Iraq Economic News And Points To Ponder Thursday Afternoon 5-22-25

Central Bank: A Comprehensive Five-Pronged Plan To Combat Money Laundering

Banks  Economy News – Baghdad  The Central Bank announced on Thursday that it has put in place preventative measures to combat money laundering across various sectors, while noting that there is international cooperation at the strategic level involving international organizations.

Hussein Ali, Deputy Director General of the Central Bank's Anti-Money Laundering and Combating the Financing of Terrorism Office, said, "The crime of money laundering is linked to the extent of the predicate crime being committed domestically, as well as to the extent of preventative measures taken by the state."

He explained that, "Based on a comprehensive assessment of the anti-money laundering and counter-terrorism financing system, weaknesses in this system were identified, where they are being exploited, which sectors are being exploited in money laundering, and which predicate crimes are most commonly committed."

He added, "After identifying these crimes and the points where money laundering occurs, mitigating measures were put in place to address the risks of money laundering through these sectors."

He continued, "Easing measures have been put in place in the real estate sector, with real estate sales being conducted through the banking sector. Special measures have also been put in place in the gold sector, with financial institutions enforcing stricter controls on gold transfers."

He pointed out that "electronic cards, which were exploited by some unscrupulous individuals for foreign withdrawals, were used to benefit from the exchange rate or to move illegal funds. This phenomenon has been curbed and mitigated by establishing controls and updating the limits on these cards so that they are no longer useful to those who make foreign withdrawals."

He emphasized that "all these treatments are based on a real evaluation process with very precise results, which helped ensure that the treatments were specific and focused."

He noted that "the Anti-Money Laundering Law addresses all these sectors, and there are international and national studies that identify new trends pursued by money launderers. Every time a new method is added, countries implement preventative measures for it."

He explained that "one of the methods also includes registering fake companies, and there are procedures in place for this in cooperation with the Companies Registration Department, including the process of identifying the real beneficiary of these companies, which is a very important matter to prevent the use of front companies for these companies."

He pointed out that "the Iraqi state took appropriate measures, and even when it was evaluated by the Financial Action Task Force, the evaluation result regarding the beneficial owner issue was appropriate for Iraq's situation."

He pointed out that "all measures taken are based on a risk-based approach, so that when there are risks, measures are taken to address them, while private transactions involving citizens are not complicated."

He emphasized that "all countries in the world cooperate in the field of combating money laundering through multiple channels, and in the Anti-Money Laundering Office we have counterpart offices called counterpart units."

He explained that "information is exchanged with these units without any conditions, and without the involvement of diplomatic bodies such as the Ministry of Foreign Affairs or the intelligence service."

He stated that "there is international cooperation at the strategic level through reports and through our participation in relevant international organizations," noting that "regarding our work, we conduct an investigation, and after completing the file, it is referred to the judiciary, and we say that this person carried out a money laundering operation, and took out the funds of such-and-such state, and this money reached such-and-such a value, and is present in such-and-such accounts, and after that, there is official judicial cooperation from one judiciary to another for the purpose of seizing and confiscating the funds."  https://economy-news.net/content.php?id=55722

The Association Of Private Banks Holds A Specialized Workshop On "Control Guidelines For Internal Assessment Of Capital Adequacy Standards"

Advisor to the Association of Banks, Samir Al-Nusairi  Banks  Economy News – Baghdad  The Iraqi Private Banks Association held a specialized workshop on the subject of regulatory controls for the internal assessment of capital adequacy standards.

The seminar hosted representatives of the Central Bank, including the relevant managers of the Banking Supervision Department at the Central Bank, and was attended by representatives of all commercial and Islamic banks, including the directors of risk, compliance, credit, internal and financial audit, and members of the boards of directors who are members of the Risk Committee.

The workshop was moderated by the Association of Banks' advisor, Samir Al-Nusairi, who spoke about the objectives of regulatory standards for capital adequacy in accordance with the requirements of the Basel Committee's second pillar to secure a capital buffer to mitigate risks. He emphasized the need to strengthen and improve corporate governance in banks based on the Environmental and Social Standards Guide issued in 2024.

He pointed out that the comprehensive banking reform project, which the Central Bank is working to implement in cooperation with the global consulting firm Oliver Wyman, is sponsored and supported by the government.

Central Bank representatives Ali Abdul Aziz and Hussein Reda spoke about the details of the regulations and tasks required of banks, as well as the procedures and timelines required to implement the regulations over the coming year.

The attendees discussed the regulations and observations that required clarification and answers from the Central Bank. These were answered by Central Bank representatives. At the conclusion of the workshop, it was decided to form a permanent joint working group between the Central Bank and the banks to follow up on implementation and address any obstacles that may hinder implementation.

Specialized workshops and training courses will also be held for relevant leadership cadres on the boards of directors and executive management at banks to ensure accurate implementation and application of the regulations.   https://economy-news.net/content.php?id=55727

Rafidain: Extension Of The Period For The Sale Of National Bonds - The Third Issue

Economy | 05:40 - 05/22/2025  Mawazine News – Baghdad Rafidain Bank announced today, Thursday, the extension of the sale period of the third national bond issue until June 3, 2025, in response to the growing demand from citizens for this type of financial instrument, and in accordance with the directives of the Ministry of Finance and the Central Bank of Iraq.

The bank explained in an official statement that this extension comes within the framework of supporting the culture of national savings and encouraging safe investment, in addition to contributing to financing economic development projects within the country.

The statement indicated that two types of bonds are available to investors:

• First bond:
• Nominal value: 500,000 Iraqi dinars
• Annual interest: 8%
• Investment period: two years
• Payment mechanism: Interest paid semi-annually

• Second bond:
• Nominal value: 1,000,000 Iraqi dinars
• Annual interest: 10%
• Investment period: four years
• Payment mechanism: Interest paid semi-annually

The bank called on citizens wishing to invest their savings in guaranteed instruments with a fixed return to visit the nearest Rafidain Bank branch to take advantage of the available opportunity before the specified period ends.   https://www.mawazin.net/Details.aspx?jimare=261796

The Prime Minister Announces The Launch Of The National Security Strategy (2025-2030)

Thursday, May 22, 2025 15:07 | Umniah Number of reads: 347   Baghdad / NINA / Prime Minister Mohammed Shia Al-Sudani announced the launch of the National Security Strategy (2025-2030).

According to a statement by his media office, Al-Sudani congratulated the national elite who were appointed from all state institutions to implement this strategy, stressing his serious support for the implementation of this task.

The Prime Minister stressed that the importance of this strategy lies in its protection of the supreme interest of the country, building a diversified and sustainable development economy, and adopting a service system that matches the aspirations of the people.

He said that we all bear the responsibility of building our homeland, protecting it and its sanctities in accordance with a fully sovereign and secure Iraq to achieve stability and development. https://ninanews.com/Website/News/Details?Key=1228435

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

Seeds of Wisdom RV and Economic Updates Thursday Evening 5-22-25

Good Evening Dinar Recaps,

XRP LEDGER BREAKS GROUND WITH ITS FIRST MICA-REGULATED EURO STABLECOIN

Schuman Financial’s EURØP has officially become the first euro-denominated stablecoin to satisfy the European Union’s Markets in Crypto-Assets (MiCA) regime—while launching natively on the XRP Ledger (XRPL).

Launched from Paris on 22 May, this historic development ties MiCA-grade legal certainty to a blockchain that has already processed over 3.3 billion transactions in its 12-year existence.

“EURØP on the XRPL combines the resilience of a global blockchain with euro-native liquidity and compliance at its core,” said Martin Bruncko, founder and CEO of Schuman Financial. “This will give Europe and euro-denominated financial markets an integral infrastructure for the next wave of financial innovation, which is happening on-chain.”

XRP Ledger And Why MiCA Status Matters

MiCA’s stablecoin provisions, which govern e-money tokens (EMTs) like EURØP, came into effect on 30 June 2024. These rules demand:

• Full 1:1 fiat backing

• Daily redeemability

• Bankruptcy-remote reserves

• Authorization by an EU regulator

Schuman Financial is licensed by the French ACPR as an EMT issuer. Its reserves are audited by KPMG and held at Société Générale and other top-tier banks.

While only a few issuers—Circle’s USDC and EURC, Société Générale’s EURCV, and about a dozen niche firms—have cleared MiCA’s high bar, EURØP is the first to do so on the XRP Ledger.

Historically, XRPL’s native DEX, rapid finality, and low fees made it a stronghold for IOU-based fiat tokens. However, EURØP now brings a fully MiCA-compliant euro stablecoin to that ecosystem for the first time.

The Strategic Importance of EURØP

Euro stablecoins currently make up just 0.15% of the $232 billion global stablecoin market—about $338 million as of April 2025. Still, they are now a strategic priority for European banks and fintechs, thanks to MiCA’s passportable legal framework.

For payment firms and corporate treasurers, EURØP delivers:

• Programmable settlement

• Transfers in 3–5 seconds

• Transaction costs of a fraction of a cent

• Full EU regulatory compliance

According to Schuman Financial, EURØP will support:

• DeFi lending pools

• Automated foreign-exchange corridors

• On-chain euro legs for tokenized real-world assets (RWAs)

These use cases align with MiCA’s framework—especially when firms file for a “significant” EMT designation with the European Banking Authority.

“The launch of EURØP on the XRP Ledger demonstrates how stablecoins can meet the high standards set by MiCA while unlocking new possibilities for on-chain payments and RWA tokenization,” said Cassie Craddock, Ripple’s Managing Director for UK & Europe.

@ Newshounds News™
Source:  Bitcoinist

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SENATORS PLAN TO AMEND GENIUS ACT TO ADDRESS TRUMP FAMILY'S STABLECOIN

Senate Democrats, led by Chuck Schumer, Elizabeth Warren, and Jeff Merkley, are preparing to introduce an amendment to the GENIUS Act aimed at blocking U.S. presidents from profiting from stablecoins, in direct response to the Trump family’s involvement in crypto.

On May 20, the Senate voted to advance the Guiding and Establishing National Innovation for US Stablecoins Act (GENIUS Act)—after failing a procedural vote on May 8. The new amendment is designed to add anti-corruption guardrails, especially in light of Trump’s ties to the stablecoin USD1 and the crypto platform World Liberty Financial (WLFI).

“Passing the GENIUS Act without our anti-corruption amendment stamps a Congressional seal of approval on Trump selling access and influence to the highest bidder,” said Senator Jeff Merkley on X (May 22).

Trump Family Crypto Ties Under Fire

Trump and his three sons are linked to World Liberty Financial, which launched the USD1 stablecoin in March. Critics argue that Trump stands to personally benefit from legislation recognizing such stablecoins as official financial instruments.

A $2-billion investment in Binance, funded by an Abu Dhabi-based firm using USD1, could potentially generate profits for the Trump family via transaction fees.

While WLFI co-founder Zach Witkoff dismissed the allegations as “flawed,” Democratic lawmakers have called for investigations into these potential conflicts of interest.

More Than Just Stablecoins: The Memecoin Dinner Backlash

Democrats also took aim at a separate controversy: a private dinner hosted by Trump at his golf club on May 22 for up to 220 top holders of his personal memecoin.

• Senators Merkley and Warren, alongside Senator Chris Murphy and Public Citizen, held a press conference and are demanding Trump release the dinner guest list.

• Progressive advocacy group Our Revolution joined Public Citizen in protesting the event.

 “What is happening tonight — this private, secret dinner — in which individuals who have put money in Donald Trump’s pocket, get access to him, is maybe the most corrupt of all the corruption,” said Senator Chris Murphy.

Murphy further alleged the attendees could be buying access to influence national security policy—especially as many of them remain anonymous and some are reportedly foreign nationals.

📝 The proposed amendment to the GENIUS Act represents a major push to regulate not only stablecoins but also potential political conflicts arising from crypto adoption at the highest levels of U.S. government.

@ Newshounds News™
Source:  Cointelegraph

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Gold and the Great American Monetary Resets: From 1792 to Today

Gold and the Great American Monetary Resets: From 1792 to Today

by Nick Giambruno

Gold has been at the heart of the US monetary system since the nation’s founding, evolving from a direct anchor for the dollar to a strategic reserve asset.

Though it no longer backs the dollar, gold remains a cornerstone of central bank reserves, a discreet but powerful force in global finance.

Throughout American history, monetary resets have been a recurring theme—and more often than not, they have revolved around gold because gold is money.

Understanding this history isn’t just about the past—it’s about the future. And if history is any guide, another reset may be coming sooner than most expect.

1775: Continentals and the American Revolution

Before the Revolution, gold and silver coins were the backbone of trade in the American colonies.

When war broke out, the Continental Congress lacked the authority to levy taxes, forcing them to seek an alternative way to finance the war.

In 1775, Congress began issuing “Continental Currency”—the first fiat paper money in US history. These notes, known as “Continentals,” were supposed to be redeemable in gold and silver after the war, but that promise lacked credibility.

Continentals quickly became worthless amid hyperinflation. The phrase “Not worth a Continental” became synonymous with worthlessness.

By 1781, Continentals had lost over 99% of their value, and the US government effectively abandoned them, leaving holders with massive losses.

This disaster deepened distrust in fiat money and cemented the belief among the Founders that gold and silver must be the foundation of any stable monetary system.

1792: The Coinage Act and the Birth of the US Monetary System

After the disastrous failure of Continental Currency, the Coinage Act of 1792 created the first official US monetary system, ensuring stability by tying the dollar to both gold and silver.

Gold was set at $19.39 per ounce, while silver was also legal tender.

The Founders aimed to prevent another Continental-style collapse by anchoring the currency to hard money.

The First Bank of the United States (1791–1811)

The First Bank of the United States, the nation’s first central bank, was established under the leadership of Alexander Hamilton to stabilize the economy, issue a national currency backed by gold and silver, and manage federal deposits.

However, it quickly became a political flashpoint, facing fierce opposition from Thomas Jefferson and states’ rights advocates, who feared it concentrated too much financial power in the hands of the federal government.

When the bank’s 20-year charter expired in 1811, Congress refused to renew it.

The Second Bank of the United States (1816–1836)

In the wake of the financial chaos following the War of 1812, the US established another central bank, the Second Bank of the United States, in 1816.

Like its predecessor, it was designed to regulate credit, stabilize the currency, and hold federal deposits.

However, it quickly became a political lightning rod, particularly under President Andrew Jackson, who saw it as a corrupt institution that served elite interests at the expense of ordinary Americans.

Jackson vetoed its recharter in 1832, waged a successful campaign against it, and ultimately dismantled the bank in 1836.

Read entire article here:  https://internationalman.com/articles/gold-and-the-great-american-monetary-resets-from-1792-to-today/

Thursday Evening News with MarkZ. 05/22/2025

Thursday Evening News with MarkZ. 05/22/2025

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 evening Mark, mods and everyone

Member: What have you heard today Mark?

MZ: No updates from the banking side. From the bond side I had 1 of 3 check in……the update that I got was simply “money next week” with a thumbs up .

MZ: I don’t know what that means….or any details. But I will take that as positive.

Member: What are the chances of the RV being a float rather than a shotgun start?

MZ: I think slim to none but will not completely rule it out.

Member: Sudani said before his term ends they would bring the dinar back to its former Glory

MZ: His term ends in November. I think he will make this happen. But I do not believe we will be waiting that long.

Member: Barzani met with U.S. Deputy Secretary of the Treasury Bradley Smith in Washington on Thursday to discuss financial reforms and digital modernization efforts by the Kurdistan Regional Government!

MZ: “Iraq seals major oil deal with Chinese company”  International. We have been talking about all the deals they have signed with many countries.

MZ: “Iraq signs a contract with Russia’s Gazprom to raise oil and gas production rates in Badra field” Maximizing output. More output means more dollars.

Member: MARK Z. if Iraq is indeed doing international business, I wonder what exchange rate are they using?

MZ: ”90% of Iraq’s money supply is held outside of the banks” This is according to the Prime ministers advisor. This is massive . They do not want to let go of their currency. Why are they hoarding dinar? I think they know why they are hoarding.

MZ: I loved seeing this one from zerohedge: “Gold and the great American monetary resets from 1792 to today”  This is a great history lesson how every time we went to fiat….we had to reset.

MZ: I do have one small bank story this evening. “Mark, in April our small credit union in Louisiana shut down all its branches and all online access for software upgrades. We were warned for a month in case we needed to withdraw cash during their downtime. The day that the bank was reopened we went to the main branch to withdraw some cash. There was no one there…not a car in the parking lot. We drove to the drive-through and all the kiosks were gone. Just one big, brand new fancy ITM . Using my bank debit card- I inserted it to initiate the withdrawal. The screen noted the card description was in USD and processed the withdrawal as usual. I have never seen an ATM describe what currency my card was linked to. “

MZ: Some of the biggest hotel chains in the world are also setting up to take dinar, dong, rupiah and others. Why do you think this is?

Member: If you could guess Mark, what do you think is holding this up?

Member: Charlie Ward put out a clip that said the "Big Beautiful Bill" is a gateway to the RV. I pray he's right.

MZ: I agree that this bill could be the gateway to Nesara.

Member: Big Beautiful bill doesn't go to senate until July...hope we don’t need to wait for that ?

Member: As each day passes prolonging this, I find myself looking harder for my sanity.

Member: I don’t think this is being held up at all. I think we are just focusing on one of the many pieces in play. All is going according to perfection. It IS and has been moving very fast now. Imo

Member: Remember this is a 3 day weekend

Member: Take time this weekend to remember those that gave all for the Constitution

Member: Whaddya think...long weekend = RV ???

 Member” It could be a great memorial day weekend

Member: Have a Blessed Evening Mark, & Mods. y'all Awesome!!

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

https://rumble.com/user/theoriginalmarkz

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

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

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

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

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

FROM NOW ON NO MORE NIGHTLY PODCASTS ON MONDAYS AND FRIDAYS

Youtube:   https://www.youtube.com/watch?v=FaQES39st1Y

Seeds of Wisdom RV and Economic Updates Thursday Afternoon 5-22-25

Good Afternoon Dinar Recaps,

BRICS: STANDARD CHARTERED, DEUTSCHE BANK PREDICT US DOLLAR’S FUTURE

Amid the ongoing BRICS de-dollarization agenda, global leading banks Standard Chartered and Deutsche Bank have provided the latest insights on the US dollar’s future prospects.

The two banks remain bearish on the greenback due to various macroeconomic factors. These trillion-dollar institutions are now questioning the profitability of US-backed financial assets on a global scale.

The US-backed assets, especially the dollar, which was once the bedrock of all global finances, is slowly drifting away after BRICS kick-started the de-dollarization initiative, and Standard Chartered and Deutsche Bank are taking notice of the drastic changes that have occurred in the markets since three years ago.

BRICS: The US Dollar’s Future Is in Danger, Say Standard Chartered & Deutsche Bank

Standard Chartered and Deutsche Bank wrote in their latest report that the US dollar is in danger, not just from BRICS, but from everyone.

“The dollar weakness story is not over,” wrote Standard Chartered Global FX head Steve Englander. The strategist explained that the new trade policies have caused a long-term strain, eroding confidence in the White House.

Following Standard Chartered’s warning, Deutsche Bank wrote that the US dollar would face trouble not only from BRICS but from within.

Deutsche Bank analysts warned that Trump’s tax-cut bill would add $3 trillion to $5 trillion to the nation’s fiscal debt. This projection estimates that the extended debt could be added over the years.

As of May 2025, America’s debt stands at $36.2 trillion and is spiraling out of control.

“The combination of diminished appetite to buy US assets (from BRICS and others) and the rigidity of a fiscal process that locks in very high deficits is what is making the market very nervous (on the dollar),” wrote George Saravelos, Global Head of FX Research at Deutsche Bank.

Therefore, both Standard Chartered and Deutsche Bank are bearish on the prospects of the US dollar, as global demand weakens and fiscal instability intensifies.

@ Newshounds News™
Source:  Watcher Guru

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US LAWMAKER INTRODUCES ANTI-CORRUPTION BILL AHEAD OF TRUMP'S DINNER

Donald Trump is preparing to host up to 220 people at his golf club, with access tied to his memecoin purchases.

California Representative Maxine Waters, ranking member of the US House Financial Services Committee, has announced plans to introduce legislation “to block [Donald] Trump’s memecoin and stop his crypto corruption.”

In a May 22 notice, Waters said the Stop Trading, Retention, and Unfair Market Payoffs (TRUMP) in Crypto Act of 2025 bill would be aimed at blocking the US president, vice president, members of Congress, and their families from engaging in “crypto crime.”

The US lawmaker referred to Trump and his wife, Melania, issuing personal memecoins in January, his family launching a stablecoin, USD1, through the crypto platform World Liberty Financial, and the president attempting to establish a national Bitcoin reserve as his sons back a BTC mining venture.

“Donald Trump is preparing to dine with the top donors of his memecoin who’ve made him, and his family, richer,” said Waters, adding:

“Trump’s crypto con is not just a scam to target investors. It’s also a dangerous backdoor for selling influence over American policies to the highest foreign bidder.”

Waters’ bill was one of many actions announced to oppose the president’s dinner to reward memecoin holders. Senators Chris Murphy and Elizabeth Warren are expected to attend a press event with representatives for the consumer advocacy group Public Citizen, and two Democratic organizations are set to protest at the Trump National Golf Club outside Washington, DC, where the memecoin dinner will be held.

Majority of participants have stayed anonymous ahead of dinner

The number and names of attendees to the May 22 dinner were still largely unknown, but several revealed their intentions through social media and news outlets to apply for background checks and meet the president.

Bloomberg reported that more than half of the participants eligible for the dinner and “VIP Tour” — a separate experience limited to the top 25 memecoin holders — were likely foreign nationals.

Among those claiming to attend included:

• Tron founder Justin Sun

• Hyperithm co-CEO Oh Sangrok

• Kronos Research CIO Vincent Liu

• Synthetix founder Kain Warwick

Sun posted to X on May 21, showing himself appearing to gain access to the Eisenhower Executive Office Building in Washington, DC, part of the White House compound.

Addressing members of the press on May 22, White House Press Secretary Karoline Leavitt said Trump was attending the dinner “in his personal time.” 

She denied that the event would take place at the White House, despite the memecoin project’s website previously stating the top 25 holders would be eligible for a tour of the government building.

Since the launch of the TRUMP memecoin on Jan. 17, many lawmakers and industry figures — including some generally supportive of Trump’s policies — have criticized the project.

In a May 20 article, the Wall Street Journal Editorial Board called on the White House to disclose the names of those attending the dinner, adding that Trump would “help himself by calling off his Thursday gala.”

Two organizations behind the TRUMP token are tied directly to the president and control roughly 80% of the total supply, opening up the potential for a rug pull in the future. In the previous 24 hours, the price of the memecoin has risen more than 11%, to $15.76 from $14.13.

@ Newshounds News™
Source: Cointelegraph 

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Is Lending Money To Family Always The Right Thing To Do?

Is Lending Money To Family Always The Right Thing To Do?

Monique Danao   Thu, May 22, 2025  Moneywise

I’ve hustled hard to make something of myself. Now my sister, 29, wants to borrow money — again. What do I do?

Consider the case of Eric, a 33-year-old who is debt-free, owns his own business and lives comfortably after years of hard work and risk-taking. When his 29-year-old sister recently asked him to cover a few months of her rent, he said no.

Lending money to family: What could go wrong?

According to Lending Tree, 35% of Americans who lent money to family or friends reported negative consequences. These include hurt feelings (14%), decreased contact (11%) and resentment (10%).

Lending to family can also blur emotional lines. It’s one thing to help someone in a crisis. But if there’s no plan for repayment or accountability, it can easily lead to resentment.

A short-term favour can quickly shift the family dynamic and turn one sibling into a provider and the other into a dependent.

Financial help doesn’t equal financial handouts

Saying no to lending money doesn’t mean saying no to helping. Some forms of support can be more beneficial in the long run. Here are a few alternatives that might empower your sibling more than a temporary bailout:

• Offer to review their budget: Sometimes, all it takes is a fresh set of eyes to spot where money is going. Instead of offering cash, propose working together toward a goal like building an emergency fund.

• Help them apply for jobs or update their resume: A part-time job might not cover everything. Offer to help update their resume, practice for interviews, search for better opportunities or tap into your network on their behalf.

• Help them explore debt consolidation: If they’re overwhelmed by bills, consolidating the debt into a single, lower-interest payment might help them catch up.

• Set boundaries with conditions: If you choose to help in the future, consider setting clear expectations, like one-time assistance, partial repayment, or proof of an action plan.

• Connect them with a financial advisor or credit counsellor: If the situation is complex, a professional can offer tailored advice and help them build a sustainable plan to get back on track.

TO READ MORE:  https://news.yahoo.com/news/finance/news/ve-hustled-hard-something-myself-120300511.html

Gold Telegraph: Without Central Banks Monetizing Debt, the Entire System Cracks

Gold Telegraph: Without Central Banks Monetizing Debt, the Entire System Cracks

5-22-2025

Gold Telegraph  @GoldTelegraph

Suddenly the entire planet is watching Japan. We all have been watching this financial circus for years.

This cartoon I made from 9 months ago is starting to look like reality. Look at the bond market right now in Japan.

I have been sounding the alarm on Japan for years. I mentioned this on stage in Denver last year but Japan has literally socialized its financial system.

What was once unthinkable is now the model… Without central banks monetizing debt, the entire system cracks.

BREAKING NEWS: THE EUROPEAN CENTRAL BANK IS WARNING THAT A FUNDAMENTAL REGIME SHIFT COULD BE UNDERWAY AS INVESTORS RETHINK UNITED STATES ASSETS

The world is becoming awake.

“The ECB suggested that investors seem to be rethinking U.S. assets…”

Source: https://www.cnbc.com/2025/05/21/a-fundamental-regime-shift-could-be-underway-as-investors-rethink-us-assets-ecb-says.html

Gold is the anchor that reality ties to your ankle when you spend without restraint. Governments know this, that’s why they fear it. Because gold doesn’t negotiate… it exposes.

Japan printed itself into a corner. Now the world is watching its bond market and pretending to be shocked.

What did you expect when the central bank owned over half the debt? Why is this so hard to understand?

I wrote this nearly 2 years ago. Complete monetary confusion in Japan.

Gold Telegraph:   COMPLETE MONETARY CONFUSION IN JAPAN Japan's budget demand for the upcoming fiscal year is expected to reach a RECORD high of over $767 billion. The Japanese government has debt that's over twice the size of its economy. Largest amongst industrial nations. Japan is the third largest economy in the world. The Bank of Japan is in a deep, dark corner as they have created an illusionary financial market that is now distorted.

 ‣ Gold is right at record highs in Japan.

‣ The Japanese Yen's buying power sinks to a 53-year low.

‣ The country STILL has NEGATIVE interest rates.

‣ The Bank of Japan is purchasing government bonds at a RECORD pace this year.

 ‣ In May, The Bank of Japan reported an unrealized loss on its Japanese government bond holdings for the first time in 17 years

‣ The Bank of Japan holds 53% of outstanding Japanese government bonds.

 ‣ The Bank of Japan owns 6% of the entire Japanese stock market.

This is what flying by the seat of your pants looks like.

We recently discovered that the Bank of Japan is collaborating with 60 companies, including megabanks, regional lenders, Sony, Toyota, and East Japan Railway, on a pilot program to develop a digital yen.

 As I have often said: Gold is a hedge against stupidity. How much more strange can Japan get?

Source(s):  https://x.com/GoldTelegraph_/status/1925028897852105061

https://dinarchronicles.com/2025/05/21/gold-telegraph-without-central-banks-monetizing-debt-the-entire-system-cracks/

Thursday Morning Coffee with MarkZ. 05/22/2025

Thursday Morning Coffee with MarkZ. 05/22/2025

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 and Welcome home Mark……you were missed

Member: hoping you have some wonderful RV news for us today. We are coming up on a 3 day weekend…..is it the one we are waiting for?

Member: Eid al Adha coming on June 6 here. 4 day holiday

Member: do you still think some people have signed NDA’s?

MZ:  I know some people who have NDA’s, but  the overwhelming majority do not have them yet.

Member: my friend has been on NDA since end of January. this month makes 4 months. sold her house and went to west coast. off social media too.

MZ: She is very smart.

MZ: I am expecting a bond update/call from one of my contacts today between 2:00-3:00 est today.

MZ: No update from redemption center staff yet. But, I have many contacts to get through today.

Member: I wonder what ever happened to all the bondholders that were given money to fly to their destinations to handle their bonds.We don't hear anything about that anymore

Member: Reuters posted 3/25 that they were Modernizing their Payment system...sounds like QFS

Member: I wish we knew for sure that the QFS is even real????

Member: Majeed said Iraq passed. But, What is Iraq liberation act passed by Congress???!!?????????

Member: Do you expect Trump to sign EO13303 today to extend it?

Member: I thought the Prez already renewed that EO back on May 9th???

Mark z, I heard that the Vietnamese dong has revalued. is that a true statement?

MZ: I don’t know who started that rumor….but, imo it has not gone yet.

Member: Nader posted today saying people hoarding dinar causing cash flow problems

MZ: They are hoarding it for a couple of reasons. Lack of trust in the banking system and expectation of a higher value. Currency requires a flow.

MZ: “Kurdish Region sends the Federal Treasurys share of non-oil profits” They sent this in cash. Still working on electronic payment system. They are making great progress.

MZ: “Iraq and France discuss boosting economic ties”   Just another example how the world is embracing Iraq. Everyone wants to get their foot in the door before the bus takes off to prosperity.

Member: I wonder -will we will know the "when" ahead of time? Or will it come like a thief?

MZ: It will come like a thief in the night…imo. I think we will get close watching the signs that it is time to prepare…..but no one knows exactly when.

Member: So is Iraq in charge of flipping the switch or is it Trump?

Member: I heard we are waiting on audits for the Fed Reserve, US Treasury and Ft. Knox.

Member: will we see the RV this year?

MZ: I still think we will see the RV this year. We do not know the exact timing. But we always know its an inevitability. Historically we always transition from fiat back to asset backed.

Member: Trump is supposed to make big announcement on May 26 Memorial Day. Celebration to continue until July 4th 2026, the 250th birthday celebration!

Member: Phil G said crash and revaluation would start over weekend thru the week and starting on 26th???? Well Monday is the 26th????????

Member: I was told will not hit tier 4b till July 4th.Hope its wrong.

Member: I keep telling myself God is in charge of flipping this switch

Member: Happy Birthday to everyone celebrating today

StacieZ joins the stream at the end. Please listen to the replay for her information and opinions.

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

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

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

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

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

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

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

Youtube:    https://www.youtube.com/watch?v=je38gouPnVk

News, Rumors and Opinions Thursday 5-22-2025

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 Thurs. 22 May 2025

Compiled Thurs. 22 May 2025 12:01 am EST by Judy Byington

Judy Note on Exchange Appointment: It is my personal opinion, and I could be wrong, that exchange rates were set and non negotiable, that we could gain immediate access to our monies as soon as the currency was verified not to be a forgery and that no one but ourselves would see what’s in, or could gain access to our wallet (personal bank account on the QFS System). Also, we will be given a second appointment to explain our Humanitarian Projects and redeem Zim Bonds.

It’s official: as of Fri. 23 May 2025, Redemption Centers will (allegedly) begin processing live appointments under full GESARA protocol. …Nesara Gesara QFS on Telegram

Locations are tightly controlled. No drop-ins. You’ll receive your time slot via direct encrypted alert — be ready.

According to sources inside two U.S. Treasury branches, the schedule is already (allegedly) being populated with approved Tier 4B participants. This is the moment we’ve all prepared for.

What happens at a Redemption Center?

• You’ll confirm your identity through biometric authentication.
• Your ZIM, Dinar, and Dong holdings will be verified and exchanged at asset-backed rates.
• You’ll (allegedly) receive a digital quantum card tied directly to your sovereign QFS wallet.
• You’ll be briefed on post-exchange asset management, debt clearance, and project support funds.

Starting Mon. 26 May 2025 initial Redemption Centers in the U.S. and EU are expected to go live for private appointment scheduling. …Nesara Gesara QFS on Telegram

These centers are pre-designated quantum access locations for early adopters and pre-authorized individuals to transition into the QFS ecosystem.

Biometric scan entry

Currency exchange at fixed quantum rates

On-boarding to sovereign asset accounts

Immediate digital wallet deployment.

What’s key here? No banks. No third parties. No surveillance. Just a clean handshake between human and system.

Expect this phase to remain mostly silent in the media. But those with invites will know what to do. This is the real quiet before the financial storm.

The Greatest Financial and Political Shift in Modern History is Underway

The Global Currency Reset Has Been Released

Three More Days

Be Ready

Blackout

The World is Connected, is Watching.

TRUST THE PLAN

~~~~~~~~~~~~~~

Judy Note: The IRS is (allegedly) gone, the Federal Reserve collapsing and the Worldwide Quantum Financial System has been placed online.

President Trump has (allegedly) signed GESARA into law – the largest transfer of wealth in the history of the World – taxpayer monies stolen by globalist elite were being paid back to hard working people who answer only to a loving God.

The corrupt financial system was crumbling. The Federal Reserve, collapsing, the IMF and World Bank scrambling.

Read full post here:  https://dinarchronicles.com/2025/05/22/restored-republic-via-a-gcr-update-as-of-may-22-2025/

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

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

Frank26  This is actually happening.  I know it's late.  I know it's a constant delay but it really truly sincerely is happening...The articles keep screaming everything that [Boots on the ground Firefly's banking friend] Mr Sammy wants to tell us.  Mr. Sammy knows damn well that it's about to happen...Right now it's not a guessing game anymore.  It is a reality...The whole world is not coming to Iraq because of 1310.  These are exciting time for our investment.  That's my opinionated fact...  

Kaperoni   Though many people feel that they haven't seen any results,  significant improvements in Iraq include the central bank's efforts to transition to digital. The two-year plan to integrate the banking system with the global financial system is a critical step.

US Debt Downgrade Is A Much Bigger Deal Than You Think (Here's Why)

George Gammon:  5-21-2025

https://www.youtube.com/watch?v=nKXh7KAMyao

Moody’s Just Downgraded U.S. Debt - Here’s What it Really Means

Heresy Financial:  5-21-2025

https://www.youtube.com/watch?v=fnuTstJAk18

Iraq Economic News And Points To Ponder Thursday Morning 5-22-25

The Governor Of The Central Bank Participates In The First International Conference On Carbon Economics In Iraq.
 
May 21, 2025  His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq,
participated in the first international conference on carbon economics in Iraq,
as a key partner and supporter of combating climate change and reducing carbon emissions.
 
On the sidelines of the conference, His Excellency said in his speech:

The opportunity is ripe to contribute to preserving an environment that has been exhausted by wars and various pollutions,
 
mentioning a group of initiatives taken by the Central Bank of Iraq within a series of innovative solutions and measures that contribute to mitigating direct environmental challenges.
 
Among these solutions, the Central Bank,
in cooperation with the Supreme Committee for Lending in the Council of Ministers,
presented an initiative of (1) trillion dinars,
to
     shift from the use of traditional sources to renewable energy sources,
     reduce carbon emissions, and
     expand green spaces to achieve sustainable development. He added that
 
the Central Bank of Iraq, in cooperation with the World Bank,
worked to develop a green financing model and implement it within the financial sustainability roadmap approved by the Central Bank of Iraq for the period (2023-2029), and
 
one of its outcomes is the development of a sustainable financing roadmap for managing environmental, social, and governance (ESG) risks.
 
Revealing the commencement of granting specialized banking licenses to support climate and environmental conservation through financing green projects,
 
namely Riyada Bank and the Green Bank, and
work is underway to soon integrate these banks into the Iraqi banking ecosystem. He explained that
 
the Central Bank of Iraq has presented important projects, including the
 
     rehabilitation of brick factories to convert from polluting fuel (black oil)
     to cleaner fuel (liquid gas) to reduce carbon emissions,
 
as part of the trillion-dinar initiative, with an amount of 500 million dinars for each factory.
 
Announcing the Central Bank of Iraq's funding of waste recycling projects within the framework of the Renewable Energy Initiative,
 
the project aims to help reduce soil pollution, particularly in sanitary landfills.

This poses a future environmental risk,
impacting the type and quality of soil in housing, agricultural, and other projects.
 
His Excellency concluded by saying that he seeks to cooperate and offer initiatives in this field,
based on his belief in the bank's ability to
 
     create a better environment,
     increase community well-being, and
     overcome the environmental challenges surrounding Iraq.
    
    Central Bank of Iraq    Media Office   May 21, 2025     https://cbi.iq/news/view/2890 

2025 Budget: Government Advisor Outlines Spending Priorities And Plans To Address Trillion-Dollar Deficit

Time: 2025/05/21 Read: 2,430 times  {Economic: Al Furat News} The Prime Minister's financial and economic advisor, Mazhar Mohammed Salih, revealed important details related to the budget for the remainder of 2025 and the impact of global economic variables on the oil market.

In a press statement, Salih confirmed that "Iraq was able to sell its oil until the end of the first quarter of 2025 at an average price of $75 per barrel, which exceeds the price specified in the general budget law of $70."

He pointed to the paradox witnessed by the global oil market, as the OPEC+ group recently lifted its restrictions on member states' production, driven by a decline in global oil inventories. However, this increase coincided with the escalation of the trade war between the United States and China, and the subsequent imposition of customs tariffs, which produced signs of a recession in the global economy.

Salih explained that a 1% decline in economic growth leads to a half-percent decline in demand for crude oil and vice versa, noting that this has created a "downward oil asset cycle."

Regarding the Iraqi general budget for the rest of 2025, Salih indicated that it will operate according to the principle of "fiscal space," which is based on flexibility in controlling public expenditures.

He emphasized that priority in spending will be given to government salaries and wages, pensions, and social welfare, which affect the lives of eight million Iraqis. He also stressed the need to continue Spending on infrastructure projects remains uninterrupted, as they are linked to the government's development and reform agenda.

Saleh noted that the budget includes a hypothetical maximum borrowing limit of 64 trillion Iraqi dinars (about $1.5 trillion) to cover the deficit gap, out of an upper ceiling of 200 trillion dinars. He emphasized that the Ministry of Finance will borrow to finance the project when needed. LINK

Oil Prices Recorded A Slight Decline At Settlement

Wednesday, May 21, 2025 01:15 | Economic Number of reads: 456   Baghdad / NINA / Oil prices recorded a slight decline at the close of trading on Tuesday, due to the uncertainty surrounding the fate of negotiations between the United States and Iran and peace talks between Russia and Ukraine, while new government data presented a cautious outlook for the economy of China, the world's largest importer of crude oil.

Brent crude futures fell 16 cents, or 0.2 percent, to $65.38 a barrel at settlement, and US West Texas Intermediate (WTI) crude futures fell 13 cents, or 0.2 percent, to $62.56 a barrel. https://ninanews.com/Website/News/Details?key=1228151

Gold Prices Rise More Than 1% As The Dollar Continues To Weaken

Wednesday, May 21, 2025 05:14 | Economic Number of reads: 411  Baghdad/ NINA / Gold prices recorded a significant rise of more than 1% on Tuesday, supported by the continued weakness of the dollar amid uncertainty in global markets.

Spot gold rose 1.6% to $3,280.32 per ounce, while US futures rose 1.5% to $3,283.10.

As for other precious metals, platinum jumped 3.8% to $1,035.53, palladium rose 2.7% to $1,001.25, while silver rose 1.3% to $32.78 per ounce. / End https://ninanews.com/Website/News/Details?key=1228155

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

Seeds of Wisdom RV and Economic Updates Thursday Morning 5-22-25

Good Morning Dinar Recaps,

US LAWMAKER REINTRODUCES BILL AMID PUSHBACK ON TRUMP'S CRYPTO TIES

The US president's intention to host a dinner for people who purchased millions of dollars worth of his memecoin has contributed to slowing or halting crypto bills in Congress.

A Democratic representative in the US Congress will support a blockchain bill at a time when many left-leaning lawmakers are blocking crypto-related pieces of legislation due to concerns with President Donald Trump’s potential conflicts of interest.

In a May 21 notice, Minnesota Representative Tom Emmer said he had reintroduced the Blockchain Regulatory Certainty Act, a bill that “solidifies that digital asset developers and service providers that do not custody consumer funds are not money transmitters.” Emmer, a Republican, said Democratic Representative Ritchie Torres would co-lead the bill, making it a bipartisan effort in Congress.

“The Blockchain Regulatory Certainty Act reflects a thoughtful, bipartisan effort to get digital asset policy right,” said Torres. “While similar language was voted down in markup last Congress, we took that feedback seriously and returned with a smarter, sharper framework that protects innovation without compromising oversight.”

Representatives of advocacy organizations, including the Crypto Council for Innovation, Solana Policy Institute, Digital Chamber, Coin Center, DeFi Education Fund, and Blockchain Association, said they would support the proposed blockchain regulatory bill.

It was unclear whether Emmer and Torres had a majority of votes in the House of Representatives for the legislation to pass.

Torres has supported many bills and policies favorable to the crypto industry since assuming office in 2021. Together with Emmer, he has led the Congressional Crypto Caucus to advance crypto-friendly policies in the House since March.

A Bipartisan Blockchain Bill Amid Memecoin Concerns?

Other Democratic House members, including Representative Maxine Waters, have suggested they intend to block any legislation related to crypto and blockchain until Republicans address Trump’s connections to the industry, such as his family’s stake in World Liberty Financial and his TRUMP memecoin.

The president is planning to host a dinner with up to 220 people holding the most significant amounts of his memecoin on May 22.

@ Newshounds News™
Source:  Cointelegraph

~~~~~~~~~

MICHIGAN LAWMAKERS PROPOSE FOUR NEW CRYPTO-RELATED BILLS

The new Michigan bills would permit Bitcoin pension investments, bar state CBDC support, and offer tax breaks for crypto mining at oil sites.

▪️ Michigan lawmakers introduced four crypto-related bills, including HB 4510, which would permit public retirement funds to invest in Bitcoin via regulated exchange-traded products.

▪️ HB 4511 seeks to block state support for U.S. central bank digital currencies, banning any licensing, taxation, or official advocacy of CBDCs by state agencies.

▪️ Two companion bills, HB 4512 and HB 4513, promote Bitcoin mining at abandoned oil wells, offering tax breaks to companies that restore environmental sites in exchange for mining rights.

Four new crypto-related bills were introduced in the Michigan House late Wednesday, joining a growing trend of state-level efforts to define the role of digital assets in public policy.

Rep. Bill Schuette’s (R-MI) House Bill 4510 seeks to allow Michigan’s state treasurer to invest retirement funds in crypto, provided they averaged a market cap of at least $250 billion over the previous year and are held through exchange-traded products.

That threshold effectively narrows eligibility to Bitcoin, which soared past $111,000 on Wednesday and set a new all-time high amid renewed institutional interest.

Assets must be held through exchange-traded products issued by registered investment firms, ensuring regulatory oversight, according to HB 4510.

The next measure, House Bill 4511, introduced by Rep. Bryan Posthumus (R-MI), takes aim at the federal government’s push for central bank digital currencies.

The bill proposes a state-level ban on any licensing, taxation, or restriction of digital asset holdings, and outright prohibits state agencies from advocating for a U.S. CBDC.

“An agency or department of this state shall not advocate for or support... the testing, adoption, or implementation of a [CBDC],” the bill reads.

Meanwhile, Rep. Mike McFall (D-MI) introduced two companion bills, HB 4512 and HB 4513, focused on Bitcoin mining and tax reform.

One establishes a “Bitcoin Program,” allowing private firms to plug abandoned oil or gas wells in exchange for temporary rights to mine Bitcoin using residual fuel sources.

The other offers income and corporate tax deductions for revenue earned through such mining efforts, linking crypto directly to environmental remediation.

If passed, the program would be administered by the state’s Supervisor of Wells, who would maintain a public registry of eligible well sites, solicit annual bids, and ensure that participating miners carry financial responsibility for site restoration.

Michigan’s legislative push comes as several U.S. states race to either welcome or restrict crypto adoption.

Just hours earlier, the Texas House passed a bill to create a state-managed Bitcoin reserve, sending it to Governor Greg Abbott’s desk.

The bill would allow the state comptroller to invest in any digital asset with a market cap above $500 billion, currently only Bitcoin.

New Hampshire Governor Kelly Ayotte signed a similar bill into law earlier this month, making her state the first in the country to formally authorize crypto and precious metal investments for public funds.

@ Newshounds News™
Source:  Decrypt

~~~~~~~~~

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