Economics, News Dinar Recaps 20 Economics, News Dinar Recaps 20

Tidbits From TNT” Thursday Morning 7-17-2025

TNT:

Tishwash:  Kurdistan Region ratifies new financial agreement with Baghdad

 The Kurdistan Regional Government's Council of Ministers approved a new understanding with the federal government on Wednesday, which includes mechanisms for disbursing salaries and financial dues to the region's employees, in addition to mutual financial and oil commitments.

The council held its meeting, chaired by Prime Minister Masrour Barzani, with the participation of Deputy Prime Minister Qubad Talabani, according to an official statement issued by the regional government.

TNT:

Tishwash:  Kurdistan Region ratifies new financial agreement with Baghdad

 The Kurdistan Regional Government's Council of Ministers approved a new understanding with the federal government on Wednesday, which includes mechanisms for disbursing salaries and financial dues to the region's employees, in addition to mutual financial and oil commitments.

The council held its meeting, chaired by Prime Minister Masrour Barzani, with the participation of Deputy Prime Minister Qubad Talabani, according to an official statement issued by the regional government.

At the beginning of the meeting, the Council of Ministers condemned the terrorist attacks targeting the region's oil fields, which led to material losses in the energy sector, stressing that their aim was to harm the economic infrastructure. The Council called on the federal government to take firm legal measures to stop these attacks and hold those responsible accountable.

The meeting also discussed the negotiating process with the federal government regarding the financial situation and salaries of the region's employees, with the Prime Minister and his deputy providing a detailed explanation of the results of the talks held in Baghdad yesterday.

According to the statement, the understanding included the federal government sending salaries and financial dues to the region in accordance with the new agreement. The Council of Ministers welcomed these understandings and decided to proceed with their implementation.

In a related development, Ali Hama Salih, head of the "Mawqif" bloc in the Kurdistan Parliament, wrote in a Facebook post that the regional government, under the agreement, agreed to deliver 120 billion dinars per month in local revenues, in addition to 230,000 barrels of oil per day to Baghdad.  link

Tishwash:  Learn about the details of the new financial agreement between Baghdad and Erbil.

An informed source revealed details of a new financial agreement concluded between the federal government in Baghdad and the Kurdistan Regional Government on Wednesday, aiming to settle salaries, oil exports, and unify revenues .

The source told Al-Sa'a Network, "The agreement stipulates that the Kurdistan Regional Government will hand over 240 billion dinars in revenues for the months of May and June, at a rate of 120 billion dinars per month, in addition to handing over 230,000 barrels of oil per day to Baghdad, in exchange for the latter sending the salaries of the region's employees for those two months ."

He pointed out that "the regional government will actually begin the process of handing over local revenues from border crossings, along with the agreed-upon amount of crude oil, as part of implementing the terms of the new agreement ."

The source added, "The next phase will witness meetings between joint technical committees to review and audit figures and statistics related to oil exports and imports, as well as to discuss the region's share of the federal budget  link

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

Tishwash:  American companies seek investments in Iraq's gas sector.

ectNew tender issued for a floating liquefied natural gas (LNG) terminal pro

 With Iraq suffering from a severe gas and electricity shortage, especially in the summer, and insufficient domestic production, a large portion of which is flared as associated gas, and with gas imports from Iran having fallen by more than half, the country has re-tendered the construction of a floating storage and regasification unit (FSRU) to convert liquefied natural gas into gas for use in power plants.

The American company Accelerate Energy currently appears to be the favorite to implement this project. 

A report published on the American energy news website Oil Price indicates that Iraq's plan to begin importing liquefied natural gas (LNG) this summer has not been successful, prompting the government to urgently revise its ambitions for the floating terminal.

With electricity demand increasing and gas supplies scarce, the Ministry of Oil has re-tendered the FSRU in an attempt to secure regasification capacity in time for summer 2026. US-based Accelerate Energy is now the most likely supplier, after a previous agreement with the UAE's Breeze Investment failed to advance.

The report states that timing is critical, as Baghdad faces another peak season without enough gas to stabilize the electricity grid, while US sanctions and fluctuating Iranian supplies are narrowing Iraq's fuel options.

 The FSRU project will not only provide a technical solution, but could also be a turning point in Iraq's foreign energy policy by opening a commercial channel for importing gas from the United States.

Initial plans to import LNG were drawn up in early 2024, when the Ministry of Oil issued a limited tender to lease an FSRU, which would dock at one of the southern ports (Khor al-Zubair or Umm Qasr) and feed a 1.2 GW power plant under construction near Basra. Officials had hoped to have the unit operational before the peak summer of 2025, but this goal has not been met.

According to a report by MEES on July 11, initial talks with Breeze Investment stalled in June after the company's vessels were reassigned. Ezzat Saber, the deputy oil minister for gas affairs, told reporters that the government had urgently re-tendered the contract and expected to sign it within 10 days. However, any new agreement would likely extend beyond the current summer window, as contract timing, permitting, offshore infrastructure preparation, and ship commissioning all take time. Even if a quick deal is signed in July, gas flows are unlikely before the second quarter of 2026.

Baghdad is currently in active talks with Accelerate, which participated in the tender with Breeze earlier this year and is now the only viable short-term supplier. Accelerate owns a global fleet of regasification vessels and has recorded successful operations in several other countries. Its Exemplar vessel is reportedly completing a short mission in the Mediterranean and could reposition to Iraq in early 2026 if contracted soon.

For this reason, LNG imports are Iraq's most visible response to the gas supply crisis that has affected the electricity sector for more than a decade. Associated gas collection and processing remain insufficient and often flared, while non-associated fields remain undeveloped. The deficit peaks in the summer, when electricity demand exceeds 30 gigawatts. Production is expected to fall by more than 6 gigawatts during peak periods this year.

Iraq has long relied on gas and electricity imports from Iran to bridge its deficit, but this lifeline is beginning to shrink. In March 2025, the Trump administration allowed the sanctions waiver that had allowed Iraq to import electricity from Iran to expire, halting those imports and triggering emergency measures.

 While the waiver allowing the import of Iranian gas remains in place, supplies have declined sharply. In early 2025, Iraq was receiving around 50 million cubic meters per day of Iranian gas, but by June, that figure had fallen to around 25 million cubic meters, according to government data.
The anticipated FSRU represents more than just a temporary solution; it will give Iraq its first access to international LNG markets and open a new, seamless supply channel.
From the United States' perspective, Accelerate's potential role as a supplier and operator presents an opportunity to strengthen strategic energy economic ties with Baghdad.

According to a Bloomberg report, with Iranian gas imports declining by about 25 million cubic meters per day, Iraq reported in early July a decrease in electricity generation capacity of about 3.8 gigawatts. link

Mot:  Sooooooo -- How Ya Get an old lady to Cuss!!!???

Mot:  Ya Know!!! -- It's all about priorities!!!!  

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MilitiaMan & Crew:  Iraq Dinar News-Oil-Salaries-Budget-Exchange Rate Arrangement-

MilitiaMan & Crew:  Iraq Dinar News-Oil-Salaries-Budget-Exchange Rate Arrangement-

7-16-2025

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

Welcome back to our channel! In today’s video, we dive deep into the complex world of the Iraq Dinar, exploring critical topics that are shaping Iraq's economic landscape.

 In this episode, we discuss:

MilitiaMan & Crew:  Iraq Dinar News-Oil-Salaries-Budget-Exchange Rate Arrangement-

7-16-2025

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

Welcome back to our channel! In today’s video, we dive deep into the complex world of the Iraq Dinar, exploring critical topics that are shaping Iraq's economic landscape.

 In this episode, we discuss:

The Baghdad-Kurdistan Agreement: What does this agreement mean for regional stability and economic cooperation? break down its implications for governance and resource sharing. Salaries and the Oil Budget:

How does Iraq's oil revenue impact public salaries and the overall budget?

We’ll analyze the challenges faced by the Iraqi government in managing its finances amidst fluctuating oil prices.

 Budget Schedules:

Stay informed about the timelines and processes that dictate how Iraq allocates its budget. We’ll cover the key dates you need to know!

The Central Bank's Role:

 Discover how recent actions by the Central Bank have affected Iraqi banks and the broader economy.

We’ll discuss the challenges these institutions face and the steps being taken to address them.

 IMF Exchange Rate Arrangement:

Get insights into the International Monetary Fund's role in Iraq's economy, particularly regarding exchange rate policies and how they influence the value of the dinar.

https://www.youtube.com/watch?v=t3axVHEtd68

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VELOCITY OF MONEY From Recaps Archives

Occasionally Dinar Recaps will be posting Exchange Tips and information from our archives for our newest readers that may be helpful for you at our exchange appointments and Post RV. Not all information may apply to you and your personal situation…..Take what you like and leave the rest:  Some you may want to save for your own personal records! We hope all our dreams come true very soon ~ Your Dinar Recaps Team

VELOCITY OF MONEY - From Virginia Gentleman

I know I don’t have to state the obvious …GO HAVE FUN WITH SOME OF YOUR NEW FOUND WEALTH. However, I would like to pass on some words of wisdom.

As we get ready to punch it in, please remember to act like you’ve been in the End Zone before. Take a deep breath and exhale slowly as you collect yourself with the full intentions of acting with class and integrity.

Respectful treatment of others will be an inherent responsibility of your new status, as well as respectful treatment of your money and assets. You owe this to yourself, your family, your neighbors, and your heirs.

Occasionally Dinar Recaps will be posting Exchange Tips and information from our archives for our newest readers that may be helpful for you at our exchange appointments and Post RV. Not all information may apply to you and your personal situation…..Take what you like and leave the rest:  Some you may want to save for your own personal records! We hope all our dreams come true very soon ~ Your Dinar Recaps Team

VELOCITY OF MONEY - From Virginia Gentleman

I know I don’t have to state the obvious …GO HAVE FUN WITH SOME OF YOUR NEW FOUND WEALTH. However, I would like to pass on some words of wisdom.

As we get ready to punch it in, please remember to act like you’ve been in the End Zone before. Take a deep breath and exhale slowly as you collect yourself with the full intentions of acting with class and integrity.

Respectful treatment of others will be an inherent responsibility of your new status, as well as respectful treatment of your money and assets. You owe this to yourself, your family, your neighbors, and your heirs.

Don’t hoard it, and on the other hand, don’t waste it or give it all away. Save, invest, and spend wisely.

 One of the single best things you can do with a small portion, and in effect a very small portion, is to be more generous over at least the next 18-24 months (or the longer) spending your money locally. What do I mean? The answer is the ‘VELOCITY OF MONEY’.

The Velocity of Money is a fairly simple financial concept where a ‘community’ can be positively impacted by the way a group of individuals increase the spending of their money in their economy, and in turn, the ripple effect of that spending as it accelerates throughout that same economy.

It can be local, regional, national, and even global. Velocity of money is most effective in a smaller market with the smaller more predictive population of a local economy, and it isn’t just effective, it is fun for the people spending their increased earnings, or in this case, significant returns on an investment. Yep, that is you!

Anyone who has ever lived in a small town or Suburban area where a new large company has come in and opened a large facility and hired a large amount of employees has witnessed this phenomenon.

Money gets pumped in and spending from increased disposable income begins to spread out through the entire community finding its way into the wallets of all the inhabitants.

The goal is to spend your money at local establishments on services, appliances, home improvements, food, entertainment, and such.

More precisely on things like tipping an extra 5-15 percent, using a valet to park at the local steakhouse (tipping extra), go hear a local band (put money in the tip jar), buy cheese or pork or beef at a farmers market instead of 2 month old shrink wrapped processed cheese from a Big Box store or grocer, get an extra manicure or haircut (tipping extra!), get your car repaired at the mechanic down that side road instead of Walmart or the Dealer, buy those nicer hiking boots ‘Made In America’.

Get your computer cleaned up by that geek in the shop she set up in the old 7-11 building, buy your lumber from the local milled lumber supplier not the National Chain hardware store, deal with a local community bank or credit union with a substantial portion of your money… you get it now right.

Think about it. You may be spending either the same amount or perhaps an extra 10-20%, and you’re getting the same things… OFTEN WITH THE BONUS OF MUCH HIGHER QUALITY PRODUCTS WHILE GETTING TO KNOW YOUR NEIGHBORS ON MAIN STREET!!!

I personally look forward to trying some of the world’s best Craft Breweries in Richmond (tipping generously) and touring some of Virginia’s wineries (tipping generously)… jealous of you Kentucky folks that can tour the best ‘Bourbon’ distilleries on the planet, or you ‘Whiskey’ lovers in Tennessee just outside of Fayetteville down the Admiral Frank B Kelso highway or those in Nashville who can wander in a restaurant and catch a ‘local’ band like Kenny Chesney, lol. Believe it!

By doing this the dominoes of positive change begin to fall within your local community. The ripple effect is that the waiters, mechanics, manicurists, hairstylists, valet, carpenter, plumber, artisan cheesemaker, farmer, and others in your community begin to make more money.

And what do they do? They go out and spend more, tip more, consume more. Your local tax authority makes more sales tax revenue and spends it on improvements.

 I’m in America, but the Velocity of Money is true in Canada, Great Britain, Iraq, Vietnam, or anywhere. And guess what? Since this is fun stuff you’ll be doing while spending your hard earned money, you will also be wearing a BIG smile.

There is nothing more infectious and quick to spread goodwill than passing on your smile accompanied by kind words. So be wise with your prosperity and have some fun …LOCALLY.

Even pay attention to those companies being loyal corporate citizens to us through the new incentives to stay and manufacture here, and be loyal to them.

The fruit you bear will fall from your tree and spread its seeds…

Live and grow in the nine fruits of the Spirit and you will sow the nine fruits…

Love, Joy, Peace, Patience, Kindness, Goodness, Gentleness, Faithfulness, and Self-Control.

Take care –Virginia Gentleman

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Economics, News Dinar Recaps 20 Economics, News Dinar Recaps 20

History’s Repeating, this Signal Crashed a Major Economy

History’s Repeating, this Signal Crashed a Major Economy

Steven Van Metre:   7-16-2025

The video presents a detailed analysis of a looming economic crisis centered on China’s economy, which investors increasingly believe is on the brink of collapse.

It highlights how the bond market, specifically long-term Chinese Treasury bond ETFs, is signaling expectations of a deep recession in China—contrary to misleading headlines suggesting investors are merely seeking safety.

The video uses U.S. economic data trends, particularly bond yields and GDP correlations, to illustrate how bond markets typically lead economic downturns.

History’s Repeating, this Signal Crashed a Major Economy

Steven Van Metre:   7-16-2025

The video presents a detailed analysis of a looming economic crisis centered on China’s economy, which investors increasingly believe is on the brink of collapse.

It highlights how the bond market, specifically long-term Chinese Treasury bond ETFs, is signaling expectations of a deep recession in China—contrary to misleading headlines suggesting investors are merely seeking safety.

The video uses U.S. economic data trends, particularly bond yields and GDP correlations, to illustrate how bond markets typically lead economic downturns.

Investors are speculating that China’s monetary easing efforts by the People’s Bank of China (PBOC) will fail to stimulate the economy effectively, prompting expectations of aggressive rate cuts and deflationary pressures.

The video emphasizes that monetary policy alone cannot revive growth if demand remains weak because new money creation depends on borrowing, and when borrowing contracts, money is effectively destroyed. This dynamic is reflected in falling commercial loan growth and weak consumer demand globally, including in the U.S.

China’s economic indicators show mixed signals: while GDP targets have been met, they mask fragile domestic demand and a housing market in steep decline.

Consumer retail sales, especially discretionary spending, have fallen sharply, signaling deeper economic pain. Despite government subsidies, the broader economy is deflating, with consumer price deflators in decline for nine consecutive quarters and real estate prices falling at their fastest pace in months.

The risks extend beyond China, with global spillover effects expected as Asian, European, and American economies face similar demand contractions.

U.S. data show slowing loan growth due to falling demand, weakening consumer spending power, and potential labor market vulnerabilities as manufacturers front-run tariff impacts with rising inventories but declining new orders.

The video concludes by warning that this bond-market-led signal resembles those preceding past financial crises, suggesting the global economy could be headed for another downturn.

 It contrasts this grim outlook with a brief promotion of Next NRG, a company pioneering AI-driven clean energy solutions, highlighting its growth potential amid the evolving energy landscape.

https://youtu.be/S-naHkVvXas

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More News, Rumors and Opinions Wed. PM 7-16-2025

KTFA:

Clare:  IMF Explains Iraq's Exchange Rate Arrangement

16th July 2025   By John Lee.
 
The International Monetary Fund (IMF) has issued a brief explainer on Iraq's exchange rate arrangement.

As part of a follow-up to last week's report on the state of the Iraqi economy, the IMF clarified as follows:

"Exchange Rate Arrangement

"Iraq's de jure and de facto exchange rate arrangements are classified as a conventional peg arrangement. The Central Bank Law gives the Board of the Central Bank of Iraq (CBI) the authority to formulate exchange rate policy.

KTFA:

Clare:  IMF Explains Iraq's Exchange Rate Arrangement

16th July 2025   By John Lee.
 
The International Monetary Fund (IMF) has issued a brief explainer on Iraq's exchange rate arrangement.

As part of a follow-up to last week's report on the state of the Iraqi economy, the IMF clarified as follows:

"Exchange Rate Arrangement

"Iraq's de jure and de facto exchange rate arrangements are classified as a conventional peg arrangement. The Central Bank Law gives the Board of the Central Bank of Iraq (CBI) the authority to formulate exchange rate policy.

"Effective February 8, 2023, the official exchange rate was set at ID 1,320 according to the closing prices of the daily bulletin of gold & main currencies published on the CBI website (www.cbi.iq).

"There has been a change to Iraq's exchange system since the last Article IV Consultation. Iraq continues to avail itself of the transitional arrangements under Article XIV, Section 2 but no longer maintains any restrictions under this provision.

Iraq does not maintain any current account exchange restrictions or MCPs [Managed Currency Pegs].

Starting January 2025, all international transactions have been routed through commercial banks via their correspondent banking relationships (CBRs).

"The Central Bank of Iraq (CBI) replenishes these balances weekly based on foreign exchange demand and conducts audits to ensure that the allocated funds are used in compliance with AML/CFT regulations. Private banks are also encouraged to broaden their CBR networks, particularly with non-U.S. financial institutions."   LINK

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

Clare:  Kurdish leader: Federal Council of Ministers to hold emergency meeting tomorrow... reason to be revealed

 7/16/2025

Mahmoud Khoshnaw, a leader in the Patriotic Union of Kurdistan (PUK), revealed that an emergency meeting of the federal cabinet will be held tomorrow to discuss the outstanding issues between Baghdad and Erbil, most notably the salaries of Kurdistan Region employees and oil exports.

 Khoshnaw told Al Furat News: "A meeting was held recently in the region to discuss the salaries issue, and resulted in the approval of a draft memorandum of understanding between the two sides regarding the resumption of oil exports through SOMO, in addition to regulating non-oil revenues."

He added, "Both sides are counting on the Federal Council of Ministers meeting tomorrow, Thursday, to reach a legal and constitutional solution that will end the crisis and put an end to the escalating tension between the central government and the region, particularly regarding financial rights."

Raghad

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

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

Frank26  Community Comment:   "The IMF just posted Iraq is not going to do anything with their exchange rate next year or the year after. We're screwed.  They're never going to raise the value."  Did you also see where the IMF posted Iraq is going through a revaluation of their currency right now?  Which one are you going to accept.

Militia Man  Everybody's ready to do business in Iraq.  Now we're waiting to see if we can get this over the edge at any time now.  We're hoping the resolution comes out of the oil deal with the Kurds and Baghdad.  It's all budget related.  That court case they postponed is effectively budget related because article 12-2C is an amendment for the '23/'24  budget... Before the parliament gets those 2025 budget schedules that's what I'm looking for.

'They've Been EXPOSED' - SILVER Shorts Have Lost Control: Andy Schectman

Commodity Culture:  7-16-2025

Andy Schectman believes that the recent bullish price action in silver is directly related to the big bullion banks losing control of their short positions, and being forced to cover and go long the metal, as fundamentals overtake price manipulation in a major paradigm shift.

Andy discusses why now could be the time for silver to run to $50 and beyond, how a high silver price could affect industrial demand, the recent BRICS Summit in Rio and its implications for gold and the US dollar, and much more

00:00 Introduction

01:11 Time For Silver to Run?

11:53 Silver Shorts Have Lost Control

16:48 Industrial Impact of $50 Silver

23:50 BRICS Summit in Rio

https://www.youtube.com/watch?v=gEo548O5BZI

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Economics, News Dinar Recaps Economics, News Dinar Recaps

Seeds of Wisdom RV and Economic Updates Wednesday Afternoon 7-16-25

Federal Reserve, OCC, FDIC Outline Expectations for Bank Digital Asset Custody

In a major shift toward integrating traditional banking with digital assets, U.S. federal banking regulators have issued a formal statement clarifying expectations for banks offering crypto-asset custody services.

Released jointly by the Federal Reserve Board, the Office of the Comptroller of the Currency (OCC), and the Federal Deposit Insurance Corporation (FDIC), the statement highlights operational and compliance expectations—but emphasizes that it does not create new supervisory rules, only reiterates existing obligations and risk considerations.

Federal Reserve, OCC, FDIC Outline Expectations for Bank Digital Asset Custody

In a major shift toward integrating traditional banking with digital assets, U.S. federal banking regulators have issued a formal statement clarifying expectations for banks offering crypto-asset custody services.

Released jointly by the Federal Reserve Board, the Office of the Comptroller of the Currency (OCC), and the Federal Deposit Insurance Corporation (FDIC), the statement highlights operational and compliance expectations—but emphasizes that it does not create new supervisory rules, only reiterates existing obligations and risk considerations.

Background: Trump-Era Regulatory Shift

This latest guidance comes amid broader regulatory reform under President Trump’s second administration, which has actively reversed prior restrictions on banks engaging in digital asset services.

One of the most notable reversals was the rescission of SEC Staff Accounting Bulletin (SAB) 121, just four days after Trump’s January 2025 inauguration. SAB 121, implemented during the Biden administration, had essentially prohibited banks from offering crypto custody services by imposing harsh capital treatment.

As a result, bank participation in digital asset custody was virtually nonexistent in 2023, according to data from the Basel Committee on Banking Supervision. However, by mid-2024, that figure surged to nearly $16 billion, signaling rapid institutional re-engagement with crypto safekeeping.

Core Focus: Risk Management and Staff Expertise

The statement places strong emphasis on staff competency and internal controls:

“Given the complexities of crypto-asset safekeeping, a banking organization’s board, officers, and employees should have the requisite knowledge and understanding... to establish adequate operational capacity and appropriate controls,” the regulators wrote.

Key areas of concern include:

  • Management of cryptographic keys

  • Third-party technology reliance

  • Compliance with anti-money laundering (AML) obligations

  • Adherence to the Bank Secrecy Act (BSA)

Even when custody is provided directly, the regulators note that most banks depend on third-party technology vendors, elevating operational and cybersecurity risks.

New OCC Head Has Crypto Background

In a related development, the Senate last week confirmed Jonathan Gould as the new head of the OCC, one of the three agencies issuing this guidance. Gould previously held a position at crypto mining and infrastructure firm Bitfury, alongside former acting Comptroller Brian Brooks, known for his crypto-forward stance during the Trump administration’s first term.

This unified federal statement signals a significant policy realignment, reinforcing the Trump administration’s intent to legitimize digital assets within the U.S. banking framework while ensuring regulators remain focused on safety, soundness, and compliance in a rapidly evolving financial ecosystem.

@ Newshounds News™
Source: 
Ledger Insights

~~~~~~~~~

China Settles $855 Billion in Trade With BRICS Countries in First Half of 2025

China has recorded a massive $855 billion in trade with BRICS member countries during the first half of 2025, signaling the continued realignment of global trade dynamics away from traditional Western dominance.

According to Lu Daliang, Director of the Statistics and Analysis Department at the General Administration of Customs, this total—equivalent to 6.11 trillion yuan—reflects a 3.9% year-on-year increase compared to the same period in 2024. Daliang confirmed the figures during a press conference, emphasizing the growing strength of the BRICS economic alliance.

BRICS Gaining Momentum in Cross-Border Trade

This surge in trade reinforces the broader strategy of BRICS to foster intra-bloc economic cooperation and reduce reliance on Western financial systems. In the first six months of 2025 alone, BRICS and partner countries accounted for 28% of China’s total foreign trade, showcasing a significant shift toward South-South collaboration.

China’s $855 billion trade with BRICS members was primarily driven by:

  • Chemicals and metallurgical products

  • Electronic components and industry goods

  • Petrochemical equipment

  • Metalworking machines

  • Agricultural equipment, including cotton harvesters and combines

This diverse portfolio of industrial trade underscores BRICS' growing independence and mutual interdependence in key supply chains.

China-SCO Digital Trade Platform: A Challenge to the USD?

In a parallel development, China proposed a new digital trading platform to enhance commerce with member states of the Shanghai Cooperation Organization (SCO). The proposal, announced during the SCO Global Mayors Dialogue held in Tianjin, hints at the possibility of bypassing the U.S. dollar in future transactions.

If implemented, such a platform could significantly impact the USD’s global dominance in international settlements, further supporting ongoing de-dollarization trends within the BRICS and SCO alliances.

Conclusion

As geopolitical and economic alliances deepen between China and its BRICS counterparts, the global financial order continues to evolve. With $855 billion in trade already settled in the first half of 2025, China’s strategy reflects a clear pivot toward a multipolar, non-dollar-dominated global trade structure—a development that will have lasting implications for global markets, monetary policy, and cross-border commerce.

@ Newshounds News™
Source: 
Watcher.Guru


~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's News Telegram Room Link

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Thank you Dinar Recaps

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Economist’s “News and Views” 7-16-2025

More US States Now Accepting Gold As Legal Tender | Andy Schectman & Jason Cozens

Thoughtful Money:  7-16-2025

The US Constitution clearly spells out that gold & silver -- and ONLY gold & silver -- are money.

But trying using them to buy something. Or pay your taxes.

Until very recently, you really couldn't. But now, an increasing number of US states have passed laws acknowledging gold & silver as legal tender again.

More US States Now Accepting Gold As Legal Tender | Andy Schectman & Jason Cozens

Thoughtful Money:  7-16-2025

The US Constitution clearly spells out that gold & silver -- and ONLY gold & silver -- are money.

But trying using them to buy something. Or pay your taxes.

Until very recently, you really couldn't. But now, an increasing number of US states have passed laws acknowledging gold & silver as legal tender again.

We discuss the why & the how of this with precious metals experts Andy Schectman and Jason Cozens.

Live audience Q&A will be taken in the back half of the discussion.

https://www.youtube.com/watch?v=cPte_DNWLS8

Gold or Silver? What Sound Money Insiders Are Betting On

7-16-2025

ITM’s Daniela Cambone reunites with Taylor Kenney behind the scenes at the Rick Rule Symposium in Boca Raton for a dynamic and candid conversation.

Taylor opens up about how she chooses her content themes—from de-dollarization to the role of gold—and why being on the ground with like-minded thinkers is so validating.

You also won’t want to miss the fun segment where Taylor hits the floor to ask attendees the big question: gold or silver?

Hear what they had to say—and where they believe prices are headed next.

https://www.youtube.com/watch?v=dXNaTVQi2Hc&t=112s

BRICS Central Banks Cut LBMA Out

Arcadia Economics:  7-16-2025

Let's just say that things between the BRICS and the West have not gotten better in recent times.

And this morning Vince Lanci explains how the central banks of the BRICS nations are now cutting out the LBMA.

https://www.youtube.com/watch?v=OSkO6EXU6yM

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Chats and Rumors Dinar Recaps 20 Chats and Rumors Dinar Recaps 20

Dear Fellow Currency Holders……

Sent to Dinar Recaps

Dear Fellow Currency Holders,

I have been waiting for the RV/Reset for almost 20 years. During that time Thousands of rumors have come and gone…..along with hundreds of Intel Providers.

I went from stages of huge excitement, to depression, to despair, to excitement again….to loss of faith and hope …to excited ……over and over again.

I am sure Many others feel the same. Ready to slap the “boy who cried wolf” .

Sent to Dinar Recaps

Dear Fellow Currency Holders,

I have been waiting for the RV/Reset for almost 20 years. During that time Thousands of rumors have come and gone…..along with hundreds of Intel Providers.

I went from stages of huge excitement, to depression, to despair, to excitement again….to loss of faith and hope …to excited ……over and over again.

I am sure Many others feel the same. Ready to slap the “boy who cried wolf” .

Yes, I still believe that Iraq will revalue their currency. Yes, It is logical that other countries will also revalue and balance trade eventually…..

Through it all …all the ups and downs and endless waiting…. I want to express my gratitude and give my thanks to all the Intel Providers and Currency sites that have kept us all “hanging in there”  Just in case our remaining time together is really short.

They have all given their time and considerable effort to try to find all the pieces and solve this huge RV puzzle . Yes many have come and gone…….but, many have also stayed in spite of trolls, negativity, personal attacks, and a big loss of their valuable time.

Thanks to all of you for your help, your research and your optimism.

Thanks to Dinar Recaps, Dinar Guru and Dinar Chronicles and to all the “Gurus” for consolidating all the rumors and news for us.

We all know that those who work there are fellow dinar holders waiting just like us…..and that you will be gone when the RV finally happens….so Thank you for all you have done.

It’s very possible that our time waiting for this reset is coming to an end. I just wanted tell everyone past and present that helped during this long journey how much we appreciate you all.  

God Bless and I wish all a “Happily Ever After”    May “Mr. Drysdale” be waiting for all of us “Clampets” to walk through those doors….soon.

Sincerely, and a huge thanks

 A fellow hopium addict, , dreamer and  RV traveler……..

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Chats and Rumors, MarkZ Dinar Recaps 20 Chats and Rumors, MarkZ Dinar Recaps 20

Wednesday Coffee with MarkZ. 07/16/2025

Wednesday Coffee with MarkZ. 07/16/2025

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: Happy hump day………

Member: Good Morning to Mark, Mods, and RVers

Member: Mark Z, I know you never give a date, but in your opinion, will the RV happen in2025?

Wednesday Coffee with MarkZ. 07/16/2025

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: Happy hump day………

Member: Good Morning to Mark, Mods, and RVers

Member: Mark Z, I know you never give a date, but in your opinion, will the RV happen in2025?

MZ: On the bond side – I still do not have permission to share what I know. But I think things will be clear in the next day or so if they have gone or not. I will share when I can.

Member: Your comment about the bonds and we should know in a few days…hope that means you think we could have your rate change by or over the weekend?????????

Member: Interested what your Iraq contacts are saying about Sudanis meeting with Kurds last night

MZ: “ Kurdistan Region agrees to a new understanding with Baghdad on salries and financial entitlements”  things are not yet complete but they have made massive steps in the right direction. Long term plans have been agreed on and oil is about to flow.

MZ: with 120 Billion dinars worth per month of local revenues would completely erase the deficit that Baghdad is facing.  It would balance the budget immediately…IMO it would allow quicker movement on the revaluation front.

Member: If they would ever release the budget

MZ: “Congress votes on amendment banning funding for Iranian organizations in Iraq”  So Iranian organizations had been funded in the past.  So they want to stop funding to Iraq that is currently going to Iranian factions.

Member:  Good News-Sudani went to Mosul to inaugurate the new Airport project. IMO- He wouldn't do that if the rate was 1310,looking great team.

MZ: “Minister of finance reveals the reason for the delay of approving the financial budget in Iraq”   They say a lot of things are changing financially……some kind of big changes coming to Iraq soon….they are hinting at it….changing the value of the dinar would be a big change. .

Member: Still no rats arrested and still no HCL. This month isn’t looking good IMO.

MZ: I have to disagree….I think this month is looking great.

MZ: I have a theory …..and I don’t want anyone to panic. But for this theory to be valid it would mean a value change very soon.

MZ: I got a call from a buddy in North Carolina who had just got 2 separate notices from 2 separate things…... for charge off from loans and credit cards. The loan is not associated with the credit card.

MZ: My theory is they are working on Nesara/Gesara. He had a $170,000.00 loan charged off as of September 25th. Sept 25th that loan will be gone. Also he got a notice from a personal credit card with a large balance…..it was also charged off…will be gone on September 25th.

MZ: Guess what is Sept 22-24? Rosh Hashana 2025. This is the Israeli New year where they dissolve debts. This is a Jubilee style event. Makes me think of Nesara/Gesara.

MZ: But for them to do this- we have to reset first. We were always told wiping debt would take a little time to complete……this blends in well but remember- it’s just a theory.

MZ: You all announced this last night: “Trump announces Trade deal with Indonesia”  they were one of the first countries to come to the table and finish negotiations.

Member: Rupiah... Trump talked about their minerals and copper yesterday. Maybe expect more from them than $1.47.

Member: Genius Act House vote today. The rumor is it calls out CBDCs like M Taylor Green says it did.

Member: What are the top things you are looking for to start the RV Mark?

MZ: My top 3 things are happening right now. We are watching the Erbil and Kurdish agreements getting knocked out of the way…..Watching the mobilization forces…or Iranian militias going away. And the banking reforms finished……I would like to see more disclosure of corruption….but was told that may come right after they announce the currency reset…...

Member: Have a great day, everyone. Happy birthday to all who are celebrating.

Member: Thank You Mark and Mods, enjoy the rest of your day..

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

https://rumble.com/v6w935m-coffee-with-markz.-07162025.html?e9s=src_v1_upp_a

https://www.youtube.com/watch?v=p4yHvOC2p40

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Gold and Silver, Economics Dinar Recaps 20 Gold and Silver, Economics Dinar Recaps 20

Huge GOLD News! Central Banks & BRICS Are About to Change Gold & Silver Prices Forever - Adrian Day

Huge GOLD News! Central Banks & BRICS Are About to Change Gold & Silver Prices Forever - Adrian Day

Money Sense:  7-16-2025

WisdomTree projects gold to reach 4,000 dollars by 2030 in its base case forecast, pointing to the steady expansion of the global money supply and increasing demand for hard monetary assets.

As economic uncertainty deepens, more investors are turning to stores of value that can preserve purchasing power amid ballooning debt, inflation risks, and declining confidence in traditional institutions.

Huge GOLD News! Central Banks & BRICS Are About to Change Gold & Silver Prices Forever - Adrian Day

Money Sense:  7-16-2025

WisdomTree projects gold to reach 4,000 dollars by 2030 in its base case forecast, pointing to the steady expansion of the global money supply and increasing demand for hard monetary assets.

As economic uncertainty deepens, more investors are turning to stores of value that can preserve purchasing power amid ballooning debt, inflation risks, and declining confidence in traditional institutions.

Adrian Day of Adrian Day Asset Management notes that if upcoming economic data comes in stronger than expected and interest rate cuts are delayed, it could temporarily ease the urgency behind the gold trade.

Still, he emphasizes that the broader picture remains firmly bullish. Central banks continue to accumulate gold as part of a long-term shift away from the dollar, which is increasingly seen as a political liability rather than a neutral reserve asset.

 A recent World Gold Council survey of more than 70 central banks found that 95 percent expect to increase their gold holdings this year, while most anticipate a decline in dollar reserves over the next five years. If this pace continues, 2025 is on track to mark another record year for central bank gold accumulation.

According to Day, this trend reflects rising concern among foreign institutions over the U.S. government’s use of the dollar as a geopolitical tool. From tariffs to sanctions, the weaponization of the dollar has undermined trust, especially among emerging economies and key trading partners.

That, combined with growing worries over the debt ceiling, fiscal irresponsibility, and questions surrounding the Federal Reserve's independence, continues to weigh heavily on the greenback.

Even if gold experiences a near-term pullback over the next month or two, Day views it as a buying opportunity. He admits that feeling so confident about gold’s long-term trajectory makes him slightly uneasy—but he believes the fundamentals strongly support the case for higher prices ahead.

 Gold touched a three-week high on Monday, driven by safe-haven demand after President Trump threatened new tariffs on both the European Union and Mexico. Meanwhile, silver also surged, nearing a 14-year peak and confirming the strength of investor interest across the precious metals sector.

Adrian Day notes that gold’s continued ascent is now capturing broader attention. Initially, many dismissed the rally as a short-term move, but as prices have steadily climbed, the market is starting to take it seriously.

That growing recognition alone is fueling more interest from both institutional and retail investors. This week, traders are closely watching upcoming U.S. economic data, notably the Consumer Price Index and Producer Price Index, for signals on the Federal Reserve’s next move.

 Market expectations currently point to 50 basis points of rate cuts before year-end, likely beginning in October. A declining interest rate environment has historically been favorable for gold, which carries no yield and becomes more attractive when real rates fall.

https://www.youtube.com/watch?v=Fynr014-Ydc

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Economics, News Dinar Recaps Economics, News Dinar Recaps

Seeds of Wisdom RV and Economic Updates Wednesday Morning 7-16-25

House Republicans Block Epstein Files Amendment to Landmark Crypto Bill

As “Crypto Week” begins in Washington, House Republicans have voted to block a controversial amendment to one of the most important crypto bills under consideration—one that would have compelled the Department of Justice (DOJ) to release the highly scrutinized Epstein files.

Democrats Propose Epstein Amendment to GENIUS Act

On Monday, the House Rules Committee rejected an amendment to the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, introduced by Representative Ro Khanna. The amendment sought to mandate that Attorney General Pam Bondi release and publish records related to investigations, prosecutions, or the incarceration of Jeffrey Epstein within 30 days of the bill becoming law.

House Republicans Block Epstein Files Amendment to Landmark Crypto Bill

As “Crypto Week” begins in Washington, House Republicans have voted to block a controversial amendment to one of the most important crypto bills under consideration—one that would have compelled the Department of Justice (DOJ) to release the highly scrutinized Epstein files.

Democrats Propose Epstein Amendment to GENIUS Act

On Monday, the House Rules Committee rejected an amendment to the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, introduced by Representative Ro Khanna. The amendment sought to mandate that Attorney General Pam Bondi release and publish records related to investigations, prosecutions, or the incarceration of Jeffrey Epstein within 30 days of the bill becoming law.

This effort came amid renewed Democratic pressure following criticism of how the Trump administration's DOJ handled the Epstein case, including its conclusion that Epstein’s death was a suicide and that no client list existed.

Democrats viewed the amendment as a way to leverage internal GOP tensions and force a vote that could place Republicans in a politically vulnerable position. Representative Marc Veasey also announced a resolution pushing for the full release of all Epstein-related DOJ files.

Rules Committee Prioritizes Crypto, Not Epstein Files

On July 14, the House Rules Committee voted 6-5 against including Khanna’s amendment. Republicans argued that the proposal was not relevant to the GENIUS Act, which is focused on stablecoin regulation, not criminal investigations.

The GENIUS Act—originally introduced by Senator Bill Hagerty—seeks to create a clear regulatory framework for stablecoins like USDT and USDC, placing them under Federal Reserve oversight. Supporters say it will “unleash innovation” and support President Trump’s vision of making the U.S. a global crypto leader.

Interestingly, Republican Representative Ralph Norman broke ranks to vote with Democrats in favor of the amendment, stating that “the public’s been asking for it.” However, Norman later opposed Representative Veasey’s separate resolution on procedural grounds, saying, “We’re talking about crypto, Jim. We’re talking about regulations.”

GENIUS and CLARITY Acts May Merge Ahead of August Deadline

The GENIUS Act already passed a full Senate vote in mid-June and is currently moving through the House of Representatives. Lawmakers have since discussed combining the bill with the CLARITY Act, another cornerstone crypto regulation proposal, to improve their chances of passing before the August recess.

However, Senate Banking Committee Chair Tim Scott has since signaled a new timeline, suggesting that GENIUS and CLARITY could advance independently to avoid procedural delays.

While the Epstein-related efforts were blocked, the broader legislative push around crypto regulation remains on track, with lawmakers aiming to finalize a framework that could reshape U.S. digital asset policy.

@ Newshounds News™
Source: 
Bitcoinist

~~~~~~~~~


Trump Cuts Deal to End Republican Revolt on Crypto Bills

President Donald Trump has intervened to restore Republican support for a suite of major cryptocurrency bills after a GOP revolt temporarily derailed progress over concerns about central bank digital currencies (CBDCs).

On Tuesday evening, Trump announced on his Truth Social platform that he had met with 11 of the 12 Republican holdouts in the Oval Office and secured their commitment to vote in favor of the bills when the House reconvenes.

“I am in the Oval Office with 11 of the 12 Congressmen/women necessary to pass the GENIUS Act and, after a short discussion, they have all agreed to vote tomorrow morning in favor of the Rule,” Trump wrote.

Crypto Bills Delayed Over CBDC Concerns

The Republican standoff halted Tuesday’s expected vote on three key crypto bills:

  • The GENIUS Act, which sets rules for stablecoin issuance

  • The Anti-CBDC Surveillance Act, which bans a Federal Reserve–issued CBDC

  • The CLARITY Act, a broader crypto market structure framework

Thirteen Republican lawmakers, including high-profile names like Marjorie Taylor Greene, Andy Biggs, and Anna Paulina Luna, opposed moving forward without an explicit ban on CBDCs included in the GENIUS Act.

Some wanted the three bills to be bundled into a single legislative package, while others sought amendments to further guarantee self-custody rights and block any indirect pathways to a government-backed digital currency.

“I just voted NO on the Rule for the GENIUS Act because it does not include a ban on central bank digital currency,” said Rep. Greene.

“The bill doesn’t guarantee self-custody,” added Rep. Biggs, calling for an open amendment process.

Trump's Executive Order Already Opposes CBDCs

Trump's re-engagement with crypto comes after he issued an executive order in January barring the Federal Reserve from developing a retail CBDC, a move that aligned him with the industry’s call for decentralized digital finance.

House Speaker Mike Johnson credited Trump’s influence for restoring momentum:

“I’m thankful for President Trump getting involved tonight to ensure that we can pass the GENIUS Act tomorrow,” Johnson posted on X.

Still, the bill’s language already prohibits the Fed from offering public-facing digital accounts, according to Eleanor Terrett, host of the Crypto in America podcast.

“The bill shall not be construed as expanding the Fed’s authority to offer services directly to the public—meaning it cannot authorize digital wallets, personal accounts, or anything CBDC-related,” she explained.

Procedural Challenges and Strategy Shifts

Tensions also arose over how the bills should be passed. Some Republicans wanted them voted on as a single package, while Speaker Johnson argued they should advance in succession to avoid procedural issues in the Senate.

“It’s a priority of the White House, the Senate, and the House to do all of these crypto bills,” Johnson told Politico, but added, “We have to do them in succession.”

Despite the delay, industry insiders remain optimistic. Caitlin Long, CEO of Custodia Bank, urged calm, pointing out that the GENIUS Act initially failed in the Senate before passing 11 days later.

House Reconvenes Wednesday

The House is scheduled to meet again on Wednesday to resume debate and move the crypto bills forward. If successful, it could mark a turning point in the legislative effort to establish clear U.S. digital asset regulation before the August recess.

The GENIUS Act passed the Senate in June with bipartisan support, but Democratic opposition to Trump’s rising alignment with the crypto industry remains a factor heading into final negotiations.

@ Newshounds News™
Source: 
Cointelegraph


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