is an update of their entire national system…I think it’s a big “tell”

Member: is trump really petitioning congress to end the IRS?

MZ: Yes he is really working on it. There are many ideas making the rounds in DC. Determining what is practical and what could work.

Member: Mark heard DOGE Dividend check approval is included in the budget bill just passed by Congress

MZ: I have not heard that. But they have to save money before they can send us money.

Member: You know the senate will block the budget bill just passed by the house. I am worried nothing can get done now.

Member: Maybe a shutdown could cause a flip of the switch to the new QFS?

Member:  BANK Story: My mom went to Truist. She asked the lady if Truist would be a part of the RV & bank lady said I’m not sure. My mom said So you know about the RV & bank lady said Oh yes we have dinar

Member: When I inquired about my dinar and currencies…at his office Branch manager at chase told me he has 3 private clients waiting for the same . Very familiar with RV. That’s all he said .

Member: Rashid to an American newspaper: Iraq is ready to mediate between Washington and Tehran

MZ: Articles today asking the government what are the reasons for delaying sending the budget tables to parliament?  They have everything. They have done everything and they have agreed to everything. Why don’t’ they have the budget tables???

MZ: My opinion is because they have the new rate in it…..that is why. It is very clear they are trying to hide something that is in those budget tables.

​​Member: Iraq is probably waiting for April 1st or the beginning of a new qtr.

Member: The Kurdistan Region’s Ministry of Finance has released the delayed February payday schedule for civil servants and security personnel, set to begin Thursday and conclude Tuesday

Andy Schectman and Jason from Glint join the stream today. Please listen to the replay for their information and opinions.

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

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

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

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

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

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

THANKS FOR JOINING. HAVE A BLESSED DAY! SEE YOU ALL  TUESDAY THROUGH THURSDAY EVENINGS FOR NEWS @ 7:00 PM EST ~ UNLESS BREAKING NEWS HAPPENS!  FROM NOW ON NO MORE NIGHTLY PODCASTS ON MONDAYS AND FRIDAYS

Youtube:     https://www.youtube.com/watch?v=hNZDy0Xc7mc

Iraq Economic News and Points to Ponder Wednesday AM 3-12-25

Ramadan Revives The Iraqi Dinar And Official Expectations Are A Continuous Decrease In The Dollar
 
Economy ​ |Baghdad today- Baghdad
 
The exchange rate of the US dollar in the parallel market in Iraq decreased significantly during the first and second weeks of Ramadan, registering 1480 dinars per dollar of the first lower, from the level of 1520 dinars before the beginning of the month.

The decrease is due to several factors, most notably the
 
     strict measures taken by the Central Bank of Iraq to control the imports and electronic financial transfers, in addition to the
     decrease in the economic activities of the Iraqi citizen during the month of Ramadan.
 
"Strict procedures"
 
Government adviser Alaa Al-Fahd says that the
 
decrease in the price of the dollar in the parallel market is due to the Central Bank’s application of strict procedures aimed at controlling the imports and electronic financial transfers. He adds, that
 
this measure reflects the success of the monetary policy of the central bank, as
 
Iraqi banks began carrying out correspondence with international banks with commercial relations. He added that the
 
diversification of the currency basket contributed greatly to reducing pressure on the dollar, and that
 
most imports of consumer and food commodities are funded through the official platform of the central bank at the official price, stressing that
 
any trading outside this framework is an informal treatment.
 
Al-Fahd praised the
 
     Central Bank's announcement of the application of digital transactions and the
     encouragement of tourism, stressing that
 
these steps contributed to reducing pressure on the parallel market for exchange rates.
 
Al-Fahd expected the continuation of stability in the market, especially with the
 
coverage of most of the needs of Ramadan and the Eid season through the official platform and at the official price, indicating that the
 
expectations indicate that the price of the dollar will continue to decrease in the coming period.

The dollar exchange rate against the dinar in the last week increased significantly before Ramadan, registering 1520 dinars per dollar for sale and 1510 dinars to buy in the main stock exchanges, but in the first week of Ramadan, the exchange rate recorded a significant decrease, as it reached 1465 dinars per dollar for sale and 1475 dinars per dollar for buying in the main stock exchanges in Baghdad, Erbil and Basra.
 
In the second week of Ramadan, the exchange rate increased slightly, and he recorded 1485 dinars per dollar for sale and 1480 dinars per dollar for purchase, with a variation of up or down, not exceeding two and a half dollars.

The Iraqi dinar exchange rates against the dollar are affected by several major factors, including:
 
     Daily sales volume at a currency sale auction
 
     -Central bank procedures related to external transfers
 
     -Traders need to import goods, especially from countries that are subject to US sanctions,
       which increases the demand for the dollar in the parallel market. The
 

     Iraqi dinar smuggling to other countries to benefit from the price differences.
 
"Ramadan changes the rules of the game"
 
For his part, economic expert Ahmed Al-Ansari believes that the
 
decline in demand for the dollar during the month of Ramadan
is mainly due to the low economic activities of the Iraqi citizen, which is
evident in the decline in the movement of real estate, cars and basic services. Al-Ansari explained that the
 
weak purchasing power of citizens also contributed to reducing the volume of import,
which led to a reduction in demand for the dollar in the parallel market. He added that the
 
central bank’s procedures aimed at
 
     reducing import through the black market and
     encouraging merchants and importers to import through approved banks and
     transfer the dollar at the official price,
 
was an additional reason for this temporary decline.

Al-Ansari expected a strong recovery for the markets after the month of Ramadan and by Eid Al -Fitr,
which may lead to a slight increase in the price of the dollar or its return to its previous level, stressing that the
 
price of the dollar is greatly affected by the strength of supply and demand in the market, as
 
it increases as the demand for it increases in the parallel market.
 
He pointed out that the
 
continued facilities provided by the central bank, such as
providing the dollar of travelers, will
 
     encourage citizens to deal at the official price and
     avoid exchange offices and banks that sell the dollar at higher prices.
 
On February 7, 2023, the Council of Ministers approved the decision of the Central Bank of Iraq’s board of directors to amend the dollar exchange rate against the dinar, equivalent to 1300 dinars per dollar, as it obligated banks to sell at a price of 1310 dinars per dollar and at a price of 1320 dinars per dollar for currency transfer operations if the electronic cards are used while traveling or via the Internet, with the ceiling of 3 thousand dollars at the official price granted to each traveler providing a visa and travel ticket with his official passport.
 
Source: Al-Jazeera Net  
  
https://baghdadtoday.news/269711-رمضان-ينعش-الدينار-العراقي-وتوقعات-رسمية-بانخفاض-مستمر-للدولار.html 

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

Seeds of Wisdom RV and Economic Updates Wednesday Morning 3-12-25

Good Morning Dinar Recaps,

U.S. HOUSE OVERTURNS IRS DEFI RULE: TRUMP’S FIRST CRYPTO LAW AHEAD?

U.S. lawmakers voted to cancel an IRS rule that required crypto companies, including DeFi platforms, to collect and report taxpayer and transaction information. 

The House passed the vote 292-132, following the Senate’s decision to reject the rule that was finalized during the final days of former President Biden’s administration. This could change how crypto businesses are regulated.

Fox Business Journalist Eleanor Terrett noted that due to a rule that budget-related bills must start in the House, the Senate will need to vote on the resolution one more time. Once that vote passes, it will go to President Trump’s desk as the first crypto-related bill to become law.

Missouri Republican Jason Smith urged lawmakers to support the resolution, saying the IRS rule could hurt U.S. businesses and stifle innovation. He added that the rule might be impossible to enforce, as DeFi platforms are different from centralized crypto exchanges or banks and cannot gather the required user information to comply with the rule.

Last week, 70 Senators voted to overturn the IRS rule, with Trump’s advisers urging him to sign it. Rep. Jason Smith (R-Mo.) noted the Senate must approve it again due to budget rules. If signed, the IRS would be blocked from enforcing similar rules in the future.

Illinois Democrat Danny Davis argued the rule was part of the 2021 Infrastructure Act, comparing crypto to stocks and saying crypto platforms should report like stock brokers. Meanwhile, North Carolina Republican Tim Moore claimed the rule overstepped and could harm U.S. innovation in digital assets.

Texas Democrat Lloyd Doggett called the resolution “special interest legislation,” saying that it could help tax cheats, criminals, and terrorist financiers, and add $4 billion to the national debt, going against President Trump’s goal to cut the debt.

@ Newshounds News™
Source:  Cooinpedia

~~~~~~~~~

COINBASE GETS GREEN LIGHT TO OPERATE IN INDIA AFTER RECEIVING APPROVAL FROM REGULATORS

Top US-based crypto exchange Coinbase has received approval from India’s Financial Intelligence Unit (FIU) to resume operations in the country after ceasing activities in early 2023 due to regulatory issues.

According to a Coinbase press release, the approval enables the leading US exchange to offer crypto trading services in one of the world’s fastest-growing digital asset markets – India.

Coinbase has announced plans to introduce retail trading services in the country later this year, followed by additional investment products curated for Indian customers.

Says John O’Loghlen, Coinbase’s Regional Managing Director for Asia-Pacific,

“India’s developer community and entrepreneurial energy are unmatched. But too often, young Indian entrepreneurs have felt forced to look abroad to build global companies. Crypto can change that. By expanding access to our trusted platform and tools such as Base, we aim to empower a new generation of builders to stay home, innovate locally, and scale globally.”

The exchange says that India is a “global technology powerhouse home to one of the most vibrant startup ecosystems,” making it a natural fit for Coinbase’s international expansion.

Coinbase joins other global exchanges, including Binance and KuCoin, that have recently received similar approvals.

@ Newshounds News™
Source:  DailyHodl

~~~~~~~~~

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Thank you Dinar Recaps

“Tidbits From TNT” Wednesday Morning 3-12-2025

TNT:

Tishwash:  Iraq, World Bank discuss enhancing financial cooperation

Finance Minister Taif Sami stressed the importance of the ongoing partnership with the World Bank, and Iraq's aspiration to benefit from the technical and financial support provided by the bank in implementing strategic projects to stimulate economic growth and provide job opportunities, especially in areas including infrastructure and human development.

This came during her reception of the World Bank Representative to Iraq, Jean-Christophe Carret, and his accompanying delegation.

The meeting discussed ways to enhance economic and financial cooperation between Iraq and the World Bank. It reviewed a number of key topics related to enhancing financial stability in Iraq, in addition to discussing development projects that the two parties seek to implement with the aim of achieving sustainable development.

For his part, the World Bank representative expressed the bank's commitment to continue supporting Iraq in achieving its development goals, noting that the World Bank pays great attention to enhancing Iraq's ability to face economic and development challenges, with a focus on sustainable development and achieving comprehensiveness in the benefits achieved. link

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Tishwash:  I don't think there is any new information in this article but they have posted it again

Iraq is preparing to launch the digital dinar... a step towards a cashless economy!

 The Central Bank of Iraq is preparing to launch a national digital currency as part of a gradual shift toward a digital financial system aimed at reducing the use of paper money and enhancing transparency and financial inclusion.

The initiative relies on modern payment technologies and seeks to reduce transaction costs and combat money laundering.

Despite the ambition, experts question the project's success due to challenges related to weak trust in the banking system and the lack of adequate digital infrastructure. The Central Bank, meanwhile, reiterates its rejection of cryptocurrencies, deeming them illegal, and warns against the activity of fictitious trading companies in the local market. The Governor of the Central Bank of Iraq, Ali Al-Alaq, revealed that the country's financial and banking system is undergoing fundamental transformations, most notably the gradual decline in the use of paper currency in favor of digital payments.

During his speech at the Ninth Finance and Banking Conference and Exhibition, Al-Alaq confirmed that the Central Bank is working to create its own digital currency, which will be gradually introduced as an alternative to paper currency, following the experiences of several global central banks.

The Central Bank of Iraq announced on December 16 that it would not grant any licenses to stock, metals, and cryptocurrency trading companies, warning against the activity of fictitious companies claiming to have official licenses.

Despite the growing global spread of cryptocurrencies, Iraq doesn't appear close to entering this high-risk digital world. According to experts, these digital assets do not represent a real addition to the Iraqi economy, which is primarily based on oil exports and dollar transactions in global markets.

Financial affairs expert Mustafa Hantoush told Al-Mada that "Iraq does not have a legislative or economic environment capable of accommodating these currencies. Rather, they could become a tool for speculation and money laundering in the absence of oversight and regulation."

He pointed out that "dealing in them is limited and informal, via external platforms and offices in neighboring countries, exposing investors to the risk of loss and fraud."

Furthermore, according to Hantoush, cryptocurrencies are not based on real reserves or bank guarantees, making them highly volatile and unreliable in fragile markets such as Iraq's. According to economic researcher Ziyad al-Hashemi, the initiative to launch the "digital dinar" is an attempt to eliminate the chronic problems plaguing the monetary system, but its success remains in doubt.

In an interview with Al-Mada, Al-Hashemi explained, "There is a fundamental difference between digital currency and cryptocurrencies. Digital currencies, such as the digital dollar or the digital dirham, are issued and regulated by central banks and are managed within an official regulatory framework. Meanwhile, cryptocurrencies, such as Bitcoin, operate within a decentralized system that is not subject to any regulatory authority and are highly volatile in value due to their dependence on supply and demand."

Bitcoin was the first cryptocurrency, emerging in 2009 as a response to the global financial crisis. It was designed to operate outside the regulatory framework of central banks, making it an attractive tool for some, particularly in digital circles and criminal networks, due to the privacy and speed of money transfers it provides, free from government restrictions. Transactions in Bitcoin are a legal violation, subjecting perpetrators to the provisions of Anti-Money Laundering and Terrorism Financing Law No. 39 of 2015.

The bank issued an official statement during the recent dollar crisis, emphasizing that trading in cryptocurrencies is prohibited and not recognized in the country. Regarding the anticipated digital dinar, he points out that "the Central Bank of Iraq will be responsible for issuing and circulating it, allowing it to control and monitor financial transactions and contributing to the reduction of financial crimes and money laundering. Unlike cryptocurrencies, this currency will be fully backed by the Central Bank, giving it a degree of stability and making it similar to paper currency in terms of sovereign value, with the difference that its circulation will be electronically only through bank accounts and digital wallets."

Al-Hashemi believes that "the main goal of this step is to reduce reliance on paper dinars hoarded outside the banking system and advance financial inclusion, as well as to attempt to limit the widespread use of the dollar in local transactions by enhancing confidence in using the digital dinar as an official alternative in daily transactions."

He adds that "the success of this project depends on providing an appropriate environment and strict implementation. If this is achieved, the digital dinar could effectively contribute to withdrawing stagnant cash, revitalizing banking activity, and stimulating credit, which could positively impact overall economic performance."

However, Al-Hashemi does not hide his pessimism, emphasizing that The Central Bank of Iraq currently lacks the basic components needed to ensure the success of this initiative, due to the significant flaws in its monetary policies, the lack of public confidence in the banking system, and the recurring political interference in its decisions. He believes that all of these obstacles could make the digital dinar a fragile project, suffering from the same problems as the paper dinar.

He concludes by saying, "Ambition alone is not enough. Without genuine reform of monetary policies, strengthening public confidence in banks, and distancing politics from the economy, the chances of success of the digital dinar remain extremely limited."

 Furthermore, Mazhar Mohammed Saleh, economic advisor to the Prime Minister, believes that "central banks around the world, including the Central Bank of Iraq, are still in the gradual preparation phase for the transition to the world of digital payments as a modern alternative to paper currencies." This shift, he explains, does not change the essence of money and its basic functions.

Rather, it seeks only to improve the efficiency of dealing with it and reduce associated costs, in addition to strengthening financial oversight tools and reducing financial crime and money laundering.

Saleh confirms to Al-Mada that "this digital transformation in the monetary system does not mean that money will lose its function as a store of value, a means of payment and receipt, or a tool for unit of account and measurement of rights. Rather, these functions will be fully preserved, but within a more transparent, governed, and compliant environment, enhancing the monetary authority's ability to manage monetary stability using the same monetary policy tools."

Saleh explains that "digital money can expand the scope of banking services to include the poorest and most vulnerable segments of society by facilitating the opening of digital bank accounts. Digital money will be available to all citizens, from the smallest monetary unit to the largest, allowing for instant settlement of transactions without delay or wasted rights or time."

He points out that "providing digital liquidity widely within the banking system, with minimal liquidity risk, will enable low-income groups to obtain immediate and affordable digital loans at a lower cost, given that the funds will remain within the banking system and will not require large reserves or financial hedges.

This will optimally leverage the digital credit multiplier, enhancing financing and stimulating economic activity without compromising economic stability or causing monetary inflation, as long as monetary policy tools remain effective."

The economic advisor emphasizes that "implementing this project requires precise and extensive investments in information technology, such as smartphones and social networks, along with the necessity of an advanced digital infrastructure, most notably a reliable internet network, as it is the backbone of the success of digital payments.

 He also emphasizes the importance of a solid legal structure that protects the rights of users and customers and ensures the security of networks from breaches, within a comprehensive cybersecurity framework that aligns with the rapid development of digital services worldwide." linkI

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Tishwash:  Ramadan revives the Iraqi dinar and official expectations of a continued decline in the dollar

The exchange rate of the US dollar in the parallel market in Iraq declined significantly during the first and second weeks of Ramadan, recording 1,480 dinars per dollar, or less than that, from 1,520 dinars before the beginning of the month.

The decline is due to several factors, most notably the strict measures taken by the Central Bank of Iraq to control imports and electronic money transfers, in addition to the decline in economic activities of the Iraqi citizen during the month of Ramadan.

"strict measures"

Government advisor Alaa Al-Fahd says the decline in the dollar price in the parallel market is due to the Central Bank’s implementation of strict measures aimed at controlling imports and electronic money transfers.

He added that this measure reflects the success of the Central Bank's monetary policy, as Iraqi banks have begun to implement correspondence operations with international banks with which they have commercial relations.

He added that diversifying the currency basket contributed significantly to easing pressure on the dollar, and that most imports of consumer and food goods are financed through the official platform of the Central Bank and at the official price, stressing that any trading outside this framework is considered unofficial dealing.

Al-Fahd praised the Central Bank’s announcement of implementing digital transactions and encouraging tourism, stressing that these steps contributed to easing pressure on the parallel market for exchange rates.

Al-Fahd expected the market to remain stable, especially with most of the needs of Ramadan and the Eid season being covered through the official platform and at the official price, noting that expectations indicate a continued decline in the dollar price in the coming period.

The exchange rate of the dollar against the dinar increased significantly in the last week before Ramadan, recording 1,520 dinars per dollar for sale and 1,510 dinars for purchase in the main stock exchanges, but in the first week of Ramadan, the exchange rate recorded a significant decrease, reaching 1,465 dinars per dollar for sale and 1,475 dinars per dollar for purchase in the main stock exchanges in Baghdad, Erbil and Basra.

In the second week of Ramadan, the exchange rate rose slightly, recording 1,485 dinars per dollar for sale and 1,480 dinars per dollar for purchase, with a variation up or down not exceeding two and a half dollars.

The exchange rate of the Iraqi dinar against the dollar is affected by several main factors, including:

-Daily sales volume in currency auction

-Central Bank procedures related to external transfers

-The need of traders to import goods, especially from countries subject to US sanctions, which increases the demand for the dollar in the parallel market.

-Smuggling the Iraqi dinar to other countries to benefit from price differences.

"Ramadan is a game changer"

For his part, economic expert Ahmed Al-Ansari believes that the decline in demand for the dollar during the month of Ramadan is mainly due to the decline in economic activities of the Iraqi citizen, which is evident in the decline in the movement of real estate, cars and basic services.

Al-Ansari explained that the weak purchasing power of citizens also contributed to reducing the volume of imports, which led to a reduction in demand for the dollar in the parallel market.

He added that the Central Bank's measures aimed at reducing imports through the black market and encouraging traders and importers to import through approved banks and convert the dollar at the official price were an additional reason for this temporary decline.

Al-Ansari expected a strong recovery in the markets after Ramadan and by Eid al-Fitr, which could lead to a slight increase in the dollar price or a return to its previous level, stressing that the dollar price is greatly affected by the strength of supply and demand in the market, as it rises whenever demand for it increases in the parallel market.

He pointed out that the continuation of the facilities provided by the Central Bank, such as providing travelers' dollars, will encourage citizens to deal at the official price and avoid exchange offices and banks that sell dollars at higher prices.

On February 7, 2023, the Council of Ministers approved the decision of the Board of Directors of the Central Bank of Iraq to amend the exchange rate of the dollar against the dinar, equivalent to 1,300 dinars per dollar, obligating banks to sell at a rate of 1,310 dinars per dollar and at a rate of 1,320 dinars per dollar for currency transfer operations when using electronic cards while traveling or online, with a ceiling of 3,000 dollars at the official rate granted to each traveler who presents a visa and a travel ticket with his official passport.  link

Mot:  oooooh! - oooooh! - oooooh! - ((( U've bend Warneded ))

Mot: Don't ferget - Y"all!!!! 

News, Rumors and Opinions Wednesday AM 3-12-2025

KTFA:

Henig:  Vietnam to sign U.S. deals as trade, energy officials meet, document shows

By Reuters   March 10, 20252:55 AM PDT

HANOI, March 10 (Reuters) - Vietnam expects to sign pacts with the United States this week after its trade minister meets U.S. trade and energy officials, according to a government document reviewed by Reuters.

The step comes after weeks of conciliatory messages Vietnam has sent Washington in an effort to avert tariffs by the Trump administration the Southeast Asian nation may face because of its large trade surplus with the United States.

 The March 5 document from the trade ministry features the schedule of Trade Minister Nguyen Hong Dien's trip to the United States this week.

It also listed energy companies and government departments, from customs to tax, asked to send accompanying representatives.

Last week the government said on its portal Dien, who is also in charge of energy and industry policy, would travel to the United States on Thursday to meet U.S. Trade Representative Jamieson Greer.

But it gave no details of possible deals or topics to be discussed.

Officials have publicly indicated Vietnam's intention to buy U.S. liquefied natural gas for its fledgling industry and to possibly revise duties on several imports, from ethanol and LNG to agriculture products.

Trading firm PetroVietnam Gas (GAS.HM), opens new tab, power generator PetroVietnam Power (POW.HM), opens new tab and power distributor EVN are among the state-controlled gas and energy companies asked to send delegates on Dien's U.S. trip, the ministry document shows.

The event is part of regular meetings between U.S. and Vietnamese trade officials under the Trade and Investment Framework Agreement signed in 2007.

Dien is set to first meet Greer on Thursday, before working with officials of the U.S. energy department and witnessing the signing of "a number of agreements" the following day, the document showed.

Then he will meet officials of the commerce department and industry groups with "interests in Vietnam", it added, but did not say if the meetings were listed according to times in the United States or Vietnam, which could affect the days.

Reporting by Emily Chow, Francesco Guarascio and Khanh Vu; Editing by Clarence Fernandez Link

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Clare:  World Bank confirms its continued support for Iraq to achieve its development goals

3/11/2025

Finance Minister Taif Sami stressed the importance of the ongoing partnership with the World Bank, and Iraq's aspiration to benefit from the technical and financial support provided by the bank in implementing strategic projects to stimulate economic growth and provide job opportunities, especially in areas including infrastructure and human development. This came during her reception of the World Bank Representative to Iraq, Jean-Christophe Carret, and his accompanying delegation.

The meeting discussed ways to enhance economic and financial cooperation between Iraq and the World Bank. It reviewed a number of key topics related to enhancing financial stability in Iraq, in addition to discussing development projects that the two parties seek to implement with the aim of achieving sustainable development.

For his part, the World Bank representative expressed the bank's commitment to continue supporting Iraq in achieving its development goals, noting that the World Bank pays great attention to enhancing Iraq's ability to face economic and development challenges, with a focus on sustainable development and achieving comprehensiveness in the benefits achieved.  LINK

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

Militia Man All the money that's going to come in is going to help the budget which is going to help support the value of the currency in the long run.  Everything that's going to go through that country is going to be around in a Real Effective Exchange Rate.  It isn't going to be 1310 or they'd have done it a long time ago.  There would have been no reason to just say, 'we're going to go like we are and this is the way we're going to go onto the Forex.' But have they done that yet?   Sure not.

Mnt Goat  Article:  "INFLATION’S FREEFALL: IRAQ HITS 2.8%, ECONOMIC HOPES SOAR”.  If you look at the Dr Shabibi plan to get to the reinstatement you can clearly see...he planned to put the brakes on after each step, then monitor closely for inflation... Folks the process is working…

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Over 40% LMBA Silver Leaves London | Andy Schectman

Liberty and Finance:  3-10-2025

Join us for a live Q&A with Miles Franklin CEO & President, Andy Schectman, as he analyzes the latest figures from the London Bullion Market Association.

The LBMA’s new report reveals a massive 128.5 million ounces of silver were pulled from London vaults over the past three months, ending February 2025.

This equates to nearly 42% of silver not held by ETFs being removed from storage.

 Andy will share his perspective on how this significant withdrawal could impact the market's future, pricing, and overall silver dynamics.

 Don't miss the chance to hear expert insights and ask your own questions about this pivotal silver market development.

https://www.youtube.com/watch?v=wsVnMv7rl38

Is the US Headed Toward Recession?

Is the US Headed Toward Recession? [Podcast]

Notes From the Field By James Hickman (Simon Black)  March 11, 2025

By the late 1920s, the US economy was booming and had advantages that most of the world did not yet enjoy.  Manufacturing in America was extremely competitive due to mass electrification powering factories. Farmers had traded out horses and mules for trucks and tractors.

US productivity was surging.

Global trade was still recovering from World War I, but there was enough sense at the League of Nations (the precursor to the United Nations) to campaign against trade barriers.

The final report from the World Economic Conference in 1927 concluded that “the time has come to put an end to tariffs. . .”

But America decided to move in the opposite direction.

Two politicians, Willis Hawley and Reed Smoot put forth a plan to impose steep tariffs that reached as high as 59.1% on some products.

The infamous Smoot-Hawley Tariff Act passed in 1930, and almost immediately, countries around the world imposed their own retaliatory tariffs against the US.

Global trade plummeted as a result, which became a major factor in prolonging an almost never-ending and extremely painful economic depression.

I don’t think another Great Depression is in the cards right now, but frankly all these threats of tariffs are starting to have an impact.

Stock market investors are realizing that a recession is clearly on the table, and that business and consumer sentiment across the board have taken a nose dive.

That could all rebound just as quickly as it has fallen, but the larger point is that tariffs will absolutely make the country, and the world for that matter, much worse off.

The key reason is that tariffs force the economy to operate below its maximum potential.

Think about it on an individual basis. Imagine if Tom Cruise were sacking groceries instead of making movies. I think most people would probably acknowledge that creating multi-billion dollar box office hits is a hard thing to do, and sacking groceries would be below his potential.

The same goes for a trained and experienced neurosurgeon— picking turnips is not the best use of his or her time.

The US economy is certainly capable of producing just about anything. But there’s no point in deliberately producing below your potential— i.e. taking scarce talent and resources away from more valuable more productive sectors, and instead focusing that energy to make socks and underwear.

If an economy consistently underachieves its potential, everyone is worse off as a result— regardless of whether that results in a near-term recession.

The US has the potential in small-scale nuclear reactors, and emerging technology in AI, automation, robotics, and high-performance computing to create a level of abundance and prosperity that is almost unimaginable. That advantage is specific to the United States and that reality could be just a few years away because most of that technology exists or is close.

And that’s what the US needs to get out of its $36 trillion debt problem— a productivity and innovation driven economic boom.

Tariffs throw cold water on the whole thing.

This is what we discuss in today’s podcast.

We also touch on:

• Recent stock market swings

• The valuation of stocks now, and historically

• Who is investing in the stock market today

• What could drive investors into bonds

• And more.

You can listen here.

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

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

https://www.schiffsovereign.com/podcast/is-the-us-headed-toward-recession-podcast-152224/

Seeds of Wisdom RV and Economic Updates Tuesday Evening 3-11-25

Good Evening Dinar Recaps,

MOMENTUM BUILDS IN WASHINGTON TO PASS STABLECOIN LEGISLATION, MARKING A 'MOMENT FOR US HERE IN CONGRESS NOW TO ACT'

▪“There is a moment for us here in Congress now to act,” said Rep. Bill Huizenga, R-Mich., during a House committee hearing on Tuesday.

▪A stablecoin bill is set to be marked up in the Senate Banking Committee on Thursday.

Movement on legislation to regulate stablecoins is underway this week as lawmakers in the House debated necessary provisions in the bill on Tuesday. The Senate committee will also assemble in the coming days to take a vote on proposed stablecoin rules.

This is the moment for Congress to act, said Rep. Bill Huizenga, R-Mich., on Tuesday during a House Financial Services Committee hearing focused on stablecoins and central bank digital currencies. Huizenga cited the Trump administration's actions over the past few weeks, including a White House crypto summit last week.

"There is a moment for us here in Congress now to act, and as legislators, it's ultimately up to us to provide the regulatory clarity needed to ensure that the U.S. dollar remains the dominant reserve currency, and I believe stablecoins can do that," Huizenga said.

Lawmakers have legislation teed up in both the Senate and House to tackle stablecoin regulation. A handful of bipartisan legislators have been working to pass a stablecoin bill for years.

However, like all previous congressional acts to advance crypto regulation, these various attempts had stalled out. Fifty days into Donald Trump's presidency, however, Congress is seemingly making crypto a priority — including by investigating claims of industry-wide debanking and repealing the controversial "DeFi Broker rule."

In February, House Financial Services Committee Republican Chair French Hill, R-Ark., alongside Rep. Bryan Steil, R-Wis., released draft legislation to regulate stablecoins. That draft, called the STABLE Act, builds on work done over the years in the committee beginning in 2022.

A sticking point for a previous draft was a provision that would have allowed state regulators to approve stablecoin issuances without Federal Reserve input.

The new bill differs slightly from the previous stablecoin bill. For example, it gives the Office of the Comptroller of the Currency the authority to "approve and supervise federally qualified nonbank payment stablecoin issuers " instead of including a federal path through the Federal Reserve for "payment stablecoin issuers."

Work is also underway in the Senate. Sen. Bill Hagerty, R-Tenn., introduced a bill to regulate stablecoins called the "Guiding and Establishing National Innovation for US Stablecoins," dubbed the GENIUS Act. Though it is not a companion to the House's version, lawmakers say it shows an effort among Republicans to work on key issues.

That bill is set to be marked up in the Senate Banking Committee on Thursday.

Ron Hammond, senior director of government relations at the Blockchain Association, called all the action "Stablecoin Spring" and said Congress is set on getting a stablecoin bill across the finish line.

"The House hearing today showed most of the Democrats and all the Republicans largely supporting the measures in the STABLE Act," Hammond said in a statement to The Block.

"That same bipartisan spirit will likely be reflected in Thursday’s Senate Banking markup of the GENIUS Act. This will be set the stage for a comprehensive vote on the combined product, the STABLE GENIUS Act, sometime in the next two-to-three months.”

House hearing unfolds

In the House, lawmakers also heard from experts, including Paxos CEO Charles Cascarilla, Global Head of Digital Assets at The Bank of New York Mellon Corporation, among others, on Tuesday.

Rep. Ritchie Torres, D-N.Y., who has shown support toward crypto, compared digital assets to cars.

"The proper legislative response to the automobile is not to ban it, it's not to sabotage it, it's to regulate it," Torres said. "It's to make it safer. And as far as I'm concerned, the proper role of Congress is not to sabotage digital asset transactions, but to make them safer, to strike a careful balance between financial stability and innovation."

Some Democrats revealed hesitancy toward Republican-led stablecoin bills.

Top Democrat Rep. Waters of California criticized Trump over the launch of his memecoin and his executive order creating a strategic bitcoin reserve.

"Despite my belief that the Trump administration only wants crypto legislation that personally benefits them and protects their crypto financiers — I still hope we can work together on a bill that requires stablecoins be robustly and fairly regulated," Waters said.

The current Republican-led bill at play "strips away critical protections to shield investors from criminals," she added.

Rep. Stephen Lynch, D-Mass., criticized the GENIUS Act during Tuesday's hearing and said it needed to be amended "vigorously."

"I read the GENIUS Act over in the Senate — I'm a little weary about anything called genius coming out of the United States Senate — but there were so many problems with that and I'm hopeful, hopefully my colleagues, Mr. Hill, and others will amend that vigorously because it had huge, huge problems," Lynch said.

@ Newshounds News™
Source:  The Block

~~~~~~~~~

BRICS TRADE AGREEMENT LOOKS TO END THE PETRODOLLAR’S DOMINANCE

There is no denying that 2025 has seen tension between the West and the Global South reach a fever pitch. That is only expected to continue throughout this year, as a plethora of BRICS trade agreements look to end the petrodollar’s dominance.

The economic alliance has spearheaded efforts to increase trade settlements in local currencies. Moreover, that should continue to extend into the oil industry, which may only increase the growing geopolitical uncertainty between the United States and the bloc.

BRICS Eye an End to the Petrodollar: How Will Donald Trump Respond?

Since his 2024 presidential election win, Donald Trump has placed a clear target on the BRICS alliance. Their previous efforts to de-dollarize global markets led the President to threaten 150% tariffs on membership nations. Yet, that has not deterred its continued pursuit of US dollar alternatives in a host of sectors.

Moreover, that hasn’t limited the attractiveness of the BRICS bloc for developing nations. 

Three new nations have been invited to the bloc’s annual summit, all of which are eyeing a position in the collective. Moreover, their presence could only further efforts for BRICS to use new trade agreements to end the petrodollar’s dominance.

Due to the presence of sanctions, Russia pivoted into oil trade settlement currencies in 2022. Specifically, 78% of oil exports to fellow BRICS members China and India were in local currencies over the two years that followed. Comparatively, just 32% were settled in local currencies in 2021.

The alliance’s hopes of de-dollarizing the oil market can be clearly seen in the allies it has embraced. Since the arrival of BRICS+, it has welcomed Saudi Arabia, the United Arab Emirates (UAE), Egypt, and Iran. Those nations are some of the top oil producers in the world. Moreover, many stand to also see the petrodollar cease to hold as much dominance as it does.

If it were successful, it would be a monumental blow to the United States. The BRICS bloc holds more than 40% of the world’s oil and gas reserves Although 58% of currency reserves are still held in the greenback, it presents a key point of conflict that is building on already concerning relations between BRICS and the US.

@ Newshounds News™
Source:  Watcher Guru

~~~~~~~~~

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Thank you Dinar Recaps

FRANK26….3-11-25…..SOFTWARE

KTFA

Tuesday Night Conference Call

FRANK26….3-11-25…..SOFTWARE

This video is in Frank’s and his team’s opinion only

Frank’s team is Walkingstick, Eddie in Iraq and guests

Playback Number: 605-313-5163   PIN: 156996#

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

https://www.youtube.com/watch?v=MHMdQ48V13I

Tuesday Evening News With MarkZ 3-11-2025

Tuesday Evening News With MarkZ

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: Mark, Red means you are all Fired Up and Ready To Go

Member: looks like this snowball is picking up speed…..

Member:  Any updates on bond holders exchange apts

MZ: Probably the best news so far……  Fortunately it came from more than one source…

MZ: We have private, individual bond holders that are now receiving their travel funds to go and get their exchanges done….This is HUGE.

MZ: We have seen them send dollars to paymasters or larger facilitators…..but today is the first time I have tracked a couple of sources  or individuals who have been given their dollars to go handle their bond exchanges.

MZ: This is an absolute first and downright awesome.

MZ: in Iraq:  “ The mechanism on publishing data on the sale and purchase of foreign currencies” More proof on how they have changed the currency auctions. All their banking is going through global, international ;y accepted processes.

MZ: “Ministerial council discusses budget schedules and the local and global oil market”  They are planning on how to deal with all the new realities in the world…and to make sure the pipeline pumps to support their currency and their country. .

MZ: “Iraq and UNAMI discuss mechanisms for implementing security council resolution 2732”  What does this mean? The end of the UN involvement in Iraq……We were always told when we left in this copacity….We would be paid…..Well we are getting ready to leave in this capacity….so we should be paid.

MZ: in order to pay us they need a value change.  

Member: Thanks for the great news Mark….everyone have a wonderful night

Mod:  HELLO EVERYONE! WE HAVE A SPECIAL GUEST JOINING TONIGHT. JONATHAN OTTO! HE'LL BE TALKING ABOUT LIFE-CHANGING HEALTH PROTOCOLS. SHOULD BE INTERESTING!

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

Kick:  https://kick.com/theoriginalmarkz

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

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

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

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

THANK YOU ALL FOR JOINING. HAVE A BLESSED NIGHT! SEE YOU ALL IN THE MORNING FOR COFFEE @ 10:00 AM EST ~ UNLESS BREAKING NEWS HAPPENS!

FROM NOW ON NO MORE NIGHTLY PODCASTS ON MONDAYS AND FRIDAYS

Youtube:   https://www.youtube.com/watch?v=GK5Q9Yb3WB0

Iraq Economic News and Points to Ponder Tuesday Afternoon 3-11-25

Al-Alaq: Iraq has one of the highest gold reserves among Arab countries, amounting to 162 tons.

Economy | 01:53 - 11/03/2025  Mawazine News – Baghdad  The Governor of the Central Bank, Ali Al-Alaq, confirmed today, Tuesday, that Iraq has one of the highest gold reserves among Arab countries, amounting to 162 tons.

Al-Alaq said in a statement: "The Central Bank is closely monitoring the movement of gold and currencies," noting that "part of diversification to ward off any risks is to have a percentage of gold reserves, especially in recent years, there have been continuous purchases."

He added that "Iraq today has 162 tons of gold, which is one of the highest reserves among Arab countries, and we are the fourth country in the size of the gold reserves we have." https://www.mawazin.net/Details.aspx?jimare=260122

Oil Prices Rise Slightly Despite Concerns Over Global Economic Slowdown

Tuesday 11 March 2025 | Economic Number of readings: 54   Baghdad / NINA / Oil prices rose slightly during trading on Tuesday, after reducing their previous losses, supported by the weakness of the US dollar, but gains remained limited amid continued fears of a possible economic recession in the United States, and the repercussions of customs duties on the pace of global growth.

Brent crude futures rose by 47 cents, or 0.68 percent, to record $69.75 a barrel, after witnessing a decline in early trading. "

West Texas Intermediate US crude futures rose by 42 cents, or 0.64 percent, to reach $66.45 a barrel, after declines recorded earlier in the session."

This slight rise came in conjunction with the dollar index falling to its lowest levels in four months, which contributed to supporting oil prices and making them less expensive for buyers holding other currencies. "
The two benchmark crudes recorded a 1.5 percent decline at the settlement yesterday, affected by market fears of a global economic slowdown." / End 2 https://ninanews.com/Website/News/Details?key=1191259

Dollar Continues To Decline As Iraq Stock Market Closes

11/03/2025  Mawazine News – Economy  The US dollar exchange rates witnessed a decline today, Tuesday, in the markets of the capital Baghdad, and in Erbil, the capital of the Kurdistan Region, with the closure of the main stock exchange in the country.

The dollar prices decreased with the closing of the Al-Kifah and Al-Harithiya stock exchanges in Baghdad, where the exchange rate recorded 147,800 dinars per 100 dollars, while it recorded 148,200 dinars this morning.

As for the selling prices in the local exchange markets in Baghdad, it reached 148,750 dinars per 100 dollars, while the purchase price reached 146,750 dinars per 100 dollars.

In Erbil, the markets also witnessed a decline, where the selling price reached 147,700 dinars per 100 dollars, while the purchase price reached 147,600 dinars per 100 dollars. https://www.mawazin.net/Details.aspx?jimare=260137

Minister Of Finance Stresses Importance Of Ongoing Partnership With World Bank
Economy | 11/03/2025  Mawazine News – Baghdad  Finance Minister Taif Sami stressed, on Tuesday, the importance of the ongoing partnership with the World Bank.

The Ministry of Finance said in a statement received by "Mawazine News" that "Minister of Finance Taif Sami received the World Bank Representative to Iraq, Jean-Christophe Carret, and his accompanying delegation."

She added that "ways to enhance economic and financial cooperation between Iraq and the World Bank were discussed," noting that "a number of key topics related to enhancing financial stability in Iraq were reviewed, in addition to discussing the development projects that the two parties seek to implement with the aim of achieving sustainable development.

" The Minister of Finance stressed "the importance of the ongoing partnership with the World Bank, and Iraq's aspiration to benefit from the technical and financial support provided by the bank in implementing strategic projects to stimulate economic growth and provide job opportunities, especially in areas that include infrastructure and human development."

For his part, the World Bank representative expressed the bank's commitment "to continue supporting Iraq in achieving its development goals," noting that "the World Bank pays great attention to enhancing Iraq's ability to face economic and development challenges, with a focus on sustainable development and achieving comprehensiveness in the benefits achieved."
https://www.mawazin.net/Details.aspx?jimare=260129

Rashid To An American Newspaper: Iraq Is Ready To Mediate Between Washington And Tehran

Political | 05:27 - 11/03/2025  Mawazine News – Baghdad  President Abdul Latif Rashid confirmed today, Tuesday, that Baghdad wants to play a mediation role between Washington and Tehran, while calling on US President Donald Trump to implement his promises regarding ending conflicts in the Middle East.

Rashid said in an interview with the American newspaper "Washington Times", that "Iraq has changed a lot from what it was in the days of Saddam Hussein, and the time of entering into conflicts and challenging the rights of other countries is over,"

adding that "some major companies, in the field of energy and others, are active here in petrochemicals and oil, and I do not think that we are facing a conflict with the United States, but on the contrary, we welcome all the help we can get from the United States, and we want to have a really good and friendly relationship with the United States."

He pointed out that "Iraq can play an important role in mediation because it is in constant contact with Iranian policy," indicating that "Iraq has no reservations about meeting senior Iranian officials, and has played a role in making Iran and the Kingdom of Saudi Arabia understand each other, and re-establishing the diplomatic service, which benefited everyone, and has also made some suggestions to Jordan and other countries."

Regarding Iraq's possible role in Syria, the president continued, saying, "It is clear that Syria is an independent state and has a new administration or new rulers, and we want the Syrian government to reflect the will of the Syrian people, either through elections or through the democratic steps that must be taken," stressing that "the Syrian administration must try to accommodate all segments of society, so that no one feels that he has been excluded or not treated as an ordinary citizen.

" He stressed that "there is one very important point for Iraq, which is the presence of large numbers of terrorists or families of terrorists on the Syrian border, and there is concern about that, and some arrangements must be made, so that the border does not get out of control."

In response to a question about whether the Iraqi president will receive an invitation to visit the United States, Rashid said, "I honestly do not know. I sent President Trump a congratulatory message and encouraged him to implement what he promised to maintain peace in the world, to end conflicts," noting that "life will not be easy, especially in our region, where we have conflicts in Syria, in Palestine, and we have problems in Lebanon, in Yemen, in Sudan, and in Somalia."
https://www.mawazin.net/Details.aspx?jimare=260136

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