Iraq Economic News and Points to Ponder Sunday Afternoon 4-13-25

Al-Sudani: The Return Of The Arab Bank Is Important And Reflects The State Of Political And Economic Stability

Banks   Economy News – Baghdad  Prime Minister Mohammed Shia al-Sudani stressed on Sunday that the return of the Arab Bank is important and reflects the state of political and economic stability.

The Prime Minister's media office said in a statement seen by Al-Eqtisad News, "Prime Minister Mohammed Shia al-Sudani received, today, Sunday, a delegation from the Arab Bank, headed by Sabih al-Masri, Chairman of the Bank's Board of Directors, accompanied by a number of members of the Bank's Board of Directors, on the occasion of the upcoming opening of the Bank's branch (Arab Bank/Iraq) in the capital, Baghdad."

He added, "During the meeting, they discussed enhancing cooperation between Iraq and the bank in the financial and banking fields, and the bank's participation in financing various investment projects."

The Prime Minister emphasized that "Arab Bank has had a direct presence in Iraq for nearly eighty years," explaining that "its return now is significant and reflects the political and economic stability the country is currently experiencing."

The Prime Minister pointed out "the importance of the bank's activities not being limited to providing financial services, but rather contributing to the country's development and economic stability," stressing "the government's readiness to provide all forms of support and assistance to enhance Arab and foreign banking activity, serving the Iraqi economy and its development."

For its part, the bank's delegation expressed its "willingness to finance a number of investment projects and expand its banking activities, in a manner that will contribute to creating job opportunities and stimulating the economic sector."  https://economy-news.net/content.php?id=54398

The Minister Of Commerce Discusses Ways Of Joint Economic Cooperation With The President Of The American Company (AGMS).

Sunday, April 13, 2025 | Economic Number of reads: 215   Baghdad / NINA / Minister of Trade Atheer Dawood Al-Ghariri discussed with the President of the American company (AGMS) ways of joint economic cooperation.

The Ministry of Trade said in a statement that "Minister of Trade, Atheer Dawood Al-Ghariri, met today, Sunday, with the President of the American company (AGMS), Dr. Eisen, and his accompanying delegation, and discussed with him the prospects of joint economic cooperation and ways for American companies to enter the Iraqi market.

During the meeting, the Minister stressed the importance of building real strategic partnerships with American companies, in a way that achieves common economic interests that benefit the national economy.

The two sides discussed the possibility of establishing an American hospital in Iraq, with the aim of transferring expertise and successful experiences in the field of health services, and strengthening the infrastructure of the health sector, which contributes to providing advanced medical services to citizens.

Minister Al-Ghariri expressed the ministry's readiness to provide all necessary facilities for the success of this initiative, stressing his full commitment to facilitating all procedures for American companies wishing to invest in Iraq, especially in vital sectors that have a direct impact on the lives of citizens.

For his part, the President of the company (AGMS) expressed his appreciation for the role of the Ministry of Trade in creating an attractive environment for investment, stressing that Iraq is a promising market for American companies, which Looking forward to expanding areas of cooperation, especially with regard to providing job opportunities for youth, and contributing to the development of vital services and infrastructure./End  https://ninanews.com/Website/News/Details?key=1197440

The World Bank Announces Its Readiness To Provide Project Financing Facilities In Iraq.

Money and Business   Economy News – Baghdad  Prime Minister Mohammed Shia al-Sudani stressed on Sunday the importance of private sector projects receiving support from the World Bank.

The Prime Minister's media office said in a statement received by Al-Eqtisad News that "Prime Minister Mohammed Shia Al-Sudani received the World Bank's Vice President for the Middle East and North Africa Region, Ousmane Dione, and his accompanying delegation."

The World Bank delegation, according to the statement, reviewed "the projects under discussion with the ministries and relevant authorities in Iraq, in the railway, highway, and energy sectors, including the fixed gas platform in the port of Faw, and the Ministry of Electricity's plan for the coming years to expand electricity production, transmission and distribution, and other infrastructure projects.

" The Prime Minister appreciated "the World Bank's efforts in supporting Iraq," stressing the importance of "private sector projects receiving support from the bank through the International Finance Corporation (IFC)."

For his part, the head of the delegation expressed "the World Bank's readiness to stand with Iraq in its development renaissance in all fields, as well as its readiness to provide facilities in financing projects, including private sector projects."    https://economy-news.net/content.php?id=54395

Ports Launch A Digital System For Controlling And Auditing Invoices.

The Border Ports Authority has adopted an integrated digital system that includes pre-inspection programs, import license verification, sonar linking, and electronic goods analysis. This is part of a government plan to improve customs work efficiency and accelerate information exchange with relevant authorities.

The head of the ports, Major General Omar Al-Waili, said in a statement yesterday that “the border ports are now adopting electronic programs to verify the entry of goods and prevent smuggling, such as the pre-inspection program, the import license program, the exempted goods program, and the audit of invoices and certificates of origin.”

He added, “Pre-inspection also includes cross-referencing inspection results with inspection companies and the Standardization and Quality Control Authority, in addition to networking sonar and analysis of goods arriving into the country, and electronic communication with most departments operating at the border ports for integration, coordination, and electronic information exchange to quickly seize violating materials.”

 The authority also seized 15 vehicles of substandard models intended for smuggling at the Umm Qasr Middle Port.

A statement received by Al-Zaman yesterday stated that “based on the directives of the Commander-in-Chief of the Armed Forces, Mohammed Shia Al-Sudani, the ports continue to implement operations to seize vehicles without the model permitted to be imported and intended to be smuggled by the weak-minded, as the Directorate of the Umm Qasr Middle Port, in cooperation with the Customs Center and Customs Police, was able to seize three 40-foot containers containing 15 Toyota Crown vehicles without the model permitted to be imported, prepared for smuggling.

” It indicated that “a formal seizure report was prepared and the vehicles were referred to the Umm Qasr Customs Police Station to take appropriate legal action against all those involved in the matter so that they receive their just punishment in accordance with the law.”

Smuggling Attempt

In a related development, the General Authority of Customs thwarted an attempt to smuggle two vehicles without the model allowed to be imported through Umm Qasr Port.

A statement received by Al-Zaman yesterday explained that “the Umm Qasr Middle Customs Center in Umm Qasr Port was able to thwart an attempt to smuggle two Jeep vehicles without the model allowed to be imported.

” The statement confirmed that “the seizure operation was carried out through joint cooperation with the Border Ports Authority and supporting government agencies in the port, with support from the Customs Police.”

 The Authority had previously announced the activities of the customs centers and investigation and anti-smuggling departments.

The statement pointed out that "the Investigation and Anti-Smuggling Department of the Central Region Customs Directorate seized 11 trucks loaded with carpet, cardboard, silicone, plastic granules, cigarettes, motorcycles, spare parts, hair shampoo, and chicken breast," adding that "the Investigation and Anti-Smuggling Department of the Northern Region Customs Directorate succeeded in seizing four trucks loaded with household supplies, accessories, iron, milk, motorcycles, and spare parts."

The statement continued, "The Arar Border Customs Center arrested the owner of a Tahoe tourist vehicle with Dubai license plates who was intending to leave for the Kingdom of Saudi Arabia without paying the late fees due on the vehicle."

 Meanwhile, the National Security Service foiled two drug smuggling operations using innovative methods after hiding the drugs in electrical devices and sandals.

A statement received by Al-Zaman yesterday said that "the Service's detachments succeeded in thwarting two separate attempts to smuggle drugs in the governorates of Baghdad and Basra, revealing various methods used by smugglers to conceal these toxins."

Professional Style

He added, "The detachments succeeded in arresting a drug dealer who used a professional method of hiding narcotics inside electrical appliances and equipment. The operation resulted in the seizure of 700 grams of crystal meth inside these devices.

" He confirmed that "the apparatus' detachments in Basra carried out a second special operation that resulted in the arrest of another suspect who used a different method, as he deliberately hid 400 grams of crystal meth inside a sandal."

Meanwhile, Interior Minister Abdul Amir Al-Shammari directed the formation of 226 main and sub-committees to inspect and evaluate the work of police stations in Baghdad and the governorates.

A statement received by Al-Zaman yesterday said that "Al-Shammari chaired a conference of the main and sub-committees of the Baghdad and governorate police commands, in the presence of the Undersecretary of the Ministry for Police Affairs, where he directed the formation of more than 226 main and sub-inspection committees to evaluate the work of police stations in 16 police commands in the governorates." Al-Shammari stressed that "the committees must submit their reports within seven days of commencing their work."   LINK


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

What Matters More Than the Stock Market

What Matters More Than the Stock Market

Notes From the Field By James Hickman (Simon Black)  April 12, 2025

Yesterday when I was talking to my friend and business partner Peter Schiff, he made it clear: China is trying to drive a wedge between the US and Europe by dumping US bonds, and buying euros. (Gold too, for that matter!)

This would account for why the dollar has been sinking against the euro… and why Treasury yields have surged.

I sat down to record a podcast about this because, frankly, it’s the most important thing happening right now. This topic is critical to understand—not just what’s happening, but why this is no longer a trade war… it's an economic war.

Think about it: the world’s two largest and most dominant superpowers are directly threatening each other’s economic interests. And that could spiral out of control quickly if cooler heads don’t soon prevail.

You can watch or listen to the podcast here.

If you missed it this week, we also wrote about:

Escalation gets real: No more sex with Chinese women

Even the US government is ordering embassy employees in China to discontinue romantic relationships. If she's into you, assume she's a spy. 

Read here → 

OK- it's almost definitely China who's dumping Treasury bonds

If you thought this was just a trade war, think again—China may have just fired the first real shot in an all-out economic war.

Read here → 

It's like the dumbest AOC logic applied to global trade

Imagine crashing the global economy because someone forgot how to divide—welcome to U.S. trade policy in 2025.

Read here →

 Recent Twitter Highlights:

YouTube Shorts  https://www.youtube.com/watch?v=EfwpDLnzjlg

The Hidden Risk Behind Tariffs: What Nobody's Talking About

James Hickman  Co-Founder, Schiff Sovereign LLC

News, Rumors and Opinions Sunday 4-13-2025

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 Sun. 13 April 2025

Compiled Sun. 13 April 2025 12:01 am EST by Judy Byington

Possible Timing of Global Currency Reset and Restored Republic: …Mr. Pool on Telegram

On Thurs. 27 March 2025 the Federal Reserve was (allegedly) seized by the Military when their cyber teams took full control of Fed servers, exposing quantum cloaking code used to cover massive currency creation during every “crisis.” No more printing of the fiat Dollar. This wasn’t stimulus. It was digital slavery..

On Fri. 11 April 2025 a silent Tier 1 Operation began to (allegedly) force a Global Currency Revaluation. It was based on the Federal Reserve’s plan to print $9.5 trillion in fiat dollars to buy out global gold, but when they do the dollar will hit zero & gold will (allegedly) shoot to infinity. A financial initiation of $500 trillion in frozen or hidden assets & tariffs will already be (allegedly) moving through the global financial system and will be introduced back into circulation under cover of humanitarian projects. The entire operation will not be known as a reset, but be labeled as “liquidity flow alignment,” “sovereign debt stabilization,” or “post-pandemic optimization.” …JF Kennedy Jr. & Julian Assange on Telegram

Easter Sun. 20 April 2025 Bruce: Upper level paymasters with Wells Fargo and a head over several Redemption Centers said Tier4b (us, the Internet Group) could get notified to set exchange/redemption appointments soon, with start of exchanges well underway before Easter Sunday 20 April. DOGE payments will (allegedly) be made directly to your bank account, which should happen before Easter Sunday 20 April.

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Global Currency Reset:

Sat. 12 April 2025 The U.S. just(allegedly)  triggered the Global Currency Reset (GCR) and the Revaluation (RV), shattering the corrupt system that’s enslaved the world for decades. …JF Kennedy Jr. & Julian Assange on Telegram

Fri. 11 April 2025 a classified Tier 1 operation quietly began. A financial initiation of $500 trillion is now moving through the global system through perfectly timed veils of tariffs.

Trump’s trade war was about taking down the rigged currency game. The U.S. Trade Representative is now (allegedly) enforcing currency revaluations as part of new deals. No more manipulation. No more fake valuations. No more China cheating the dollar.

The Federal Reserve plans to print $9.5 trillion to buy out global gold. But the moment they move, the dollar hits ZERO. Gold will shoot to infinity.

Inside the Tier 1 Blueprint for a Silent $500 Trillion Reset as Global Financial Realignment Is Already in Motion

Over $500 trillion in frozen or hidden assets is now being introduced back into circulation under humanitarian cover. This structure prevents manipulation, bypasses corruption, and protects the mission: 80% of the funds directed toward humanitarian infrastructure, 1% for logistical discretion, and 19% anchored in U.S. Treasury bonds to stabilize the sovereign narrative and avoid inflationary shocks.

Tariffs provide the smokescreen. Governments declare economic wins as hidden financial pathways quietly funnel resources through redemption frameworks unknown to the public.

This operation will never be called a reset. It will be labeled as “liquidity flow alignment,” “sovereign debt stabilization,” or “post-pandemic optimization.” But make no mistake: this is a reverse-engineered correction of economic plunder. The theft of wealth, time, and global potential is being quietly reversed—without ever admitting the theft occurred.

Sat. 12 April 2025: DOSSIER: THE SIGNAL THEY WON’T NAME – Inside the Tier 1 Blueprint for a Silent $500 Trillion Reset as Global Financial Realignment Is Already in Motion – amg-news.com – American Media Group

Fri. 11 April 2025: https://amg-news.com/boom-the-great-reset-they-fear-gesara-nesara-rising-under-trumps-command-to-liberate-humanity-while-the-d********e-clings-to-chaos-a-new-econo

Sat. 12 April 2025: CLASSIFIED MILITARY INTEL: STARLINK, QFS, GESARA — GLOBAL DEFENSE & FINANCE UNDER STRATEGIC RESET – amg-news.com – American Media Group

Sat. 12 April 2025 GLOBAL TRADE RESET IGNITES – THE GCR/RV IS LIVE. …John F. Kennedy Jr. on Telegram

The storm has arrived, and the reset we’ve been warning about is no longer a theory — it’s underway. The U.S. just triggered the Global Currency Reset (GCR) and the Revaluation (RV), shattering the corrupt system that’s enslaved the world for decades.

Trump’s trade war was never about tariffs. It was about taking down the rigged currency game. The U.S. Trade Representative is now enforcing currency revaluations as part of new deals. No more manipulation. No more fakee valuations. No more China cheating the dollar.

And here’s the signal that set the elites on fire — gold just broke $3,200. The dollar? Bleeding. Nations? Scrambling. Global commerce is being rebuilt from the ground up, and WE are the architects.

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This is the economic 9-11 of the Deepstate.

Behind the scenes, China is pushing the digital yuan, rolling it out in key cities like Shenzhen and Beijing’s shadow metropolis. Why? Because they know what’s coming. They see the collapse. They’re racing for survival. But they’re too late.

And then comes the nuclear option: The Federal Reserve plans to print $9.5 TRILLION to buy out global gold. They want it all. But the moment they move, the dollar hits ZERO. Gold will shoot to infinity. This is economic warfare, and it ends with the death of fiat.

This isn’t a drill. This is the reset. We told you it was coming. Now it’s here. The world will never be the same.

Read full post here:  https://dinarchronicles.com/2025/04/13/restored-republic-via-a-gcr-update-as-of-april-13-2025/

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

Mnt Goat   To summarize the status of the RV... If we follow the news and progress in Iraq there is going to come to a point in time when they begin talking more and more about three topics in their news: The Project to Delete the Zeros, the digital dinar and the WTO accession. I am told that when these three issues come up in the news in a short span apart and discussed in detail, we can expect something BIG to occur and my CBI contact informed me she was already told to prepare going back to the committee for the currency change-out to the newer lower denominations, so we know this period of time is closer than we think with the convergence of these three topics in the news.

Frank26   [Iraq boots-on-the-ground report]  FRANK:  Hey Sammy I have a question for you...The fact they are coming out with a digital currency to me tells me there is a new exchange rate because 1310 does not even make sense when you try to calculate it digitally.  FIREFLY:  Sammy says for you to consider that if they go digitally it will be related to a fixed rate...so it doesn't have to be raised.  But who would do this on a program rate?   No one would.  No one has.  Going digital will definitely be good for our security and stability.

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100% CERTAINTY! Gold's MINIMUM Value Is $12,962 When THIS Happens! - Rick Rule

Financial wisdom:  4-12-2025

In his latest interview, Rick Rule explains why gold is poised for significant growth as a hedge against the declining purchasing power of the US dollar, noting that gold's current market share of only 0.5% of US investment assets could grow to at least 2% (the four-decade mean) or higher.

Rule predicts a five-year boom in gold and silver, suggesting that the price of gold could reach $10,000 as government debt continues to increase by $4 trillion annually with little chance of meaningful spending cuts.

https://www.youtube.com/watch?v=JG92Nb2UZjE

As US Financial System Falls Apart, Russia Begins BRICS Payments Network to Bypass SWIFT

As US Financial System Falls Apart, Russia Begins BRICS Payments Network to Bypass SWIFT

Sean Foo:  4-13-2025

The simmering trade tensions between the United States and China have reached a boiling point, with former President Donald Trump escalating the conflict to a potentially dangerous new level.

 In a move widely seen as retaliation for China’s own retaliatory measures, Trump has proposed a staggering 50% tariff hike on Chinese imports, effectively pushing the total tariff burden to over 100% on some goods. This aggressive move has sent shockwaves through the global economy, raising serious concerns about the imminent eruption of a full-blown global trade war.

For years, Trump has accused China of unfair trade practices, including intellectual property theft, currency manipulation, and dumping of goods at artificially low prices. He initially imposed tariffs on billions of dollars worth of Chinese imports during his presidency, prompting reciprocal tariffs from Beijing on American goods.

 This tit-for-tat exchange has already disrupted global supply chains, increased costs for consumers, and dampened economic growth.

Now, with the proposed 50% tariff increase, Trump is significantly upping the ante. The impact of such a drastic measure would be far-reaching and could cripple trade relations between the two economic powerhouses.

While the situation appears dire, there is still a possibility of de-escalation. Diplomatic negotiations and a willingness to compromise are crucial to finding a way out of this escalating conflict. Both the US and China need to address their underlying concerns about trade practices and intellectual property rights.

However, Trump’s hardline stance suggests that a swift resolution is unlikely. His supporters argue that a tough approach is necessary to level the playing field and protect American interests. Critics, on the other hand, warn that a trade war would ultimately hurt American businesses and consumers.

The coming months will be critical in determining whether the world is headed for a full-blown global trade war. Trump’s proposed tariff hike represents a significant escalation, and the response from China and the rest of the world will be decisive.

If cooler heads do not prevail, the consequences for the global economy could be severe. The stakes are high, and the world is watching with bated breath.

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

https://youtu.be/2o2tpd9o7f4

Iraq Economic News and Points to Ponder Late Saturday Evening 4-12-25

For The Second Week In A Row, Iraqi Oil Records A Significant Loss

Energy   Economy News – Baghdad  Basra Heavy and Medium crude oil recorded a significant weekly loss for the second consecutive week.

Basra Heavy crude closed its final session on Friday, up $1.44 to $61.69, but recorded a weekly loss of $5.28, or 7.88%.   Basra Medium crude also closed its last session up $1.44 to $70.02, recording a weekly loss of $5.18, or 7.4%.
 

Oil markets are experiencing their second consecutive weekly loss, due to concerns about the ongoing trade war between the United States and China.

Brent crude also fell more than 1% during the week, while West Texas Intermediate crude fell by a similar percentage, after both benchmarks witnessed a decline of 11% last week. https://economy-news.net/content.php?id=54352

Prime Minister: The Government Has Succeeded In Confronting Various Internal And External Crises.

Local  Economy News – Baghdad  Prime Minister Mohammed Shia al-Sudani affirmed on Saturday that the government has successfully confronted various crises, both internal and external, and has shouldered its responsibilities despite the changes and events taking place in the region.

The Prime Minister's Media Office said in a statement, seen by Al-Eqtisad News, that "Prime Minister Mohammed Shia al-Sudani met in Erbil Governorate with the Prime Minister of the Kurdistan Regional Government, Masrour Barzani.

" The statement added that "a number of national files and issues were discussed (during the meeting), the most prominent regional and international developments, and the government's position on the crises facing the region. The importance of partnership and coordination in facing challenges and adopting a balanced policy based on cooperation and mutual interests with sisterly and friendly countries were also emphasized."

Al-Sudani pointed out, according to the statement, that "the government has succeeded in confronting various crises, both internal and external, and has shouldered its responsibilities despite the changes and events taking place in the region," reiterating "the pursuit of developing the national economy and establishing stability across the country."

The statement continued, "The meeting also touched on the importance of working to find solutions to all common issues and removing all obstacles in accordance with the constitution and the law, in a manner that achieves justice and benefit for all Iraqis." https://economy-news.net/content.php?id=54372

Customs Announces The Activities Of The Centers And Investigation And Anti-Smuggling Departments.

Money and Business  Economy News – Baghdad  The General Authority of Customs announced on Saturday the activities of customs centers and investigation and anti-smuggling departments.

The authority said in a statement, seen by Al-Eqtisad News, that "in implementation of the directives of the Director General of the General Authority of Customs, Thamer Qasim Daoud, and in continuation of the tireless efforts of the investigation and anti-smuggling departments and customs centers to control all goods entering the country, limit smuggling and tampering operations, and support the state treasury revenues and advance the Iraqi economy, and within the applicable instructions and controls, the customs departments and centers were able to seize a group of violating goods."

She explained that “the Investigation and Anti-Smuggling Department in the Central Region Customs Directorate seized, in several separate operations, (11) trucks loaded with (carpet, cardboard, silicone, plastic granules, cigarettes, motorcycles and spare parts, hair shampoo, chicken breast), while the Investigation and Anti-Smuggling Department in the Northern Region Customs Directorate was able to seize (4) trucks loaded with (household materials, accessories, iron, milk, motorcycles and spare parts),” noting that “the Umm Qasr Middle Customs Center seized (3) 40-foot containers loaded with (15) Toyota Crown type wheels without the model permitted to be imported.”

She added that "the Arar Border Customs Center seized the owner of a Tahoe tourist vehicle bearing Dubai license plates, who was attempting to leave for Saudi Arabia without paying the late fees due on the vehicle."

 She noted that "these efforts come through cooperation with supporting government agencies within the framework of the relentless pursuit to enhance economic security and protect society from the risks associated with illegal shipments, in addition to supporting the national economy and adhering to the applicable customs regulations and laws."   https://economy-news.net/content.php?id=54374

The Dollar Price Rose In Local Markets.

Saturday, April 12, 2025 | Economic Number of reads: 162  Baghdad / NINA / The dollar exchange rates witnessed a rise in the markets of Baghdad and Erbil, this Saturday morning.

The dollar exchange rates in the Al-Kifah and Al-Harithiya stock exchanges in Baghdad recorded 148,000 dinars for every 100 dollars.

The selling price in exchange shops in the local markets in Baghdad recorded 149,000 dinars, while the purchase price reached 147,500 dinars, for every 100 dollars.

In Erbil, the selling price of the dollar was recorded at 149,100 dinars, and the purchase price was 147,800 dinars, for every 100 dollars. / https://ninanews.com/Website/News/Details?key=1197210

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

Seeds of Wisdom RV and Economic Updates Sunday Morning 4-13-25

Good Morning Dinar Recaps,

NEW YORK LAWMAKER INTRODUCES BILL THAT WOULD ALLOW STATE AGENCIES TO ACCEPT CRYPTO PAYMENTS

A new bill working its way through New York’s legislature would allow residents to pay state agencies with crypto.

New York State Assemblyman Clyde Vanel (D-Queens) introduced Assembly Bill A7788 on Thursday, and the potential legislation was referred to the Standing Committee on Governmental Operations.

If passed, the bill would enable all state agencies to enter into agreements with individuals to receive crypto payments for fines, civil penalties, rent, rates, taxes, fees, charges, revenue and/or financial obligations.

Other states have also taken similar steps. In 2022, Colorado became the first state to accept crypto for tax payments, and last September, Louisiana enabled its residents to pay for state services with digital assets. Similar bills have also bubbled up in California and Florida.

Vanel introduced similar bills in 2017, 2019, 2021 and 2023. The lawmaker, who has a long history of supporting crypto-related legislation, also recently introduced Assembly Bill 7716, which would direct the New York State Board of Elections to study and evaluate the use of blockchain technology to protect voter records and election results.

If passed, the bill would require the State Board of Elections to submit a report about blockchain technology to the governor and the legislature within a year of the legislation taking effect.

@ Newshounds News™
Source:  DailyHodl

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WHAT HAPPENS IF BRICS DITCHES THE US DOLLAR?

The US dollar is the most important currency in the markets that controls and dominates the world’s financial sector. Almost all cross-border transactions, trade settlements, and foreign exchange conversions are conducted using the USD. Local currencies are far behind with little to no chance of becoming the global reserve currency.

This gives the White House the power to weaponize the currency and control the world’s trade and finances. BRICS has decided to put an end to the US dollar domination by giving local currencies a chance to compete against the greenback.

Here’s What Will Happen If BRICS Ends US Dollar Reliance

The BRICS alliance is scheming to replace the US dollar with either a new currency or their local currencies. The bloc is divided in the prospects but is united to achieve the goal by hook or crook. They also confirmed that despite slow progress, the alliance’s long-term goal is to bring the US dollar down.

America imports the USD to other countries and using it for transactions leads to surplus. However, ending reliance on the greenback will lead to a deficit allowing the economy to face a crisis.

Top 3 US sectors that could decline if BRICS ditches the dollar for trade:

1.  Banking and Finance
2.  Technology and Fintech
3.  International Trade and Investment

These three sectors will be the hardest hit and lose control if BRICS officially ditches the US dollar for trade. All three sectors are closely linked to the American economy and the financial markets as we know it will fall apart.

Turbulence in the banking and investment sector will spill over to other markets eventually bringing the US economy down. It could lead to hyperinflation in the homeland making the costs of daily essentials skyrocket. Consumer spending could decline and eat into revenues of American corporations eventually leading to job losses.

@ Newshounds News™
Source:  Watcher Guru

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“Tidbits From TNT” Sunday Morning 4-13-2025

TNT:

Tishwash:  World Bank to Sudan: Ready to finance projects in Iraq

Prime Minister Mohammed Shia al-Sudani discussed projects under discussion with ministries in the railway, highway, and energy sectors on Sunday with a World Bank delegation. The delegation head expressed the bank's willingness to stand with Iraq and finance projects, including those in the private sector.

 Prime Minister Mohammed Shia al-Sudani received today, Sunday, the World Bank's Vice President for the Middle East and North Africa, Mr. Ousmane Dione, and his accompanying delegation.

The World Bank delegation reviewed projects under discussion with relevant ministries and authorities in Iraq in the railway, highway, and energy sectors, including the fixed gas platform at Faw Port, the Ministry of Electricity's plan for the coming years to expand electricity production, transmission, and distribution, and other infrastructure projects.

The Prime Minister praised the World Bank's efforts in supporting Iraq, stressing the importance of private sector projects receiving support from the Bank through the International Finance Corporation (IFC).

For his part, the head of the delegation expressed the World Bank's readiness to support Iraq in its development renaissance in all areas, as well as its willingness to provide project financing facilities, including private sector projects.  link

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Tishwash:  With the participation of 1,200 local and foreign companies, the Babylon Business and Investment Forum kicks off.

The Business and Investment Forum kicked off in Babil Governorate today, Saturday, with the participation of 1,200 local, Arab, and foreign companies, showcasing 450 investment opportunities in various sectors.

An Iraqi News Agency (INA) correspondent said, "The Business and Investment Forum kicked off in Babil Governorate, with the participation of 1,200 local, Arab, and foreign companies, showcasing 450 investment opportunities in the electricity, industry, tourism and antiquities, agriculture, and transportation sectors."

He added, "The forum was held in the presence of the Chairman of the Military Industrialization Authority, the Governor of Babil, the Chairman of the Provincial Council, three governors from the Islamic Republic of Iran, in addition to representatives of American, German, and international companies, and a number of members of the Iraqi Council of Representatives."  link

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Tishwash: Iraq and Venezuela discuss joint coordination to support stability in global oil markets.

Deputy Prime Minister and Minister of Foreign Affairs Fuad Hussein discussed on Saturday with his Venezuelan counterpart, Ivan Gil Pinto, joint coordination to support the stability of global oil markets, in a manner that serves the interests of both producing and consuming countries. 

A statement by the Ministry of Foreign Affairs, seen by Al-Eqtisad News, stated that "Deputy Prime Minister and Minister of Foreign Affairs, Fuad Hussein, met with the Minister of Foreign Affairs of the Bolivarian Republic of Venezuela, Ivan Gil Pinto, on the sidelines of their participation in the Antalya Diplomatic Forum (ADF2025) held in the Turkish province of Antalya."

The statement added that "the meeting discussed ways to enhance bilateral relations between Iraq and Venezuela, especially in the fields of energy, trade and investment, within the framework of the historical relations that bring the two countries together within the OPEC organization. The two sides also discussed the importance of joint coordination to support the stability of global oil markets, in a way that serves the interests of both producing and consuming countries."

According to the statement, Fuad Hussein expressed "Iraq's aspiration to expand cooperation with Venezuela, especially in the field of oil companies and promising economic sectors," stressing "the importance of strengthening the partnership between the private sectors in both countries."

The statement continued, "Ivan Gil Pinto, for his part, affirmed his country's commitment to strengthening bilateral dialogue, extending an official invitation to Fuad Hussein to visit Venezuela," and expressing his "welcome to visit the capital, Caracas, as soon as possible to continue discussions on prospects for joint cooperation."

The statement continued, "The meeting addressed regional and international issues of common interest, including efforts to achieve stability in the Middle East and Latin America, with both sides stressing the importance of adopting political solutions to crises and respecting the sovereignty of states."  link

Mot: the Hunt!! -- gets More Exciting Year after Year!!!

Sum Getting Ready Already they Is!!!

Militiaman & Crew: IQD Update-Iraq-USA-In agreement-Al-Sudani /Erbil talks Oil & Salaries-All Exchange Rate Oriented

Militiaman & Crew: IQD Update-Iraq-USA-In agreement-Al-Sudani /Erbil talks Oil & Salaries-All Exchange Rate Oriented

4-13-2024

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

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

https://www.youtube.com/watch?v=6DRTZTupEzs

More ”Humor While We Wait” Posted by Mot at TNT

TNT:

Mot:  "Just lie down here on the bed," she said

A man decided to bring his wife with him to a large convention in Chicago. After they checked into their hotel and were shown to their room, he told her, "You relax here while I register. I'll be back in about an hour."

His wife lay down on the bed, but just then, an elevated train passed by so close to the window that the room shook violently, tossing her right off the bed. Thinking it was just a fluke, she climbed back into bed, only for the train to pass again, shaking the room so hard that she was thrown to the floor.

Annoyed, she called the front desk and asked for the manager. The manager, a bit skeptical, came up to the room. The wife insisted that the shaking was real and happening every time the train went by.

"Just lie down here on the bed," she said. "You'll be thrown right to the floor!"

So, the manager skeptically lay down on the bed. Just then, the husband walked in and looked at the scene with a raised eyebrow. "What," he asked, "are you doing here?"

The manager, caught off guard, calmly replied, "Would you believe I'm waiting for a train?"

 ************

Mot:  A young woman went to confession, looking a bit flustered.

A young woman went to confession, looking a bit flustered.

“Forgive me, Father, for I have sinned,” she said.

The priest gently replied, “Go ahead, my child. Confess your sins and be forgiven.”

She took a breath and said,

“Last night… my boyfriend and I… well, we made passionate love. Seven times.”

The priest paused, clearly deep in thought. After a moment he said,

“Alright. I want you to go home, squeeze seven lemons into a glass, and drink the juice.”

The young woman blinked. “Will that cleanse me of my sins?”

He smiled and said,

“No… but it might wipe that grin off your face.

 **********

Mot:  Mom Wins This One!

A little girl asked her mother, “Mom, how did the human race come about?”

Her mother replied, “God made Adam and Eve, they had children, and so all mankind was created.”

A few days later, the little girl asked her father the same question.

Her dad said, “Many years ago, humans evolved from monkeys.”

Confused, the girl went back to her mom and said, “Mom, you said we were created by God, but Dad says we came from monkeys. How is that possible?”

Her mom smiled and said, “Oh, that’s easy, dear. I told you about my side of the family, and your father told you about his.”

**

Mot: .. Good Idea -- ""Earl""

Mot: OOOOOPs    

Mot: Understanding bigfoot

Iraq Economic News and Points to Ponder Saturday Afternoon 4-12-25

Rafidain Bank: Launching Online Banking Service After Activating Anti-Money Laundering And Counter-Terrorism Financing Regulations.

Economy | 11:36 - 11/04/2025  Mawazine News – Baghdad  Rafidain Bank announced today, Friday, the launch of the online banking service OBDX after activating the Anti-Money Laundering and Combating the Financing of Terrorism (AML) systems.

The bank stated in a statement received by (Mawazine News) that "the online banking service OBDX (Online Banking Digital Experience) was launched after activating the Anti-Money Laundering (AML) and Government Online Anti-Money Laundering (GOAML) systems. The service has been successfully activated in a number of government agencies."

He explained that "this decision comes within the framework of the bank's strategy to provide a safe banking environment that adheres to the latest international standards for combating money laundering and terrorist financing, as well as facilitating electronic financial transactions for government agencies."

He explained that "OBDX is an innovative digital banking experience. The OBDX service represents a qualitative leap in the way banking transactions are conducted, as it allows government agencies to access their accounts and conduct all their banking operations easily and securely online.

This service helps speed up processes and reduce reliance on paper procedures, which contributes to improving efficiency and enhancing transparency."

He pointed out that "the role of the AML and GOAML systems in ensuring compliance. In parallel with the launch of the OBDX service, Rafidain Bank activated the Anti-Money Laundering (AML) and GOAML systems to ensure full compliance with international standards for combating money laundering and terrorist financing.

The AML system automatically monitors financial transactions and analyzes suspicious patterns, while the GOAML system records and analyzes banking data to ensure it is not used for illegal activities."

He pointed out that the advantages of the OBDX service, supported by compliance systems, include:
1. Superior security: Integrated systems ensure full compliance with international standards, enhancing the security of financial transactions.

2. Global compliance: The bank ensures the highest levels of transparency and compliance with international anti-money laundering laws.

3. Ease of access: Enables government agencies to conduct financial transactions easily and securely online without the need to visit branches.  https://www.mawazin.net/Details.aspx?jimare=260737

Government Advisor: Solutions To Prevent The Risks Of Commodity Dumping On The National Economy

Economy | 11:41 - 11/04/2025  Mawazine News – Baghdad  The Prime Minister's financial advisor, Mazhar Mohammed Salih, announced on Friday solutions to prevent the risks of commodity dumping on the national economy.

The advisor to the Prime Minister, Mazhar Mohammed Salih, said: "There are important events that are changing the balance of power in the Iraqi economy, including the beginning of Iraqi economic policy to put an end to the phenomenon of commodity dumping resulting from commercial chaos, which came as a result of the dominance of the concept of commercial liberalism practiced by the commercial community by flooding the market with marginal goods devoid of value and meaning, without coordination and oversight over the past decades."

He explained that "this matter confiscated the national production function and stripped it of its professional capabilities, whether in the accumulation of its professional capabilities, which was reflected in the loss of thousands of job opportunities from the craft sector and the national professions sector, the disruption of the national workshop and factory, and the perpetuation of unemployment, because the craft sector absorbs 60% of the labor force, as is historically known,"

pointing to "the transformation of national capital in the productive industrial and agricultural field and its direction towards the activity of what is called financial capital, which is an activity that seeks quick profit through trading in consumer goods and others that have flooded the local market with products that are alternatives to the national product."

He added, "These products have even suppressed the idea of ​​producing a new, similar product due to their incredibly low prices and their source in various Asian markets, allowing the profits resulting from trade and dumping to be invested in symbolic markets, i.e., the capital markets in the first world or their branches.

These are the mechanisms that led to commodity dumping and the results of its profits by striking the national economy in three directions: the first: liquidating the productive craft and industrial environment, the second: sustaining unemployment and the accumulation of human capital, and the third: converting the profits of productive national capital into practices of what is called (financial capitalism) with high historical accumulation."

Saleh explained that "these practices are based on plundering the economic surplus of craftsmen, industrialists and real producers, in addition to transferring the physical capital accumulations to global capital markets for investment there, and emptying the country of the agents of development and productive economic capital accumulation in all important fields, especially industrial ones."

He explained that "commercial or commodity dumping represents the qualitative opposite of the policy of localizing national capital, which requires a clear Iraqi protection policy that protects the national product with a gradual and practical customs fence, to be part of the process of market reform and disentangling the random clash in the import policy with national production and the loss of productive job opportunities."   https://www.mawazin.net/Details.aspx?jimare=260739

Gold Hits Record High, Exceeding $3,100 For The First Time In History

Economy | 11:53 - 11/04/2025  Mawazine News – Baghdad  Gold made further gains in spot trading, rising 2.72% to $3,166 per ounce, coinciding with the escalation of the trade war between the world's two largest economies, the United States and China.

Gold prices rose about 3% after China imposed additional tariffs on the United States, in addition to the decline of the dollar after US President Donald Trump's tariffs on China took effect. Most traders turned to gold as a safe haven amid escalating global trade tensions and recession fears.

Gold exchange-traded funds (ETFs) recorded their largest positive quarterly inflows in three years during the first quarter of the year, reflecting increased demand for hedging by investors. https://www.mawazin.net/Details.aspx?jimare=260742

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

OK— It’s Almost Definitely China Who’s Dumping Treasury Bonds

OK— It’s Almost Definitely China Who’s Dumping Treasury Bonds

Notes From the Field By James Hickman (Simon Black) April 10, 2025

Yesterday I wrote to you that something very fishy was going on in the bond market. And not just fishy— potentially destructive for the federal government and US economy.

For the past several days, US government bond yields have been surging at a rate not seen since at least 2008. And in some cases not since the early 1980s.

And this is a very, very big deal.

 Higher bond yields not only mean that consumer interest rates (like mortgages) become more expensive. But they also dramatically increase the government’s borrowing costs.

 Bear in mind, the US government is already spending $1.1 trillion per year, just to pay interest on its $36 trillion national debt. That’s 22% of all US tax revenue, i.e. twenty-two cents out of every tax dollar collected go to pay interest on the national debt.

 (Plus another 47c out of every tax dollar go to Social Security and Medicare. And that’s before you get to other mandatory entitlements like Medicaid, food stamps, and more...)

 That annual interest payment is rising quickly; the government has roughly $10 trillion worth of debt this year to either finance, or refinance, which could easily result in hundreds of billions of dollars in additional interest expense each year.

 So higher interest rates are a very big deal for a debt junkie like Uncle Sam.

 That’s why it’s so alarming that bond yields are rising so quickly.

There’s realistically only a few ways this could happen.

 One way that yields might have risen so quickly, which I suggested yesterday, is that big Wall Street firms could have been shorting the Treasury market, causing bond yields to rise.

 Possible, yes. But not super likely.

 Many of those big Wall Street investors might have feared retaliation by the Trump administration. Or that, at a minimum, the President would single them out in social media, creating a lot of complications for their personal lives and businesses.

 But I think we can safely take this possibility off the table; given yesterday’s furious stock rally in which markets surged, any Wall Street firm shorting the bond market would have closed out its short positions and piled back into the stock market.

In other words, the trend of rising bond yields would have ended yesterday afternoon.

But that didn’t happen. Bond yields continued rising and are up again today.

 The US government’s 30-year bond has been especially hard-hit and is up another another few basis points today, notching an astonishing 50-basis point (0.5%) increase in just a few days.

 So with Wall Street busy trading the stock market, that only leaves a handful of possibilities.

It’s also unlikely that big banks (JP Morgan, Citi, etc.) would have dumped their US government bonds, because they have regulatory constraints in terms of what types of assets they are allowed to hold.

 Plus, any major selling of bank-owned Treasury bonds would have resulted in significant increases to bank reserves on the Fed’s balance sheet— and that doesn’t seem to have happened.

 So at this point the most likely culprit is some disgruntled foreign country, whose government or central bank wanted to lash out and punish the US government over the tariffs.

 Two or three days ago that could have been anyone. France. Germany. Japan. Etc.

 But after yesterday’s announcement which paused tariffs for almost the entire planet, there’s only one suspect: China.

After the tariff pause, there wouldn’t be any point for the European Central Bank or German government to sell its Treasury bonds. Why risk Donald Trump’s wrath when a deal is at hand?

China, on the other hand, is stuck with a 100%+ tariff. So they definitely still have an ax to grind.

 The concept of “face” (mianzi) runs very deeply in China; this is the idea that every individual, business, and even the government must uphold a reputation for strength. It would be culturally unthinkable for the Chinese government to accept tariffs without responding aggressively.

Dumping a portion of their vast US Treasury holdings is an easy way to send a message to Washington: “we can hurt you too.”

 If I’m right, it means this trade dispute has now graduated to full-blown economic warfare. And we could see some pretty rapid escalation.

For example, if China keeps dumping its Treasury bonds (and hence raising US interest rates), I wouldn’t be surprised to see the US administration sanction the CCP and Chinese central bank, essentially freezing the bonds that they own and preventing any further sales.

 China could escalate with export controls over vital rare earth minerals, which are essential in the electronics industry.

 Then there’s the possibility that each government could expropriate foreign-owned assets, i.e. US business operations in China, or Chinese investments in the US.

 Then would come the cyberattacks, and more.

 We can hope for cooler heads to prevail. But history is full of examples of how economic warfare can very quickly spiral out of control and escalate into much larger conflicts. And, at the moment, that seems to be the direction that this is heading.

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

https://www.schiffsovereign.com/trends/ok-its-almost-definitely-china-whos-dumping-treasury-bonds-152480/?inf_contact_key=6086b62d58e663d5fb93e186ed5d020f6bf72b7be6507ffa57af3236798ca349