Congress Looks To Hijack Crypto To Pay For Deficit Spending [Podcast]

Congress Looks To Hijack Crypto To Pay For Deficit Spending [Podcast]

Notes From the Field By James Hickman (Simon Black)  July 16, 2025

It’s “Crypto Week” on Capitol Hill with all sorts of crypto legislation on the docket— including the so-called GENIUS Act that aims to regulate stablecoins.  I’m not sure the GENIUS Act is in fact genius, but it might be a pretty clever given its potential benefit to the Treasury Department and government bond market.

On its surface, the bill aims to provide a formal regulatory framework for anyone who wants to issue stablecoins, i.e. digital assets that are typically pegged to the US dollar to maintain a “stable” value.

But beneath the surface, the GENIUS Act is a way to funnel more money into US government bonds.

I’ve written about this many times before: the US government is hopelessly addicted to irresponsible spending. Multi-trillion-dollar deficits are no longer the exception—they’re the baseline.

And these massive deficits require the Treasury Department to borrow more money from the bond market.

Problem is that some of the biggest buyers of US government debt securities— specifically foreign governments and central banks— are starting to lose their appetite to invest more money in Treasury bonds.

So Uncle Sam is feverishly trying to drum up more lenders.

Enter the GENIUS Act— which requires stablecoins to be backed by “safe” assets, like... US government bonds!

The Treasury Department is probably hoping that some of the crypto wealth tied up in Bitcoin’s latest all time highs will flow into stablecoins... and thus into the US Treasurys backing them.

But if they think this is the silver bullet to fix America’s fiscal mess, they should think again.

Unlike traditional long-term bond buyers who help lock in funding for decades, stablecoin issuers (according to the GENIUS Act) will only be able to buy the shortest term US government debt, like 90-day T-bills.

This means that the Treasury Department will face constant pressure to refinance a major chunk of its debt every few months.

We discuss this in today’s podcast— where we also answered some reader questions about stablecoins.

One reader, for example, asked if stablecoins are a good way to diversify out of the US financial system.

My answer? Not really.

Once the GENIUS Act passes, most of these stablecoins will be issued by US-based companies and regulated by US government agencies. And over time, more and more agencies will likely encroach into the stablecoin industry— the SEC, IRS, Consumer Financial Protection Bureau, Financial Crimes Enforcement Network, etc.

That means if the government wants to restrict, freeze, or confiscate your digital dollars, they won’t even need to break a sweat. It just takes a phone call and a compliance letter.

More importantly, even if the coin maintains its 1:1 dollar peg, it’s still tied to the dollar. And if the dollar loses value due to inflation—which it is and will almost certainly continue to do—then your stablecoin will depreciate right alongside it.

Bottom line— holding a stablecoin doesn’t matter if the underlying currency is unstable. You’re not really diversifying any sovereign or currency risk.

If you're looking for real diversification—something that actually hedges against the US dollar and protects your purchasing power—stablecoins aren't the answer.

Gold, productive assets, other crypto, foreign stocks and financial accounts… those are the tools for genuine financial diversification.

If you want to hear my full thoughts on the GENIUS Act, stablecoins, and the implications to the US Treasury market, listen to this short podcast here.

 For the audio-only version, check out our online post here.
Finally, you can find the podcast transcript for your convenience, here.

To your freedom,  James Hickman  Co-Founder, Schiff Sovereign LLC

https://www.schiffsovereign.com/podcast/congress-looks-to-hijack-crypto-to-pay-for-deficit-spending-podcast-153173/?inf_contact_key=ba595f2d77e748d6b5635b37d628a3ec4f9b01715505ef303c31d9437c9672ec

FRANK26…7-19-25……ALOHA…SLOW DOWN

KTFA

Saturday Night Video

FRANK26…7-19-25……ALOHA…SLOW DOWN

This video is in Frank’s and his team’s opinion only

Frank’s team is Walkingstick, Eddie in Iraq and guests

Playback Number: 605-313-5163   PIN: 156996#

https://www.youtube.com/watch?v=aftz9UsTU74

Ariel : The Time is Upon us, a Financial Revolution for the Ages

Ariel : The Time is Upon us, a Financial Revolution for the Ages

7-19-2025

Hot Off The News Wire

The Time Is Upon Us: A Financial Revolution For The Ages

Ladies & Gentlemen Are You Ready?

One stroke of a pen is about to change our lives forever. Do you not see the significance of what is set to transpire to uproot the corruption in our financial system?

We have been waiting for this momentum our entire lives. We are minutes away from the rest of it. Are you counting down to your blessings? Take the time away from your busy schedule today and soak all of this in. Take deep breaths. And understand what is about to happen.

The world will no longer be the same after today. So you might as well start planning how you will be spending more time with doing what you actually love to do. Because this will never happen again for as long as we live. So take this moment and hold it close to you.

~The Time Is Now My Fellow Americans

CoinDesk:  NEW: Coinbase CEO Brian Armstrong claims President Trump signing the GENIUS Act into law will be "the official start of the financial revolution in the US."

Let The Games Begin

Green Light

Watcher.Guru:  BREAKING: President Trump officially signs crypto 'Genius Act' into law.

https://x.com/i/status/1946291084939677864

Watcher.Guru:  JUST IN: President Trump says crypto is "only going further" under his administration.

https://x.com/i/status/1946287388218532043

Source(s):  https://x.com/Prolotario1/status/1946282297864356259
https://x.com/Prolotario1/status/1946292424403239160

https://dinarchronicles.com/2025/07/19/ariel-prolotario1-the-time-is-upon-us-a-financial-revolution-for-the-ages/

The Financial Reset Nobody is Watching

The Financial Reset Nobody is Watching

Miles Harris:  7-19-2025

The video delves into the ongoing, largely unnoticed transformation in the global financial system driven by the tokenization of real-world assets via blockchain technology.

While much public attention focuses on cryptocurrencies, inflation, and politics, financial institutions, asset managers, and central banks are quietly reshaping ownership itself. Tokenization converts physical assets—such as real estate, bonds, and money—into digital tokens represented as programmable code on private blockchains.

This innovation promises faster settlement, fractional ownership, and more efficient markets, but it also introduces fundamental shifts in how ownership and control are defined and exercised.

Unlike traditional ownership, tokenization creates a layer of abstraction where the token represents a claim often governed by private custodians and code rather than legal title. This conditional ownership is programmable, meaning access to and use of assets can be restricted or revoked automatically by pre-set rules embedded in smart contracts.

 Major players like BlackRock, JP Morgan, and central banks are pioneering permissioned blockchain platforms that operate under their control, not public decentralized networks. These systems enable near-instant settlement and automated compliance but also centralize power and surveillance over financial activities.

Central Bank Digital Currencies (CBDCs) combined with tokenized assets enhance the capacity for continuous monitoring, enforcement, and control at unprecedented scales and speeds. The touted benefits of efficiency and inclusion mask a deeper reality: these developments concentrate control in the hands of large institutions, replacing traditional legal mechanisms with code-based governance. Ownership becomes conditional and contingent on meeting coded rules, potentially limiting individual autonomy and financial freedom without transparency or recourse.

The video warns that this financial reset is not a democratizing revolution but a stealthy consolidation of control by financial elites, technology providers, and governments.

Ordinary people risk losing genuine ownership and privacy, facing exclusion if they lack digital identities or remain unbanked. To mitigate these risks, the video advocates maintaining exposure to decentralized tools like Bitcoin with self-custody, preserving real-world assets, using cash while possible, and staying informed about the evolving infrastructure.

 Ultimately, while tokenization brings efficiency, it also brings programmable ownership, automated enforcement, and institutional dominance, reshaping the very nature of money and property rights.

https://youtu.be/wPIubDbac1w

Iraq Economic News and Points To Ponder Saturday Afternoon 7-19-25

Iraq Economic News and Points To Ponder Saturday Afternoon 7-19-25

Jamima Port Is About To Open And The Ports Are Achieving Unprecedented Revenues.

July 19, 2025   Baghdad - Qusay Munther   The Jamima border crossing with Saudi Arabia will soon enter service, boosting trade and economic exchange between Baghdad and Riyadh. This comes amid government efforts to open new windows to support the national economy and expand foreign trade routes, in line with the government's current regional openness plans.

Lieutenant General Omar Adnan Al-Waili, head of the Border Ports Authority, said during a conference yesterday that "the Border Ports Authority has completed the administrative procedures and official recognition of this crossing since 2020."

Opening An Outlet

He added, "The current government and the House of Representatives were determined to open the crossing as soon as possible.

" Al-Waili expressed his "thanks to the Kingdom of Saudi Arabia and its ambassador to Iraq, who had a great desire to personally attend this place, and that all state institutions, agencies and ministries are looking forward to opening the crossing," announcing "the imminent opening of the border crossing, which will positively reflect on trade and economic exchange between Iraq and Saudi Arabia."

The current government is moving to open new windows that support the national economy and expand foreign trade routes in line with the regional openness plans it is adopting during the current phase. Meanwhile, the General Company for Iraqi Ports has achieved revenues exceeding 630 billion dinars.

The company's general manager, Farhan Al-Fartousi, said in a statement yesterday that "total revenues for the first half of the current year amounted to 630 billion dinars, a clear increase compared to last year's revenues, which amounted to more than 486 billion dinars," stressing that "these figures reflect the increasing performance and operational efficiency of Iraqi ports."

He went on to say that "the northern Umm Qasr port topped the ports by achieving revenues of more than 288 billion dinars, followed by Khor Al-Zubair port with 125 billion dinars, then Basra oil port with revenues of nearly 138 billion dinars.

The southern Umm Qasr port also recorded revenues exceeding 56 billion dinars, while Abu Flus port revenues amounted to more than 3 billion dinars, and Al-Maqal port about 11 million dinars. As for administrative and service activity at the company's headquarters, it achieved revenues exceeding 18 billion dinars," indicating that "these revenues came as a result of administrative reforms and operational expansion implemented by the company as part of its strategic plan," and he pointed out that "Iraqi ports are currently witnessing an increasing momentum in import movement." And exports, supported by operational stability, improving the investment environment, and concluding operational contracts with specialized companies.

Meanwhile, the Ministry of Transport announced its plan to transport pilgrims to and from Karbala during the Arbaeen pilgrimage, noting that more than 850 buses have been allocated to serve pilgrims inside and outside the city of Karbala.

Ministry spokesman Maitham Al-Safi said, “A committee or operations room was formed under the direction of the former Minister of Transport, headed by the Undersecretary of the Ministry for Administrative Affairs, to manage the Arbaeen pilgrimage file.”

He continued, “The Ministry usually allocates a number of buses each season, consisting of more than 650 red single-decker and double-decker buses, and more than 200 blue buses.”

Multiple Axes

He stressed that (the blue buses will be designated for transportation between governorates, while the red buses will operate within the city of Karbala), pointing out that (this process is taking place along multiple axes determined by the Supreme Committee for the Arbaeen Pilgrimage, as there is a full fleet of buses to cover the transportation of visitors).

The Minister of Interior, Chairman of the Security Committee for the Million-Man Pilgrimage, Abdul Amir Al-Shammari, had previously inspected the Shalamcheh border crossing to see its readiness to receive visitors.

Yesterday's statement said that (Al-Shammari arrived at the Shalamcheh border crossing to see the preparations underway at this crossing to receive visitors of Arbaeen of Imam Hussein, peace be upon him, the services provided to them, facilitating their entry procedures into Iraq and providing a suitable atmosphere for all arrivals). LINK

Iraq Intends To Increase Majnoon Oil Field Production To 400,000 Barrels Per Day.

Energy  Prime Minister for Energy Affairs and Oil Minister Hayan Abdul-Ghani announced on Saturday that the ministry intends to increase crude oil production from the Majnoon oilfields in southern Iraq to 400,000 barrels per day by the end of this year.

This came during his visit to the DS2 station in the Majnoon field, where he reviewed the implementation phases of the vital project, which began in 2018 following its receipt by the Basra Oil Company. The project currently stands at more than 85% completion, according to a statement issued by the company.

The statement quoted the minister as saying: "Completion of the station by the end of this year will increase the Majnoon field's production capacity to 400,000 barrels per day." He added: "However, actual production remains linked to OPEC's quota and Iraq's share, as it currently stands at 120,000 barrels per day."

He pointed out the importance of the station's complementary projects, particularly the connection of wet oil units designed to accommodate oil with a high reservoir water content, stressing that this step enhances production efficiency and sustainability.

The Majnoon field is one of the key fields feeding Total's gas projects. Gas will be collected from this station and pumped to the Artawi site, where the main processing plant will be installed. https://economy-news.net/content.php?id=57602

Barzani Discusses With Washington The Resumption Of The Region's Oil Exports.

July 19, 2025  Erbil - Farid Hassan  Kurdistan Regional Government (KRG) Prime Minister Masrour Barzani discussed the general situation in Iraq and the region with the Chargé d'Affaires of the US Embassy in Iraq, Ambassador Steven Fagin, a statement received by Al-Zaman yesterday said that "the meeting that brought them together in Erbil discussed ways to strengthen bilateral relations and the general situation in Iraq and the region."

 The two sides agreed on "the need for the federal government to send salaries and financial dues to the region as soon as possible. They also stressed the importance of expediting the process of resuming the region's oil exports through the Turkish port of Ceyhan.

" The statement added that "the meeting addressed the sabotage attacks targeting oil fields and energy infrastructure in the region with drones," stressing "the importance of forming the new ministerial cabinet of the regional government before holding parliamentary elections.

" Barzani expressed his "thanks to the United States for its continued support for the region." For his part, Fagin affirmed "his country's support for the federal entity of Kurdistan and its support for a strong region."   LINK

Gold Prices Rise In Baghdad And Erbil Markets.
Saturday, July 19, 2025, 12:10 PM | Economic...Number of reads: 194   Baghdad / NINA / The prices of foreign and Iraqi gold rose in the local markets of Baghdad and Erbil, on Saturday.

The selling prices of gold, in the wholesale markets on Al-Naher Street in the capital, Baghdad, this morning, for one Mithqal of 21 karat Gulf, Turkish and European gold, were recorded at 660 thousand dinars, and the purchase price was 656 thousand dinars.

The selling price of one Mithqal of 21 karat Iraqi gold was recorded at 630 thousand dinars, and the purchase price was 626 thousand.

As for the prices of gold in goldsmiths, the selling price of one Mithqal of 21 karat Gulf gold ranges between 660 thousand and 670 thousand dinars, and the selling price of one Mithqal of Iraqi gold is between 630 thousand and 640 thousand dinars.

As for gold prices in Erbil, they also recorded an increase, as 22 karat gold was sold for 690 thousand dinars, 21 karat gold was sold for 658 thousand dinars, and 18 karat gold was sold for 564 thousand dinars. / End   https://ninanews.com/Website/News/Details?key=1241673

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

Seeds of Wisdom RV and Economic Updates Saturday Afternoon 7-19-25

Good Afternoon Dinar Recaps,

U.S. Targets Brazil’s Digital Economy: Pix Under Scrutiny Amid BRICS Currency Push

Trump Administration Launches Probe Into Brazil’s Fintech Ecosystem and Trade Practices

In a bold escalation of trade tensions, the United States has launched a formal investigation into Brazil’s digital payment system, placing particular focus on Pix—the country’s central bank-run instant payment platform. The probe comes amid rising concerns in Washington over BRICS economic integration and the growing challenge to U.S. financial dominance.

Pix: A Fintech Powerhouse Redefining Brazil’s Economy

Launched in 2020 by Brazil’s Central Bank, Pix has quickly become one of the world’s most successful government-backed payment systems. The platform enables instant, 24/7 money transfers at little to no cost, bypassing traditional card networks and allowing direct mobile-based transactions.

• Over 150 million users

• Accepted by more than 60 million businesses

• Dominant across sectors, from street vendors to utilities

Pix has not only transformed domestic commerce but also disrupted foreign competitors, including Visa, Mastercard, and U.S.-based fintech firms.

Trade Investigation Details: Favoritism and Free Speech Issues at Center

U.S. Trade Representative Jamieson Greer announced the investigation Tuesday, citing concerns over:

• Preferential treatment toward Brazil’s regional trade partners

• Non-tariff barriers disadvantaging U.S. exporters

• Digital market discrimination, particularly through policies that limit U.S. tech firms

One key flashpoint: Brazil’s Supreme Court suspension of X (formerly Twitter) in 2024, after Elon Musk refused to comply with censorship demands. The U.S. probe will assess whether such policies constitute discriminatory digital trade practices.

Trump Responds: Tariffs and Warnings Over BRICS Coordination

The investigation is part of a broader geopolitical and economic conflict. On July 7, President Donald Trump publicly urged Brazil to end its prosecution of former President Jair Bolsonaro, calling it a “witch hunt.” Days later, he announced a 50% tariff on Brazilian imports, effective August 1, and warned of the impending trade probe in a letter to President Lula da Silva.

Pix in the Global Spotlight: U.S. Concerns Extend Beyond Brazil

Though Pix operates only within Brazil, its integration with blockchain fintech services is gaining international attention.

Services like Truther now allow global stablecoin transfers to be settled instantly into Brazilian bank accounts via Pix—effectively bypassing SWIFT, PayPal, and U.S. remittance giants like Western Union.

This innovation threatens to undermine U.S. financial influence in developing economies and plays into broader BRICS strategies for de-dollarization.

BRICS Pay, Reserve Currency, and U.S. Response

At the heart of U.S. concerns is Brazil’s role in BRICS, the growing economic alliance with Russia, India, China, and South Africa. In 2024, the bloc launched BRICS Pay, a cross-border settlement platform aimed at bypassing Western systems like SWIFT and facilitating local-currency transactions.

Moreover, BRICS leaders recently revived plans for a joint reserve currency, potentially replacing the U.S. dollar in cross-border trade among member nations.

These moves have drawn intense scrutiny from Washington, with Trump signaling a tougher stance on any country participating in what he views as a threat to U.S. economic sovereignty.

@ Newshounds News™
Source: Cointelegraph

~~~~~~~~~

Targeting BRICS: US-NATO Sanctions Weaponize Energy to Pressure China and India

Sanctions Expand Beyond Russia—Geopolitical Tensions Grow Over BRICS Energy Independence and Arms Markets

A new phase of geopolitical pressure is unfolding as the U.S. and NATO intensify sanctions aimed at the BRICS alliance—specifically by targeting Russian oil exports and BRICS energy trade routes. What appears on the surface as energy policy is increasingly being interpreted as a deeper strategic effort to undermine BRICS cooperation and redirect global arms and trade flows in the West’s favor.

Energy Sanctions as Economic Weaponry

NATO Secretary General Mark Rutte recently issued an ultimatum calling on nations—especially India, Brazil, and China—to halt purchases of Russian oil. This warning comes in tandem with a Trump-backed threat to impose 100% tariffs on countries that continue to import Russian crude.

• Russia accounts for ~15% of global oil exports

• China and India are major importers of discounted Russian energy

• BRICS energy trade is seen as a linchpin of the bloc’s economic independence

Rutte’s statement notably excluded Turkey, a NATO member and the third-largest importer of Russian crude, raising questions about the selective nature of the sanctions and their true geopolitical motive.

Strategic Goals: Sanctions and Western Arms Sales

While oil sanctions dominate the headlines, defense economics is a major subtext of this policy. Western leaders appear to be using energy restrictions as a tool to:

• Disrupt BRICS trade infrastructure

• Open new arms sales markets across politically pressured regions

• Reassert Western dominance in global energy and military supply chains

Even as energy restrictions tighten, Europe continues to source 19% of its natural gas from Russia, revealing the fragile balance between ideology and economic necessity. Analysts predict that a hard blockade on Russian crude would raise oil prices by 20–30%, potentially backfiring on global markets.

Market Reaction: Muted But Calculated

Despite the aggressive tone of U.S. and NATO policymakers, stock markets have shown little concern. This suggests investors see limited long-term enforcement or question the practical viability of isolating Russian energy at scale—especially when global demand remains strong.

At $68 per barrel, oil prices remain sensitive to disruptions, and any supply reduction could cause ripple effects, not only in BRICS nations but in Western economies too.

BRICS Pushes Back, Strengthens Internal Trade Channels

Russia and China have rejected the sanctions outright, reaffirming their commitment to uninterrupted bilateral trade. India has likewise continued oil purchases, resisting external pressure. Brazil, now under scrutiny from both U.S. trade officials and NATO figures, is quietly expanding internal financial networks and exploring alternative settlement systems.

This BRICS resistance signals a long-term effort to build energy resilience and decouple from Western financial levers, including the SWIFT system and U.S. dollar settlements.

A Geopolitical Playbook Beyond Energy

While oil dominates the narrative, Trump’s broader strategy seems to focus on:

• Testing BRICS unity

• Disrupting key China–India trade routes

• Expanding Western military-industrial influence

These moves reflect a multi-domain approach—leveraging sanctions not just to enforce political compliance, but to reshape global economic alignments in favor of the U.S. and NATO.

Analysts warn that continued use of sanctions as a geopolitical lever may accelerate the BRICS bloc’s shift toward alternative institutions, deepening their commitment to independent trade, digital currency systems, and non-Western governance models.

@ Newshounds News™
Source: Watcher.Guru   

~~~~~~~~~

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“Tidbits From TNT” Saturday 7-19-2025

TNT:

Tishwash:  Parliamentary Finance Committee: OPEC informed SOMO that 280,000 barrels smuggled from the region are counted against Iraq's share. 

The head of the Parliamentary Finance Committee, MP Atwan al-Atwani, confirmed on Friday that OPEC informed the State Oil Marketing Organization (SOMO) that approximately 280,000 barrels of oil smuggled daily from the Kurdistan Region are counted as part of Iraq's quota. 

Al-Atwani said in a televised interview followed by ( IQ ): "The region is smuggling oil and exporting about 280,000 barrels per day in an undeclared manner. A message arrived from OPEC to SOMO stating: 'We are receiving oil from your side. It is true that it is not in your name, but it is your oil.' It is estimated at about 280,000 barrels per day." 

The MP pointed out that "our share has been reduced. We are now exporting about 3.2 million barrels per day, but this smuggled oil from the region is counted within the amount allocated to Iraq, and therefore is considered part of the revenue reduction  link

Tishwash:  Iraqi Cabinet Approves Measures on Kurdish Oil Delivery

The Iraqi Cabinet, headed by Prime Minister Mohammed Shia Al-Sudani, held an emergency session on Thursday and issued a series of binding decisions regarding oil production and financial coordination with the Kurdistan Regional Government (KRG).

In a major development, the Cabinet approved the immediate transfer of all oil produced in the Kurdistan Region to Iraq's State Oil Marketing Organization (SOMO) for export. The federal government will provide the KRG with an advance of $16 per barrel (in-kind or in cash), based on a minimum delivery of 230,000 barrels per day (bpd), with any additional production to be included under the same mechanism.

Current production stands at 280,000 bpd, of which 50,000 bpd is reserved for local consumption within the Region. The remaining 230,000 bpd, along with any future increases, will be delivered to SOMO. Should exports stop for any reason, the KRG must deliver the full quantity to the Federal Ministry of Oil instead.

The KRG will also be responsible for the production and transport costs of the 50,000 bpd used locally, while revenues from sales of refined products will be transferred to the federal treasury after deducting those costs.

Additional financial decisions included:

The KRG must deliver 120 billion Iraqi dinars as a preliminary estimate of May's non-oil revenue share.

A joint auditing team will verify and classify non-oil revenues from May 2025 onward.

A new joint committee will oversee the localisation of salaries in the Region within three months, as required by a federal court ruling.

A separate team will assess any excess in actual spending relative to the KRG's budget share for 2023-2025.

May salaries for KRG employees will be disbursed after SOMO confirms receipt of the 230,000 bpd via the Ceyhan terminal.

All timelines specified in this resolution are effective from the date of the Cabinet's approval.  link

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

Tishwash:  Al-Lami: The federal government's decision regarding the region's oil is a victory for the constitution and a step toward justice and transparency.

MP Ali Saadoun Al-Lami praised the recent Cabinet decision regarding Kurdistan Region salaries, stressing that the decision represents a "historic step toward establishing the principle of fairness in the distribution of national wealth."

Al-Lami explained in an interview with “Jarida Platform” that “the decision stipulates that the region hand over its entire oil production to the federal state oil company (SOMO), specifying precise quantities for receipt and export, and canceling any illegal exceptions previously granted, in addition to obligating the region to pay its share of non-oil revenues.”

He pointed out that "the decision also includes the formation of federal committees specialized in monitoring, auditing, and localizing spending and salaries, and linking the disbursement of salaries to the regional government's full commitment to delivering oil."

Al-Lami added, "We in the House of Representatives consider this step a victory for the constitution, and we affirm our full support for the government in implementing the decision in all its details without any compromise, in order to preserve the rights of the people of the south and center, who have long suffered from the lack of justice in the distribution of wealth."

He concluded his statement by stressing that Parliament will have an effective oversight role to accurately monitor the implementation stages, ensuring the rights of all Iraqis without exception are protected.  link

Mot: ..... This is True!!! -- a ole ""Mot"" Marital Test Thingy!!!! 

Mot:  ... I Needs a HUG!!!! 

News, Rumors and Opinions Saturday 7-19-2025

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.

Fri. 18 July 2025: GAME OVER: THE FED IS DEAD — GOLD RESET IGNITES GLOBAL FINANCIAL UPRISING …QFS on Telegram

The death of the Federal Reserve isn’t coming. It’s already here. Fiat currencies are collapsing across the board, gold has shattered all containment, and the long-anticipated Global Currency Reset has finally entered the irreversible phase.

What was mocked as a conspiracy is now fact. The illusion is dead. The reset is real. Nations are abandoning the dollar, central banks are hoarding gold, and the pillars of the old financial system are crumbling.

This is not a drill. This is the collapse of a century-long deception, unfolding live.

For over 100 years, the world was shackled by paper money printed from nothing and controlled by unelected central bankers. They devalued wages, destroyed savings, and enslaved generations through debt. That era is finished.

 The gold-backed transition is underway — and it’s accelerating. Gold has crossed $3,000 per ounce. Silver is exploding. This isn’t market fluctuation. It’s a controlled demolition of fiat and a global move toward hard assets.

Iraq, Russia, China, BRICS — they’re not guessing. They’re executing. The Fed is cornered. It can’t print gold. It can’t fake value anymore.

Trump and his allies saw this coming. During his first term, he laid the groundwork for a return to sound money. His quiet economic war against the Fed, the restructuring of global trade, and the public signals around gold were never accidental.

 Now, with fiat dying and central bank power fading, Trump’s economic architecture is rising in the ashes. And it’s not just Trump. Musk, blockchain engineers, and global whistleblowers are aligning in real time — building a decentralized, asset-backed future outside the reach of the banking cartel.

This is not the globalist Great Reset. That system was built on control: digital ID, programmable money, universal dependence. But their version is failing.

The real reset is based on real value. Tangible assets. Decentralized systems. The elites are panicking — because their tricks no longer work. Their currencies are being rejected, their central banks are being exposed, and their decades-long monopoly is evaporating in gold smoke. The world is waking up to the lie.

This is the final chapter of fiat.

The wealth of the future will belong to those who hold truth in value — gold, silver, energy, and assets that cannot be faked. When this flip completes, there will be no going back. The Fed is finished. Fiat is over. The new financial order has already begun. Prepare.

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

Fri. 18 July 2025 NESARA GESARA QFS: Since you are tying together threads that are unquestionably related—August 1 tariffs, NESARA, and giving back power to We the People—let’s dissect this.

TRUMP’S COMMENTS ON AUGUST 1 — What was his true meaning when he stated “You will receive numerous payments on August 1st. You’ll be overjoyed. You will receive a substantial amount of money if you are a citizen of this nation. He wasn’t merely discussing the same old, dull tariff policy. This was a soft disclosure, a coded announcement.

Let’s unravel the layers:

LAYER 1: Tariffs Fund the Republic, Not the Corporation: Tariffs, not income taxes, were used to finance the federal government in the original Republic (prior to 1871). Trump’s tariffs signify a return to Constitutional commerce and a reversal. His statement that “you’re getting a lot of money” is a clue that the central bank and other foreign actors are no longer stealing this incoming revenue. Rather…It is returning to the Republic’s treasury, which in turn is returning to the people.

LAYER 2: THIS IS DIRECTLY CONNECTED TO NESARA: The National Economic Security and Reformation Act, or NESARA, requires the following:
• Forgiveness of debt;
• Dismantling of the Fed and IRS
• Redistribution of wealth (recovery of stolen assets);
• Restoration of sovereignty;
• Return to Constitutional law;
• Treasury-backed currency.

One of the main NESARA pillars is the flow of tariffs into the U.S. Treasury rather than the corporate cabal system. Trump is aware of it. Therefore, it’s possible that Trump’s remarks regarding the August 1 payments will serve as a springboard for NESARA activation, particularly if: Tariff revenue is diverted to support universal benefits. Soon after the public introduction of gold-backed U.S. notes, the fiat system collapses or is exposed.

Concluding Remark: There may be more to August 1 than just tariff enforcement. It could be a turning point when:
• Money moves from globalists to patriots;
• NESARA mechanisms start to subtly come into play; and
• The public sees what has always been promised. It concerns the restoration of sovereignty, kingdom economics, and divine justice.

Read full post here:  https://dinarchronicles.com/2025/07/19/restored-republic-via-a-gcr-update-as-of-july-19-2025/

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

Mnt Goat  Today’s articles once again only confirm what I have been hearing from my CBI contact and what other past articles have told us... Since 2011 there was a vision developed for Iraq and it took years to push Iraq in the direction needed, if they ever wanted to get their currency back. But this is the time and we are watching this vision play out...Even though the vision for Iraq has changed since the Dr. Shabibi time, the process to move the currency back to FOREX has not. 

Militia Man    A lot of people are worn out and tired and they seem to think 'we've heard this before'...But you...aren't fully up to date...the data is powerful.  This is a complex issue with Iraq and the world.  It's not all about Iraq but it is about Iraq.  They're a key component into integrating into the international financial system.

Frank26  So many events are coming into a collision and the explosion will be a new exchange rate IMO for the Iraqi dinar. 

 **********

Wealth Preservation Expert Egon von Greyerz Warns: Prepare for Historic Crash

Lynette Zang:  7-19-2025

Wealth preservation expert Egon von Greyerz  joins Lynette Zang for a powerful interview warning us all to prepare for the worst crash in economic history.

Fiat money is failing, debt is exploding, and the window to protect your wealth is closing.

Learn what the central banks aren’t telling you—and how physical gold and silver could be your only refuge.

https://www.youtube.com/watch?v=Z2ymhpIIYHA

MilitiaMan and Crew: Iraq Dinar News-Dinar, Oil Salaries & Financial Legislation-

MilitiaMan and Crew:  Iraq Dinar News-Dinar, Oil Salaries & Financial Legislation-

7-18-2025

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

In this insightful video, we delve into the current economic landscape of Iraq, focusing on the crucial topics surrounding the Iraqi Dinar and the latest developments in Erbil and Baghdad.

We explore the recent cabinet decisions regarding oil salaries and how these decisions are impacting cash liquidity within the Central Bank of Iraq.

 Join us as we discuss the significance of the Baghdad-Erbil relationship in paving the way for new oil legislation aimed at stabilizing the economy.

We’ll also touch on the implications for non-oil imports and how they play a role in Iraq’s financial stability. Additionally, we will cover the anticipated visit of the Finance Minister to Erbil this Sunday and what it means for future financial strategies between the Kurdistan Region and the federal government.

 Whether you're an investor, an economist, or simply curious about Iraq's economic future, this video will provide you with a comprehensive overview of the current situation and what lies ahead.

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

FRANK26…..7-18-25……ALOHA…..A CHANGE

KTFA

Friday Night Video

FRANK26…..7-18-25……ALOHA…..A CHANGE

Crypto Currency expert joins today to talk about “The Genius Act”

This video is in Frank’s and his team’s opinion only

Frank’s team is Walkingstick, Eddie in Iraq and guests

Playback Number: 605-313-5163   PIN: 156996#

https://www.youtube.com/watch?v=OvSIpc4atpI

Iraq Economic News and Points To Ponder Saturday Morning 7-19-25

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. 

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.
 
FUND RELATIONS   (As of April 7, 2025)  page 2 

https://www.imf.org/-/media/Files/Publications/CR/2025/English/1irqea2025001-source-pdf.ashx

Advisor To The Prime Minister: Economic And Disciplinary Factors Behind The Stability Of The Exchange Rate And The Decline Of Dollarization
 
Time: 2025/07/17 13:55:21 Reads: 750 Times  {Economic: Al Furat News} The financial advisor to the Prime Minister, Mazhar Muhammad Salih,  confirmed that the
     decline in the "dollarization" phenomenon and the
     stability of the Iraqi dinar exchange rate
are due to a combination of decisive economic and disciplinary factors.
 
Saleh explained in a statement to Al Furat News Agency that "the disciplinary factors included 
 tightening controls on the use of the dollar in domestic transactions and  completely prohibiting its use in local settlements and payments, in accordance with the law.

He pointed out that these measures included bank deposit mechanisms for real estate transactions,
which had previously been the focus of demand for cash dollars,  and which the dinar had replaced with remarkable success.

He noted that this success is credited to the Central Bank of Iraq and its monetary policy, despite the criticism it has faced. Saleh added that the exchange rates in the parallel market would have been in line with the official markets had it not been for the recent geopolitical tensions in the Middle East, which caused a difference of 142 dinars per dollar."

The financial advisor explained that
 
Financing Foreign Trade and Monetary Enhancing Mechanisms
 
"one of the most important success factors that led to the decline in the strength of the parallel market was the direct financing of foreign trade for small traders from official dollar outlets at a rate of 1,320 dinars per dollar,   without the need for intermediaries.

 He pointed out that imports by small traders constitute more than 50% of the total foreign market trade in Iraq."
 
Saleh did not neglect to point out that the mechanisms for strengthening Iraqi banks' foreign currency reserves with correspondent banks have become easier as an alternative to the Central Bank's window and previous platforms,
 
which were abolished at the beginning of the year. He emphasized that these mechanisms have proven successful in dominating the official exchange market as a whole in foreign transfer transactions at the fixed exchange rate of 1,320 dinars per dollar.
 
Trade Policy and the Use of Electronic Payments
 
Saleh also emphasized  the role of trade policy, which intervened for the first time by opening giant shopping centers and expanding in this direction (hypermarkets),
 
describing it as a "price defense policy in favor of the official exchange rate," and weakening market demand for financing some of its trade from the parallel market, which has become "highly expensive."
 
Finally, the financial advisor noted the growing trend among the public toward the widespread use of electronic payment cards funded at the official exchange rate (1,320 dinars), which has become "one of the modern travel customs and traditions in Iraq."  

He added that travelers now receive a share of cash dollars when traveling, according to very transparent and strict controls.    
  
https://alforatnews.iq/news/مستشار-رئيس-الوزراء-عوامل-اقتصادية-وانضباطية-وراء-استقرار-سعر-الصرف-وتراجع-الدولرة  

Has The Central Bank Destroyed The Private Banking Sector In Iraq Forever?
 
A dysfunctional banking sector in an oil country  July 17, 2025 Last updated: July 17, 2025
 
Al-Mustaqilla / Investigative Report / - Although Iraq possesses vast oil wealth, its banking sector remains primitive, lacking depth and reliability.  This is clearly demonstrated by the weakness of financial inclusion,  with only 19% of citizens owning a bank account,  one of the lowest rates in the region.

This weakness reflects a profound structural flaw in the relationship between citizens and banks and 
raises fundamental questions about the effectiveness of  monetary policies and  banking supervision
in Iraq.
 
Controversial Monetary Policies
 
In recent years, the Central Bank of Iraq has pursued erratic monetary policies, most notably uncontrolled monetary expansion.
 
The money supply increased     from 46 trillion dinars     to more than 100 trillion dinars     in just two years,     without corresponding real economic growth.
 
This led to inflation exceeding 7.5%,prompting the Central Bank to raise interest rates to 7.5% before later reducing them to 5.5%, a move that had no tangible impact on the market.
 
Furthermore, a large gap remained between the interest rate on loans,     which exceeds 10%, and 
the interest rate on deposits,  which barely reaches 7%, deepening citizens' reluctance to deposit and weakening banks' ability to provide financing.
 
Out-Of-System Criticism And Loss Of Trust
 
The problem lies not only in policies, but also in the grim reality that the vast majority of cash in circulation is outside the banking system.
 
This massive leakage   weakens banks' ability to perform their role as financial intermediaries and reflects  a genuine crisis of confidence between citizens and banks.
 
Following banking bankruptcy scandals, the     dominance of partisan figures in some private banks,
     declining services, and the  absence of any effective deposit insurance system, citizens have come to view banks as a threat rather than a refuge.
 
Consumer Loans Without Real Development
 
One of the most notable failures is that most of the loans granted by banks in recent years have been  
     directed toward consumption,  not production.
 
Car financing, personal loans, and installments for recreational purposes have gone unmet,
with no real focus on supporting productive projects or small businesses.
 
This has led to increased speculation in the  real estate market and  rising land prices,
without any real production or job creation.  Instead, it has led to population growth and urbanization without a corresponding economic structure.

Government Monopoly And Administrative Laxity
 
The Iraqi banking sector revolves around Rafidain and Rashid Banks, which control most of the sector's assets.
 
However,
     their performance is weak,
     their administrative structures are clearly lax, and
     their branches are not electronically connected and lack a modern technical infrastructure.
 
Meanwhile, the Central Bank has failed to
     develop a strict regulatory framework or
     impose governance on bank boards of directors,
 
allowing small financial institutions to operate outside regulatory control for many years.
 
Currency Window As An Entry Point For Money Laundering
 
One of the most dangerous tools that contributed to undermining the banking system is the foreign exchange window.
 
The central bank sells dollars at the official rate to private banks,
     then resells them on the parallel market at a significant profit margin.
 
This mechanism provided an ideal environment for money laundering and smuggling abroad,
     exploiting
          weak banking oversight and
          duplicate names and documents in transfer requests.
 
Many banks exploited these differences to make illicit profits, and
     some had their licenses later revoked following international intervention.

International Sanctions Indicate A Defect
 
Beginning in 2022, the United States began imposing a ban on a number of Iraqi banks from dealing in dollars due to suspicions of suspicious transfers and money laundering.
 
The list was later expanded to include new banks,
     disrupting a significant portion of foreign trade and remittance operations and
     negatively impacting the Central Bank of Iraq's credibility with international institutions and correspondent banks.
 
Banking Licenses Without Clear Controls
 
In recent years, the Central Bank of Iraq has granted unprecedented numbers of new banking licenses,
     bringing the number of private banks to over 70,
     without any economic justification or genuine assessment of market needs.
 
This quantitative expansion has come
     at the expense of quality and oversight,
     contributing to the fragmentation of the banking market and the
     creation of fragile entities, both financially and administratively weak,
often exploited as fronts for partisan agendas or foreign interests.
 
Negligence Of Banking Sovereignty
 
Although the Private Banking Law clearly sets a maximum foreign ownership limit in Iraqi banks,
     not exceeding 25%,  the Central Bank has unjustifiably overlooked this restriction.
 
Foreign financial institutions have been allowed to own significant stakes in a number of banks,
     either directly or through local front companies.
 
This has
     led to an imbalance in the ownership structure and
     created external financial dependency that
     threatens Iraq's economic decision-making and
     undermines the independence of the national banking system.
 
Bleeding Profits Abroad Without Investment
 
In a dangerous precedent, the Central Bank allowed bank managements—most of which are owned by foreign institutions—to transfer more than 75% of their annual profits abroad in the form of dividends, without requiring them to reinvest a portion of these profits within the Iraqi market.
 
This behavior
     violates the most basic rules of development banking and
     should have been countered by clear measures
          compelling these banks to
          develop their services,
          strengthen their capital, or
          contribute to national investment projects, 
rather than becoming mere channels for transferring hard currency abroad.
 

Urgent International Advice For Reform
 
Several international institutions, including the  US Treasury, the     International Monetary Fund, and the     World Bank,  have made clear recommendations.
 
Prominent among them are:
     stricter compliance with anti-money laundering and counter-terrorism financing laws,
     enhanced transparency in dollar transactions,
     strengthened internal and external oversight of banks,
     reviewed asset quality, and      modernized the sector's digital infrastructure.
 
These institutions also called for raising minimum bank capital and merging or liquidating distressed banks  to create a more robust system.
 
Direct Responsibility Of The Central Bank
 
The Central Bank is not only a neutral supervisory body; it is also a genuine partner in the crisis.
 
It has
     allowed the currency window to continue despite its risks,
     failed to require banks to adhere to international governance standards,
     been lax in enforcing controls on foreign ownership, and
     failed to establish an effective legislative framework to protect depositors or regulate the banking structure.
 
Its responsibility is not merely technical, but also ethical and institutional in the face of an economy being drained.
 
The Opportunity For Reform Still Exists.
 
Despite the bleak outlook, there is still a chance to save the Iraqi banking system.
 
This requires
     political and professional will, beginning with legislative reform,
     imposing strict oversight,
     enhancing  transparency, and
     cooperating with international institutions to restore confidence.
 
There can be no real development without a strong banking sector,
     and no successful banking sector without an   independent and effective central bank that understands that it   is not just a guardian of liquidity,  but also a stabilizing force.      
https://mustaqila.com/القطاع-المصرفي/  

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