7 Money Habits That Can Make or Break You

7 Money Habits That Can Make or Break You 

Credit.com  .    Yahoo! Finance/Thinkstock -  Todd Tresidder

Why do you keep buying things you can’t afford? It makes no sense: it’s not rational. Nobody wants to be in debt.  The answer is simple: debt problems are emotional, not rational. Debt results from unconscious habits and attitudes that cause you to spend more than you can afford.

In other words, everyone knows the first law of finance is to spend less than you make. That is how you stay out of debt. Unfortunately, knowing what to do and actually getting it done are two different issues.

That’s why being on the right side of these seven financial practices is critically important to your financial success. They can close the gap between knowing what to do and actually getting it done – simply by changing your daily habits. It is the easiest way to solve your debt problems and begin building wealth.

The good news is this means you have the power to improve your financial situation no matter where you are at today. You created your habits, and your habits produce your long-term financial results. That means you’re in charge and have the power to make positive changes.

Consider the following seven financial practices that can take you to debt or wealth. The habits you choose will determine your financial success or failure.

1. Emotional Spending

Here is a simple test to determine if you’re an emotional spender:

    Do you use shopping to relieve stress or escape boredom?

    Do you use shopping as a pick-me-up or entertainment?

    Do you celebrate by shopping for a treat?

    Do you ever shop as a form of “retail therapy?”

    Do you use shopping for social connection?

    Do you have clothes in the closet with the tags still attached?

    Do you have more than one of the same item?

    Is your credit card bill so large that you can’t afford to pay it off at the end of the month?

    Do you ever feel an endorphin rush when making a purchase?

    Do you experience anxiety, guilt, or remorse after shopping?

    Do you ever hide purchases from friends or loved ones?

If you answered “yes” to one or more of these questions, then you might have an emotional spending problem.

Emotional shoppers become addicted to the temporary endorphin high that comes from buying. You’re genetically programmed to pursue what makes you feel good, turning spending into a physiological habit like a drug. That’s why excessive spending is about the emotional experience from buying stuff and not the stuff itself.

The purchase brings temporary yet immediate gratification (even if it causes debt).

The wealthy habit is to spend based on needs — not wants — and to plan purchases rather than buy spontaneously. A good habit for breaking emotional spending is to force a two-day cool-off period for all non-planned purchases so your emotions can settle down. If you still want it after two days then it may actually be worth buying.

2. Addiction

Closely related to emotional spending is addiction, but this can be an addiction of any kind — not just shopping. Gambling, drug and sex addictions are highly destructive — both financially and otherwise. The ensuing debt spiral may be the least of your worries but is often a consequence.

The wealthy habit is to avoid all forms of addictive behavior and live in balance — admittedly easier said than done. If you face addiction issues, the solutions are beyond the scope of this article. Seek professional help and consider one of the 12-step “Anonymous” programs tailored to your specific addiction.

3. Entitlement

Entitlement thinking is the belief that you magically deserve all the good things in life regardless of what your financial statement says. After all, why shouldn’t you have designer clothes, a big-screen TV, pedicures and a new car? Everyone else does, right?

TO READ MORE:    https://finance.yahoo.com/news/7-money-habits-break-110023407.html

Evening News with MarkZ, joined by Dr. Jay Caprietta. 06/10/2025

PDK Note:  I only transcribe RV/Financial news and intel. Not political opinions or religious opinions or most guests on this podcast.    If a podcast is mostly political…I may not do any notes at all. Thank you

Evening News with MarkZ, joined by Dr. Jay Caprietta. 06/10/2025

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 and blessings to you and all friends

MZ: “UN Security Council to hold session in Iraq today”  It was at 10 AM this morning. We do not know the results but it is interesting timing. They also recently had one on UNAMI or the United Nations mission in Iraq. They keep talking how they are winding down the mission there. I am hopeful we have something moving forward on that front.

MZ: “Minister of Transport: the (TIR) agreement returned Iraq to the global trade map” this is the internationally accepted transportation system. This is an important one. Iraq is a major hub for moving goods and trade. This is part of the development road that will broaden their economic base. Iraq is a crossroads for the east and Europe.

MZ: I am hearing the budget tables are accepted to be approved this week. By tomorrow morning we should have several articles about it.

MZ: Unfortunately I do not have a bond update. Hopefully that is an excellent sign. But I do have a bank story.

MZ:  From a member: “Just went to a window at a WF. I’ve been banking there for over 20 years. I wanted to find out about a safe deposit box. After they told me where a bank was for that purpose, I asked if he was allowed to tell me about the new money coming. His eyes got bigger and he put on a big smile. I asked if the new ATM’s were there for the new money and he said “yes”. I then asked him if they were taking in foreign money like the dinar, and he said “you sure do know a lot”…and then “yes, they are"  .

Member: Have a safe night everyone. Praying for our country.

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

Kick:  https://kick.com/theoriginalmarkz

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

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

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

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

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

FROM NOW ON NO MORE NIGHTLY PODCASTS ON MONDAYS AND FRIDAYS

Youtube:     https://www.youtube.com/watch?v=SKquZYiPv70

Economist’s “News and Views” 6-10-2025

S&P To Hit 6,250 Then 30% Drop: 'Market Running Out Of Energy' Says Gareth Soloway

David Lin:  6-10-2025

Gareth Soloway, Chief Market Strategist at Verified Investing, examines whether the S&P 500’s sharp rebound marks a true bull market or a fleeting bounce while dissecting Fed policy shifts, tariff impacts, Bitcoin’s resistance ceiling, precious‑metal breakouts, and looming bond‑market risks.

0:00 - Intro

0:30 - China trade talks

2:32 - Labor market cracks

3:44 - Fed rate cuts?

4:51 - Bullish sentiment

8:30 - Breakout levels

13:21 - Why do we need a pullback?

15:36 - Triggers for move down

18:15 - Bitcoin

24:45 – Gold

 27:01 - Silver and other metals

30:18 - 10-year bond yield

31:34 - Favorite asset class

https://www.youtube.com/watch?v=G3-2z1wnOqw

BREAKING: China To Imminently Announce a Gold To Yuan Fixed Exchange Rate! - Alasdair Macleod

Financial Wisdom:  6-10-2025

0:00 - China aims to control global gold pricing from Shanghai

0:36 - How SGE vaults enable gold-yuan trade bypassing the dollar

 1:50 - China's strategic need to decouple from the US dollar

3:20 - Why China's survival may depend on linking yuan to gold

 4:34 - China's recognition of gold-backed economic stability

6:02 - Lessons from the UK gold standard and China's future plans

 7:14 - China's accumulation of gold reserves since the 1980s

8:55 - Shift of global gold from West to East

10:00 - China’s regional trade strategy post-Trump tariffs

11:08 - International expansion of the Shanghai Gold Exchange

 11:45 - Opening Shanghai Futures Exchange to foreign banks

12:10 - China’s push to move gold price control to Shanghai

https://www.youtube.com/watch?v=PiaXX2h3elE

Gold to $6,000 and Why the US Dollar is Losing Its Power, Part 2

Wealthion:   6-9-2025

Renowned economist David Rosenberg, known for his sharp insights and contrarian calls, recently returned to Wealthion with a powerful message for investors: prepare for a significant shift in the financial landscape.

 In Part II of his interview, Rosenberg laid out his compelling case for a gold surge to $6,000, a weakening U.S. dollar, and the compelling opportunity presented by Treasury bonds.

Rosenberg, now with Rosenberg Research & Associates, pulls no punches in his assessment of the current environment. He argues that the U.S. financial system is increasingly fragile, burdened by unsustainable debt and deficits, ultimately leading to a devaluation of the dollar and a scramble for safe havens.

Rosenberg’s boldest prediction is undoubtedly his forecast for gold. He believes the precious metal is poised for a significant rally, projecting a target of $6,000 this cycle.

This conviction stems from the growing global uncertainty, the rising cost of living, and the central banks’ accelerating accumulation of gold reserves. As global trust in fiat currencies wanes, gold is expected to become an increasingly attractive alternative.

Contrary to the prevailing narrative, Rosenberg believes Treasury bonds are currently mispriced, offering investors asymmetric upside.

 In a world grappling with economic slowdown and potential recession, he argues that the safety and liquidity of Treasuries make them a crucial asset for portfolio protection. He contrasts this with the prevailing mantra of the past decade, “There Is No Alternative” (TINA), where investors were forced into riskier assets like stocks in search of yield.

Rosenberg declares TINA dead, arguing that Treasuries now offer a compelling alternative for risk-averse investors seeking stability and potential appreciation.

The erosion of the U.S. dollar’s dominance is another key theme of Rosenberg’s analysis. He warns that America’s reserve currency status may be under threat as central banks worldwide are increasingly diversifying their holdings and accumulating gold. This trend, fuelled by concerns about U.S. debt and deficits, could further weaken the dollar and exacerbate inflationary pressures.

Adding further weight to Rosenberg’s thesis, Jonathan Wellum, CEO of Rocklinc, provides a special addendum reinforcing the importance of preparing for a world where the U.S. can no longer spend without consequences.

He emphasizes the need for investors to understand the underlying vulnerabilities of the U.S. financial system and proactively adjust their portfolios to mitigate potential risks.

David Rosenberg’s return to Wealthion offers a timely and thought-provoking perspective on the future of the global economy.

While predictions should always be approached with caution, his insights provide valuable guidance for navigating an increasingly uncertain financial landscape. Now is the time for investors to carefully assess their portfolios and prepare for the potential shifts ahead.

https://youtu.be/_Qr5AApfzKA

6 Most Useful Lessons I've Learned From My Wealthiest Clients

6 Most Useful Lessons I've Learned From My Wealthiest Clients

Business Insider  Jovan Johnson  Sun, June 8, 2025

I've been a financial planner for over 10 years. Here are the 6 most useful lessons I've learned from my wealthiest clients.

I'm a certified public accountant and certified financial planner with over a decade of experience helping high-income professionals and diverse business owners take control of their finances. My clients range from medical professionals to small businesses, and I help them grow their wealth, reduce tax burdens, and run more profitable businesses.

Many of my high-net-worth clients share common habits, mindsets, and strategies that helped them build and maintain their wealth. The good news is that anyone can apply these habits to improve their financial life.

Here are six of the most useful lessons I've learned from my wealthiest clients.

The more you give, the more you receive

One of the most profound lessons I've learned is that life becomes richer when you focus on pouring into others, rather than just focusing on yourself.

For example, clients who are generous with their employees often see retention rates soar. This principle extends beyond finances into mental well-being, relationships, and overall happiness. Generosity has a way of opening doors that talent or hard work alone sometimes can't.

Many of my wealthiest clients often share that they wouldn't be where they are without the generosity of others who helped them along the way.

Relying on others is the only way to accomplish everything

Wealthy individuals often have incredibly demanding schedules, leaving little time for personal tasks or downtime. One key to their success is recognizing the power of outsourcing and delegation.

Whether they hire a nanny to help with childcare or work with a financial advisor to manage their finances, they understand that they can't do it all alone. Instead of trying to juggle every responsibility, they build a trusted team around them with professionals who help them stay focused on what matters most.

They become comfortable relying on others, knowing it's the only way to accomplish everything on their plate while still maintaining their sanity and quality of life.

You can only go as far as your health allows

If you don't take care of your health, it will be harder to reach your goals, no matter how important they are. Many of my wealthiest clients have learned this firsthand. They've realized that when their mental, physical, spiritual, or emotional health is off-balance, their ability to lead, create, and perform suffers.

As a result, they intentionally make time and invest in activities that support their overall health, such as exercise, therapy, spiritual practices, or rest. Prioritizing health is not a luxury; it's a necessity.

TO READ MORE:  https://www.yahoo.com/finance/news/ive-financial-planner-over-10-170701688.html

News, Rumors and Opinions Tuesday 6-10-2025

RV Excerpts from the Restored Republic via a GCR: Update as of Tues. 10 June 2025

Compiled Tues. 10 June 2025 12:01 am EST by Judy Byington

What We Think We Know as of Tues. 10 June 2025:

Mon. 9 June 2025: Trump is quietly closing down the IRS – and clearing a path for a new financial system — one that doesn’t rely on fear, audits, or manipulation. A system that can’t be used as a weapon. Transparent. Just. Fair. This is not reform. It’s liberation.

Possible Timing:

Judy Note: It was my understanding that Redemption Centers could give you a higher rate on exchange of your currencies than could a bank. The much higher Dinar Contract rate was only available at a Redemption Center. Zim could only be redeemed at a Redemption Center, not at a bank. They will be sending out notifications on how to obtain an appointment at a Redemption Center and such will be posted in my updates and on various Dinar websites.

As of Sun. 1 June 2025 some Redemption Centers (allegedly) became fully operational, secured by military oversight, and processing gold-backed transactions through the Quantum Financial System.

At 11 am EST Mon. 2 June all aspects of NESARA were(allegedly)  implemented and the big banks were (allegedly) put online with the QFS as of 6 pm Mon. night 2 June 2025.

At 3:03 EST on Tues. 3 June 2025 Operation Odin (QFS) was (allegedly) fully activated, EBS deployed through Starlink, banks closed, currencies(allegedly)  cancelled, Sovereignty restored, codes active, accounts open, their system will freeze, yours will open. …Trump Family Channel, The 17th Letter (JFK Jr.), Julian Assange, Ben Fulford, WH Grampa on Telegram

As of Fri. 6 June Redemption Centers across the world, hidden within ordinary buildings, (allegedly) became fully operational, staffed by agents verified through DNA-based biometric protocols. The first QFS Card test batches began moving under military escort in key zones.Public distribution expands from June 7–10. By July 4 the general public.

On Sat. 7 June QFS Payouts (allegedly) began to certain qualified groups and individuals.

By Tues. 10 June 2025 the first wave of public disclosures is expected to begin — not through CNN or BBC — but through raw, unfiltered QFS-verified broadcasts across secure global nodes. …Gesara Nesara QFS on Telegram

Bruce: According to Iraqi sources the Iraqi Dinar will (allegedly) be revalued over the weekend in a four day holiday ending Mon. 9 June – and expected to come out on Tues. 10 June. By Sun. night 8 June our Federal Reserve USD accounts will be transferred to a USTN account. USTN will be out by Tues. 10 June. Tier4b notifications should come out on Tues. 10 June, so we could start exchanging on Tues. 10 June or Wed. 11 June.

Tier4b notifications were expected to go out on Tues. 10 June. Internal banking advisories indicated public redemption will begin regionally, based on QFS load-balancing and readiness reports.

On Fri. 13 June 2025 all Tier4b appointment notifications were to be completed.

Wed. 11 June Iraq set to make public announcement of the Dinar Revaluation (the end of a 5 day holiday), with international rate set at $4.81 Iraqi Dinar to $1.00 USN.

Around Sun. 15 and Mon. 16 June 2025 expect minor banking downtimes, signaling the(allegedly)  final switchover to full QFS integration.

As of Mon. June 23, 2025, Redemption Centers will begin (allegedly) processing live appointments for the general public under full GESARA protocol. According to sources inside two U.S. Treasury branches, the schedule is already being populated with approved Tier 4B participants. This is the moment we’ve all prepared for. …Emergency Broadcast System on Telegram

Between Sun. 29 June and Fri. 4 July 2025 expect an EBS Bank Blackout Period while systems adjusted to the new currency rates and Global Financial System.

Fri. 4 July 2025: Public rollout of Global Currency Reset. (allegedly)

Wed. 9 July 2025 was the Back Wall for the Global Currency Reset to occur optically. …Jon Dowling, Iraq

Read full post here:  https://dinarchronicles.com/2025/06/10/restored-republic-via-a-gcr-update-as-of-june-10-2025/

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

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

Mnt Goat  ...Didn’t the UN just tell us that “IRAQ WILL BECOME A BANKING POWERHOUSE BOTH DOMESTICALLY AND INTERNATIONALLY”.  Yes, wealth is leadership and Iraq is certainly taking the point lead under Al-Sudani in this area...

Frank26  Question: "If the dinar went from $1.00 to $4.81 would it cause confusion in businesses and consumption prices?" Yes.  The goal is to reach 1 to 1 status.  Once it is, that 1 to 1 stay inside the country... When it leaves outside of the border on a vehicle called Forex the rest of the world will touch the Iraqi dinar by using it, selling it, spending it, investing in it, platform banks with it, that movement of the dinar will allow that 1 to 1 that started in country, but when you went outside you're maturing, $1.50, $2.00, $2.50.  Who determines that value?  The outside market.  Do you think the outside market is just dying to get their hands on the Iraqi dinar?  

URGENT: "Silver's Slingshot Move Has Begun, Here's What Is Different This Time" - Mike Maloney

Mike Mahoney:  6-10-2025

In this urgent and eye-opening video, Mike Maloney breaks down why silver’s long-awaited breakout move is finally here—and why it could lead to triple-digit prices sooner than you think.

 With U.S. debt soaring to unsustainable levels, housing bubbles inflating, and warning signs flashing across every sector—from real estate to employment—Mike lays out why the current economic landscape is more dangerous than ever.

Discover why we’re on the brink of a massive recession

 See the 45-year chart pattern that predicts silver’s explosive future

 Understand how monetary demand will drive silver and gold sky-high

Plus, insights on AI-driven job losses, China’s economic slowdown, and what history tells us about debt cycles. Don’t miss this urgent message if you're serious about protecting your wealth.

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

The Last Silver Bull Market Before The Reset | Clive Thompson

The Last Silver Bull Market Before The Reset | Clive Thompson

Liberty and Finance:  6-9-2025

Clive Thompson argues that the current bull market in gold and silver is unlike previous cycles and may be the final one before a major monetary reset.

 He suggests that this run doesn’t have a clear price target because it will continue until the collapse or replacement of the current fiat currency system.

 According to Thompson, the endgame will be triggered by a loss of confidence in fiat currencies, leading people to rush into tangible assets like precious metals and essential goods.

He believes that in any future currency reset, those holding physical gold or silver will retain their wealth, while holders of fiat financial assets will face severe losses or limited convertibility.

 This, he says, marks a historic transition where gold and silver won't just rise in price—they'll serve as a bridge to the next monetary system.

INTERVIEW TIMELINE:

0:00 Intro

1:30 Silver

4:12 Gold

12:00 Platinum

13:49 US debt crisis

https://www.youtube.com/watch?v=k-hpN5IaMxc

Coffee with MarkZ. 06/10/2025

Coffee with MarkZ. 06/10/2025

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. Happy Tuesday to one and all....

Member: My bones are telling me June is going to be a Great Month…. This is a good day to RV - just saying

Member: It’s crazy how many rumors are flying right now. Any real RV news Mark?

MZ: There is one update saying there is a lot of activity from the “Chinese Royals” that are actively seeking to finish some of the historic bond deals. I do not know what that means timing wise.

MZ: I am still trying to get an update from other bond contacts that were expecting a payday today. I have my fingers and toes crossed….would cross my ears if I could….lol. I hope to have an update late afternoon today.

Member: Mark…do you think the riots could be the cover needed to bring on the RV???

MZ: It would certainly be a good opportunity….if they decide to use it.

Member: Trump headed to Ft Bragg for a big speech today !

Member : Mike Bara thinks today may be our rate change day.

MZ:  I would love it if he was right.  I think we may be further out than that- but there is a lot happening right now.

Member: RV at the end of the quarter? That's one rumor.

Member: Great news from a friend who visited a private banker. RV is real and our currencies are worth a great deal more than we thought.

Member: just wondering how much iraqi Dinars the US GOVERNMENT has. billions, trillions ?

MZ: “ Finance is heading to complete the budget schedules and parliamentary warning”  they are letting them know the budget schedules should be done in the next couple of days. I think we are about to see a culmination of things coming together.

Member: Wasn’t Digital Dinar supposed to start yesterday?

MZ: “The era of the digital republic has begun. Iraq without paper criticism and the central bank imposes its authority as ruler of the country”  They are talking about how the money wasn’t going where it was supposed to. Now they are saying the era of theft is over. They will do everything digitally so there is no chance for them to filter off and embezzle funds.

MZ” “More than 400 trillion dinars left Iraq and the state only received 2%” They are talking about all the money that went back and forth in international trade. 7% of that should have gone back to Iraq in Tariff revenue. Only 2 % did. This is one of the reasons they need to go only electronic for government transactions. To stop sticky fingers from politicians and government employees.

Member: There have been articles about Sudoni not being on our side could this be propaganda from his enemies or could these stories be true?

Member: I think those stories may be just desperate people looking for someone to blame on the RV delays.

Member: Heard June 19th - Juneteenth (19th), the day slavery was officially ended. There will be a huge celebration in Galveston, where they ordered the freedom of the last 250,000 slaves on June 19, 1865.

Member:  praying for our country and our men and women protecting it.

Member:  Hope everybody has a blessed day today

Member: keep the faith… great things are coming….God will bless us all soon

Fernando from ATB joins the stream today. Please listen to the replay for his information

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=onHDNoh0KQE

Iraq Economic News And Points To Ponder Tuesday Morning 6-10-25.

Oil Maintains Weekly Gains As Trade Talks Awaited

Economy | 09/06/2025  Mawazine News - Follow-up   Oil prices held onto last week's gains in early trading on Monday as investors awaited US-China trade talks in London later in the day.

By 00:08 GMT, Brent crude futures were steady at $66.47 a barrel. US West Texas Intermediate crude was trading 1 cent higher at $64.59.

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

Prospects of a US-China trade deal supported prices, as three of Donald Trump's top aides are scheduled to meet with their counterparts in London on Monday for the first meeting of the US-China economic and trade consultation mechanism.   https://www.mawazin.net/Details.aspx?jimare=262320

 
From 40 To 60 Trillion... The Hemorrhage Of Salaries Without Reforms Puts The Iraqi Economy On The Brink Of Danger.
 
Economy 3-06-2025, |  Baghdad Today – Baghdad  Economic expert Munir Al-Obaidi confirmed on Tuesday (June 3, 2025) that 

Iraqi government salaries increased by 27% in 2024,
breaking the 60 trillion Iraqi dinar barrier for the first time,
representing 40% of the Iraqi government's expenditures.
 
Al-Obaidi said in a post on his Facebook page, followed by Baghdad Today, that
 
"salaries have reached dangerous levels that will have a catastrophic impact on Iraq's economic situation." He explained that
 
in 2019, the value of government salaries was 40 trillion dinars, while
in 2024, it reached approximately 60 trillion dinars.  He pointed out that
 
"the value of salaries has increased by 50% over the past five years,
without any significant addition to
     non-oil revenues or
     improvement in services provided," asking,
 
"What is the benefit of increasing the value of the salary bill?"
 
For years, economic circles have been calling for radical reforms that include
 
     restructuring government jobs,
     reducing administrative laxity, and
     activating the private sector.

 However,  these proposals continue to face political and social resistance,
given that millions of Iraqis depend on government salaries as their primary source of income.
 
Government salaries in Iraq pose one of the most significant challenges to fiscal policy, as the state relies almost entirely on oil revenues to finance its expenditures, most notably salaries.
 
For years, warnings have been escalating about the inflation of this item without structural reforms or diversification of sources of income.    https://baghdadtoday.news/275578-40-60.html  

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

Seeds of Wisdom RV and Economic Updates Tuesday Morning 6-10-25

Good Morning Dinar Recaps,

SEC Chair Paul Atkins says the right to self-custody is a 'foundational American value'

▪️SEC Chair Paul Atkins hinted at more of an openness toward self-custody, marking a departure from the previous administration.

▪️Since President Donald Trump took office and following former Chair Gary Gensler’s departure, the agency has taken a warmer approach to crypto.

A New Crypto Vision Under the Trump and Atkins Era

U.S. Securities and Exchange Commission Chairman Paul Atkins is turning a new page at the agency in how it views self-custody, describing it as a "foundational American value."

In remarks delivered Monday at the SEC’s final Crypto Task Force Roundtable, titled "DeFi and the American Spirit," Atkins hinted more of an openness toward self-custody, marking a departure from the previous administration.

"The right to have self-custody of one’s private property is a foundational American value that should not disappear when one logs onto the internet," Atkins said Monday. "I am in favor of affording greater flexibility to market participants to self-custody crypto assets, especially where intermediation imposes unnecessary transaction costs or restricts the ability to engage in staking and other on-chain activities."

Since President Donald Trump took office and following former SEC Chair Gary Gensler's departure, the agency has taken a warmer approach to crypto in part through dropping enforcement actions against major crypto industry players and creating the crypto task force.

The task force has hosted five roundtable discussions over the past few months with a focus on tokenization, custody, trading, and defining securities.

Atkins has criticized the agency's previous approach, and on Monday, accused the agency of undermining the innovation in self-custody by asserting that developers could be brokers, and therefore, need to follow the SEC's rules.

"I do not believe that we should allow century-old regulatory frameworks to stifle innovation with technologies that could upend and most importantly improve and advance our current, traditional intermediated model," Atkins said. "We should not automatically fear the future."

Atkins also said he asked SEC staff to look into next steps.

"I have asked the Commission staff to explore whether further guidance or rulemaking may be helpful for enabling registrants to transact with these software systems in compliance with applicable law," he said.

@ Newshounds News™
Source:  The Block

~~~~~~~~~

Trump's CFTC pick Quintenz pledges clear crypto classification in written remarks for Senate hearing

▪️Brian Quintenz, nominee for new CFTC chair, said he would support bringing clarity to crypto classification and jurisdiction for market oversight.
▪️Quintenz said he would utilize his experience as head of policy at a16z crypto to shape future regulations around crypto.

Brian Quintenz, nominee to lead the U.S. Commodity Futures Trading Commission, has pledged to provide clear classification and jurisdictional clarity for digital asset market regulation in a written statement shared ahead of his nomination hearing.

The former CFTC commissioner was nominated by President Donald Trump in February, and is scheduled to appear before the Senate Agriculture Committee for a nomination hearing on Tuesday.

"It is time for a comprehensive regulatory framework for crypto assets, including token classification clarity and clear jurisdiction for trading market oversight," said Quintenz. "I am fully prepared to use my experience and expertise to assist in that effort as well in executing any expanded mission should legislation pass into law."

@ Newshounds News™
Source:  The Block

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Nigeria Calls on BRICS To Switch Trading in Local Currencies

Nigeria has called on BRICS to switch to trading in local currencies and refrain from using the US dollar for cross-border transactions. During a meeting at the BRICS trade forum held in Brazil, Nigeria’s House Committee on Foreign Affairs, Wole Oke, said that the alliance must begin investing in each other’s economy to maintain equal economic stability for all.

At the trade forum, he urged BRICS to reduce usage of US dollar transactions and begin payments in local currencies. He also urged the bloc to reduce dependency on Western powers and uplift the economies of developing countries.

“Strengthening BRICS trade is no longer optional, it is a necessity. We must trade more with each other, invest in one another, and build a trade ecosystem that puts our people first,” he said, stressing that the time to use local currencies for trade is ripe.

The lawmaker proposed BRICS to create a new establishment for local currency settlements that cuts exposure to “volatile currency politics”. He added that investments must be made in all business sectors including pharmaceuticals, agriculture, manufacturing, and clean energy.

The foreign minister stressed that BRICS members have an overall GDP of 40% of the global economy, and the potential to make it even bigger is untapped and can be a success if local currencies are made the norm. Nigeria is among the 13 partner members of BRICS and is considering reshaping the global finances.

Nigeria Follows the Footsteps of BRICS, Makes Local Currencies Official

Just recently, the government of Nigeria announced that only their local currency, the Nigerian naira will be the official tender for oil trade in the country, ending dependency on the US dollar. 

All oil-refiners must use the local currency and the move could boost its prospects in the forex markets. The African country is looking to tackle the US dollar’s dominance by putting it second in line for oil payments.

@ Newshounds News™
Source:  Watcher Guru

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“Tidbits From TNT” Tuesday Morning 6-10-2025

TNT:

Tishwash:  With the participation of more than 300 international entities, the Investment Commission announces details of the first investment forum in Iraq.

The National Investment Commission announced details of Iraq's first investment forum on Tuesday, noting that the forum has strategic objectives to accelerate economic development .

The head of the commission, Haider Makiya, told the Iraqi News Agency (INA): "The upcoming investment forum, which the commission is organizing in coordination with the Iraqi Economic Council and under the direct supervision of the Prime Minister's Office, is the first of its kind since its establishment, and carries strategic goals to accelerate the wheel of economic development in the country ."

He added, "The forum seeks to introduce the 141 available investment opportunities that have received official approvals and are ready to be presented to local, Arab, and foreign companies," noting that "the opportunities cover diverse sectors, including industry, housing, renewable energy, communications, pharmaceuticals, agriculture, and others ."

He added, "The forum aims to attract the largest possible number of foreign and Arab companies to participate in infrastructure projects in Iraq, in addition to introducing international expertise to quality projects, in line with the investment law that requires the employment of skilled and unskilled Iraqi workers in projects ."

Makiya pointed out that "the event will be attended by more than 300 international entities, including countries and companies, representing a historic opportunity to showcase Iraq's investment potential ." link

Tishwash:  Baghdad to KRG: No Delegation Welcome Without Revenue Transfer

Baghdad has sent a clear message to the Kurdistan Regional Government (KRG), stating that no delegation from the region will be welcomed in the capital until the handover of oil and non-oil revenues is completed.

According to reports by Iraqi media on Sunday, the federal government will not engage in any negotiations regarding the payment of May salaries to employees, pensioners, and those on social welfare in the Kurdistan Region. This marks a continuation of a hardline stance by the federal authorities in Baghdad over revenue disputes.

The decision comes in response to the KRG’s alleged failure to comply with a ruling by the Federal Court. The court had previously mandated that all oil and non-oil revenues generated in the Kurdistan Region must be handed over to the federal treasury, a requirement the KRG has so far not fulfilled.

Officials in Baghdad say the current position will not change unless the Kurdistan Region meets its financial obligations. The dispute continues to impact public sector salary disbursements in the region, exacerbating existing economic tensions.  link

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Tishwash:  Securities: We are working to enhance the attractiveness of the Iraqi market through governance and expanding the corporate base

The Securities Commission announced on Monday that it is working to enhance the attractiveness of the Iraqi market through governance and expanding the corporate base. It also indicated a move to list new companies to encourage profitable investments.

"The commission has begun taking practical steps to develop the Iraqi Stock Exchange from within by enhancing investment attraction factors," board member Wadah Al-Taha told the Iraqi News Agency (INA), noting that "issuing the corporate governance guide for companies represents a fundamental step in this path."

He added, "In the next phase, the Authority seeks to list new companies through initial public offerings, which will help encourage local investors to invest in profitable companies that distribute periodic dividends, which will boost investor confidence and drive market revitalization."

He added, "Achieving these steps will send a strong message to foreign investors that the market is undergoing change and is transitioning towards a more transparent, sustainable, and effective risk-management environment." He noted that "current data indicates a significant improvement in indicators, which will enhance investment attractiveness and increase opportunities for attracting foreign investment."

Al-Taha emphasized that "the Iraqi market has become part of an international platform that includes nine other global markets. This means that the market is now under the scrutiny and monitoring of global markets, which requires preparation to face challenges and accelerate development steps." He pointed out that "the Commission's work is not limited to one file, but rather is carried out in parallel across several files, including developing a governance guide, intensifying training programs, and increasing the number of good, profitable, high-quality companies listed on the market, in order to achieve diversity that reduces risks and increases potential returns."

He continued, "The number of listed companies currently stands at 103, but the focus is on only 20 to 25 companies," explaining that "the Authority is working to diversify the market to provide investors with broader and more stable options."  link

Mot: ... Only ""ONE CURE"" for This Problem.... Let the ""RV"" Goooo!!! 

Mot:  ..... One stop shop! 

MM & Crew: The IQD Update-Reduction in Currency-Diminishing Liquidity-Trading partners-Value-Global Integration

MM & Crew:  The IQD Update-Reduction in Currency-Diminishing Liquidity-Trading partners-Value-Global Integration

6-10-2025

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

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