“Tidbits From TNT” Thursday Morning 6-26-2025

TNT:

Tishwash:  Central Bank: Iraq's foreign exchange reserves are sufficient to cover 13 months of imports.

 The Central Bank revealed on Wednesday that Iraq's foreign currency reserves are sufficient to cover 13 months of imports.

The bank said in a report seen by Shafaq News Agency that "import coverage is often viewed as a measure of the number of months that imports could be sustained if all foreign currency inflows were to cease," noting that "the global standard used is for reserves to cover all imports for a period of six months."

He added, "The ratio of foreign reserves to imports has decreased from 16 months at the beginning of 2024 to 13 months at the beginning of 2025," indicating that "despite the decrease in the ratio, Iraq's reserves will still cover imports for 13 months if Iraq does not receive foreign currency revenues." link

Tishwash:  Half a year without an actual budget... Where have the government's plans gone

Amid the financial and economic challenges facing the country, the 2025 budget file continues to stir controversy within political and parliamentary circles, amid a state of anticipation and growing public concern.

Despite more than half a year having passed since the start of the fiscal year, the budget schedules remain absent from the halls of Parliament, reflecting a state of government confusion and a lack of seriousness in dealing with one of the country's most important financial and strategic issues. This delay comes at a time when the Iraqi public is witnessing increasing pressure to improve services, implement stalled projects, and meet citizens' basic needs.

 Meanwhile, the ambiguity surrounding the date for submitting the schedules is paralyzing the legislative and oversight process concerned with setting priorities and ensuring the fair and efficient distribution of resources.

* Violation of laws
and regarding this issue, member of the Parliamentary Finance Committee, Hussein Mounes, confirmed that the government is still not serious about sending the budget tables to the House of Representatives. 

In an interview with Al-Maalouma News Agency, Mounes said, “The government violated the Financial Management Law by delaying the submission of the 2025 general budget schedules, considering this a disregard for the role of the House of Representatives and its oversight and legislative work.”

He added, "The Iraqi government is not serious about sending the tables to the House of Representatives, expressing his surprise at the government's failure to send the budget law tables to the House, despite six months having passed since the start of the fiscal year."  link

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Tishwash:  Masrour Barzani: Baghdad will send a delegation to the Kurdistan Region to resolve the salary issue.

Kurdistan Regional Government Prime Minister Masrour Barzani announced on Wednesday that the crisis of halting funding for salaries of public sector employees in the region is on its way to being resolved, and that he had communicated with the Chief Justice of the Supreme Judicial Council, Faiq Zidan, and Prime Minister Mohammed Shia al-Sudani in this regard.

This came during a press conference held today in Erbil, where Masrour Barzani addressed the conflict in the region, saying, "The announcement of a ceasefire between Israel and Iran is in the interest of all countries in the region, and we hope it will be a step toward restoring peace and stability throughout the region."

He added, "We in the Kurdistan Region have done our best to stay out of this war and chaos, and we must express our gratitude to Prime Minister Mohammed Shia al-Sudani, who has sought to spare Iraq from entering this conflict."

Regarding the issue of salaries, the Prime Minister of the Kurdistan Region stated, "For the past two months, the salaries of Kurdistan Region employees have not been paid legally, which is considered an unconstitutional measure. We believe it is unacceptable to link the salaries of Kurdistan Region employees to any political dispute or conflict."

He stressed that "we will not give up any constitutional right of the people of the Kurdistan Region in any way, and we will continue to defend it," adding that "during the past period, there was not a day when we were not busy searching for a solution to this crisis."

Masrour Barzani continued, "We have been in contact with officials. Yesterday, I spoke with the head of the Supreme Judicial Council and the prime minister, and I assured them that we are keen to move towards resolving this crisis. They welcomed this and announced their readiness to send a delegation within the next two days to address the salary issue."

The Prime Minister of the Kurdistan Regional Government spoke about the suspension of Kurdistan's oil exports, saying that because of this, "the Iraqi economy and the Kurdistan Region's economy have incurred losses exceeding $25 billion, and to date, the federal government has not compensated the citizens of the Kurdistan Region for these losses."

He stressed that "to resume Kurdistan's oil exports, an agreement must be reached with all parties, especially with the oil companies operating in the region, which are demanding guarantees for extraction costs."

Masrour Barzani continued, "We were waiting for a ruling from the Federal Supreme Court in Iraq that would benefit the salaries of Kurdistan Region employees, but the court was dissolved with the resignation of a number of members. Now we are pinning our hopes on the Supreme Judicial Council in Iraq to resolve the salaries issue."

The KRG Prime Minister continued, "If an agreement is not reached with the Iraqi government to resolve the salary issue, we will resort to internal revenues, reducing expenses, or any other means possible to secure the financial rights owed to the people of the Kurdistan Region, according to our capabilities." He added, "However, I am optimistic about reaching a radical solution with the federal government on this matter."  link

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Mot: . Today!! -- ole ""Mot"" will Advise on Handling ""Stress""

Iraq Economic News and Points To Ponder Wednesday Afternoon 6-25-25

The IMF Mission Commends The Central Bank Of Iraq.
 
June 25, 2025   The International Monetary Fund (IMF) mission, led by Jean-Guillaume Poulain, which   met with the Central Bank of Iraq (CBI) from May 4 to 13, 2025, commended the CBI's work in several areas. It confirmed that the CBI has made progress in absorbing excess liquidity by  increasing the issuance of short-term debt instruments  (CBI drafts and  Islamic certificates of deposit), adjusting subscription limits for banks in CBI auctions, and  improving liquidity forecasting tools and practices.

The statement issued by the International Monetary Fund stated that the mission commended the efforts of the Central Bank of Iraq to successfully transition to the new trade finance system, indicating that commercial banks now process trade finance transactions entirely through their relationships with correspondent banks.

The Central Bank of Iraq has achieved significant progress by transitioning to the new system for financing foreign trade through correspondent banking channels,  instead of relying on the daily dollar auction.
 
This development has contributed to enhancing banks' compliance with international transparency requirements, such as
     OFAC regulations and others, and  improving their relationships with global correspondent banks.
 
This step has resulted in
     narrowing the gap between the official dollar price and its parallel price, indicating relative success in
     curbing illegal speculation and
     reducing currency leakage.
 
The foreign exchange management methodology has become more effective compared to the past,
especially with the  Central Bank of Iraq continuing to take complementary measures, such as requiring traders to submit genuine import invoices and  simplifying procedures for obtaining hard currency for legitimate importers.
 
In parallel, the mission welcomed the   progress made in the use of digital technology and the  Iraqi authorities' intention to implement a comprehensive reform of the banking sector, calling for its completion to be accelerated without delay.
 
The Iraqi government,   with technical support from the International Monetary Fund and other international bodies, has begun implementing initial steps to reform government banks, including
          auditing the quality of assets,
          estimating the size of non-performing loans, and
          developing a draft plan to restructure the two largest government banks (Rafidain and Rashid) financially and administratively.
 
The Iraqi financial sector has also witnessed an  increasing trend towards digitization and the adoption of modern financial technology, whether in   electronic payment services or the launch of   banking platforms via the Internet and mobile phones. 

The International Monetary Fund believes that these
     technical improvements, along with
     steps to enhance cybersecurity in banks,
     promote financial inclusion,
     expand private banking activity, and
     restructure government banks,
 
will
     enhance the efficiency of financial services and
     increase foreign correspondents' confidence in the Iraqi banking sector.

The report also noted the
     expansion of private banks' activity in trade finance and small business financing, with expectations of
     further increases if obstacles are removed.
 
Initiatives to
     enhance financial inclusion,
     modernize electronic payment systems, and
     reduce reliance on cash in the economy
are also crucial to strengthening banking depth.
 
The Central Bank of Iraq launched a national financial inclusion strategy during the first half of 2025.
 
The report also included important recommendations to  enhance financial stability and  facilitate the transfer of monetary policy effects to the real sector, including:   reducing the phenomenon of dollarization, in which Iraq has made significant progress over the past two years;
 
     the importance of accelerating the completion of the
          comprehensive restructuring plan for banks to enhance their solvency; the importance of
          strengthening corporate governance for banks,
          developing digital infrastructure and cybersecurity for the financial sector;
          strengthening the role of private banks in financing economic development; and
          continuing to improve anti-money laundering and counter-terrorism financing procedures.
 
It is also important for the Central Bank of Iraq to continue increasing the issuance of short-term securities to ensure better management of excess liquidity. Central Bank of Iraq  Media Office  https://cbi.iq/news/view/2916   

The Central Bank Sponsors The Launch Of The Al-Fursan Entrepreneurship Program.
 
June 25, 2025  The Central Bank of Iraq hosted a celebration announcing the launch of the "Fursan" program, an Iraqi-inspired initiative under the direct sponsorship of His Excellency the Governor of the Central Bank of Iraq.
 
The program serves as a realistic investment program for entrepreneurs, aiming to   create real opportunities for youth and  enhance the role of the private sector in developing the national economy.

In his speech at the ceremony, His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, emphasized that the Central Bank of Iraq has prioritized supporting projects related to the youth segment, which contributes to the local economy with products and services that contribute to raising the gross domestic product, ensuring an effective role in this regard.
 
In light of the recent reforms, the Iraqi banking sector can also focus on supporting income-generating small and medium-sized enterprises that directly support the private sector.
 
The "Fursan" program helps participants  access investment opportunities and     obtain soft loans for those who qualify.  The program also provides a safety net that ensures the  continuity of promising projects and   prevents their failure.
 
These projects serve as incentives for innovative youth and   create new job opportunities
that contribute to sustainable economic and social development in Iraq.
 
A group of young people presented their projects,  highlighting the products they offer and their assessment of market demand and available potential, with the hope that other entrepreneurs will join them in the future. Central Bank of Iraq  Media Office  June 25, 2025  https://cbi.iq/news/view/2917  

An Economist Points To A Decline In Liquidity And The Loss Of Thousands Of Jobs In Iraq. 
  
Economy     2025-06-25 |Source: Alsumaria News     3,726 views   Alsumaria News - Economist Ahmed Abdul Rabbah revealed on Wednesday the reasons behind the ban on a number of local Iraqi banks from receiving foreign transfers. He emphasized that the continued ban on 32 Iraqi banks from dealing in dollars not only   leads to a decline in liquidity but also  threatens the loss of thousands of jobs at these banks.
 
Ahmed Abdul Rabbo told Sumaria News that the  banks operating in the country that handle remittances are Iraqi in terms of registration and establishment, but some of these banks hold majority ownership stakes in foreign investors,  which gives them advantages over local banks.
 
The economic expert attributes the deprivation of a number of local banks from foreign transfers to
     their lack of banking relationships with global correspondent banks such as JP Morgan and Citibank,
     unlike banks owned by foreign investors, which maintain extensive correspondent banking networks. 

He pointed out that those banks in which foreigners hold significant stakes continue to dominate the remittance sector,  benefiting from their global network of relationships.  He explained,
 
"I find it essential for the Central Bank of Iraq to diversify the basket of currencies used in emittances by adopting alternative currencies such as the  Emirati dirham, the Chinese yuan, and the  euro.
 
I also call on the Central Bank to   guarantee a number of Iraqi banks that adhere to international standards, in order to   facilitate the opening of accounts for them with international banks    such as Citibank and JPMorgan." 

He added that the  US sanctions imposed on 32 Iraqi banks remain, in his view, unjust and illogical, as they      disrupt the structure of the banking system,     negatively impact opportunities for competition and growth,     limit the liquidity of these banks, and     leave them vulnerable to bankruptcy. 

The continued ban on dollar transactions for 32 Iraqi banks not only  leads to a decline in liquidity, according to the expert, but also  threatens the loss of thousands of jobs at these banks, whether they have been closed or restricted in their operations. It also   deepens the crisis of confidence in these banks as intermediary institutions.
 
This situation has forced many companies and individuals to deal only with "dominant" banks, reducing the opportunities for local banks in the market.
 
The economic expert noted that  if
     reform efforts continue and   international standards are fairly applied,we may witness a real   decline in the role of the black market and a  gradual return of committed local banks to competition on a more equitable basis.    
  
https://www.alsumaria.tv/news/economy/531261/اقتصادي-يؤشر-أمرًا-يؤدي-إلى-انخفاض-السيولة-وفقدان-آلاف-الوظائف-في-العر  

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

De-dollarization has been Quietly Rolling

De-dollarization has been Quietly Rolling

Gold Telegraph:   6-24-2025

BREAKING NEWS: ONE OF THE COPPER MARKET’S BIGGEST-EVER SQUEEZES IS UNFOLDING ON THE LONDON METAL EXCHANGE

The glue of the economy. The biggest story you probably have not heard of.

“Spot copper traded at a $345-a-ton premium to three-month futures on Monday…”

Source: https://www.bloomberg.com/news/articles/2025-06-23/copper-faces-historic-squeeze-with-lme-stockpiles-depleting-fast

The United States now faces the prospect of foreign nations repatriating $245 billion worth of gold. Countries around the world are sending America a big message. Remember this if you see negative press on gold in the main stream media.

BREAKING NEWS: THE CUSTODIANS OF TRILLIONS OF DOLLARS OF GLOBAL CENTRAL BANK RESERVES ARE EYEING A MOVE AWAY FROM THE GREENBACK INTO GOLD ACCORDING TO THE OMFIF

The trend continues…

“Gold seen as biggest winner from dollar diversification…”

Source: https://www.reuters.com/world/china/central-banks-eye-gold-euro-yuan-dollar-dominance-wanes-2025-06-24/

Just wow. @judyshel

The interest payments on US debt = 3% of the United States GDP.

Judy Shelton:  Powell asked if he is worried about high cost of financing U.S. national debt? No comment, he pleads, because that would be commenting on a fiscal matter.

If the head of the Federal Reserve can’t grasp how monetary policy helps enable the national debt in America… You have a problem.

Germany and Italy hold the world’s second and third-largest gold reserves, right behind the United States, and they are making moves to repatriate it. Meanwhile, we all know China owns more than they disclose. The U.S? They keep promising to audit Fort Knox. The stage is set.

As @LukeGromen points out, why are central banks suddenly so vocal about piling into gold and easing away from the dollar? The de-dollarization trend has been quietly rolling for years, with gold at its heart. It was initially mocked because physical gold is the one thing the West can’t print or sanction. That represents a threat to the current system.

1971: The U.S. ditched gold tied directly to the system because it couldn’t cover its promises.

2025: The promises are bigger, and the creditors are watching.

Gold Telegraph:  President Nixon “temporarily” suspended the gold standard in 1971 because the U.S. couldn’t cover foreign dollar claims. Today, The U.S. holds just over $800 billion in gold, which has NOT been audited, but owes over $7 trillion to foreign creditors. Just think about this for a second.

BREAKING NEWS: CHINESE COPPER SMELTERS RAMP UP EXPORTS TO ESCAPE SQUEEZE ON THE LONDON METAL EXCHANGE.

Things are getting intense… The glue of the economy.

“At least 30,000 tons of copper from smelters including Jiangxi Copper and Tongling Nonferrous Metals Group are poised to be delivered to LME warehouses…”

Source: https://www.bloomberg.com/news/articles/2025-06-25/chinese-copper-smelters-ramp-up-exports-to-escape-squeeze-on-lme

Source(s):   https://x.com/GoldTelegraph_/status/1937163508619067712

https://dinarchronicles.com/2025/06/25/gold-telegraph-de-dollarization-has-been-quietly-rolling/

Some “Iraq International News” Posted by Clare at KTFA 6-25-2025

KTFA:

Clare:  IMF: Iraq has made progress in transitioning to a new system for financing foreign trade.

6/25/2025

The International Monetary Fund (IMF) mission considered that the Central Bank of Iraq has achieved "significant progress" by transitioning to a new system for financing foreign trade.

A statement issued by the bank quoted the mission as confirming that "the Central Bank of Iraq has made progress in absorbing excess liquidity by increasing the issuance of short-term debt instruments (central bank transfers and Islamic certificates of deposit), adjusting subscription limits for banks in central bank auctions, and improving liquidity forecasting tools and practices."

The statement added, "The mission commended the Central Bank of Iraq's efforts to successfully transition to the new trade finance system," noting that commercial banks now process trade finance transactions entirely through their relationships with correspondent banks.

According to the mission, "the Central Bank of Iraq has made significant progress by transitioning to a new system for financing foreign trade through correspondent banking channels, instead of relying on the daily dollar auction."

According to the statement, the mission indicated that "this development has contributed to enhancing banks' compliance with international transparency requirements, such as OFAC regulations and others, and improving their relationships with global correspondent banks."

The statement added that this step resulted in narrowing the gap between the official dollar exchange rate and its parallel exchange rate, indicating relative success in curbing illegal speculation and reducing currency leakage.

The statement continued, citing the IMF mission, that "the methodology for managing foreign exchange has become more effective than before, especially with the Central Bank of Iraq continuing to implement complementary measures such as requiring traders to submit genuine import invoices and simplifying procedures for obtaining hard currency for legitimate importers."   LINK

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Clare:  The IMF mission commends the Central Bank of Iraq.

June 25, 2025

The International Monetary Fund (IMF) mission, led by Jean-Guillaume Poulain, which met with the Central Bank of Iraq (CBI) from May 4 to 13, 2025, commended the CBI's work in several areas. It confirmed that the CBI has made progress in absorbing excess liquidity by increasing the issuance of short-term debt instruments (CBI drafts and Islamic certificates of deposit), adjusting subscription limits for banks in CBI auctions, and improving liquidity forecasting tools and practices.

The statement issued by the International Monetary Fund stated that the mission commended the efforts of the Central Bank of Iraq to successfully transition to the new trade finance system, indicating that commercial banks now process trade finance transactions entirely through their relationships with correspondent banks.

The Central Bank of Iraq has achieved significant progress by transitioning to the new system for financing foreign trade through correspondent banking channels, instead of relying on the daily dollar auction. This development has contributed to enhancing banks' compliance with international transparency requirements, such as OFAC regulations and others, and improving their relationships with global correspondent banks.

This step has resulted in narrowing the gap between the official dollar price and its parallel price, indicating relative success in curbing illegal speculation and reducing currency leakage. The foreign exchange management methodology has become more effective compared to the past, especially with the Central Bank of Iraq continuing to take complementary measures, such as requiring traders to submit genuine import invoices and simplifying procedures for obtaining hard currency for legitimate importers.

In parallel, the mission welcomed the progress made in the use of digital technology and the Iraqi authorities' intention to implement a comprehensive reform of the banking sector, calling for its completion to be accelerated without delay.

The Iraqi government, with technical support from the International Monetary Fund and other international bodies, has begun implementing initial steps to reform government banks, including auditing the quality of assets, estimating the size of non-performing loans, and developing a draft plan to restructure the two largest government banks (Rafidain and Rashid) financially and administratively.

The Iraqi financial sector has also witnessed an increasing trend towards digitization and the adoption of modern financial technology, whether in electronic payment services or the launch of banking platforms via the Internet and mobile phones.

The International Monetary Fund believes that these technical improvements, along with steps to enhance cybersecurity in banks, promote financial inclusion, expand private banking activity, and restructure government banks, will enhance the efficiency of financial services and increase foreign correspondents' confidence in the Iraqi banking sector.

The report also noted the expansion of private banks' activity in trade finance and small business financing, with expectations of further increases if obstacles are removed. Initiatives to enhance financial inclusion, modernize electronic payment systems, and reduce reliance on cash in the economy are also crucial to strengthening banking depth. The Central Bank of Iraq launched a national financial inclusion strategy during the first half of 2025.

The report also included important recommendations to enhance financial stability and facilitate the transfer of monetary policy effects to the real sector, including: reducing the phenomenon of dollarization, in which Iraq has made significant progress over the past two years; the importance of accelerating the completion of the comprehensive restructuring plan for banks to enhance their solvency; the importance of strengthening corporate governance for banks, developing digital infrastructure and cybersecurity for the financial sector; strengthening the role of private banks in financing economic development; and continuing to improve anti-money laundering and counter-terrorism financing procedures.

 It is also important for the Central Bank of Iraq to continue increasing the issuance of short-term securities to ensure better management of excess liquidity.

 Central Bank of Iraq 

Media Office

https://cbi.iq/news/view/2916

Clare:  Nearly $1 billion in international funding for Iraq to implement a massive transportation project.

6/25/2025

The World Bank announced on Wednesday that it had approved $930 million in financing to improve railway performance in Iraq, boost domestic trade, create jobs, and support economic diversification. The bank confirmed that the project will be completed in 2037 and will include eight Iraqi governorates .

The bank stated in a statement received by Shafaq News Agency, "Under this financing, the Iraq Railways Extension and Modernization (IREM) project will modernize the railway infrastructure and services between Umm Qasr Port in southern Iraq and Mosul in northern Iraq, contributing to reducing travel and transportation time, increasing freight volume, as well as improving infrastructure and sustainable transportation services and providing them to users and passengers ."

He added, "The Middle East is witnessing a significant boom in the development of regional railways, which enhances trade routes within the region and with Asia and Europe, and contributes to enhancing connectivity services and driving economic growth in the region. These regional initiatives include the Iraq Development Road , which was announced in May 2023 with the aim of transforming Iraq into a pivotal transportation hub by linking the Gulf region with Iraq, all the way to the Turkish border and from there to Europe ."

The bank also noted that, "Once connectivity to existing ports and infrastructure is enhanced, this route could significantly increase trade flows within Iraq and across the region. Given that Iraq's railway sector suffers from limited connectivity, poor repair and maintenance services, and a lack of funding, investments in the existing railway network are considered an essential first step towards enhancing connectivity at the national and regional levels ."

In this regard, the World Bank's Regional Director for the Middle East, Jean-Christophe Carré, said, according to the statement, "As Iraq transitions from reconstruction to development, enhancing trade and connectivity services can stimulate economic growth, create new job opportunities, and reduce dependence on oil. This project is of great importance in transforming Iraq into a regional transportation hub and achieving the goals of Iraq's development path, which are improving connectivity services, diversifying economic activity, and raising growth rates ."

He stressed that "the project will expand and modernize the railways in Iraq by rehabilitating and modernizing 1,047 kilometers of existing railway lines linking Umm Qasr Port to Mosul via Baghdad, in addition to supporting the modernization of the fleet of locomotives and train cars, renovating the maintenance workshop in Baiji, and purchasing the necessary equipment and spare parts. The project will also work to enhance private sector capital participation in the establishment of dry ports and logistics service centers that provide sustainable, highly skilled job opportunities. The project will also enhance railway safety by implementing a comprehensive safety management system, modernizing infrastructure, improving railway crossings, implementing community awareness campaigns, enhancing emergency preparedness, and training workers ."

 The project will also include technical assistance to improve the institutional performance of the Iraqi General Railway Company, develop an action plan for railway sector reform, and identify opportunities for private sector participation. Additionally, the project will provide training programs for Iraqi General Railway Company employees and support women's participation in the sector, according to the statement .

He stressed that "the Iraqi General Railway Company will implement the project under the supervision of the Ministry of Transport. To support successful and rapid implementation, an international company will be contracted within the framework of the project to manage capital expenditures and support the Iraqi General Railway Company in its efforts to build institutional capacity to manage large capital expenditure programs and manage the implementation of project contract packages.

The project will also prioritize active participation by citizens and local communities, and establish a community-led planning and monitoring mechanism that enables citizens to receive regular updates on progress and express their opinions and feedback on implementation ."

He pointed out that "by 2037, the renovated railway line is expected to transport 6.3 million tons of domestic freight, 1.1 million tons of exports/imports, and 2.85 million passengers, including unpackaged primary commodities (such as grains or construction materials) and containerized goods (such as industrial and consumer goods). The railway will cross eight Iraqi governorates, enhancing integration across the federal Republic of Iraq and benefiting nearly 17 million people ."

The World Bank statement noted that "the project will shift freight traffic from trucks to trains, significantly reducing damage to roads and lowering annual maintenance costs. The project will create more than 3,000 full-time construction jobs over seven years. Once railway operations and sector-wide expansion work commence, the project is expected to create 21,900 jobs annually by 2024. "  LINK

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Clare:  Iraq faces a "golden opportunity" following the regional truce. Will it capitalize on it?

6/25/2025

Following the cessation of the 12-day war between Israel and Iran, Iraq has a "golden opportunity" to assume a pivotal role in the region. It can capitalize on the regional calm to reduce tensions, develop a new vision for its national security, and strengthen international and trade relations. This will have an initial impact on the Iraqi economy, according to observers.

However, translating this calm into real economic gains, according to observers, remains contingent on the Iraqi government's ability to accompany it with radical internal reform that ensures the rule of law and frees economic decision-making from the grip of militias. Otherwise, it will be little more than a truce that deprives Iraq of the opportunity to advance.

positive effects

In this context, the Prime Minister's financial advisor, Mazhar Mohammed Salih, said, "Regional calm in the Middle East, particularly among Iraq's neighbors, could have a direct and profound positive impact on the Iraqi economy."

Saleh explained to Shafaq News Agency, "The Gulf states, Turkey, and Iran may increase their investments in Iraq in the areas of infrastructure, energy, transportation, and agriculture, and provide Iraq with the opportunity for stability, especially to implement its geo-economic project, the 'Development Road' project."

He continued, "In addition to attracting Arab and foreign investments to operate in the industrial economic cities linked to the development project, we are working with minimal risk and the highest degree of stability. All of these factors are linked to the degree of stability in regional security and its repercussions on our country."

He asserts that "the more attractive and stable the investment environment becomes for foreign investors, the more costs will decrease as profit opportunities grow."

Saleh points out that "one of the best foreign investment opportunities, in addition to the development path, is competition for joint investment in natural resource sites (except for the oil and gas industry), as this is a promising vital field for investors."

"golden opportunity"

This is also the view expressed by Hussein Al-Sa'bari, the deputy chairman of the parliamentary investment committee, who said, "The regional situation has calmed down following the cessation of the war between Iran and Israel, and relations between Arab and regional states have become closer. Therefore, the Iraqi government must capitalize on this atmosphere to become a hub and a link between the parties, in order to ensure regional development."

Al-Sa'bari told Shafaq News Agency, "The current situation represents an opportunity for political development and international and commercial relations, which requires Iraq to assume its primary role in the region and capitalize on this golden opportunity."

Economic researcher Ahmed Eid agrees with Hussein Al-Saabari, stating that "the regional de-escalation between Iran and Israel presents an opportunity to reduce tensions in the region, which will initially have a positive impact on the Iraqi economy through reduced insurance and transportation costs, improved market sentiment, and relative stability in the dinar exchange rate. It may also contribute to reducing financial pressures on the general budget and boosting temporary investor confidence."

conditional economic gains

However, Eid noted in an interview with Shafaq News Agency that "translating this calm into real economic gains remains contingent on the Iraqi government's ability to accompany it with effective internal reform. External stability is important, but it cannot compensate for the rampant corruption in all Iraqi state institutions, which devours investment opportunities, paralyzes projects, and undermines the business environment."

He continued, "As for an increase in investments or a reduction in financial risks in Iraq as a result of this calm, yes, relatively speaking, but that depends on two factors: the duration of the stability and the extent to which investors are convinced that this calm is not temporary, and the second is the Iraqi government's ability to keep pace with this calm with internal reforms, such as improving the business environment and reducing security and militia interference."

He explains, "If this is achieved, regional calm could reduce Iraq's credit rating risks, thus encouraging some hesitant Gulf, Turkish, or Iranian investments, and enhancing opportunities for debt refinancing or obtaining international loans at lower interest rates."

strategic opportunities

Eid asserts that "Iraq possesses clear strategic opportunities, represented by expanding trade with neighboring countries (Turkey, Iran, and the Gulf), and attracting investments in renewable energy, particularly from European and Gulf companies that are monitoring the situation."

He added, "As well as reviving postponed projects such as the Basra-Turkey railway line or the Grand Faw Port, and utilizing Iraq as a transit corridor between the Gulf and Europe via the 'Development Road' project, and revitalizing the religious tourism sector and attracting visitors from Iran and the Gulf without security concerns."

Accordingly, Eid says, "External political stability is a necessary condition for attracting capital, but it is insufficient unless accompanied by internal reforms that guarantee the rule of law and free economic decision-making from the grip of armed groups. Any regional calm without radical internal reform will be nothing more than a temporary truce that deprives Iraq of the opportunity to rise."

A New Vision for National Security

The regional truce is not limited to economics, as military expert Alaa Al-Nashou explains, "The region is exposed to rapidly evolving events amid regional and international tensions, which requires Iraq to develop a new vision for its national security."

Al-Nashou explained to Shafaq News Agency, "Countries around the world rely on security capabilities, which include intelligence, accurate information, control, command, information security, facilities, and personnel. All of this enhances the country's national security. Therefore, Iraq needs a security vision related to a balanced foreign policy for the sake of common interests, and a rejection of interference and submission to any state."

The military expert asserts that "Iraq must build a future based on real security foundations that are linked to securing Iraqi society by strengthening cooperation with Arab, regional, and international national security."   LINK

Bruce’s Big Call Dinar Intel Tuesday Night 6-24-25

Bruce’s Big Call Dinar Intel Tuesday Night 6-24-25  

Transcribed By WiserNow Emailed To Recaps

Welcome everybody to the big call tonight. It's Tuesday June 24th - I had to think for a minute, and you're listening to the big call. Thanks for tuning in again tonight. Looking forward to a good call with y'all tonight. Definitely have a lot of information. Can't wait to hear what Sue has for us tonight and what Bob is going to bring. We just we're just ready to roll.

So thank you, Bob. Appreciate that very much. It's excellent. All right, let's get into the Intel a little bit here. Now, here's what has happened, even on Monday, yesterday – we had word that the screens at the redemption centers were up but for only about an hour - and of All the currencies, that we heard about – we got a report on the Iranian Riyal,  wonder what they are going to do with Iran -  because we knew that the currency had come off of the screen a few days prior  - there was Monday  or Tuesday of last week it had come off the screens  with all of the fighting that was going on -  missiles back and forth

Well the rate was up - yesterday  and it was over $3.00 on the Rial  - so that was interesting -  and today we heard from a redemption center leader that said that they had of the 24 different currencies - that we expect to be in the first and only offering – only nine had come up on the redemption center screens  - and they were solid -  they weren't blinking, flashing or whatever, they had solid rates.. Okay. That’s good  9 down  - 15 to go – and that’s about where we stand – they have more that need to populate – more that need to come up

So that's where we are at the redemption centers. And we have heard from about four different sources that are saying almost the same thing, and one of our sources said, come this Thursday, two days from now, we would all have a big smile from ear to ear on our face. We'd be happy. We'd be smiling. Another source said we would be a couple more days. Just wait a couple more days and we would be getting notified.

Another source said we would be the releases would be starting late afternoon, Thursday. Okay, let's define my late afternoon. For me, it's four, five or 6pm when you get into seven o'clock, you're really into the evening. So let's say 4 / 5 / 6, afternoon, Eastern. In this case, we should be getting notifications. All releases come out.

Now, when we say releases, I don't like the word, because it can mean different things. I believe it could mean our notifications, but I hope that's what it means. It can also mean funds being released for bond holders. Our bondholders are hearing that they should have access to their funds Thursday or Friday.

And I think if we can get our 800 number release, the email releases to us, the emails release, we would have numbers Thursday, late afternoon, in time for drum roll, please, the big call celebration call, because we would have a call, you know, Thursday night, two nights from now, we would have a call with an 800 number, and we would make sure everybody has it, and we could celebrate and do a nice, short call. That's what I would hope would happen.

 It's not absolute, but that's what it's pointing to right now, Every major source, and they're not that many that are weighing in. There are, I guess,4 that have come in. They are saying they expect things to happen starting Thursday

 Listen, if we get our numbers Thursday afternoon we set our appointments, you still jump over and catch the big call Thursday night, and you set your appointment for Friday or Saturday, whatever, then we should be off and running -  We're off to the races, as they said, right? That's what I would hope for.

All our currencies back up on the screens. We are in favor of redemption centers because the rates will be better for us. I know this Zim rate is going to be what he said on par with our US dollar, and we've got the contract rate available to us on the Iraqi dinar, and I've told you guys where that is last time we looked it was mid 90s.

 And of course, everything else accordingly -  of course. So that's that's as far as we go on that topic

Let's talk about what's been happening in Iran and Israel and the successful bombing run with our b2 bombers and our cluster bunker busting bombs that were dropped in  etc etc etc , we did it it was a created  green light for us to go forward. And I'll tell you another thing.

The Chinese elders were still in this thing, big time, sequestered. They wanted it to happen tomorrow. They wanted peace to be set with Iran and with Israel by tomorrow. President Trump did that. President Trump did that  -

Now, both Iran and Israel both violated the little peace treaty by getting their last licks in shortly after the 12 hour period it started.

 However, hopefully, that's it. Hopefully that is it.

 And yes, did we decimate the nuclear capability of Iran by taking out those installations where they're refining that uranium and so on? Yes, we did. I mean, some people put out, oh, I don't think we got it all. Are they're going to start a program in a few months, start back. Don't count on it. Don't even count on it - They got them and they and I don’t think there is any uranium that's out, or that's that was snuck out of there. The opposite happened. They actually put more stuff in the bunkers, thinking they were safe there.

And I've been paying attention to a lot of different things, and that's the best information, I think, so far that's come out of it. So is it a done deal? We'll have to see. To just pray there is no more ramifications from those issues so we can enter into a period of peace, which is a major part of GESARA - a  period of peace without conflict or war – that’s kinda a  major part of it.

Now, what about the start of NESARA? That's our part of it, and we're also in the way part of the GESARA -  we've got the new USN currency. It's asset backed.

We're already completely on the quantum financial system. Finally, everybody is interconnected and on it globally. Okay, we said they were before, and they sort of were, and sort of all weren't, but now we understand they all are -  good for us, so that's a positive thing.

And now that the crypto currencies are lined up to digitally back the USN, that's good to go those two are going to work in concert, the assets which could which are gold, silver, platinum, crude oil, natural gas, etc, etc. There's quite a few assets that they use to back up the value of our USN dollar and United States Treasury note, USTN printed, yeah.

And you know, what's funny about it is that printed over two and a half years in the banks already and in our redemption centers shrink wrapped, probably in in totals of 1000 probably, and they want us to take between, say, three and 5000 if we want it, we don't have to take the new the new USTN cash. You're not a cash person, don't worry about it. But if you are, you know you can take some of these new notes.

And of course, it comes off your total with Wells Fargo. Let's see what else is pertinent. We can forget an increase in Social Security this month, that did not happen for anybody that I know of that received social -  RNR is still going to be at the redemption center for us, and it'll come in direct deposit  by they have a bank account – If you do not have a check account  you will get a US Treasury check or a certified check mailed  from Wells Fargo  

DOGE --  may not start until July -  I don't know. Was supposed to get this month didn't happen. Increase in Social Security didn't happen this week, I know, been a week ago, so those four things, RV, RNR, DOGE,  increase in Social Security. Those things will probably start for us, Hopefully Friday. Get notified Thursdays  - set appointments, Friday or Saturday.

You know, we're in, we're in, we're off and running. That's what I wanted to say about that. Is there anything of value to us? Oh, I know one other thing. Bond holders are flying in as of 6:30 Eastern tonight. Let's call it 330 Pacific this afternoon into Reno – and they are coming in for final  vetting  to make sure they are who they say they are and get accounts settled.

And I think they'll probably get some idea when they'll have access to funds. I think they'll have access  quite possibly Thursday or Friday. Probably maybe some won't get access tomorrow, but I think it's going to end up being Thursday or Friday. So those flights are coming in.

There'll be a flurry of those coming in tonight that already started this afternoon, like I said, at 330 Pacific, and that should continue for the next, oh, four or five days. That will be something that will be ongoing. They won't catch everybody every two days that will take at least four or five days to complete. We should be well under our way this weekend, and I know the 4th of July  - and I heard NESARA

 could we've heard it could officially start, or be announced, or be, you know, underway, if you will, with the information that we're looking to hear officially, July 1, July 3, July, 4. They've been all those dates. Don't know. I know that. I know President Trump wanted us to be started with NESARA, at least started with it by the Fourth of July.

And I hope that we get, you know, a full synopsis of what it's going to include, you know, by Fourth of July, or on the Fourth of July, and then we'll take it and go go from that point on. I know we're getting toward the end of the month. I know today is the 24th right? Yep, 24th so we have another week left in the month or more, yeah, that's right, another week, because the 31st is the last day of June, June 30, right? June 30, that's right.

So we've got a little less a week ago, and then we have the week of the first week of July. So we've got some time between now and the fourth for them to get this started. And I believe we will start this weekend, whether that's Friday or Saturday or us. We should.

That's what we've got, as far as the Intel so far. And I like what we've heard, because it sends it all tended to agree on something positive happening for us on Thursday, even if it only notifications - we're over 50% there guys, we get notified the 800 number can call the redemption centers  and set our appointments. We're golden. We really are. We're all set. Now beyond that, what else is going on?

Now to what I wanted to bring to you guys tonight, I will look forward to more information tomorrow, Thursday before Thursday night's call. I'm hoping that we have holds up and we do get the releases, which I hope to our emails Thursday before the call, and I can put that number up my understanding. Want me to do that. All they need to do is provide a number and we'll put it out on Thursdays home.

Thank you sue so much for everything that you're doing and I've done for the last almost 10 years, Bob will have been able to be thank you everybody for these 14 years, about this week, one ahead of this before we end off July completely, let's pray to call out before my voice  cracks

Everybody. Have a great night, and we will see you Thursday.

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Seeds of Wisdom RV and Economic Updates Wednesday Afternoon 6-25-25

Good Afternoon Dinar Recaps,

BIS: Stablecoins Fail as Money, Call for Strict Limits on Their Role
By Cointelegraph | June 2025

The Bank for International Settlements (BIS) has issued a sharp critique of stablecoins, asserting they fail to meet key monetary standards and pose risks to financial integrity and sovereignty.

According to the newly released BIS Annual Economic Report 2025, stablecoins fall short of three essential criteria that define money in a modern financial system: “singleness,” “elasticity,” and “integrity.”

“Stablecoins perform poorly when assessed against the three tests for serving as the mainstay of the monetary system,” the BIS wrote.
Rather than functioning as true money, stablecoins are described as “digital bearer instruments” that more closely resemble financial assets.

Three Failures: Singleness, Elasticity, and Integrity

• Singleness: Central bank-issued money is accepted at par and universally trusted. In contrast, stablecoins are issued by private entities and often trade at fluctuating rates, undermining monetary uniformity.

• Elasticity: Traditional banking systems allow for liquidity expansion as needed. By contrast, the BIS noted, stablecoins require full upfront payment, making them a “strict cash-in-advance setup” ill-suited for absorbing market shocks or handling high-volume payments.

• Integrity: The report raised the most serious concerns about financial crime.
Stablecoins, especially those used with unhosted wallets on public blockchains, were flagged as vulnerable to money laundering, sanctions evasion, and terrorist financing.

“Stablecoins have significant shortcomings when it comes to promoting the integrity of the monetary system,” the BIS warned.

Stablecoins Should Play a Limited Role

Despite recognizing the appeal of stablecoins—particularly for cross-border transactions and lower fees—the BIS advised that their role in the financial system be strictly limited and tightly regulated.

“Society can re-learn the historical lessons about the limitations of unsound money,” the report cautioned.
“Bold action by central banks and other public authorities can push the financial system along the right path.”

Market Impact and Crypto Reactions

Following the BIS report, Circle (CRCL)—issuer of USDC—saw its stock drop over 15%, closing at $222 on Tuesday after hitting a record high of $299 the day before.

The crypto community responded critically.

Jim Walker, chief economist at Aletheia Capital, remarked:

“The BIS is hysterical in its opposition to crypto. The first criterion—being backed by a central bank—should make it a laughing stock given the historical failures of those institutions.”

Tokenization Praised

Not all digital finance was dismissed. The BIS praised tokenization as a “transformative innovation”, calling it a promising path for next-generation monetary infrastructure.

Rather than replacing the financial system, tokenization was described as building upon it—a nuanced but important distinction from the harsh critique of stablecoins.

@ Newshounds News™
Source:  Cointelegraph

~~~~~~~~~

GENIUS Act May Be Tied to CLARITY Bill in the U.S. House: A Turning Point for Crypto Regulation
By Coinpedia | June 2025

The U.S. House of Representatives is considering merging two landmark crypto bills—the recently passed GENIUS Act and the CLARITY Act—into a single legislative package that could reshape digital asset regulation across the United States.

“Together, these two bills could finally bring the structure and national guidelines the crypto industry has long demanded.”

What’s Happening?

▪️ The GENIUS Act (Government-Enacted National Infrastructure for Uniformity in Stablecoins) passed the Senate on June 17 with a 51–23 vote—marking the first major crypto bill to clear the chamber.

▪️ In the House, Republican Majority Whip Tom Emmer is now leading efforts to tie the GENIUS Act to the CLARITY Act (Digital Asset Market Clarity Act of 2025), which has already cleared the House Financial Services Committee and awaits a full vote.

Emmer believes passing both bills together is the only way to bring “a full and unified framework” to the U.S. crypto ecosystem.Why the CLARITY Act Matters

The CLARITY Act would clearly define how digital assets are categorized—such as securities vs. commodities—and outline federal rules for usage, trading, and issuance of crypto tokens across all 50 states.

Currently, crypto firms face a patchwork of conflicting state regulations, slowing innovation and increasing compliance costs. By creating one national rulebook, the combined legislation would unlock a simpler, safer environment for businesses and consumers alike.

Trump’s Push for Quick Passage

Former President Donald Trump has publicly urged the House to pass the GENIUS Act as-is, without adding the CLARITY Act. His supporters argue that swift action is needed to give stablecoin issuers regulatory clarity.

But critics, including Democratic lawmakers, see political risks. Trump has ties to World Liberty Financial, a stablecoin project, and some allege he stands to benefit personally if the law passes in its current form.

Political Pushback: The COIN Act

In response, Senator Adam Schiff introduced the COIN Act (Curbing Officials’ Income and Nondisclosure) on June 23, aiming to prevent presidents, vice presidents, and senior officials from profiting through crypto while in office or shortly after.

Schiff’s proposal adds another layer of complexity—and raises questions about whether crypto regulation can proceed without addressing potential political conflicts of interest.

What Most People Don’t Know

If passed, the merged bills could eliminate the need for crypto startups to navigate 50 different legal systems, significantly lowering the barrier to entry for innovation in the U.S.

For users, this could mean wider access to digital assets, fewer transaction barriers, and greater consumer protections—all under one consistent national framework.

Bottom Line:
The merging of the GENIUS and CLARITY Acts represents a critical moment for crypto legislation in the U.S. While support is growing for comprehensive regulation, political tensions and personal interests could complicate the path forward.

@ Newshounds News™
Source: Coinpedia

~~~~~~~~~

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Trust Lost in Banking System and US Dollar

Trust Lost in Banking System and US Dollar

Liberty and Finance:   6-25-2025

In a recent interview with Liberty and Finance, Dr. Mark Thornton painted a stark picture of the global economic landscape, highlighting a pervasive and growing distrust in fiat currencies, with the U.S. dollar at the forefront.

This erosion of confidence, he argues, is directly fueling a resurgent interest in gold as a stable and reliable monetary asset, an interest that extends from individual investors to powerful central banks.

Dr. Thornton’s analysis points to a confluence of factors contributing to this seismic shift. At the heart of the matter lies a deepening skepticism towards government fiscal policies and the inherent inflationary nature of fiat systems. He asserts that both everyday citizens and institutional players are recognizing the vulnerability of paper money to the ravages of inflation, the consequences of unchecked government spending, and the looming specter of broader economic instability.

“Confidence in traditional banking is eroding,” Dr. Thornton stated, attributing this decline to a trifecta of issues: an overabundance of regulation that stifles innovation and creates inefficiencies, a persistent pattern of fiscal irresponsibility from governments, and the Federal Reserve’s ongoing adherence to inflationary monetary policies.

 These factors, he contends, are systematically undermining the trust that underpins the value of fiat currencies like the dollar.

Beyond domestic concerns, Dr. Thornton also shed light on the geopolitical dimensions of this monetary recalibration. He suggested that international conflicts are frequently rooted in battles over monetary control, with nations like China and Russia actively working to challenge and ultimately undermine the dominance of the U.S. dollar in the global financial system.

This strategic maneuvering, driven by a desire for greater economic sovereignty, further bolsters the appeal of gold as an alternative store of value, independent of any single nation’s monetary policy.

Despite the challenging prognosis for fiat currency systems, Dr. Thornton’s outlook is not entirely without hope.

He expressed a degree of optimism regarding the potential for a transition towards a more robust and stable economic future, one underpinned by sound money principles.

 In his view, the increasing embrace of gold and silver as monetary assets represents a crucial step in this direction.

“A shift toward sound money—especially gold and silver—could offer a more stable economic future,” he concluded, emphasizing that these precious metals have historically served as anchors of value during times of economic uncertainty.

For those seeking a deeper understanding of these complex economic dynamics and Dr. Mark Thornton’s insightful perspectives, the full video interview is available on Liberty and Finance. It offers a compelling exploration of why the age-old allure of gold may be poised to reclaim its position as the ultimate arbiter of value in a world increasingly wary of paper promises.

https://youtu.be/NV8op9G1Gpk

News, Rumors and Opinions Wednesday 6-25-2025

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

RV Excerpts from the Restored Republic via a GCR: Update as of Wed. 25 June 2025

Compiled Wed. 25 June 2025 12:01 am EST by Judy Byington

Judy Note: Intel obtained by the new StarLink Satellite system indicated that the people of Iran didn’t want war. They were working toward a regime change. New elections would also bring them the ability to participate in the Global Currency Reset and be able to trade with 207 other nations – something forbidden if they were at war.

In order to participate in the Global Currency Reset (which was in the process of completing this week) and trade with 207 other nations, the Mid East nations could not be at war.

Tues. 2 June 2025: The Fed is Dead …Nesara Gesara QFS on Telegram

The Federal Reserve has (allegedly) come to an end. No vote. No news. There was no coverage in the news. But behind the scenes, a sovereign, asset-backed monetary system is already being put into place, and the reset is no longer(allegedly)  a future event. It’s here.

The phrase “sovereign system” means what it always should have: a national currency that belongs to the people and not to a private banking cartel. For more than 100 years, Americans have lived under a fiat system run by central bankers who were not elected. That time is (allegedly) coming to an end, quietly.

The U.S. Debt Clock, which is one of the few public signs that shows real systemic change, has moved. “Federal Reserve Notes” have been changed to “Future U.S. Treasury Dollars.” They didn’t change that language by accident. It was a sign. The Federal Reserve is (allegedly) being phased out, and a currency issued by the sovereign Treasury is already in the modeling stage. It will probably be put into use soon with military oversight.

The media fills people’s heads with noise, distractions, and cultural decay, but the real work of changing America’s financial system is already going on. And it’s not just a theory. It’s measured.

The real price of gold is (allegedly) $8,974 an ounce. The real value of silver is(allegedly)  $1,132 per ounce. There are 364 paper claims on silver for every real ounce.

These numbers show that the system you’ve been stuck in is rigged. Your wages, savings, and buying power are all based on fake prices, manipulated indexes, and fake debt. You’re not just getting paid less than you should. You’ve been made a slave to a currency that was never meant to help you.

But that system is falling apart. The same models say that there is now more than $173 trillion in asset-backing potential, including land, metals, hard commodities, and money that was stolen from corrupt globalists over the years. Fraud operations, black budgets, and offshore laundering channels have(allegedly)  brought back another $7.5 trillion.

This isn’t a dream. The numbers show that each citizen could (allegedly) get more than $508,000 in sovereign wealth, not as handouts but as the start of an economy without debt or interest.

No loans from the central bank. No traps for compound interest. No skimming by a third party. Simply direct sovereign value, which is measured, issued, and traded peer-to-peer on safe, decentralized networks.

This new model would (allegedly) save more than $1 trillion a year just by getting rid of federal interest payments. By eliminating middleman banking fees, each adult saves another $39,000 a year. That’s not a hypothesis. That’s a model that already exists; it’s now active but not spoken about.

So why isn’t CNN covering it? Why hasn’t Bloomberg explained why the Debt Clock’s terms have changed? Why hasn’t financial Twitter said anything?

Because you weren’t meant to know. The elites who built the fiat empire are (allegedly) watching it fall apart. The fewer people who know what’s going to happen next, the easier it is for them to stay in charge during the collapse.

This has nothing to do with crypto. This isn’t just a belief system. This is the last fight between freedom and slavery, debt and sovereignty.

Trump was aware. And the sovereign system he helped start is now a reality. It’s alive, and the clock is already ticking.

You can stay loyal to the old system’s last gasps…Or enter a new economy that is meant to set you free.

Read full post here:  https://dinarchronicles.com/2025/06/25/restored-republic-via-a-gcr-update-as-of-june-25-2025/

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

Militia Man   A real effective exchange rate for Iraq is not 1310.  The data supports it...It supports something significantly different. Fact. That's my impression that I believe to be fact. 

 Frank26   [Iraq boots-on-the-ground report]   FIREFLY:  K2 here for the next 36 months helping us doing audits...K2 came out and said Iraq was well far ahead of their deletion of the 3 zeros project and monetary reform than they even thought...  FRANK:  K2 is going to help you guys police your currency to make sure nobody touches it, the new exchange rate, the banks are not being abused.  K2 is for that purpose.  Why are they there now? ...Relax my friend.  Your turn is coming.

Delinquencies, Defaults, Denial: The Fed’s Blind Spot Grows | Danielle DiMartino Booth

Kitco News:  6-24-2025

Federal Reserve Chair Jerome Powell returned to Capitol Hill this week, facing mounting political and economic pressure.

 Bond markets are now pricing in two rate cuts by December, even as Powell warns that inflation could reaccelerate this summer.

 In his testimony, Powell acknowledged that rates are now only “modestly restrictive” and refused to commit to cuts, despite rising delinquencies, falling home prices, and consumer stress.

Joining Kitco News is Danielle DiMartino Booth, CEO and Chief Strategist at QI Research and former advisor to the Dallas Fed.

DiMartino Booth argues that the Fed is again behind the curve, dismissing recession signals and risking another policy error.

 She outlines her thesis that the U.S. economy is already in contraction, student loan defaults are accelerating, and housing weakness could soon drive inflation lower.

Key topics:

-Powell’s testimony and the July rate cut debate

-BLS job revisions and labor market deterioration

-Student loan delinquency crisis and GDP risk

-Housing price declines and shelter inflation

-Tariff-driven input costs and policy paralysis

-Credit crunch signals and market dislocation

-What would shift her outlook to ‘stabilization’

 00:00 Introduction

00:52 Powell's Testimony and Market Reactions

02:14 Interview with Danielle DiMartino Booth

04:56 Student Loan Crisis and Economic Impact

 08:21 Housing Market Trends

11:46 Oil Prices and Geopolitical Factors

 13:00 Fed's Policy Dilemma and Market Expectations

19:20 Conclusion

https://www.youtube.com/watch?v=FDY7hIKU2cU

Wednesday Coffee with MarkZ . 06/25/2025

Wednesday Coffee with MarkZ . 06/25/2025

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: Hi everyone! It's a wonderful Wednesday!

Member: Good morning Mark, mods and fellow RV’ers

Member: Did the dinar just show up on forex?

MZ: Yes…briefly about 10 pm last night…… and with different values. 722.00 to one US dollar popped up last night. (Mark shows screenshot) and we saw some transitions up to a 1 for 1. There was sheer craziness for about 30 minutes. The dinar doubled in value within moments. Something is going on. Is the system updating??? Are values being tested??? It was awfully exciting.

Member: Testing the waters?

Member: We want this and not a LOP Mark Z this is great news !!!!

Member: Dong also adjusted 12% down and back the other day

MZ: The chatter this morning is off the charts….and has drummed up the anticipation big time. But we cannot cash those checks yet.  

Member: Will we see you wear the gold hat and shirt tomorrow?

MZ: Bond folks have suddenly seen meetings speeded up to this afternoon and evening…coupled with new rates showing up on currency sites last night….specifically on the Iraqi dinar….they fluctuated from 722 to roughly a dollar or parity of a 1 to 1…..

MZ: So throw all of that together and maybe . Noone knows the date and rate….so stay calm. But things are certainly interesting.

Member: Mark on one of the other sites …someone said it's going in 72 hours

Member: Frank said if you had your currency less than 1 year it could be taxed 40% and over a year at 20%?

MZ: I have not seen anything to support that. We won’t know for sure until we cross the finish line. But almost none of the people I have spoken with believe that is accurate.

Member: Hopefully NESARA will be implemented at the same time, and the only tax we will be subject to is a consumption tax on new items only.

MZ: “ IMF: Iraq has made progress by transitioning to a new foreign trade financing system” A new banking system which is part of the second phase of the financial reforms.

MZ: “World Bank: The development path will significantly increase trade inside Iraq at the regional level” The world bank is contributing 1 billion dollars for improving railways, international trade ect….The world bank is throwing big money at the development road project.  They are also giving $400 million to Syria and others in the region for infrastructure.

Member One would think that if they revalued their currency…..they could afford things without a billion dollar loan???

Member: Trump is in Hague with the NATO meetings. The World court is in Hague. Does he need to meet with them to sign off on Gesara?

MZ: It is my understanding everything has already been signed off. But, it is interesting that Trump is in Hague where the World Court is. We were told this may be where they say the final “go”

Member: Ed of Ocala always said the World Court had the final say

Member: What is your gut feeling on timing Mark?

MZ: My gut feeling is I should wait and find out what the bond folks learn today…...but right now it feels like they may do something this week. I feel good.

Member: I had a gut feeling once...then realized it was the jalapeños I had on my pizza…lol

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

Member: I heard the start of Q3 we will see the benefits of the tarrifs..so possibly the RV will be in that

THANK YOU MARK, MODS, AND COMM FAMILY!! SEE YOU TONIGHT AT 7:00 PM EST. FOR ANOTHER GREAT PODCAST WITH ZESTER!! MARK IS TRAVELING HOME.

MZ: I will give Zester any updates I get for the podcast tonight.

Member:  Thanks and have safe Travels Mark……Maybe this week is finally “IT”

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

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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.

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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=UuaG-iCyM50

Seeds of Wisdom RV and Economic Updates Wednesday Morning 6-25-25

Good Morning Dinar Recaps,

India Reveals New Details About BRICS Currency: Launch Still Years Away
By Watcher Guru | June 2025

The much-anticipated BRICS common currency, once touted as an imminent challenger to the U.S. dollar, remains far from launch. Despite attention-grabbing announcements and mock-ups from leaders like Russian President Vladimir Putin, new statements from Indian officials reveal the project is still in its infancy.

BRICS Currency Still in 'Very Early Stage'

India’s Sherpa and Secretary of Economic Relations, Dammu Ravi, has publicly acknowledged that the development of a BRICS currency is “at a very early stage.”

“The discussions are still in their nascent steps and have a long way to go for the formation,” Ravi stated.

Despite the BRICS bloc—Brazil, Russia, India, China, and South Africa—floating the idea as early as 2023, real progress remains limited. Ravi’s remarks suggest that a BRICS currency may take years—if not decades—to become reality.

Challenges Ahead: Framework, Consensus, and Central Bank

The formation of a common currency within a multi-nation bloc like BRICS is a consensus-based effort, meaning all member nations must agree on every element—from economic frameworks to geopolitical implications.

Key requirements still missing include:

▪️ A unified policy framework
▪️ A functioning central monetary authority or central bank
▪️ Clear guidelines for currency management and cross-border transactions

This level of coordination across five (or more) sovereign economies is complex and unprecedented.

Geopolitical Catalyst: U.S. Sanctions Sparked the Idea

The original push for a BRICS currency stemmed from a growing backlash against U.S. sanctions, particularly those impacting developing nations. The BRICS bloc began exploring alternatives to the dollar-dominated financial system, with currency independence seen as a strategic defense mechanism.

While the White House’s use of economic sanctions prompted this movement, U.S. policymakers shouldn’t dismiss the potential threat—even if the currency launches decades from now.

“Even if it is launched after 25 years, it still poses a threat to the U.S. dollar’s global supremacy,” the report notes.

A Symbol vs. Substance—For Now

At the 16th BRICS Summit in Kazan, Putin publicly showcased a mock-up BRICS banknote, sparking media speculation that the project was nearing launch. However, this now appears to have been more symbolic than substantive.

Despite over two years of discussion, the BRICS currency remains in the conceptual phase. India’s remarks signal that public hype may be running far ahead of institutional readiness.

Bottom Line:
While the idea of a BRICS currency continues to grab headlines and stir speculation, officials now admit the project is still in the brainstorming phase. The dream of challenging dollar dominance remains alive—but reality is still far over the horizon.

@ Newshounds News™
Source:  Watcher Guru

~~~~~~~~~

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Read the Fine Print - Buyer Beware!!

Read the Fine Print  - Buyer Beware!!

Maurie Backman  Mon, June 23, 2025   Moneywise

Georgia roofer is out $12,000 after State Farm approved homeowner's claim — then refused to pay out in full

When Cumming, Georgia, homeowner Venkat Garikapati's roof sustained heavy wind damage in 2021, he filed a claim with his home insurance company, State Farm, to have it fixed.

However, State Farm only approved the replacement of 38 shingles and estimated the cost at $1,422.15 — less than Garikapati's $2,500 deductible — and closed the claim without paying, according to Atlanta News First. But Garikapati's roofer, David Garner, disputed the insurance company's assessment.

"It was torn all to pieces," Garner told the local broadcaster of the roof's condition. "More than 70 shingles were creased or missing."

Garner, along with a public adjuster, spent years trying to prove to State Farm that Garikapati's roof needed a full replacement to avoid further damage and leaking, reports Atlanta News First. State Farm kept denying the claim before finally approving a full roof replacement on April 25, 2024 — more than three years after the original claim.

"They are never shy on collecting the monthly premium at all, but to get this approved took quite a long time," Garikapati said.

Garner went ahead and did the work. But after the initial "actual cash value" check cleared, State Farm refused to pay the replacement cost in full, citing a clause in Garikapati's insurance policy that stipulates a repair or replacement must be completed within two years of the date of loss to receive additional payments.

As a result, Garner is out $12,000 — and he blames State Farm fully.

Local roofer in the lurch

When a contractor does work on a home and isn't paid for it, they may be able to place a lien on the home. However, Garner doesn't want to do that to Garikapati.

"It's not the homeowner's fault that this is taking place," Garner said.

Despite the clause in Garikapati's insurance policy, Atlanta News First reports an attachment to State Farm's approval estimate stated: "Replacement cost benefits will be issued contingent completed of roof replacement and submission of photos, submission of photos, certificate of completion and or signed contract agreement with service provider."

But when Garner submitted the paperwork, he said State Farm wouldn't pay up.

"What am I supposed to do?" Garner asked. "I've already built the roof. I paid for the materials. I paid for the labor. Everything's done."

Garikapati filed a complaint with the Georgia Office of Insurance and Safety Fire Commissioner in January, per Atlanta First News, but that went nowhere.

“The whole reason this claim took a long time to get approved is because deny and delay, deny and delay,” Garner said.

Atlanta News First says it looked at recent complaints filed with the commissioner’s office and found that State Farm, the state's biggest insurer, had 892 complaints in 2024, up 126% from 2022. It also found that Allstate had 770 complaints, up 77% from 2022, while Progressive had 557, up 49% from 2022.

TO READ MORE:  https://finance.yahoo.com/news/georgia-roofer-12-000-state-120000790.html