U.S. Basel III Deadline Approaches as Central Banks Brace for Gold

U.S. Basel III Deadline Approaches as Central Banks Brace for Gold

Taylor Kenny:  5-4-2025

Basel III, gold, and the decline of the U.S. dollar—in this video, Taylor Kenney explains how global banking rules are quietly repositioning gold from a commodity to tier one money.

The world of finance and banking is undergoing a significant shift, with the new Basel III regulations repositioning gold from a commodity to tier one money.

This change, largely overlooked by main stream media, has profound implications for the global financial system, inflation, and the future of U.S. monetary dominance.

Taylor Kenney of ITM Trading explains that Basel III, an international framework for bank regulations, is driving this change.

The new rules require banks to hold more capital in the form of liquid assets, such as gold, to ensure financial stability in the face of potential crises.

This change has prompted central banks worldwide to stockpile physical gold, recognizing its enduring value and its role as a safe haven during economic turbulence.

The reclassification of gold as a tier one asset under Basel III signifies a return to its historical role as a reserve asset. Gold’s unique characteristics, including its scarcity, divisibility, and universal acceptance, make it an ideal store of value. Moreover, unlike fiat currencies, gold is not subject to counterparty risk, making it an attractive option for central banks seeking to bolster their reserves.

The shift towards gold as a reserve asset exposes the weaknesses in the current financial system. The U.S. dollar’s status as the world’s primary reserve currency has long been a cornerstone of U.S. economic power. However, the growing recognition of gold’s value and the increasing debt levels of the U.S. government have raised questions about the long-term viability of the dollar’s dominance.

Furthermore, the new regulations could have significant implications for global markets and inflation. As central banks accumulate more gold, demand for the precious metal is likely to increase, driving up its price. This, in turn, could lead to inflationary pressures, as the cost of goods and services linked to gold, such as jewelry and electronics, rises.

Additionally, the shift towards gold as a reserve asset could lead to a rebalancing of global economic power. Countries with significant gold reserves, such as Russia and China, could see their influence grow, potentially challenging the U.S.’s monetary dominance.

In conclusion, the Basel III regulations are driving a significant shift in the global financial system, repositioning gold as a tier one asset and challenging the U.S. dollar’s status as the world’s primary reserve currency.

 This change has profound implications for global markets, inflation, and the future of U.S. monetary dominance. As central banks stockpile physical gold, investors would be wise to take note of this trend and consider its potential impact on their portfolios.

https://www.youtube.com/watch?v=nEzdg7XMbx8

Iraq Economic News And Points To Ponder Monday Afternoon 5-5-25

Economist: Jordan Is The Biggest Beneficiary Of Washington's Decisions Against Iraqi Banks.
 
May 4, 15:08  Information/Baghdad..  Economic expert Munir al-Obaidi confirmed on Sunday that the
 
US decision to restrict the operations of a large number of Iraqi banks, on the pretext of dollar smuggling to China and Iran, did not achieve its objectives.
 
Instead, it led to counterproductive results, increasing the volume of remittances to those same countries.

Al-Obaidi said in a tweet followed by Al-Maalouma Agency,
 
"The US authorities had justified their decision by the fact that a
large portion of dollar sales in Iraq go to China,
 
which prompted them to suspend a number of Iraqi banks from foreign transactions,
while maintaining the activity of foreign banks, especially Jordanian ones."  Al-Obaidi pointed out that
 
"official figures reveal a clear contradiction in this argument,
as the volume of imports in the first quarter of 2025 reached approximately $4 billion,
compared to $3.2 billion in the first quarter of 2023, i.e.,
before restrictions were imposed on Iraqi banks."  He continued,
 
"What actually happened was the exclusion of Iraqi banks from external financial activity,
while the door was opened wide to foreign banks, particularly Jordanian ones,
which rushed to expand into the Iraqi market and benefit from the remittance flows."  Al-Obaidi concluded by saying:
 
"It seems that the issue is not related to trade or monetary policy,
 
but rather to international relations
for which the issue of dollar smuggling was used as a cover,
allowing foreign banks to control the Iraqi market,
without changing the beneficiaries or transfer trends."  End/25     
  
https://almaalomah.me/news/97779/economy/اقتصادي:-الأردن-المستفيد-الأكبر-من-قرارات-واشنطن-ضد-البنوك-ا  

Al-Nusairi: Comprehensive banking reform means modernizing and developing banks, ensuring their compliance with international standards, and transitioning to a rapidly growing economy.
 

Uses  Economy News – Baghdad   Economic and banking advisor Samir Al-Nusairi confirmed that the 
banking reform project launched by the Central Bank last month in cooperation with the
 
     government and the
     global consulting firm Oliver Wyman
 
was held at a ceremony attended by the Prime Minister.

Al-Nusairi said in a televised interview followed by "Al-Eqtisad News" that the banking reform project aims primarily, within the specified timeframes, to
 
     modernize and develop the private banking sector,
     comply with international standards, transition to a rapidly growing national economy,
     expand digital transformation,
     enhance financial inclusion,
     stimulate electronic payments,
     strengthen cybersecurity,
     use artificial intelligence to analyze and ensure the transparency of banking data,
     create a financial center, and
     authorize and license digital banks. He added that
 
it achieves 
     stimulating and sustainable returns for investors,
     creates a fair competitive environment in the banking market, and
     restores confidence in the banking sector.

 He explained that the private banking sector achieved good business results in 2024,
despite 50% of our banks being subject to sanctions and restrictions on the use of the US dollar.
 
The ratio of credit granted to deposits reached 67.9%, which means the
banks are moving towards the real work of financing and investing in deposits.
 
The banks’ capital rose to 20 trillion dinars,
     an increase of 8.7% due to the
     implementation of the Central Bank’s instructions to raise capital to 400 billion dinars and
     setting September 30, 2025 as the deadline for increasing the capital of the remaining banks.
 
Al-Nusairi pointed out that the objectives set for banking reform are in line with the main and sub-objectives of the Central Bank's third strategy for the years 2024-2026,
 
which comprises
     7 main objectives,
     24 sub-objectives, and
     75 initiatives to achieve these objectives.
 
The Central Bank's management is working to implement them
     in accordance with approved policies and programs and
     in cooperation with relevant authorities.
 
views 389     Added 05/04/2025 - 10:16 AM  https://economy-news.net/content.php?id=55098  

Economist: Jordan Is The Biggest Beneficiary Of Washington's Decisions Against Iraqi Banks.
 
 May 4, 15:08  Information/Baghdad..Economic expert Munir al-Obaidi confirmed on Sunday that the
 
US decision to restrict the operations of a large number of Iraqi banks,
on the pretext of dollar smuggling to China and Iran,
did not achieve its objectives.
 
Instead, it led to counterproductive results,
increasing the volume of remittances to those same countries.
 
Al-Obaidi said in a tweet followed by Al-Maalouma Agency,
 
"The US authorities had justified their decision by the fact that a
large portion of dollar sales in Iraq go to China,
 
which prompted them to suspend a number of Iraqi banks from foreign transactions,
while maintaining the activity of foreign banks, especially Jordanian ones."  Al-Obaidi pointed out that
 
"official figures reveal a clear contradiction in this argument,
as the volume of imports in the first quarter of 2025 reached approximately $4 billion,
compared to $3.2 billion in the first quarter of 2023, i.e.,
before restrictions were imposed on Iraqi banks."  He continued,
 
"What actually happened was the exclusion of Iraqi banks from external financial activity,
while the door was opened wide to foreign banks, particularly Jordanian ones,
which rushed to expand into the Iraqi market and benefit from the remittance flows."  Al-Obaidi concluded by saying:
 
"It seems that the issue is not related to trade or monetary policy,
 
but rather to international relations
for which the issue of dollar smuggling was used as a cover,
allowing foreign banks to control the Iraqi market,
without changing the beneficiaries or transfer trends."  End/25     
  
https://almaalomah.me/news/97779/economy/اقتصادي:-الأردن-المستفيد-الأكبر-من-قرارات-واشنطن-ضد-البنوك-ا 

Economist: Cash Liquidity Is Available, And The Currency Auction Is Further Strengthening It At Banks.
 
May 4 09:24  Information/Baghdad...Economic researcher Diaa Abdul Karim said on Sunday that
 
Iraqi dinar liquidity is available at banks and the Central Bank,
with the currency auction working to boost domestic demand.  Abdul Karim told Al-Maalouma,
 
"The currency auction sells approximately $300 million daily,
which increases the liquidity in Iraqi dinars.
 
Baghdad receives monthly oil revenues from the Federal Reserve in dollars,
 
but the Federal Reserve sometimes fails to deliver these revenues to Iraq,
which is a clear violation of financial agreements."  He added, "The process of
 
securing liquidity in its entirety
does not occur through rotating between the dollar and the dinar,
 
but rather through printing more denominations of banknotes
by deducting a percentage of the dollar from oil revenues
in exchange for printing Iraqi currency abroad."  He explained that "the
 
impact of oil prices on
     employee salaries and the
     lack of liquidity
will not be evident at the present time, but rather
 
its repercussions will begin to appear in about six months
if oil prices continue to decline in global markets." End 25N    
  
https://almaalomah.me/news/97730/economy/اقتصادي:-السيولة-النقدية-متوفرة-ومزاد-العملة-يزيد-تعزيزها-لد    

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

Seeds of Wisdom RV and Economic Updates Monday Afternoon 5-5-25

Good Afternoon Dinar Recaps,

HOUSE REPUBLICANS RELEASE DISCUSSION DRAFT OF A BILL TO REGULATE THE CRYPTO INDUSTRY AT LARGE

▪️ The discussion draft released on Monday includes language around the U.S. SEC and CFTC’s authority.

▪️ The draft also includes requirements around disclosures and outlines how “digital commodity exchanges” would be registered.

House Republicans have unveiled a discussion draft of a bill aimed at regulating the digital asset industry, building on years of legislative groundwork.

Leading the initiative are top Republicans on the House Financial Services Committee — Reps. French Hill and Bryan Steil — in collaboration with their counterparts on the House Agriculture Committee — Reps. Glenn "GT" Thompson and Dusty Johnson. The draft was officially released on Monday.

“We made historic progress in the 118th Congress to build bipartisan, bicameral consensus in crafting a functional regulatory framework for digital assets,” said Rep. Hill in a statement.

“Our discussion draft builds upon that work and provides much-needed regulatory clarity for the digital asset ecosystem by protecting consumers and safeguarding the long-term integrity of digital asset markets in the United States.”

Blueprint for the 21st Century

As previously reported by The Block, lawmakers planned to release the draft before a key hearing titled:

“American Innovation and the Future of Digital Assets: A Blueprint for the 21st Century.”

This new draft is expected to mirror last year’s Financial Innovation and Technology for the 21st Century Act (FIT21), which successfully passed the House.

What FIT21 Proposed

FIT21 was designed to clarify the regulatory lines between:

• The Securities and Exchange Commission (SEC)

• The Commodity Futures Trading Commission (CFTC)

It would grant more power and funding to the CFTC to oversee:

• Crypto spot markets

• Digital commodities — particularly Bitcoin

The bill would also establish parameters for how and when the SEC exercises jurisdiction over digital assets.

Key Components of the New Discussion Draft

The updated draft released Monday includes:

• Language detailing the authority of the SEC and CFTC

• A “pathway to raise funds under the SEC’s jurisdiction”

• A “clear process to register with the CFTC for digital commodity trading”

• Disclosure requirements for crypto projects

• Registration guidelines for “digital commodity exchanges”

 @ Newshounds News™
Source:  

~~~~~~~~~

ARIZONA SENATOR VOWS TO REINTRODUCE BITCOIN RESERVE BILL DESPITE GOVERNOR’S VETO

▪️ Governor Hobbs' veto did not deter Senator Rogers, who insists future leadership will embrace Bitcoin's potential.

▪️ Senator Wendy Rogers plans to reintroduce the Strategic Bitcoin Reserve (SBR) bill next session.

▪️ The vetoed bill aimed to allocate retirement funds into Bitcoin, drawing strong reactions from both sides.

Arizona State Senator Wendy Rogers has declared her intent to reintroduce her proposed Strategic Bitcoin Reserve (SBR) bill in the upcoming legislative session, despite a recent veto from Governor Katie Hobbs.

This marks a historic first — the first formal rejection of a crypto initiative by a sitting U.S. governor.

 “Politicians don’t understand that Bitcoin doesn’t need Arizona. Arizona needs Bitcoin. I will refile my bill next session.”
— Senator Wendy Rogers

About the SBR Bill (Senate Bill 1025)

The bill, officially called Senate Bill 1025, would have:

• Authorized the Arizona state treasurer to allocate part of the state’s retirement funds to Bitcoin

• Passed both chambers of the Arizona legislature without changes

• Been vetoed by Governor Hobbs, who cited concerns over volatility and long-term risk

Despite the rejection, Senator Rogers remains confident that future administrations may take a more favorable stance.

“If she vetoes it again, I am sure Governor Andy Biggs will be happy to take credit for signing the bill for this already proven (16 years!) innovation that will protect our wealth.”
— Senator Rogers

Current Exposure to Bitcoin

Interestingly, Arizona’s State Retirement System (ASRS) already has indirect exposure to Bitcoin through investments in Strategy, the largest corporate holder of the asset, according to Julian Fahrer, founder of Bitcoin Laws.

What’s Next for Arizona?

Though SB1025 is currently off the table, crypto legislation in Arizona is far from over. Another proposal — Senate Bill 1373 — is still under review.

🟩 Key Differences in SB1373:  Does not involve retirement funds

• Seeks to allow the state to retain and manage cryptocurrencies obtained through seizures or appropriated assets

However, given Governor Hobbs’ resistance to 

SB1025, it’s unclear whether she would support SB1373 — even though some believe its administrative nature may give it a better shot at approval.

@ Newshounds News™
Source:  CryptoSlate

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's News Telegram Room Link

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Thank you Dinar Recaps

News, Rumors and Opinions Monday 5-5-2025

Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.

RV Excerpts from the Restored Republic via a GCR: Update as of Mon. 5 May 2025

Compiled Mon. 5 May 2025 12:01 am EST by Judy Byington

Global Currency Reset:

Judy Note: It is my personal opinion that as of Mon. 5 May 2025 money was defiantly moving across the World, Bond Holders were liquid but under strict NDAs not to talk about it and as of Thurs. 1 May 2025 the Dong and Dinar were being exchanged in the Middle East.

Sometime between now and next Wed. 7 May the EBS could activate over our phones and we could get an email giving instructions on how to set up exchange appointments. The information would also be published on various Dinar websites and in this update.

Tier4b (us, the Internet Group) notifications should be out at any time, with appointments starting immediately.

Once notified we would have ten days to set our appointments and until the end of May 2025 to go to those appointments. If we exchange at a bank we could get a lower exchange rate than if we exchanged at an official Redemption Center – which was also the only place where we could redeem Zim Bonds.

All exchanges at official Redemption Centers were to be finished by Sat. 31 May 2025. After that, Zim could no longer be redeemed and we would have to do currency exchanges at a bank using the lower rates.

Read full post here:  https://dinarchronicles.com/2025/05/05/restored-republic-via-a-gcr-update-as-of-may-5-2025/

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

Iraq Reset in Motion, New System Quietly Standing by

589bull:  5-5-2025

Iraq just drained 5-year dormant tax reserves to cover salaries.

Why? Because the Federal Reserve delayed USD transfers and liquidity inside Iraq’s banks has collapsed.

Loans frozen. Salary advances halted. Quiet emergency orders leaked.

Reset in motion.

Old system breaking down.
New system quietly standing by.

Crypto Trader:  Iraq's banks running dry: Ministry resorts to tax funds for wages

Drewsome109:  Wouldn’t Iraq have a higher chance of RV if their economy was doing good/stable? Seems like they’re scrambling for liquidity while the budget hasn’t been passed and keeps getting delayed.

589bull:  Iraq’s liquidity crisis, USD bottlenecks, and delayed budget are part of a controlled collapse to force a shift to the new rate and digital framework.

Source(s):
https://x.com/589bull10000/status/1919076223092662673

https://dinarchronicles.com/2025/05/04/589bull-iraq-reset-in-motion-new-system-quietly-standing-by/

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

Frank26   Let's pretend that you wake up and you find out...there's a new exchange rate for the Iraqi dinar and you have the desire to go to a bank and exchange...Be careful with what relative you share this information with.  I told you they're out there looking for you.  I'm not just talking about our government.  Your best friend, that 3rd kissing cousin you haven't seen in 3 years...Do everything possible to protect you and your family.  Limit those that you tell in your family...

Militia Man   Article quote:  "Rafidain Bank... opening to international correspondence channels in preparation for a confident return to the global financial system."  Well they haven't done that at 1310.  Do you think for the life of yourself that they're going to do that at 1310?  If they were why didn't they do it 20 years ago or in the last 2 1/2 years? ...The bank spells it out what they're about to do and where they're headed...The banking reform process is ready to return to the rightful position in the international financial system...

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

Sudani and Alak meet with all bank branches

Nader:  5-5-2025

https://www.youtube.com/watch?v=TNED_4CkAUA

BREAKING: WTH? Is Iraq Hiding Its "Real" Annual Income

Edu Matrix:  5-5-2025

Is Iraq Hiding Its "Real" Annual Income Both the Development Road Project and Religious Tourism in Iraq will increase Iraq's annual revenues beyond expectations.

These project revenues along with manufacturing and oil revenue will help to increase the annual revenues. We know this. However, we did not know that Iraq's yearly tourism revenue is already over $12 billion a year. Iraq is hiding their annual revenues.

https://www.youtube.com/watch?v=YUgmxU6vB7c

Coffee with MarkZ. 05/05/2025

Coffee with MarkZ. 05/05/2025

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. New Month, New week……..let’s go!!!!!

​​Member: Another weekend without the RV… wow ever thought we would still be waiting

Member: Really hoping Mark has some good news for us today.

MZ: The news is still good….We are just not there yet. But there is a lot going on in Iraq right now.

Member: did Charlie have any idea on timing when you met with him last week?

MZ: He is like me and thinks it’s really stinkin close. He is tracking the progress as well.

Member: Any good news for bond holders?

MZ: Bond contacts are absolutely MIA right now . That is not not unusual for a Monday morning. Most get updates later in the day.

Member: Sure sounds like it could be strict NDA’s to me.

MZ: That exactly may be the case. If I do not hear from them – one way or another….that is my assumption.

Member: If the reset doesn’t happen soon, when Basel 3 is implemented July 1 2025 that may help with the reset. Cmkx!!

Member: (From Dinar Guru)  Mnt Goat Article:  “TALABANI’S PARTY: THE OIL AND GAS LAW IS OFF THE AGENDA FOR THE CURRENT SESSION, DESPITE THE GOVERNMENT’S PROMISES.”  As investors we have...been watching for the Oil and Gas law/referendum required by the new Iraqi constitution of 2005...One day we hear it is being passed on to parliament and the next day we hear it will not even be considered in the current session... A member of the Patriotic Union of Kurdistan (PUK), Burhan Sheikh Raouf, confirmed on Thursday that the oil and gas law will not be passed anytime soon, as the current parliamentary term is approaching its end, despite the urgent need to regulate this vital issue.

MZ: The question is – what is the real truth? We heard similar things in Kuwait  and China before they RV’ed their currency.

MZ: “The minister of finance is reporting a 5% growth in non oil GDP in 2024” this is a pretty big story. Presently oil prices are suppressed but it started the year at $78 a barrel . they are far more secure than the “Chicken Little’s” out there are claiming.

Member:  Iraqi government is suppressing the weight of my pockets as well

MZ: “ Expectations to postpone the passage of important laws to the next parliamentary session”  this is a flip flop. They also say they will pass budget tables in the next “coming days” guess we will see what the coming days will bring.

MZ: “Because of Washington Baghdad resorts to “tax deposits”  to secure employees salaries”  the Federal Reserves seems to not want to release all their dollars back to Iraq. Could this be the last dying breath of the Federal reserve?  Or is it something deeper?

MZ: “ Experts discover the biggest hydrogen reservoir on earth-6 trillion under these states” this is in the US between the Appalachian and the Rockies-  there is a huge list on the states with large hydrogen deposits. We are moving towards an asset backed world and are suddenly discovering new assets.

Member: More assets to back the new asset/gold backed USN notes!!!

Member: oil and crude prices are falling again today.

MZ: That may be a good sign …at some point they will not have enough oil revenue and will be forced to RV.

Member: My gut says, once Trumps Big Beautiful Tax Bill is approved and signed, then it’s our day

Member: Do we still get notifications with the 8oo number for the redemption centers?

Member: Until we hear differently- that is the plan

Member: Hubby wants me to ask, "Will all countries revalue their currency eventually?"

Member: Eventually Trump has always says he want parity between currencies. He wants all currencies to have a 1 to 1 value……so I say yes.

Member: Maybe RV is this week and Diddys trial could be cover!

Member: I believe that the Kentucky winner was a Big sign!!  Sovereignty!

Member: Sovereignty beat out Journalism(msm). Ironic

MZ: That is so very ironic.

Member: I appreciate all that have tried helping us over this finish line - whether it be Mark, Mike Bara, Wolverine all of em

Member: Mark. I don’t know how you do it. So much going on and you are still thinking of us and keeping the community informed. Thanks!

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=xyiy6nJREJA

“Tidbits From TNT” Monday 5-5-2025

TNT:

Tishwash:  Al-Sudani chairs a meeting of the heads of the boards of directors of Iraqi banks.

Prime Minister Mohammed Shia al-Sudani chaired a meeting on Monday with the chairmen of the boards of directors of Iraqi banks.

The Prime Minister's media office stated in a statement received by Al-Maalouma Agency that "Prime Minister Mohammed Shia al-Sudani chaired a meeting with the chairmen of the boards of directors of Iraqi banks."   link

Tishwash:  The Foreign Minister arrives in Riyadh on an official visit.

Deputy Prime Minister and Minister of Foreign Affairs, Mr. Fuad Hussein, arrived in the Saudi capital, Riyadh, on Sunday, May 4, 2025, on an official visit aimed at strengthening bilateral relations and continuing consultation and coordination between the two brotherly countries.

The Minister was received upon arrival by Deputy Foreign Minister Walid bin Abdul Karim Al-Khuraiji and the Ambassador of the Republic of Iraq to the Kingdom of Saudi Arabia, Ms. Safiya Talib Al-Suhail.

Mr. Fuad Hussein is scheduled to meet with his Saudi counterpart, Faisal bin Farhan, to discuss ways to strengthen relations between Iraq and the Kingdom of Saudi Arabia, in addition to discussing regional and international developments, the challenges facing the region, and ways to support joint Arab action.

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

Tishwash:  Iraq is in the crosshairs of international negotiations. Negotiations by major powers shape the contours of crises or opportunities for a breakthrough.

 Baghdad Today - Baghdad

Political and strategic affairs researcher Muhammad Ali al-Hakim explained on Monday (May 5, 2025) that the ongoing negotiations between the United States and Iran cast a heavy shadow over Iraq, given the direct and influential influence the two countries have on the Iraqi scene.

Al-Hakim told Baghdad Today, "US-Iranian relations are among the most complex international relations, and any shift in their course will have a direct impact on Iraq, whether positive or negative, depending on the outcome of these negotiations."

He pointed out that "the success of the negotiations will have several positive effects on Iraq, including easing regional tensions, which will reduce the risk of a new conflict and enhance the chances of peace. The economic situation will also improve if sanctions on Iran are lifted, which will open the way for Iraq to expand its trade and economic cooperation with Tehran."

He added that "achieving consensus between Washington and Tehran could also lead to increased international support for Iraq from both sides, which would contribute to the country's stability and stimulate development and investment, as well as reduce the severity of the internal political divide and improve Iraqi-American relations, thus enhancing Iraq's chances of receiving more financial and political support."

In contrast, Al-Hakim warned of the repercussions of the failure of the talks, stressing that "it could rekindle tensions in the region, placing Iraq at the heart of new crises, with the potential for its economy to decline due to continued sanctions on Iran and the difficulty of engaging economically with it."

He also warned that "the failure of the negotiations could exacerbate political tensions within Iraq and intensify polarization between forces affiliated with the Iranian axis and those loyal to the United States, potentially opening the door to new internal crises."

Al-Hakim concluded his remarks by saying, "Despite three rounds of indirect talks between Tehran and Washington, mediated by Oman, Iraq's fate remains tied to the outcome of these negotiations. Their success serves Iraq's national security interests, while their failure could bring further crises."

The United States and Iran have been locked in a complex political and economic conflict for years, beginning with the Iranian Revolution in 1979 and culminating with Washington's withdrawal from the nuclear agreement in 2018 and imposing severe sanctions on Tehran.

With tensions escalating in the Middle East, Iraq has become an indirect arena for this conflict, given the presence of US forces and Iran's extensive political and economic influence there.

Despite attempts at calming the situation through international mediation, most notably Omani mediation, negotiations remain at a standstill, with Iraq remaining the country most affected by the fluctuations in relations between Tehran and Washington.   link

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

Tishwash:  The Minister of Finance breaks her silence on the withdrawal of tax deposits 

Finance Minister Taif Sami explained, on Sunday (May 4, 2025), the mechanism for withdrawing tax deposits and converting them into final revenues.

Sami said in a statement to the official agency, followed by "Baghdad Today", that "the special account for tax deposits opened at the Central Bank of Iraq in the name of the Ministry of Finance, Accounting Department, which concerns the amounts collected from taxpayers, most of which are considered final revenue for the state treasury (tax revenues) according to the applicable laws," indicating that "these amounts are temporarily deposited in an intermediate account, which is the (tax deposits) account, until the final tax accounting procedures are completed by the taxpayers and the General Tax Authority."
She added, "In light of this, it is determined whether the tax accounting is equal to the amount paid by him as deposits, the deposit amounts are reflected in the final revenue. However, if the tax accounting is greater than the amount paid, the taxpayer pays the difference to the public treasury. However, if the tax accounting is less than the amount paid by the taxpayer, the difference is returned to the taxpayer."

She continued, "All remaining amounts are reflected in this account after completing the tax accounting as a final revenue for the state treasury (tax revenues)," noting that "withdrawing tax deposit amounts is a normal procedure according to Cabinet Resolution No. (294) of 2025, as these amounts are considered final revenue for the state treasury as the final result of tax accounting."

The Cabinet resolution, in its 15th regular session held on 4/15/2025, included approval to authorize the Minister of Finance to withdraw tax deposit amounts that are less than five years old, amounting to (3,045,007,500,252) dinars, to finance and pay the salaries of April and subsequent months deposited in the Ministry of Finance's account at the Central Bank of Iraq (70019), which it will deposit later according to the state's overall need, provided that the cash settlement is made monthly when requested by reversing the deposit amount from the actual revenues collected monthly when conducting the tax accounting.

The Minister of Finance explained that "the procedure is normal to maximize resource revenues and control them of all kinds," indicating that "most taxpayers do not visit the departments to complete their tax accounting dues, with the aim of evading the imposed tax."
She stressed that "the ministry has lists of the names, numbers and amounts of taxpayers and companies that owe money at the General Tax Authority and the Accounting Department, to refer to in the event that taxpayers visit the Authority."

Sami pointed out that “the remaining amounts reflect:
1- Upon receipt of amounts from taxpayers before the final settlement (estimation of the tax amount) from the bank account to the tax deposit account (taxpayer)
2- Upon final settlement with the taxpayer:
A- If the final tax settlement amount is equal to the amount of deposits paid, the entry shall be
as follows:
From the tax deposit account (taxpayer)
to the final revenue account (tax revenue)
B- If the final tax settlement amount is greater than the amount paid as deposits, the taxpayer shall pay the difference as a final revenue to the state treasury according to the following entry:
From the bank account (difference amount) From the taxpayer
to the final revenue account (tax revenue).
She added, "The amounts of tax deposits paid by the taxpayer are reflected as final revenue according to the following entry:
From the account / tax deposits (taxpayer)

To the account / Tax revenues
C - If the final tax settlement is less than the amount paid by the taxpayer, the difference amount shall be returned to the taxpayer and the remaining amount shall be reflected in the final revenue according to the following compound entry:
From the account / Tax deposits (the taxpayer)
To the aforementioned
account / Final revenue (Tax revenues)
account / Bank The difference that shall be returned to the taxpayer)

The Council of Ministers decided in its fifteenth regular session held on 4/15/2025 to approve the following:
1- Authorizing the Minister of Finance to withdraw the amounts of tax deposits that are not more than five years old, amounting to (3,045,007,500,252) dinars, to finance and pay the salaries of the month of April and subsequent months deposited in the Ministry of Finance’s account at the Central Bank of Iraq (70019), which it will deposit later according to the need for the total state, provided that the cash settlement is carried out monthly when requested by reversing the amount of deposits from the actual revenues collected monthly when conducting the tax settlement.
2- The ministries, entities not affiliated with a ministry, governorates and governorate councils shall implement the contents of the Ministry of Finance's circular No. (36) S/357 dated 4/8/2025 (attached), for the purpose of expediting tax accounting and settlement procedures within a maximum of (10) days starting from the date of issuance of this decision.

3- Holding accountable those who fail to implement the provisions of the Income Tax Law (113 of 1982 as amended) and delaying the settlement of financial liabilities resulting from the delay in tax accounting and financing all tax revenue amounts and the amount of tax deposit settlement on a timely basis.
4- The General Tax Authority shall impose the fines stipulated in the provisions of paragraph (4) of Article (56) of the aforementioned Income Tax Law. link

Mot: Julie Andrews Turning 79 - this is hysterical!

To commemorate her birthday , actress/vocalist, Julie Andrews made a special appearance at Manhattan's Radio City Music Hall for the benefit of the AARP. One of the musical numbers she performed was 'My Favorite Things' from the legendary movie 'Sound Of Music'. Here are the lyrics she used:

(Sing It!) - If you sing it, its especially hysterical!!! )

Botox and nose drops and needles for knitting,

Walkers and handrails and new dental fittings,

Bundles of magazines tied up in string,

These are a few of my favorite things.

Cadillacs and cataracts, hearing aids and glasses,

Polident and Fixodent and false teeth in glasses,

Pacemakers, golf carts and porches with swings,

These are a few of my favorite things.

When the pipes leak, When the bones creak,

When the knees go bad,

I simply remember my favorite things,

And then I don't feel so bad.

Hot tea and crumpets and corn pads for bunions,

No spicy hot food or food cooked with onions,

Bathrobes and heating pads and hot meals they bring,

These are a few of my favorite things.

Back pain, confused brains and no need for sinnin',

Thin bones and fractures and hair that is thinnin',

And we won't mention our short shrunken frames,

When we remember our favorite things.

When the joints ache, When the hips break,

When the eyes grow dim,

Then I remember the great life I've had,

And then I don't feel so bad

Iraq Economic News And Points To Ponder Monday Morning 5-5-25

No Indications Of Liquidity Crisis... Rafidain Bank Declares The Country's Financial Situation Sound

Economy | 04:39 - 04/05/2025  Mawazine News - Baghdad - Rafidain Bank denied, on Sunday, rumors of a liquidity crisis or banking panic, stating that the bank's financial position is strong and solid.

The bank's media office said in a statement received by Mawazine News that "the bank has a legal reserve of more than 8 trillion dinars deposited with the Central Bank of Iraq," noting that "liquidity is available, deposits are secure, and there are no emergency withdrawal requests or operational imbalances."

The statement pointed out that "Rafidain Bank is not just a bank, but a sovereign pillar of the state's economy at a time when it is impossible to compare it with banking collapses in other countries," stressing that "it is dangerous to drag banks into political and media controversy." https://www.mawazin.net/Details.aspx?jimare=261132

Al-Nusairi: Comprehensive Banking Reform Means Modernizing And Developing Banks, Ensuring Their Compliance With International Standards, And Transitioning To A Rapidly Growing Economy.

Banks   Economy News – Baghdad  Economic and banking advisor Samir Al-Nusairi confirmed that the banking reform project launched by the Central Bank last month in cooperation with the government and the global consulting firm Oliver Wyman was held at a ceremony attended by the Prime Minister.

Al-Nusairi said in a televised interview followed by "Al-Eqtisad News" that the banking reform project aims primarily, within the specified timeframes, to modernize and develop the private banking sector, comply with international standards, transition to a rapidly growing national economy, expand digital transformation, enhance financial inclusion, stimulate electronic payments, strengthen cybersecurity, use artificial intelligence to analyze and ensure the transparency of banking data, create a financial center, and authorize and license digital banks.

He added that it achieves stimulating and sustainable returns for investors, creates a fair competitive environment in the banking market, and restores confidence in the banking sector.

He explained that the private banking sector achieved good business results in 2024, despite 50% of our banks being subject to sanctions and restrictions on the use of the US dollar. The ratio of credit granted to deposits reached 67.9%, which means the banks are moving towards the real work of financing and investing in deposits.

The banks’ capital rose to 20 trillion dinars, an increase of 8.7% due to the implementation of the Central Bank’s instructions to raise capital to 400 billion dinars and setting September 30, 2025 as the deadline for increasing the capital of the remaining banks.

Al-Nusairi pointed out that the objectives set for banking reform are in line with the main and sub-objectives of the Central Bank's third strategy for the years 2024-2026, which comprises 7 main objectives, 24 sub-objectives, and 75 initiatives to achieve these objectives.

The Central Bank's management is working to implement them in accordance with approved policies and programs and in cooperation with relevant authorities.   https://economy-news.net/content.php?id=55098

In Detail, The Minister Of Finance Explains The Mechanism For Converting Tax Deposits Into Revenue.

Sunday, May 4, 2025, 19:14 | EconomicNumber of reads: 157   Baghdad / NINA / Finance Minister Taif Sami clarified, on Sunday, the mechanism for withdrawing tax deposits and converting them into final revenues.

Sami said in a press statement, "The special account for tax deposits opened at the Central Bank of Iraq in the name of the Ministry of Finance, Accounting Department, which pertains to the amounts collected from taxpayers, most of which are considered final revenue for the state treasury (tax revenues) according to the applicable laws,"

indicating that "these amounts are temporarily deposited in an intermediate account, which is the (tax deposits) account, until the final tax accounting procedures are completed by the taxpayers and the General Tax Authority."

She added, "In light of this, it is determined whether the tax accounting is equal to the amount paid by the taxpayer as deposits, the amounts of the deposits are reflected in the final revenue.

However, if the tax accounting is greater than the amount paid, the taxpayer pays the difference to the public treasury. However, if the tax accounting is less than the amount paid by the taxpayer, the difference is returned to the taxpayer."

Sami continued, "All remaining amounts are reflected in this account after completing the tax accounting as a final revenue for the state treasury (tax revenues)," noting that "withdrawing tax deposit amounts is a normal procedure according to Cabinet Resolution No. (294) of 2025, as these amounts are considered final revenue for the state treasury as the final result of tax accounting."

 The Cabinet resolution, in its 15th regular session held on 4/15/2025, included approval to authorize the Minister of Finance to withdraw tax deposit amounts that are less than five years old, amounting to (3,045,007,500,252) dinars, to finance and pay the salaries of April and subsequent months deposited in the Ministry of Finance's account at the Central Bank of Iraq (70019),

which it will deposit later according to the state's overall need, provided that the cash settlement is made monthly when requested by reversing the deposit amount from the actual revenues collected monthly when conducting the tax accounting.

The Minister of Finance explained that "the procedure is normal to maximize resource revenues and control them of all kinds," indicating that "most taxpayers do not visit the departments to complete their tax accounting dues, with the aim of evading the imposed tax."

She stressed that "the ministry has lists of the names, numbers and amounts of taxpayers and companies that owe money at the General Tax Authority and the Accounting Department, to refer to in the event that taxpayers visit the Authority."

Sami pointed out that “the remaining amounts reflect:

1- Upon receipt of amounts from taxpayers before the final settlement (estimation of the tax amount) from the bank account to the tax deposit account (taxpayer)

2- Upon final settlement with the taxpayer:

A- If the final tax settlement amount is equal to the amount of deposits paid, the entry is
as follows:

From the tax deposit account (taxpayer) to the final revenue account (tax revenue)

B- If the final tax settlement amount is greater than the amount paid as deposits, the taxpayer pays the difference as a final return to the state treasury according to the following entry:

From the bank account (difference amount) from the taxpayer to the final revenue account (tax revenue).

She continued, "The amounts of tax deposits paid by the taxpayer are reversed as final revenue according to the following entry:

From the account / tax deposits (taxpayer)  to the account / tax revenues

C - If the final tax settlement is less than the amount paid by the taxpayer, the difference amount is returned to the taxpayer and the remaining amount is reflected in the final revenue according to the following compound entry:

From the account / tax deposits (taxpayer) to the aforementioned
account / final revenue (tax revenues)
account / bank difference that is returned to the taxpayer)

The Council of Ministers decided in its fifteenth regular session held on 4/15/2025 to approve the following:

1- Authorizing the Minister of Finance to withdraw the amounts of tax deposits that have not been in effect for five years, amounting to (3,045,007,500,252) dinars, to finance and pay the salaries of the month of April and subsequent months deposited in the Ministry of Finance’s account at the Central Bank of Iraq (70019), which it will deposit later according to The need for the state's total, provided that the cash settlement is carried out monthly when requested by reversing the amount of deposits from the actual revenues collected monthly when conducting tax accounting.

2- Implementation by ministries, entities not affiliated with a ministry, governorates and governorate councils of the contents of the Ministry of Finance's circular No. (36) S / 357) dated 4/8/2025 (attached), for the purpose of expediting tax accounting and making settlements within a maximum of (10) days starting from the date of issuance of this decision.

3- Holding accountable those who failed to implement the provisions of the Income Tax Law (113 of 1982 as amended) and delaying the settlement of financial liabilities resulting from the delay in conducting tax accounting and financing all amounts of tax revenues and the amount of tax deposit settlement on a timely basis.

4- Imposing the General Tax Authority the fines stipulated in the provisions of paragraph (4) of Article (56) of the aforementioned Income Tax Law. https://ninanews.com/Website/News/Details?key=1224650

Iraq Ranked Fifth Among The Largest Oil Exporters To The United States Last Week.

Sunday, May 4, 2025| EconomicNumber of reads: 280   Baghdad / NINA / The US Energy Information Administration announced, on Sunday, that Iraq ranked fifth among the largest oil exporters to the United States during the past week.

The administration stated in a table that "the average US imports of crude oil during the past week from ten major countries amounted to 5.093 million barrels per day, an increase of 262 thousand barrels per day compared to the previous week, which amounted to 4.831 million barrels per day."

It added that "the average of Iraq's oil exports to America amounted to 141 thousand barrels per day, thus ranking fifth as the largest oil exporter to America during the past week."

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

According to the table, "the amount of US imports of crude oil continued from Colombia, Venezuela, Brazil, Ecuador, and Libya." /End   https://ninanews.com/Website/News/Details?key=1224545

Dollar Prices Stabilize In Baghdad Markets

Stock Exchange  Economy News – Baghdad   The US dollar exchange rate stabilized in Baghdad markets on Sunday morning.

The dollar exchange rate stabilized on the Al-Kifah and Al-Harithiya stock exchanges, recording 144,750 Iraqi dinars per $100, the same rate as on Saturday morning.

Selling prices at exchange offices in Baghdad's local markets remained stable, with the selling price reaching 145,750 Iraqi dinars per $100, and the buying price reaching 143,750 dinars per $100. https://economy-news.net/content.php?id=55100

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

Seeds of Wisdom RV and Economic Updates Monday Morning 5-5-25

Good Morning Dinar Recaps,

SAY NO TO CRYPTO LEGISLATION, SENATOR WARREN URGES SENATE ON SHADY TRUMP DEAL

Senator Elizabeth Warren has criticized the Trump family’s involvement in the crypto industry, particularly the newly launched USD1 stablecoin.

▪️ Backed by US Treasuries, USD1 will reportedly serve as the settlement currency for a $2 billion investment from Abu Dhabi-backed MGX.
▪️ Warren has raised alarm about the GENIUS Act, which aims to establish a US regulatory framework for stablecoins.
▪️ She alleges the bill could facilitate financial profiteering by Trump and his associates, labeling it as a move that "greenlights corruption".

US Senator Elizabeth Warren has raised major red flags about Donald Trump’s association with the crypto industry and the recent $2 billion deal backed by the United Arab Emirates, calling it a pathway to huge corruption. As a result, she has urged the US Senate to stop the crypto legislation and the GENIUS Act, ahead of this week.

Senator Warren Attacks USD1 Stablecoin

In her fresh attack on the Trump family, Massachusetts Senator Elizabeth Warren referred to the newly launched USD1 stablecoin, backed by short-term US Treasuries. This stablecoin has been issued by Donald Trump’s DeFi project, World Liberty Financial.

The global stablecoin market currently surpasses $245 billion in circulation. According to CoinGecko, USD1 ranks seventh among stablecoins, with most being backed by short-term US Treasuries and other real-world debt instruments.

World Liberty’s USD1 will play a pivotal role as the settlement currency for MGX’s $2 billion investment in Binance, the global cryptocurrency exchange.

Abu Dhabi’s sovereign wealth fund is backing MGX, with Witkoff publicly announcing the deal last week during a crypto convention in Dubai, seated alongside Eric Trump.

Stop Crypto Legislation aka GENIUS Act

Senator Elizabeth Warren has been actively questioning Donald Trump’s association with the crypto industry, adding that the President and his peers are filling up their pockets by bending the rules.

While referring to the crypto legislation aka the GENIUS Act last week, which seeks to establish the first US regulatory framework for stablecoins, Senator Warren said:

“This is a bill that would make it even easier for the president and his family to profit off their own stablecoin and oversee their own financial company.”

While further questioning the Senate’s inaction in a Trump-associated crypto deal, Senator Warren called it “corruption in plain sight”. She warned that by advancing related legislation, lawmakers are effectively “greenlighting the grift.”

The GENIUS Act bill, sponsored by Senator Bill Hagerty (R-TN), gained bipartisan backing in March when it passed the Senate Banking Committee and is set for a floor vote this week.

@ Newshounds News™
Source:  CoinSpeaker

~~~~~~~~~

CARDANO JOINS LINUX FOUNDATION’S CONFIDENTIAL COMPUTING CONSORTIUM

Cardano has become the newest member of the Linux Foundation’s Confidential Computing Consortium (CCC), a move that places the open-source blockchain alongside tech giants like Microsoft and Amazon in the fast-growing arena of hardware-based data protection.

The announcement came during a one-hour “Midnight Booth” fireside chat at Consensus, where Charles Hoskinson (CEO of Input Output) and Eran Barak (CEO of the Midnight development company) laid out how confidential computing will anchor Cardano’s privacy-first sidechain, Midnight.

“We just recently joined the Confidential Computing Consortium... We’re right there with Microsoft and Amazon with Nitro,” Hoskinson told the audience.

Cardano’s Entry into Hardware-Based Privacy

The CCC sets cross-industry specifications for enclave-based security. Cardano’s membership signals an intent to align Midnight’s zero-knowledge roll-ups and DID (Decentralized Identifier) stack with emerging hardware security standards rather than relying purely on cryptographic approaches.

“Midnight basically clicks into all of those different things… you actually get paid for sharing these things as opposed to it all goes to the Magnificent Seven,” said Hoskinson, referencing dominant Big Tech firms.

Cardano Takes Next Step in Secure Blockchain

Hoskinson traced the inspiration for Midnight to “a bar in Tel Aviv” during Eurocrypt 2018, where a debate on zero-knowledge proofs matured into a new sidechain project featuring:

• A Stark-based execution engine (“Kachina”)

• A dual-token economic model:

• “Knight” for governance

• “Dust” for metered capacity

• Selective-disclosure controls using W3C DIDs

“Enterprise adoption hinges on hardware-rooted trust,” said Barak.
“Confidential computing supplies that final layer.”

Why Confidential Computing Matters

“When you think about protecting your data, you really need to protect the data and the metadata,” said Barak.

By joining the CCC, Cardano gains influence in shaping:

• Chipset specifications

• Enclave attestation protocols

• Open-source reference code

Midnight aims to become the secure foundation that enables AI to access private data without violating user rights.

Regulatory Design: The Two-Asset Model

The session highlighted Midnight’s design that splits volatile and stable components:

• “Knight” = value-accruing governance token

• “Dust” = stable, non-speculative usage token

“You get your cake and eat it, too… developers can pay in Bitcoin or Ether or Solana... end users won’t notice they’re using a different system,” said Hoskinson.

This sidesteps common regulatory concerns seen in privacy coins like Monero, by separating consensus incentives from fee mechanisms.

Hardware-Backed Privacy for Compliance

Confidential computing strengthens blockchain privacy at the hardware level:

• Enclave-based execution seals wallet keys, ZK circuits, and DID registries

• Cryptographic attestation allows regulators to verify compliance

“Selective disclosure is an absolute necessity,” Hoskinson emphasized.
“Disclosure rules can be embedded in smart contracts, and exchanges decide compliance.”

Looking Ahead: Tokenized Assets and Enterprise Use

Cardano’s CCC membership coincides with a growing push toward tokenizing real-world assets, a market Hoskinson estimates at:

• $10+ trillion today

• $100 trillion in the future

Midnight must interoperate with both legacy financial venues (e.g., NYSE) and on-chain liquidity pools.

“You want broker-dealers, compliance, circuit breakers, and blockchain tech... Midnight is the only way to really do that,” he said.

2,000+ Builders Already on Midnight

Barak reported over 2,000 testnet developers building projects including:

• Dark-pool trading prototypes

• Encrypted medical record systems

• Jet engine carbon-credit tracking

Because code/state is encrypted, even IO’s team cannot inspect what is deployed—ensuring privacy-first development.

“If we finally bring blockchain technology with privacy businesses actually need, the innovation is just unbelievable,” Barak concluded.

@ Newshounds News™
Source:  Bitcoinist

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's News Telegram Room Link

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Thank you Dinar Recaps

MilitiaMan & Crew: Iraqi Dinar Update-Truth no Rumours-Transparency-International Institutions & Oracle Flexcube global

MilitiaMan & Crew:  Iraqi Dinar Update-Truth no Rumours-Transparency-International Institutions & Oracle Flexcube global

5-4-2025

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

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

https://www.youtube.com/watch?v=eOPDQd5rS-E

The U.S. Is 80% Broke, And No One Realizes It, The Fed Caused This, and Can’t Fix It | Chris Whalen

The U.S. Is 80% Broke, And No One Realizes It, The Fed Caused This, and Can’t Fix It | Chris Whalen

Soar financially:  5-4-2025

In this explosive episode, Chris Whalen, Chairman of Whalen Global Advisors and Wall Street veteran, delivers an unfiltered breakdown of what’s next for the U.S. economy.

From the Fed’s policy blunders to a looming 20% housing market correction, Chris lays out what most analysts refuse to say.

 We cover the fintech credit crisis, inflation’s true cause, commercial real estate’s silent implosion, and why gold is set to become a central bank favourite again. Buckle up — this one’s packed.

00:00 - Gold Can’t Absorb a Market Exodus

00:52 - Meet Chris Whalen

02:00 - Global Outlook: Europe vs U.S.

 03:40 - Are We Near Recession?

05:00 - The Fed’s Hubris & Debt Fallout

07:00 - 20% Housing Price Crash Coming

 09:00 - Mortgage Rates at 7%: What It Means

12:00 - Why the Fed Missed Its Chance

14:00 - Rent-to-Own, FHA, and Housing Stress

 16:00 - Inflation vs. Stagflation Debate

18:00 - Trump, Fed Politics, and Treasury Moves

19:30 - Jobs Report Surprises & What It Signals

 21:00 - Big Government vs. Shrinking Private Sector

22:30 - Fintech, Credit Risks, and Buy Now Pay Later

25:00 - Market Outlook, Valuations, and Gold Strategy

 29:00 - Gold, Basel III, and Silver as Reserve Assets

https://www.youtube.com/watch?v=UgL8rPuhvYE

News, Rumors and Opinions Sunday PM 5-4-2025

KTFA:

Clare:  Granting a license to Al-Hawd Exchange Company / Private Joint Stock Company under Category (A)

May 04, 2025

It was decided to grant a license to practice work as a private joint-stock exchange company under category (A) in the name of Al-Hawd Exchange Company, numbered (99) for the year 2025. For more, click here.

https://cbi.iq/news/view/2879

Clare:  The Central Bank's branch in Erbil holds a development course for its employees.

The Central Bank of Iraq, Erbil Branch, held a "Middle Management Course" for some of its employees.

The course covered the basic aspects of developing participants' skills, including basic information in the administrative, legal, banking, financial, and monetary fields.

It is worth noting that developing the organizational structure and human resources at the Central Bank is a strategic objective pursued by the Central Bank of Iraq to develop its human resources, enhance their capabilities, enhance the effectiveness of their performance, and qualify them administratively and professionally.

Central Bank of Iraq
Media Office
May 4, 2025

https://cbi.iq/news/view/2881

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

Clare:  The Central Bank concludes financial inclusion activities in Sulaymaniyah.

The Central Bank of Iraq's Erbil branch concluded financial inclusion activities in Sulaymaniyah Governorate.

The event lasted for two days and was attended by a number of banks and electronic payment service providers.

The first day's event was held at the College of Administration and Economics, University of Sulaimani, while the second day's events were held at the International Finance and Trade Center in Sulaimani.

Central Bank of Iraq
Media Office
May 4, 2025

https://cbi.iq/news/view/2880

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

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

Bruce   [via WiserNow]  I think we're going to end up getting notifications between Sunday and Monday.

Pimpy   The only thing keeping Iraq back from having the exchange rate of $3.22 is Iraq...Sudani seems to be getting everything back on track.  Keep your fingers crossed that no more things come in and interfere with the rebuilding of Iraq.  Then you can start to see it, slowly but surely, rebuilding the value of its currency.  Having a ton of foreign currency reserves helps.  Having a ton of gold helps as well.

Sandy Ingram  Iraq and the United States are working closely behind closed doors.  Behind closed doors the United States, IMF and World Bank have a lot to do with the timing of the float of the Iraqi dinar and Iraq's release from the shadow sanctions.  

$10,000 Gold This Year? Monetary Reset Breadcrumbs In Plain Sight | Mike Maloney

4-30-2025

Is the U.S. preparing for a monetary reset backed by gold?

 In this powerful exposé, we follow the trail of breadcrumbs—from historical cycles and central bank actions to the massive inflows of gold into U.S. vaults.

 Discover how past monetary transitions line up with today’s geopolitical and financial chaos, and why a $10,000 gold price may be more than just speculation—it could be imminent reality.

Inside This Video:

The 50-year monetary reset cycle

 Surging U.S. gold imports and Fort Knox whispers

 Treasury officials hinting at a new gold standard

A step-by-step breakdown of how gold could hit $10,000

https://www.youtube.com/watch?v=GGsWLA7s9Ow