Iraq Economic News And Points To Ponder Thursday Morning 6-5-25
Minister Of Trade: Iraq's Accession To The World Trade Organization Is A "Strategic Step"
Economy | 03/06/2025 Mawazine News - Baghdad - The Ministry of Trade confirmed, on Tuesday, that Iraq's accession to the World Trade Organization is a "strategic step."
Ministry spokesman Mohammed Hanoun told Mawazine News that "Minister of Trade Atheer Al-Ghurairi announced today that Iraq has made significant progress in its accession process to the World Trade Organization.
Minister Of Trade: Iraq's Accession To The World Trade Organization Is A "Strategic Step"
Economy | 03/06/2025 Mawazine News - Baghdad - The Ministry of Trade confirmed, on Tuesday, that Iraq's accession to the World Trade Organization is a "strategic step."
Ministry spokesman Mohammed Hanoun told Mawazine News that "Minister of Trade Atheer Al-Ghurairi announced today that Iraq has made significant progress in its accession process to the World Trade Organization.
" Hanoun added that "the minister explained that the national team responsible for completing the accession requirements has completed answering more than 450 technical questions submitted by the organization's members, which reflects Iraq's serious commitment and transparency in dealing with the requirements of this important international process."
Hanoun confirmed that the minister indicated that "the national team is fully prepared for the next round of meetings with the organization's General Secretariat and members of the working groups, and will represent Iraq with a unified position based on a national economic vision that seeks disciplined integration into the global economy."
+The minister also noted that "accession to the World Trade Organization constitutes a strategic step to support the business environment, stimulate investment, and develop productive sectors, especially industrial and agricultural, thus enhancing Iraq's economic position regionally and internationally."
Hanoun concluded, "The Minister reiterated that the Ministry of Commerce, in coordination with relevant ministries and institutions, will continue its technical and diplomatic efforts to ensure the best results in the service of the supreme national interest." https://www.mawazin.net/Details.aspx?jimare=262133
A Government Advisor Explains The Importance Of Increasing The Link Between Mineral Investment And The Development Of Manufacturing Industries
Economy | 04/06/2025 Mawazine News - Baghdad - The Prime Minister's Financial Advisor, Mazhar Mohammed Salih, explained today, Wednesday, that Iraq is moving towards diversifying its GDP sources by expanding investment in the mining sector, while stressing the importance of increasing the link between mineral investment and the development of national manufacturing industries.
Salih said in a statement followed by Mawazine News that "Iraq is moving towards diversifying its GDP sources by expanding investment in the mining sector, a sector that has been neglected for decades.
The government has signed memoranda of understanding with reputable international companies in the fields of mineral exploration and investment, especially in the fields of phosphate, sulfur, lithium and copper. This is within the framework of the strategic directions of the Iraqi government program to diversify sources of national income and optimally exploit the country's wealth."
He added, "Investment in the mining sector will contribute to attracting billions of dollars in fields ready for development, such as sulfur, phosphate, lithium, and other minerals."
He pointed out that "Iraq ranks first in the world in terms of the concentration of natural resources per square kilometer, and ninth in the world in the value of various natural resources, with an estimated value exceeding 16 trillion US dollars, according to published global estimates."
He explained that "the various reserves of land wealth constitute a diverse stock of minerals, foremost among which is phosphate: its reserves are estimated at more than 10 billion tons, and our country is second in the world in terms of reserves, and is concentrated in the Akashat area in Anbar Governorate. Second is free sulfur:
our country enjoys large reserves in Mishraq in Nineveh Governorate, which is considered one of the largest free sulfur fields in the world. The third is silica: in the Najaf region and western Iraq, and is used in the glass, electronics, and semiconductor industries. It is one of the most important and purest reserves in the world, according to published international estimates."
He continued: "Likewise, iron, manganese, copper, and gold are distributed across various regions of Iraq, especially in the Kurdistan Region and the western and central borders, except for southern Iraq, which possesses vast reserves of other rare natural resources."
He pointed out that "the policy of diversifying the national economy through the extraction and processing of mineral resources for national industries, and then adopting their export by maximizing (value-added chains) in manufacturing or semi-manufacturing industries, will add at least 10 percent to the GDP in the first phase."
He pointed out that "the percentage will then increase to form, over time, one of the pillars of diversifying national income sources, especially if the link between mineral investment and the development of national manufacturing industries grows, such as fertilizer, aluminum, glass, electronics, and battery industries related to renewable energy, in addition to the introduction of foreign capital, advanced technology and digital services, the provision of national job opportunities, and investment in the Iraqi people as a productive national energy." https://www.mawazin.net/Details.aspx?jimare=262148
Headed By The Prime Minister, The Higher Committee For Reconstruction And Investment Approves Several Projects
Economy | 04/06/2025 Headed by the Prime Minister, the Higher Committee for Reconstruction and Investment approves several projects. https://www.mawazin.net/Details.aspx?jimare=262166
For current and reliable Iraqi news please visit: https://www.bondladyscorner.com/
A Digital Tipping Error Gone Wrong
A Digital Tipping Error Gone Wrong
Victoria Vesovski Wed, June 4, 2025 Moneywise
California Woman Thought She’d Left A $5 Tip Until She Saw It Was $5,000 — and was told it couldn’t be voided
Americans have long grumbled about tipping culture — but now digital checkout screens are turning that frustration into full-blown financial disasters.
Sometimes, the issue isn’t just pressure to tip — it’s how easy it is to make a costly mistake. One in five Americans say they’ve accidentally tipped more than intended on digital checkout screens, according to an exclusive Opinium poll for DailyMail.com on tipping culture.
A Digital Tipping Error Gone Wrong
Victoria Vesovski Wed, June 4, 2025 Moneywise
California Woman Thought She’d Left A $5 Tip Until She Saw It Was $5,000 — and was told it couldn’t be voided
Americans have long grumbled about tipping culture — but now digital checkout screens are turning that frustration into full-blown financial disasters.
Sometimes, the issue isn’t just pressure to tip — it’s how easy it is to make a costly mistake. One in five Americans say they’ve accidentally tipped more than intended on digital checkout screens, according to an exclusive Opinium poll for DailyMail.com on tipping culture.
That’s exactly what happened to Linda Mathiesen. While buying CBD pain relief gel at a store in San Bruno, California, she accidentally tipped $5,000 on a $129.28 purchase.
Mathiesen said she meant to leave a $5 tip, but the payment terminal didn’t show a decimal point, so when she entered “5000,” the system took it — literally.
At first, the clerk at San Bruno Exotic told her the charge couldn’t be reversed. Then the story shifted — he claimed the shop never received the money. But Mathiesen’s bank statement showed otherwise.
“I’m just livid because I’m like I’m not going to pay $5,000 for something I never intended to happen,” Mathiesen told ABC 7 News.
A tipping error gone wrong
For Mathiesen, a $5,000 tipping mistake wasn’t just a moment of panic — it became a financial crisis. As a special education teacher living on a fixed income, she didn’t have the cushion to absorb the hit. With no emergency savings to fall back on, the charge was devastating.
And she’s not alone. According to the U.S. News survey, 42% of Americans have no emergency savings, despite experts recommending three to six months’ worth of expenses.
Mathiesen contacted Wells Fargo within five minutes of the transaction, but says the bank has done little to help, despite its promise of “zero liability protection” for promptly reported fraud.
The bank’s website says its “built-in protection features ensure that you won't be held responsible for unauthorized transactions, as long as they're reported promptly.” Yet, a year later, Mathiesen is still fighting to get the charge reversed.
"I busted out in tears,” she told ABC 7 News. "My son is graduating college next week ... and I can't even buy anything for him because I have $5,000 outstanding ... now it's $5,500!"
It’s not as rare as you’d think
Digital checkout screens may speed things up, but one wrong tap can turn a routine purchase into a nightmare
It happened to Vera Conner, too. The Georgia woman was ordering her usual No. 4 Italian sandwich at Subway — priced at $7.54 — when she accidentally left a $7,112.98 tip.
TO READ MORE: https://www.yahoo.com/finance/news/california-woman-thought-she-d-223000286.html
“Tidbits From TNT” Thursday Morning 6-5-2025
TNT:
Tishwash: The Central Bank directs banks not to suspend their work except by a decision from the Federal Government
The Central Bank of Iraq directed banks and financial institutions not to suspend their work except by a decision from the federal government, not by holidays granted by local governments.
Shafaq News Agency obtained a document signed by the acting deputy governor, Ammar Hamad Khalaf, and addressed to all authorized banks and non-banking financial institutions, which stated: “Based on Board of Directors Resolution No. (105) of 2025, it was decided that you (the general administration and branches) are committed to the official holidays determined exclusively by the federal government
TNT:
Tishwash: The Central Bank directs banks not to suspend their work except by a decision from the Federal Government
The Central Bank of Iraq directed banks and financial institutions not to suspend their work except by a decision from the federal government, not by holidays granted by local governments.
Shafaq News Agency obtained a document signed by the acting deputy governor, Ammar Hamad Khalaf, and addressed to all authorized banks and non-banking financial institutions, which stated: “Based on Board of Directors Resolution No. (105) of 2025, it was decided that you (the general administration and branches) are committed to the official holidays determined exclusively by the federal government
In order to ensure the smooth flow of banking and financial services provided to citizens, and due to the nature of the connection between the work of various financial institutions and the work of this bank.”
Under this decision, all banks and financial institutions must adhere to official working hours when there is a holiday granted by the local governments in Baghdad and other provinces. link
Tishwash: The Central Bank signs a training agreement with the British Council.
The Central Bank of Iraq announced today, Wednesday, the signing of a training agreement with the British Council.
Al-Yenk said in a statement followed by Al-Masry, “Under the patronage of the Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, the Central Bank of Iraq signed a training cooperation agreement between the bank and the British Council, in the presence of the British Ambassador to Iraq, Irfan Siddiq.
The agreement was signed on behalf of the Central Bank by the Director of the Human Resources Affairs Directorate, Falah Salim, and on the British side by the Director of the British Council, Ben Luton, and the Country Director of the British Council.”
He pointed out that "this agreement comes within the framework of enhancing joint cooperation between the two parties, aiming to develop the capabilities of Central Bank of Iraq employees in the field of the English language, through organizing specialized training courses in cooperation with the British Council, which contributes to raising linguistic proficiency and enhancing professional communication at the regional and international levels." link
**************
Tishwash: The Liquidity Problem: Between the Central Bank's Response and the Effects of the Rent Model
Dr. Haitham Hamid Mutlaq Al-Mansour
Macroeconomic policy faces a liquidity and financing problem that directly impacts various aspects of economic and living life. The roots of this problem lie in accumulated structural imbalances that make it difficult to achieve sustainable financial stability. The declining capacity of the productive base has limited the accumulation of fixed capital and the contribution of real non-oil sector output, favoring near-total reliance on oil revenues, which constitute more than 90% of state revenues, to pay for imports.
Because Iraq's traditional economic equilibrium cycle is virtually non-existent, liquidity management will be constrained by oil revenues. This situation makes the general budget's performance vulnerable to the shocks of fluctuating global oil prices, causing immediate financial crises manifested in the difficulty of financing projects and delayed payments for operational expenditures.
In the face of this challenge, the Central Bank's efforts to address it stand out through steps to reform the banking system and enhance banks' ability to manage liquidity by promoting financial inclusion, increasing banking sector productivity, creating a healthy competitive environment, and strengthening the banking system's ability to address risks.
To sustainably address the liquidity and financing shortages at the strategic level, real technical reforms and an investment-attractive climate are required. The future of liquidity, therefore, depends on the ability of macroeconomic policy to unshackle rents, implement radical reforms in financial management, stimulate productive sectors, and direct spending.
Therefore, the liquidity shortage represents a complex phenomenon that goes beyond a temporary shortage of liquidity. It reflects deep structural imbalances in the financial and monetary structure, which requires an analysis that explores its structural roots, as follows:
The expansion of government spending in multiple directions, the most dangerous of which is the continued and clearly flabby employment within government institutions, and the failure to control, rationalize, and discipline spending within the constraints of basic budget items. This requires a genuine boost to private sector growth and freeing it from the "crowding-out effect."
The rentier nature of the economy, its overwhelming reliance on rentier revenues in the general budget, and the limited diversification of revenue sources outside this sector have reinforced the budget's dependence on fluctuating revenues from this sector, leading to a persistent government deficit.
The banking system's reduced flexibility in stimulating savings and deposits, which in turn reduces the ability of Iraqi banks to absorb liquidity from individuals in the form of deposits and savings.
The limited stability of the investment environment due to bureaucracy and legal gaps discourages investors from investing in important sectors, particularly infrastructure projects, which can generate external savings for investment activity, increase real GDP growth rates, and raise the level of fixed capital formation.
Implications of the growth of the informal economy: The informal economy is estimated to represent approximately 34% of GDP in the parallel currency market, controlling approximately 40% of dollar transactions. This increases the leakage of liquidity outside the formal economy's income cycle, which is targeted by budget allocations.
Iraq's 2023 budget amounted to approximately 198.9 trillion dinars, with a deficit of 65 trillion dinars, while the 2024 budget reached 211.8 trillion dinars, with a deficit of 84 trillion dinars. The 2025 budget was allocated due to the decline in global oil prices. Iraq exports approximately 100 million barrels of oil per month, and its price fluctuates, ranging between $68 and $72 last year. During the first 11 months of 2024, oil revenues amounted to 119 trillion dinars, at a monthly rate of approximately 10 trillion dinars, which was used to cover operating expenses. This exacerbated the growing government deficit, which is reflected in limited liquidity to cover budget expenditures, leading to an increase in government debt as the deficit grows.
It can be concluded from the above that technical measures, despite their importance and rapid response in the monetary and financial sectors to address the liquidity problem, remain limited as a long-term strategy for sustainable financing unless they are accompanied by deep, gradual reforms in the financial and real sectors that address the roots of the structural crisis and create a new formulation for the development financing approach. This approach works to develop a path for generating added value for the non-oil GDP and planning policies to develop this sector, increasing its productivity and exports while reducing imports by the same percentage.
The future of long-term development financing in Iraq depends on the economic system's ability to recover from a "rentier model" to a "diversification model." link
Mot: Finally - Ya Gets to Retire... Sleep in Late, Play Golf! -- then this Happens
Mot: Why I Asked!!! --- Why ????
MM & Crew: Iraq Dinar Update-World Trade Organization-Global Economy- Kurds Oil & Gas Law-Budget tables 2025
MM & Crew: Iraq Dinar Update-World Trade Organization-Global Economy- Kurds Oil & Gas Law-Budget tables 2025
6-4-2025
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
Be sure to listen to full video for all the news……..
MM & Crew: Iraq Dinar Update-World Trade Organization-Global Economy- Kurds Oil & Gas Law-Budget tables 2025
6-4-2025
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
Be sure to listen to full video for all the news……..
Iraq Economic News And Points To Ponder Wednesday Evening 6-4-25
Economist: The Decline In The Dollar Exchange Rate Reflects The Strength Of The Iraqi Dinar
Time: 2025/06/04 Reading: 1,920 times {Economic: Al Furat News} Economic expert, Duraid Al-Anzi, confirmed that the recent decline in the dollar exchange rate is an indicator of the strength of the Iraqi dinar and means that prices may fall, but this decline is modest and fluctuates between rising and falling.
Economist: The Decline In The Dollar Exchange Rate Reflects The Strength Of The Iraqi Dinar
Time: 2025/06/04 Reading: 1,920 times {Economic: Al Furat News} Economic expert, Duraid Al-Anzi, confirmed that the recent decline in the dollar exchange rate is an indicator of the strength of the Iraqi dinar and means that prices may fall, but this decline is modest and fluctuates between rising and falling.
Al-Anzi told Al Furat News Agency, "The government, in general, does not impose its control over prices, as they vary from one region to another without government intervention."
He added, "The recent decline in the dollar was not due to practical economic reasons or any action by the government or the Central Bank to lower the dollar price, but rather due to market exchange."LINK
A Slight Decline In The Dollar Price In Local Markets With The Closing Of The Stock Exchange.
Wednesday, June 4, 2025 | Economic Number of readings: 24 Baghdad / NINA / The dollar prices decreased slightly in the markets of Baghdad and Erbil, this evening, with the closing of the stock exchange.
The dollar prices recorded 141,250 dinars for $100 at the close of the Al-Kifah and Al-Harithiya stock exchanges, while this morning it recorded 141,300 dinars for $100.
While the selling prices in exchange shops in the local markets in Baghdad stabilized at 142,250 dinars for $100, and the purchase price was 140,250 dinars for $100.
In Erbil, the dollar also decreased, as the selling price reached 141,200 dinars for every $100, and the purchase price was 141,000 dinars for $100. https://ninanews.com/Website/News/Details?key=1231813
After The Dollar... Gold Prices Fall In Baghdad
Economy | 04/06/2025 Mawazine News – Baghdad Foreign and Iraqi gold prices have decreased in local markets in Baghdad.
Gold prices in the wholesale markets on Al-Nahr Street in Baghdad this morning recorded a selling price of one mithqal of 21 karat Gulf, Turkish and European gold at 666,000 dinars, and a purchase price of 662 dinars. Yesterday, Tuesday, prices were recorded at 669,000 dinars.
The selling price of one mithqal of 21 karat Iraqi gold was recorded at 636,000 dinars, and a purchase price of 632,000.
As for gold prices in jewelers' shops, the selling price of one mithqal of 21 karat Gulf gold ranges between 670,000 and 680,000 dinars, and the selling price of one mithqal of Iraqi gold is between 640,000 and 650,000 dinars. https://www.mawazin.net/Details.aspx?jimare=262152
Despite The Global Decline In Oil Prices, Basra Crude Prices Rose.
economy | 04/06/2025 Muzine News - Follow-up Basra Heavy and Medium crude oil prices rose on Wednesday, despite the decline in global oil prices.
Basra Heavy crude rose by 99 cents, or 1.64%, to reach $61.41 per barrel, while Basra Medium crude also rose by 99 cents, or 1.56%, to reach $64.36 per barrel.
This rise comes despite the decline in global oil prices, as Brent crude futures fell to $65.40 per barrel, and US West Texas Intermediate crude fell to $63.16 per barrel.
The global decline is attributed to concerns about increased production by the OPEC+ alliance, in addition to tensions related to tariffs that threaten the global economic outlook, while concerns about Canadian supplies provided support for prices. https://www.mawazin.net/Details.aspx?jimare=262144
For current and reliable Iraqi news please visit: https://www.bondladyscorner.com/
Frugal Tips to Help You Spend Less and Live Better in 2025
Frugal Tips to Help You Spend Less and Live Better in 2025
May 7, 2025 by Rudri Patel
Want to save money without giving up the things you love? It may feel overwhelming at first, but taking small micro steps will definitely help you spend less.
These practical frugal living tips help you cut expenses, reduce waste and take back control of your budget — all without feeling like you’re depriving yourself.
Frugal Tips to Help You Spend Less and Live Better in 2025
May 7, 2025 by Rudri Patel
Want to save money without giving up the things you love? It may feel overwhelming at first, but taking small micro steps will definitely help you spend less.
These practical frugal living tips help you cut expenses, reduce waste and take back control of your budget — all without feeling like you’re depriving yourself.
How To Start Living Frugally (Beginner Tips)
If you’re just starting your journey of frugal living, where do you start? Here are a few tips for beginners:
Cut one bill. Try to cut out one subscription or lower the cost of one of your bills. Call your cable company, internet servicer or phone company to see if you can negotiate on the price.
Track every dollar. Understand where your money is going. Use a notebook or an app to track your spending. This will give you a sense of where you need to cut spending.
Cook more at home. Try to make meals at home to prevent spending money dining out.
12 Frugal Living Tips to Help You Save Money
Frugal living isn’t about depriving yourself — it’s about making intelligent choices that boost your savings without sacrificing your quality of life. These 12 frugal tips are designed to guide you through various aspects of your daily spending, showing you where you can cut costs and how to make the most of your budget.
From smart shopping strategies to efficient home management, these tips provide a roadmap to a more financially savvy and sustainable lifestyle.
Frugal Home Habits
Use coupons, cashback apps and loyalty programs
Coupons can help save money, and loyalty programs can earn you discounts on various products. Cashback apps return a portion of your spending back to you.
Plan your meals
Meal planning is an effective way to minimize food waste and save money. By planning your meals for the week, you can buy only what you need, reducing impulse purchases and ensuring that you use up the food you buy, thus saving money on groceries.
Embrace energy efficiency
Investing in energy-efficient appliances and practices around your home can lead to significant savings on utility bills. Simple changes like switching to LED bulbs, using energy-efficient appliances and better insulating your home can reduce your energy consumption and save money in the long run.
Smarter Shopping and Spending
Shop off-season
Buying off-season items can save a lot of money. For example, buying winter clothes at the end of the season or getting holiday decorations after the holiday has passed can lead to significant discounts.
TO READ MORE: https://www.gobankingrates.com/saving-money/savings-advice/frugal-tips/
Evening News with MarkZ. 06/04/2025
Evening News with MarkZ. 06/04/2025
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- Oh boy are the boards lit up with rumors!!!
Member: I am afraid to look away because I might miss something!
Evening News with MarkZ. 06/04/2025
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- Oh boy are the boards lit up with rumors!!!
Member: I am afraid to look away because I might miss something!
Member: TNT Tony said the new rate was announced from two sources in the Masques tonight $1.38 in country
MZ: Unfortunately none of my sources in the country agree with that. But, I hope he’s right.
Member: I had a local bank in Oklahoma City say they could exchange the money they send it out. It takes six weeks. Sounds funny to me.
MZ: I’m going to tell a bank story but won’t give details so I don’t get anyone in trouble. This is from a Credit Union. The source is someone I know in my personal life.
MZ: “Yesterday I got a call from a credit Union in Tennessee. They let me know they are a Redemption Center for all currencies except for Russian. I asked her “when”? and she said “soon” She said That is why we called you now to let you know we are trained and ready. I specifically asked if the dinar and dong are included and she said “yes” . At the end of the conversation I asked if all we were waiting for is 800 numbers to make an appointment? She said Yes- I know you are. Her excitement was amazing”
MZ: A couple of folks that work for Credit Unions have made the comment that they were recently trained.
Member: I love a good bank story
MZ: Seeing the tellers and staff in regional banks and CU’s being trained makes me excited.
Member: My Credit Union has a sign saying “We have blockchain”
Member: I wonder if all the little local credit union banks in small towns know about the QFS now ??????
Member: My credit union and my Chase Branch both said they are prepared for the new currency to roll out.
MZ: They have a bunch of different names for it. But I have yet to hear a bank specifically refer to it as a QFS. QFS is a term we came up with. Keep in mind banks may call it something different.
Member: If it happened this weekend like bond contacts think, when would groups get paid?
Member: I wonder if lower notes are coming out of the ATMs in Iraq yet?
Member: If they are- I would think we would know.
MZ: “ PM advisor: Iraq’s natural resources are worth more than $16 trillion” They are laying the ground work for a revaluation with the public.
Member: Could it be banks not being ISO20222 compliant is part of our hold up? I read that somewhere around 75% are struggling to get compliant.
Member: Why do you think we haven't heard anything from the Fort Knox audit?
Member: Maybe there is no gold in there?
Member: So excited for things to shift for us all. Could this be our week? I have the feeling it could..
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
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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
Greg Weldon: We have Crossed the Debt Macro Event Horizon
Greg Weldon: We have Crossed the Debt Macro Event Horizon
Palisades Gold Radio: 6-4-2025
Tom welcomes back Greg Weldon, a seasoned financial market veteran and publisher of 'The Global Macro Strategy Report' .
They discuss the critical themes shaping the global economy in 2025. Highlighting Scott Bessent's remarks, Weldon explains that the U.S. government will never default on its debt, and instead will perpetually devalue the currency to service its obligations.
He warns that the country has however crossed a "macro event horizon," where it is trapped in a gravitational pull of debt that grows unsustainably relative to GDP.
Greg Weldon: We have Crossed the Debt Macro Event Horizon
Palisades Gold Radio: 6-4-2025
Tom welcomes back Greg Weldon, a seasoned financial market veteran and publisher of 'The Global Macro Strategy Report' .
They discuss the critical themes shaping the global economy in 2025. Highlighting Scott Bessent's remarks, Weldon explains that the U.S. government will never default on its debt, and instead will perpetually devalue the currency to service its obligations.
He warns that the country has however crossed a "macro event horizon," where it is trapped in a gravitational pull of debt that grows unsustainably relative to GDP.
Weldon points to $54 trillion in combined public and household debt—186% of GDP—as evidence of this precarious situation.
With foreign buyers losing appetite for U.S. assets, the Fed may become the last resort buyer of Treasuries, perpetuating the cycle of money printing. He notes that foreign ownership of U.S. bonds remains low, leaving domestic institutions to absorb much of the burden.
The conversation delves into inflation and its drivers. Weldon argues that while energy prices remain subdued due to base effects, food inflation and service sector pressures pose significant risks.
He also questions whether higher inflation expectations can be anchored, given the Fed's challenges in balancing monetary policy with economic growth.
Weldon predicts that the Fed will increasingly prioritize preventing debt deflation over controlling inflation, leading to further dollar depreciation.
Weldon expresses skepticism about a gold-backed dollar or bond solution, noting that U.S. gold reserves are insufficient to cover deficits meaningfully. Instead, he highlights gold and silver as potential beneficiaries of currency debasement, with silver poised for a breakout after years of underperformance.
He also touches on global trends, such as Europe's rise as a safer haven and the BRICS nations' growing interest in dollar system alternatives.
Ultimately, Weldon paints a picture of a world teetering on debt-driven instability, where central banks are forced to choose between reflating economies or facing collapse.
Time Stamp References:
0:00 – Introduction
0:45 - Bessent & Default Risk
4:55 - Moody's Downgrade
7:12 - U.S. Debt Refinancing
9:40 - Foreign Debt Buyers?
12:20 - Japan's Bond Issues
15:03 - Solutions & Gold Std?
16:55 - Equities & Silver
20:30 - The Fed Catch 22
24:25 - Fwd Inflation Drivers?
27:54 - Debt Saturation & Ceilings
34:50 - Polarization & Extremes
38:50 - Wrap Up
Bruce’s Big Call Dinar Intel Tuesday Night 6-3-25
Bruce’s Big Call Dinar Intel Tuesday Night 6-3-25
Transcribed By WiserNow Emailed To Recaps
Welcome everybody to the big call tonight. It is Tuesday, June 3rd and you're listening to the big call. Thanks for tuning in. Here we are. We're back for more, and we hope that everybody is tuned in and ready to receive what everything we have to share with you on the call tonight
So let's get into where we are on Intel. See if I could come up with an idea for you guys. I saw five days since last Thursday until tonight - Tuesday night. So there's a lot of things that have happened, and sometimes what really matters is the last day or two information. I get it every day, but some of it is more relevant than others.
Bruce’s Big Call Dinar Intel Tuesday Night 6-3-25
Transcribed By WiserNow Emailed To Recaps
Welcome everybody to the big call tonight. It is Tuesday, June 3rd and you're listening to the big call. Thanks for tuning in. Here we are. We're back for more, and we hope that everybody is tuned in and ready to receive what everything we have to share with you on the call tonight
So let's get into where we are on Intel. See if I could come up with an idea for you guys. I saw five days since last Thursday until tonight - Tuesday night. So there's a lot of things that have happened, and sometimes what really matters is the last day or two information. I get it every day, but some of it is more relevant than others.
So where we are now, just to bring you up to speed, we have information that came in yesterday that said 11 o'clock yesterday morning. It was put as 1100 hours. That's 11am at 1100 hours yesterday the let's see. How does it work? I'm trying not what it was said.
All of the NESARA aspects to NESARA were instigated, implemented - so yesterday showed that NESARA at least these organization and implementation of those various aspects were completed 11 o'clock yesterday morning.
We also heard that from about some of the banks that were sort of renegade banks, and a number of the bank actually sold to the Big Five, tier one banks, and then they had to decide which branches to use and which they didn't.
There was about 65% of these banks that were sort of renegade of all banks that were picked up by Wells Fargo, Bank of America, Citi, Chase and and Truist in the US. And so they got all those banks back and It took a while to get them online with the QFS system, the Starlink system, the FinTech system and the blockchain technology, but all of those were finally synced as of 6 pm yesterday, which was Monday 6pm Monday night.
Everything's interconnected throughout the globe, really, not just in the US, but everywhere, all these banks that had not yet connected to the QFS because, oh, the people that own these banks said, Oh yeah, we're going to do that. Oh yeah.
Well, they missed their deadline, and they had no intention of hooking up to the system. They just wanted everything to run like it always has, and that's where the trouble was. That's why we didn't go – yet - that aspect of everything has been complete that’s the good news
Now what about is going on -- We heard today that okay, I'll Bring this up. We had we heard today that there is activity going on. And I did hear a little bit of this on one America news tonight, but I'm not supposed to share what I'm not going to share with you, so I won't, but I'll say this much there are certain cases that are being heard by the Supreme Court, and we'll see what happens with those cases.
But as a result of that, we understand that we're going to be getting notified either Friday or Saturday of this week. It really takes Wednesday and Thursday out of the loop for our notifications, what we're waiting to hear. The other thing is, what's interesting is that there is a pre recorded announcement that President Trump has made, and it's hard to say because we don't know what it's going to be about.
We did guess that it could be about NESARA It could be something to do with our new currency, we just we could go eight or 10 different directions, but that particular announcement is pending, meaning it could come anywhere from Wednesday, Thursday, Friday. It's pending, but they are planning to air that announcement using the EBS, the Emergency Broadcast System. It’s a big deal
Question is, well, when is that announcement going to be aired on the EBS is ending? We don't know, but we'll stand by for that. Or, as the lady sent Bob that the text, she said, stay tuned. Well, we're going to need to stay tuned see what, what happens with that
The other thing is, talking with and we have, we have fewer and fewer and fewer sources that are able to get in touch with us, 80, maybe even 90% of our contacts had to sign brand new NDAs.
So it's hush hush with a lot of our sources, but we did hear from one source that said that he does not go back in. And he's the head of the redemption center in this area, and he said he does not go back in until noon on Friday.
So in other words, he's not even going in Wednesday or Thursday. Now that's interesting, in the sense that noon Friday it could be – I’m just saying could be a possibility – that we receive notifications, Friday afternoon, set appointments, and start exchanges on Saturday, that's what we hope because we have heard, we expect to get started this week -- Well. And the same person said that the rates on the screens that have come up yesterday were amazing, and we'd be happy with that
Yesterday, the .. it’s not an application code, but it's a code that is put in for every currency, whether it goes up, whether it's staying the same, or whether it's dropping in value going down. And there are over 100 currencies that needed to have this particular code – the code is different for each currency that code had to be put in, and that got completed yesterday at 6pm so all of those are entered, all of those are good. Rates are up.
They were fluctuating before, but they solidified as of yesterday, and we've got amazing rates, and everything's really good to go for us So that is very exciting,
I’mtrying to think if there was anything else that made a difference in us, or what are different Redemptor you know about. You know, for example, that the Zim is only redeemable through the redemption centers. And you know that the banks have certain rates that will be higher at the redemption on dinar is only available through that will be higher at the redemption centers.
So what I'm saying is there are some people still out there saying there are no such thing as redemption centers. There's no such thing as 800 Numbers. Well, that's not true. The reason is we know people, at least eight people, that are leaders in redemption centers in various parts of the United States and Canada for that matter.
Yes, Canada - the two, we know people that are over six, eight and even 10 redemption centers as leaders in those countries, the US and Canada, so and we know that there's a toll free number and to use to get an appointment set for going in to the redemption center. So if you read something that says that's not true, ask yourself, is this person compensated by banks to deter you from using a redemption center? Is that what's going on? Well, I can tell you in a couple cases, it is.
Now I'm going to suggest after the redemption center is closed, and let's say we go through the entire month of June with centers.
I think that's very possible. A lot of areas will some areas won't need to but after redemption center follows, you'll be able to send at the banks, but not until and it will only be a few bags. Wells, Chase closes -
They are not pen yet for us, but they'll be open and they'll stay open for probably 14 – 15 days maybe some longer. So just the word to the wise
There are no drop ins on the redemption centers. They don't want you there more than 10 minutes early for your appointment. Just being too early is as bad as being late, so just try to get there within minutes of your appointment time. Simple as that, I'm excited because I think we finally have come to the end of a lot of different things, just kept us from going already.
Maybe there's always that one more thing, that one more thing. I've been told that everything's on autopilot. I've been told that it's all based on, well, let me just say it this way. I think it is on autopilot, and I think things are moving right along and at the right time when the proper algorithms are met then everything will get released. That's what I've been told. I think that's true.
And I think that is pretty much everything that I wanted to say, close. And I think I'd like to go ahead and pray out the call, and then we'll take it from there.
Well guys, we will see you, and I'll let you know if we've moved along further toward our goal of getting numbers and getting into the redemption service. God bless you. God bless you all.
Bruce’s Big Call Dinar Intel Tuesday Night 6-3-25 REPLAY LINK Intel Begins 1:06:00
Bruce’s Big Call Dinar Intel Thursday Night 5-29-25 REPLAY LINK Intel begins 1:29:00
Bruce’s Big Call Dinar Intel Tuesday Night 5-27-25 REPLAY LINK Intel Begins 1:15:15
Bruce’s Big Call Dinar Intel Thursday Night 5-22-25 REPLAY LINK Intel begins 1:18:40
Bruce’s Big Call Dinar Intel Tuesday Night 5-20-25 REPLAY LINK Intel Begins 1:11:00
Bruce’s Big Call Dinar Intel Thursday Night 5-15-25 REPLAY LINK Intel begins 1:02:30
Bruce’s Big Call Dinar Intel Tuesday Night 5-13-25 REPLAY LINK Intel Begins 1:01:01
Bruce’s Big Call Dinar Intel Thursday Night 5-8-25 REPLAY LINK Intel begins 1:02:40
Bruce’s Big Call Dinar Intel Tuesday Night 5-6-25 REPLAY LINK Intel Begins 1:10:30
Bruce’s Big Call Dinar Intel Thursday Night 5-1-25 REPLAY LINK Intel begins 57:07
Iraq Economic News And Points To Ponder Wednesday Afternoon 6-4-25
Central Bank Of Iraq: No Shortage Of Liquidity, And Foreign Exchange And Gold Reserves Are On The Rise.
June 2, 2025 Baghdad/Iraq Observer The Central Bank confirmed on Monday that liquidity is fully available, while noting that reserves have exceeded $100 billion.
“Liquidity is fully available, whether in Iraqi dinars or US dollars, and there is no shortage in this regard,” said Mohammed Younis, the bank’s general manager of investments, in a press statement monitored by the Iraq Observer.
Central Bank Of Iraq: No Shortage Of Liquidity, And Foreign Exchange And Gold Reserves Are On The Rise.
June 2, 2025 Baghdad/Iraq Observer The Central Bank confirmed on Monday that liquidity is fully available, while noting that reserves have exceeded $100 billion.
“Liquidity is fully available, whether in Iraqi dinars or US dollars, and there is no shortage in this regard,” said Mohammed Younis, the bank’s general manager of investments, in a press statement monitored by the Iraq Observer.
He pointed out that “the Central Bank’s reserves have exceeded $100 billion, in addition to Iraq’s large gold reserves, exceeding 163 tons.” Younis added,
"The Central Bank
is not an investment entity, but rather
is responsible for managing Iraq's foreign exchange reserves," explaining that
"the goal of these reserves is not to generate profits,
but rather to ensure reasonable returns." He continued,
"The reserve
is managed according to well-thought-out policies based on high security standards, and
is invested in safe financial instruments that generate acceptable returns." He emphasized that
"Iraq is on a sound economic path." https://observeriraq.net/المركزي-العراقي-لا-شحّة-في-السيولة-واح/
Al-Ghariri: Iraq Is Getting Closer To Membership In The World Trade Organization.
Tuesday, June 3, 2025 | Economic Number of readings: 7 Baghdad/ NINA / Minister of Trade, Atheer Al-Ghariri, announced that Iraq has made significant progress on its path to joining the World Trade Organization, stressing Baghdad's serious commitment and transparency in meeting the requirements of this important international process.
Al-Ghariri explained in a statement that "the national team tasked with completing the accession requirements has completed answering more than 450 technical questions submitted by the organization's members, which reflects Iraq's commitment to achieving this strategic goal."
The minister added, "The national team is fully prepared for the next round of meetings with the organization's General Secretariat and members of the working groups," stressing that
Iraq will be represented with a unified position based on a national economic vision aimed at orderly integration into the global economy. Al-Ghariri pointed out that
"joining the World Trade Organization represents a strategic step to
support the business environment,
stimulate investment, and
develop productive sectors, particularly industrial and agricultural sectors, which
will enhance Iraq's economic standing regionally and internationally." He continued:
"The Ministry of Commerce, in coordination with the relevant ministries and institutions,
will continue technical and diplomatic work to ensure the best results that serve the supreme national interest." /End 8 https://ninanews.com/Website/News/Details?key=1231649
For current and reliable Iraqi news please visit: https://www.bondladyscorner.com/
Thoughts From Ariel Part 2 Wednesday 6-4-2025
Ariel: Iraqi Dinar Update: Are You Feeling Lucky Today? (Think You Can Keep Up?)
Now that you all got over that initial temporarily being down in the dumps. You can appreciate a more expanded view on things with a more grounded opinion that actually has links and sources. Something you all should value a lot more.
This is one reason why I posted the 1st Iraqi Dinar Update. Because it was all opinion based with nothing to substantiate it. Which is something you should all welcome but also question.
But you immediately went into reactionary mode. Something I have always told you not to do under any circumstances.
Ariel: Iraqi Dinar Update: Are You Feeling Lucky Today? (Think You Can Keep Up?)
Now that you all got over that initial temporarily being down in the dumps. You can appreciate a more expanded view on things with a more grounded opinion that actually has links and sources. Something you all should value a lot more.
This is one reason why I posted the 1st Iraqi Dinar Update. Because it was all opinion based with nothing to substantiate it. Which is something you should all welcome but also question. But you immediately went into reactionary mode. Something I have always told you not to do under any circumstances.
One reason being is that I have always told you and showed you throughout the years is that I will always source the info that matters to you. I may not do it so much with the more conspiracy oriented topics. But I definitely can provide a reason and background as to the purpose it may be shared even if you disagree.
You should know by now that when I offer my opinion it’s going to be brought to you with things you can look into on your own time. Never outsource your discernment to people you do not know. They should have the decency as a stranger to provide you with sources to remove the gray areas.
So shall we begin?
Surge in Foreign Investment Interest
Iraq’s recent economic strides have caught the attention of global investors, setting the stage for a swift IQD revaluation following the Oil & Gas Law’s passage, as foreign capital inflows often necessitate a stronger, internationally accepted currency; for instance, on June 2, 2025, Bloomberg reported that major hedge funds, including BlackRock, have begun exploring Iraqi oil bonds, anticipating a 20% return post-law passage (https://www.bloomberg.com/news/articles/2025-06-02/blackrock-eyes-iraq-oil-bonds).
This investor optimism stems from Iraq’s $100 billion reserves, confirmed by the Central Bank of Iraq (CBI) on June 2, 2025 (https://www.cbi.iq/news/view/2500), which provide a safety net for currency reform.
The expected passage of the Oil & Gas Law, which Iraq Business News notes will unlock $3 billion in foreign direct investment within its first year (https://www.iraq-businessnews.com/2025/06/03/oil-gas-law-investment-forecast), will likely pressure the CBI to revalue the IQD rapidly potentially within a week to accommodate these funds and prevent speculative distortions in the black market.
Stabilization of Iraq’s Banking Sector
The stabilization of Iraq’s banking sector, a critical prerequisite for currency revaluation, has gained momentum in 2025, with reforms directly supporting a rapid IQD adjustment; the World Bank, in its June 2025 Iraq Economic Monitor, highlighted that non-performing loans in Iraqi banks dropped to 8% from 15% in 2024, thanks to stricter regulations (https://www.worldbank.org/en/country/iraq/publication/iraq-economic-monitor-june-2025).
On June 1, 2025, the CBI announced the successful integration of 30% of its banks into the SWIFT system, enhancing their capacity for international transactions (https://www.cbi.iq/news/view/2499).
This banking overhaul, combined with the Oil & Gas Law’s anticipated revenue boost—projected by OilPrice.com to add $2.5 billion monthly to Iraq’s coffers (https://oilprice.com/Energy/Crude-Oil/Iraq-Oil-Gas-Law-Revenue-Projections-2025.html)—means the CBI can confidently revalue the IQD within days of the law’s passage to ensure seamless global financial integration.
Regional Economic Pressures and Opportunities
The shifting regional dynamics in the Middle East, particularly Iran’s weakened position, create both pressure and opportunity for Iraq to revalue its currency swiftly; Iran’s oil production fell by 300,000 barrels per day in May 2025 after Israeli airstrikes, as per a June 2025 EIA report (https://www.eia.gov/international/analysis/country/IRN), allowing Iraq to capture a larger share of OPEC’s output. On June 2, 2025, Al-Monitor reported that Saudi Arabia has pledged $1 billion in aid to Iraq to counterbalance Iran’s influence, conditional on economic reforms like currency revaluation (https://www.al-monitor.com/originals/2025/06/saudi-aid-iraq-iran-counter). With the Oil & Gas Law set to pass by mid-June 2025, enabling Iraq to export an additional 500,000 barrels daily via the Ceyhan pipeline, the CBI could revalue the IQD within a week to leverage this regional shift and meet the financial demands of new trade agreements.
Read Full Article: https://www.patreon.com/posts/iraqi-dinar-are-130640897
https://dinarchronicles.com/2025/06/03/ariel-prolotario1-iqd-update-are-you-feeling-lucky-today/
Ariel : Rapid Revaluation of the IQD Within Days or Weeks
Iraqi Dinar Update:
Based on current events as of June 3, 2025, a rapid revaluation of the Iraqi Dinar (IQD) within days or weeks of the Oil & Gas Law’s anticipated mid-June 2025 passage is plausible
Driven by multiple converging factors: the law, set to resolve Baghdad-KRG disputes and unlock billions in oil revenue bolstered by the May 30, 2025, Ceyhan pipeline deal (reported by Reuters at https://reuters.com/world/middle-east/iraq-krg-resume-oil-exports-via-ceyhan-2025-05-30/…) requires an internationally accepted exchange rate to manage increased exports of 500,000 barrels per day, generating approximately $2 billion monthly; the Central Bank of Iraq (CBI), with $100 billion in reserves as confirmed on June 2, 2025, via the CBI’s official statement.
(https://cbi.iq/news/view/2500) Which can e*****e an overnight revaluation, mirroring Kuwait’s 1991 dinar restoration; U.S. Treasury support on June 1, 2025, for Iraq’s IMF-aligned reforms
(https://home.treasury.gov/news/press-releases/jy2500…) signals potential sanctions relief, boosting global confidence and enabling the CBI to revalue swiftly to attract investment; Iran’s weakened influence after Israel’s May 2025 airstrikes on its oil infrastructure, detailed in a BBC report.
(https://bbc.com/news/world-middle-east-2025-israel-iran-strikes…), reduces political resistance in Iraq, especially with Nouri al-Maliki’s security detail removed, allowing Prime Minister Al-Sudani to prioritize economic reforms; and Iraq’s blockchain pilot, initiated in May 2025 following Trump’s GENIUS Act
(https://whitehouse.gov/briefing-room/legislation/2025-genius-act…), ensures technical readiness for real-time international settlements, as some Iraqi banks already use RippleNet for oil payments, per a Ripple press release (https://ripple.com/insights/iraq-banks-adopt-ripplenet-2025/…).
Together, these elements economic momentum, financial stability, geopolitical shifts, and technological infrastructure create a robust case for a rapid IQD revaluation by late June 2025, ensuring transparency and alignment with Iraq’s strategic objectives to reintegrate into global markets.
Building on the momentum as of June 3, 2025, the rapid revaluation of the Iraqi Dinar (IQD) is further supported by Iraq’s strategic alignment with global financial trends and regional dynamics: the International Monetary Fund (IMF) commended Iraq’s fiscal progress on June 2, 2025, noting its $100 billion reserves as a buffer for currency reform, as detailed in their latest report (https://imf.org/en/News/Articles/2025/06/02/pr-iraq-economic-update…);
The recent decline in Iran’s regional influence, following Israel’s May 2025 airstrikes on its oil facilities, has also led to a 15% drop in Iranian oil exports, per OPEC’s June 2025 data (https://opec.org/opec_web/en/press_room/2025.htm…), indirectly boosting Iraq’s oil market share and incentivizing a stronger IQD to capitalize on this shift; \
Additionally, Prime Minister Al-Sudani’s push for digital financial infrastructure, highlighted in a June 1, 2025, speech (https://iraq.gov.iq/news/2025-06-01-sudani-digital-finance…), aligns with blockchain adoption in Iraqi banks, which now process 20% of oil transactions via RippleNet, according to a June 2025 Ripple update
(https://ripple.com/insights/iraq-banks-ripplenet-update-2025/…);
This technological edge, combined with the anticipated passage of the Oil & Gas Law by mid-June 2025 expected to generate $2 billion monthly from increased exports, as reported by Al Jazeera (https://aljazeera.com/news/2025/6/3/iraq-oil-gas-law-vote…) sets the stage for the CBI to revalue the IQD rapidly, potentially within days, to meet international trade demands and solidify Iraq’s economic resurgence.
Source(s): https://x.com/Prolotario1/status/1930019114925601072