Iraq Economic News and Points To Ponder Tuesday Morning 8-5-25

Oil Prices Fall To Their Lowest Level

Energy   Oil prices fell to their lowest levels in a week on Monday after the OPEC+ alliance confirmed its intention to significantly increase oil production in September, while traders remain cautious about the implications of any potential additional sanctions against Russia.

Brent crude futures fell $1.55, or 2.3%, to $68.1 a barrel by 13:34 GMT, their lowest level since July 23. US West Texas Intermediate crude also fell $1.72, or about 2.5%, to $65.65 a barrel. Both benchmarks lost about $2 each last Friday.

The OPEC+ alliance of oil-exporting countries announced on Sunday its agreement to increase production by 547,000 barrels per day in September, as part of a gradual plan to regain market share lost during the production cut period.

This move is part of a series of increases aimed at restoring approximately 2.5 million barrels per day, representing approximately 2.4% of global demand, in an early and full return from the largest tranche of cuts implemented by the alliance.   https://economy-news.net/content.php?id=58370

Globally: Gold Records Its Highest Gains In 10 Days.

Economy |  04/08/2025  Mawazine News - Follow-up  Gold prices continued to rise for the third consecutive session on Monday, supported by growing expectations that the US Federal Reserve will cut interest rates amid weak economic data released last week.

Spot gold rose 0.3% to $3,373.22 per ounce by 13:15 GMT, recording its highest level since July 24, while US gold futures rose 0.8% to $3,427.10.

Data last week showed a slower-than-expected slowdown in US job growth in July, and data for May and June were revised down by 258,000 jobs, indicating a clear deterioration in the labor market.

Gold is considered one of the assets that perform well in a low interest rate environment and is considered a safe haven against inflation.  https://www.mawazin.net/Details.aspx?jimare=264592

A Slight Rise In The Dollar Exchange Rate In Baghdad

Economy | 04/08/2025  Mawazine News - Baghdad -  The dollar exchange rate against the dinar witnessed a slight increase on Monday in local markets in Baghdad. The selling price reached 140,750 dinars for $100, while the buying price reached 138,750 dinars for $100.   https://www.mawazin.net/Details.aspx?jimare=264578

Researchers Analyze How The "Development Path" Will Change The Regional Energy Map For Iraq And Turkey.
 
Economy 2025-08-01 | Source: Anadolu Agency 1,920 views  Alsumaria News – Economy affairs expert Turkish researcher Sercan Caliskan and Gulf Yasar Al-Maliki said that the "Development Road" project between Turkey and Iraq  establishes an energy agreement between the two countries.

The "Development Road" is  a land and railway route extending from Iraq to Turkey and its ports. It is
     1,200 kilometers long inside Iraq and aims  to transport goods between Europe and the Gulf states.
 
Çalışkan, a researcher in Iraq studies, noted that relations between Ankara and Baghdad have
 developed to a strategic level in the energy sector, and that  this process is linked to the "Development Road" project.
 
Çalışkan, a researcher at the Turkish Center for Middle Eastern Studies, emphasized that the development road project not only entails new energy lines for Turkey and Iraq, but also for the countries of the region. 

He added, "The bilateral relations strengthened by the Development Road project have
created a favorable environment for opening up new horizons of opportunity in various fields."

He pointed out that  the negotiation process for the new energy agreement not only paved the way for oil transportation, but also for  comprehensive, long-term cooperation that would prevent legal disputes between the two parties.
 
For his part, Al-Maliki, affairs an expert on Gulf at the Middle East Economic Survey (MEES), said that 
Turkey and Iraq are keen to expand their economic cooperation within the framework of the Development Road project. Al-Maliki added,
 
"Crude oil from other countries can also be transported via the Turkish-Iraqi oil pipeline,
     which will strengthen Türkiye's position as a regional energy hub between Asia and Europe." He pointed out that re-transporting Kirkuk oil from northern Iraq to Mediterranean refineries is also important for Baghdad.
 
Last week, Turkish sources told Anadolu Agency that Ankara and Baghdad had begun negotiations to reach a more comprehensive agreement for the transport of Iraqi oil.
 
In this context, a Turkish presidential decree was published in the Official Gazette on July 21, announcing that the crude oil pipeline agreement between Turkey and Iraq, in effect since 1973, will expire on July 27, 2026.       
https://www.alsumaria.tv/news/economy/535557/باحثون-يحللون-كيف-سيغير-طريق-التنمية-خريطة-الطاقة-الإقليمية-للعراق-وتر   

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

Seeds of Wisdom RV and Economic Updates Tuesday Morning 8-5-25

Good Morning Dinar Recaps,

President Trump to Sign Executive Order Threatening Penalties for Crypto Debanking

New directive would investigate banks and impose penalties for politically motivated financial discrimination

Executive Action Targets Financial Discrimination

President Donald Trump is reportedly preparing to sign a sweeping executive order aimed at protecting crypto companies, conservative-aligned businesses, and individuals from being debanked by U.S. financial institutions, according to The Wall Street Journal.

The draft order directs federal regulators to:

• Investigate if financial institutions violated any laws by terminating services based on political or ideological bias.

• Enforce penalties, including fines, consent decrees, and disciplinary measures, for discriminatory debanking.

• Examine compliance with the Equal Credit Opportunity Act, antitrust laws, and consumer protection regulations.

The order could be signed as early as this week, though timing and final content remain subject to change.

What Is Debanking — And Why Now?

The executive order follows rising concern over what's been called “Operation Choke Point 2.0” — a term used by critics to describe regulatory pressure that allegedly forced banks to cut ties with politically disfavored industries, especially crypto firms, during the Biden administration.

This follows the earlier Operation Choke Point 1.0 (2013–2017), in which the DOJ pressured banks to avoid servicing high-risk industries like payday lending, firearms sales, and others.

The new Trump directive seeks to:

• Remove legacy policies that contributed to debanking.

• Mandate the Small Business Administration (SBA) to review its loan partner practices.

• Refer some cases to the Attorney General for prosecution.

Regulators Already Responding to Political Pressure

Amid growing Republican scrutiny, some banks have preemptively adjusted internal policies and met with GOP attorneys general to demonstrate neutrality regarding clients’ political affiliations.

Under Trump’s influence, financial regulators — including the Federal Reserve, OCC, and FDIC — have pledged to no longer consider “reputational risk” when evaluating banking relationships, a significant reversal from prior regulatory practice.

Crypto Leaders Speak Out on Industry Debanking

Executives across the crypto sector have long alleged that banks have unfairly denied them access to financial services.

While banks claim their decisions are grounded in legal and compliance risks — particularly anti-money laundering (AML) obligations — crypto leaders argue that political targeting was often at play.

Following Trump’s 2024 re-election campaign — which received support from several prominent crypto donors — Trump pledged to:

• End Operation Choke Point 2.0.

• Establish a regulatory framework that supports crypto innovation.

After his victory, crypto industry leaders including:

• Marc Andreessen (a16z crypto)

• Caitlin Long (Custodia)

• Brian Armstrong (Coinbase)

• Cameron & Tyler Winklevoss (Gemini)

• Jesse Powell (Kraken)

• Sam Kazemian (Frax Finance)

began publicly sharing stories of being debanked or deplatformed under previous administrations.

Congressional Oversight and Personal Testimonies

In January 2025, the U.S. House Committee on Oversight and Government Reform launched a formal investigation into crypto debanking. Firms including Coinbase, Kraken, and Uniswap Labs were contacted for testimony and documentation.

Adding to the personal narrative, Eric Trump, the former president’s son and an investor in bitcoin mining and DeFi ventures, described how he turned to crypto after being deplatformed by several banks:

“I never thought I'd fall into the world of crypto until every bank began cancelling us for absolutely no reason other than the fact that my father was in politics,” Eric Trump said in April.
“They came after us viciously. It wasn't until that time that I realized how important crypto was.”

Conclusion

If signed, this executive order could mark a turning point in the intersection of politics, finance, and crypto—setting new standards for financial neutrality and reshaping the banking landscape for digital asset firms.

@ Newshounds News™
Source: The Block

~~~~~~~~~

CFTC Moves to Allow Spot Crypto Trading on Registered Exchanges

New initiative aligns with Trump administration’s crypto recommendations and aims to bring federal-level clarity to digital asset markets

CFTC Launches Spot Market Crypto Initiative

The U.S. Commodity Futures Trading Commission (CFTC) has announced a major step toward regulating spot crypto trading, as part of its ongoing efforts to implement policy guidance from the Trump administration’s Working Group on Digital Asset Markets.

The new initiative would enable the trading of “spot crypto asset contracts” on CFTC-registered futures exchanges, marking a significant shift in how digital assets could be regulated at the federal level.

“The CFTC is full speed ahead on enabling immediate trading of digital assets at the Federal level in coordination with the SEC’s Project Crypto,”
— Caroline Pham, CFTC Acting Chair

What Are Spot Crypto Contracts?

These proposed spot crypto asset contracts would closely resemble traditional futures-style listed contracts — with the crucial difference that they would reflect real-time spot market prices for cryptocurrencies. Importantly, these contracts would be traded on designated contract markets (DCMs) registered with the CFTC.

This structure is designed to mirror existing futures market practices, while offering investors direct exposure to the spot value of cryptocurrencies — under federal oversight.

CFTC Opens Public Comment Period

The CFTC is requesting feedback on the application of two key legal provisions:

• Section 2(c)(2)(D) of the Commodity Exchange Act
  This provision requires that leveraged retail commodity transactions occur on CFTC-registered exchanges, offering a clear legal foundation for regulating leveraged spot crypto trading.

• Part 40 of CFTC Regulations
  This section governs how DCMs operate, including registration, compliance, and enforcement requirements.

The agency is also seeking views on:

• How this framework might interact with SEC oversight if crypto assets are classified as securities.

• The legal implications of offering non-security digital assets that may still qualify as investment contracts.

🗓️ Public comments are open until August 18.

Background: 18 Crypto Recommendations for the CFTC

The CFTC’s move is part of a broader initiative to implement the 18 recommendations from the President’s Working Group on Digital Asset Markets (released last week), which called on the Commission to:

• Clarify how digital assets are classified as commodities vs. securities.

• Outline rules for decentralized finance (DeFi) participation in regulated markets.

• Guide CFTC-regulated entities on digital asset custody, trading, and disclosure.

• Consider rule changes to accommodate blockchain-based derivatives.

Sixteen additional recommendations involve joint cooperation with agencies like the SEC, Treasury, and Federal Reserve, reflecting a coordinated federal crypto strategy.

Leadership Transition and Political Context

The CFTC is currently operating with just two commissioners:

• Caroline Pham, Acting Chair

• Kristin N. Johnson, who is reportedly planning to step down later this year.

Leadership gaps have widened following:

• Rostin Behnam’s resignation in January after the Trump administration’s return.

• Summer Mersinger and Christy Goldsmith Romero both stepping down in May.

The Trump White House had nominated Brian Quintenz, a former CFTC commissioner and crypto-friendly policy advocate, as permanent chair — but the Senate vote was delayed last week after White House intervention, leaving the appointment in limbo.

Conclusion

The CFTC’s proposal to allow spot crypto asset trading on federally registered exchanges represents a key moment in U.S. crypto regulation, signaling a turn toward institutionalization and clarity under the Trump administration.

By formally integrating digital asset spot trading into the framework used for derivatives markets, the CFTC is creating the conditions for regulated, scalable, and transparent crypto markets — with DeFi, retail leverage, and blockchain infrastructure all on the agenda.

@ Newshounds News™
Source: Cointelegraph    

~~~~~~~~~

SEC’s Hester Peirce Defends Crypto Privacy, Slams Financial Surveillance

“Crypto Mom” calls for modern laws, challenges financial overreach, and backs crypto’s privacy promise amid rising regulatory tension.

Hester Peirce Challenges Financial Surveillance Regime

SEC Commissioner Hester Peirce, known as “Crypto Mom” for her pro-digital asset stance, delivered a powerful defense of financial privacy during the Science of Blockchain Conference, urging U.S. regulators to rethink outdated laws that no longer serve the modern digital economy.

Peirce sharply criticized the Bank Secrecy Act (BSA) — a 55-year-old law she described as the foundation of a growing financial surveillance state. She called for a regulatory reset to protect individual freedoms in the digital era.

“Our laws have turned banks into surveillance arms of the government. Crypto can restore the privacy that once existed with cash.”
— Hester Peirce, SEC Commissioner

Financial Surveillance by the Numbers

Peirce highlighted the extent of state surveillance:

• 25 million financial activity reports were filed in 2024 alone

• 4.7 million were classified as “Suspicious Activity Reports” (SARs)

• All data is collected under BSA mandates, without requiring individual warrants

She also criticized the SEC’s Consolidated Audit Trail (CAT) system, which logs every investor trade, regardless of suspicion — a practice she said erodes privacy and civil liberties.

Crypto’s Role in Restoring Financial Privacy

Peirce framed cryptocurrencies as digital analogues of cash, enabling private peer-to-peer transactions without third-party oversight. She argued that attempting to apply surveillance laws to immutable open-source protocols is misguided.

Her comments come during the Tornado Cash case, where co-founder Roman Storm faces trial in New York. Prosecutors allege the privacy protocol facilitated money laundering, while his defense maintains it’s a neutral tool, not unlike email or encryption.

A Lesson From the 1990s Encryption Wars

Peirce drew parallels to the 1990s battles over public encryption, when the U.S. government tried to ban strong cryptography for national security reasons. She invoked the legacy of Phil Zimmermann, creator of Pretty Good Privacy (PGP), whose legal victory secured Americans' right to private communication.

“We didn’t ban email because bad actors used it. We shouldn’t ban crypto privacy tools either.”
— Hester Peirce

Rejecting the DeFi Broker Rule

Peirce also denounced the now-repealed DeFi broker reporting rule, which would have required decentralized platforms to report user data to the IRS — a policy she described as an attempt to “deputize” DeFi platforms as state surveillance tools.

That rule, introduced under the Biden administration, was formally repealed by President Trump in April, in line with his administration’s pro-crypto platform.

Industry Applauds Peirce’s Stance

Crypto leaders rallied behind Peirce’s speech:

• Peter Van Valkenburgh, CoinCenter: “One of the clearest defenses of financial privacy in the crypto era.”

• Nate Geraci, NovaDius Wealth: “Everyone in the industry should read her remarks in full.”

SEC’s New 'Project Crypto' Initiative

In a surprising alignment, SEC Chair Paul Atkins announced Project Crypto, a policy initiative to:

• Modernize securities laws for blockchain-based assets

• Support tokenized finance

• Review and repeal outdated regulations

The program marks the SEC’s first coordinated move to bring tokenized assets under a supportive federal framework.

Meanwhile, the White House is reportedly preparing an executive order to penalize banks that block crypto users and investors — further dismantling Biden-era crypto restrictions.

Conclusion: Privacy, Not Paranoia

Commissioner Peirce’s speech places financial privacy at the center of digital rights, casting crypto not just as a speculative asset class but as an essential safeguard against state overreach.

Her remarks — alongside the SEC’s shift toward Project Crypto — suggest a broader regulatory realignment is underway, one that may define how privacy, innovation, and individual sovereignty are balanced in the 21st century financial system.

@ Newshounds News™
Source: Coinpedia   

~~~~~~~~~

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“Tidbits From TNT” Tuesday Morning 8-5-2025

TNT:

Tishwash:  Today, Parliament holds its final session of the second term, with 10 items on the agenda.

The House of Representatives intends to hold its fourth session of the second term of its fourth and final legislative year today, Tuesday.

According to the agenda published by the media department, the parliament will vote on five laws and read five others. The parliamentary security and defense committee noted that all details of the Popular Mobilization Forces law have been finalized and submitted to the parliament presidency for a vote in the upcoming sessions .

According to today's session agenda, the Council will vote on draft laws, amending Law No. 20 of 2020 on the Foundations of Equivalency of Degrees, the Renewable Energy Regulation Law, the Mental Health Law, amending the National Nuclear Regulatory Authority Law, and the law ratifying the Mutual Encouragement and Protection Agreement between Iraq and Saudi Arabia. The Council will also conduct first readings of three draft laws: the first amendment to the Sunni Endowment Law, the Juvenile Care Law, and the first amendment to the Minors Care Law. The Council will also conduct the second reading of the Army Aviation College Law and the proposed law regulating the rights of minors.

For his part, the head of the Parliamentary Security Committee, Karim Aliwi, stated that "the Popular Mobilization Law has been fully completed," noting that "the committee hosted the leadership of the Popular Mobilization Authority, and its proposals and comments were incorporated into the final version of the law, ensuring the rights of the Mobilization's members are preserved." 

He explained that "the committee was keen to prepare a law that meets the requirements of the current stage and does justice to the fighters who made great sacrifices in the liberation battles, and all technical and legislative matters related to it have been completed  link

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

Tishwash:  The Ministry of Finance denies a liquidity shortage and explains the reason for the delay.

The Ministry of Finance denied on Monday any shortage of financial liquidity, while indicating that it is fully secured until the end of the current fiscal year.

A statement from the Ministry of Finance received by Al-Mada stated that "the Accounting Department at the Ministry of Finance has begun funding the salaries of civilian and military retirees for the month of August 2025," stressing that it has "completed the procedures for transferring the funding amounts to the National Retirement Authority, for disbursement by the relevant banks in accordance with approved procedures."

She explained that "the delay in salary disbursements was due to the weekend being the time for foreign banks to send remittances for oil sales, which led to the postponement of remittances, which are normally only carried out on official holidays. She explained that salaries are fully secured until the end of the current fiscal year, and that claims of a liquidity shortage are unfounded." 

The ministry called on "retirees to follow bank notifications starting today, noting that disbursements will be made gradually over the coming hours."  link

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

Tishwash:  The Ministerial Council for Economy forms a permanent committee with the participation of the Kurdistan Region to unify customs duties.

 The Ministerial Council for the Economy formed a permanent committee comprising representatives from the federal government and the Kurdistan Region, with the aim of unifying customs duties at all Iraqi border crossings and developing the customs work system. The meeting was held during a meeting dedicated to discussing Cabinet Resolution No. 270 of 2025, in the presence of officials from the ports and customs authorities from both the federal and regional sides.

A statement by the Council, a copy of which was received by {Euphrates News}, stated that: “Deputy Prime Minister and Minister of Foreign Affairs Dr. Fuad Hussein chaired the 25th session of the Ministerial Council for the Economy, which was held in the Council building in the presence of the Deputy Prime Minister and Minister of Planning, the Ministers of Finance, Trade, Agriculture, Industry, Labor and Social Affairs, the Secretary General of the Council of Ministers, the Governor of the Central Bank of Iraq, the Chairman of the Securities Commission, the Deputy Chairman of the National Investment Commission, and the Prime Minister’s Advisor for Legal Affairs.”

The Council noted that it would host the Chairman of the Border Ports Authority, the Director General and Director of the Legal Department of the Customs Authority in the Federal Government, and a delegation from the Kurdistan Region represented by the Advisor to the Ministry of Interior, the Director General of Customs, and the Director General of Relations with the representatives of the Region, to discuss Cabinet Resolution No. 270 of 2025 regarding customs tariffs and the unification of fees across all Iraqi border crossings.

He added, "After extensive discussions, the Council decided to form a permanent committee headed by the Prime Minister's Advisor for Border Crossings and Customs Affairs, with membership of representatives at the level of Director General from the General Customs Authority in the Ministry of Finance, the Ministry of Trade, the Central Bank, the Border Crossings Authority, and two representatives from the Kurdistan Region to unify efforts, conduct periodic evaluations, and provide observations and opinions in order to develop customs work at all border crossings. Specialists in the Kurdistan Regional Government will also submit their observations and proposals regarding the above-mentioned Cabinet decision within a period of thirty days from the date of formation of the above-mentioned committee."

The statement continued, "The Council also reviewed the World Bank report, along with the proposals and recommendations submitted by the committee responsible for studying the bank's indicators on the business sector. These included taking the necessary measures to implement the reform paragraphs included in the executive plan within specific deadlines, particularly simplifying procedures, amending laws and legislation, improving services and the business and investment environment, and shifting to the use of digital technology in all transactions."

He affirmed the Council's approval of the Ministry of Industry's request to allow the Baghdad Petrochemical Refinery Company to export oxidized asphalt through the Trebil border crossing. The Council also decided to recommend to the General Secretariat of the Council of Ministers, after obtaining the Prime Minister's approval, to issue a circular exempting foreign companies from opening branches in Iraq if their activity is related to supply contracts or providing consulting.  link

Mot:  . Careful What Ya Wish fer!!!! ----

Mot:  Can U Guess --- the Leader of -- ""Cat Beds"" 

FRANK26….8-4-25…ALOHA….BANK STORY

KTFA

Monday Night Video

FRANK26….8-4-25…ALOHA….BANK STORY

Intel begins about minute 8:00

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=Hd-3vtZW824

Iraq Economic News and Points To Ponder Monday Afternoon 8-4-25

IMF: Iraq Is The Fifth Largest Arab Economy

Economy | 03/08/2025   Mawazine News – Baghdad  Data released by the International Monetary Fund (IMF) on Sunday showed that Iraq ranked fifth among the largest Arab economies in 2025 in terms of nominal GDP, with a total of $259.02 billion.

According to the ranking, Saudi Arabia topped the list with a GDP of $1.083 trillion, followed by the UAE in second place with $548.6 billion, Egypt in third place with $347.59 billion, and Algeria in fourth place with $268.88 billion, ahead of Iraq, which came in fifth.

The other rankings were as follows:

Qatar:   $222.78 billion (sixth)

Morocco:   $165.84 billion (seventh)

Kuwait:   $153.1 billion (eighth)

Oman:   $103.35 billion (ninth)

Tunisia:   $96.29 billion (tenth)

These data reflect a clear disparity in the sizes of Arab economies, with Gulf countries dominating the top ranks thanks to their oil resources and significant investments, while North African countries occupy intermediate and varying positions based on demographic factors and different economic structures.

The Iraqi economy continues to maintain its position among the five largest Arab economies, despite the political, security, and service-related challenges it faces, relying primarily on its oil exports and strategic geographic location.

Observers believe that stable oil prices and the government's drive to diversify sources of income and revitalize the agriculture, industry, and services sectors may provide Iraq with a real opportunity to strengthen its economic position in the coming years.
https://www.mawazin.net/Details.aspx?jimare=264554

OPEC: Iraq's Production To Rise To 4.22 Million Barrels In September

Time: 2025/08/03 14:50:04 Reading: 450 times  {Economic: Al Furat News} OPEC+ announced on Sunday that eight of its member countries will raise their oil production ceiling by 547,000 barrels per day in September, thus ending their voluntary production cuts of 2.2 million barrels per day.

This decision comes as part of a gradual return to the voluntary cuts that have been in place since 2023. With the current compensation plans, the total production ceiling for the eight countries will increase by 528,000 barrels per day.

As a result, Russian oil production is set to rise to 9.449 million barrels per day in September, while Saudi production will increase to 9.976 million barrels per day. These figures do not include countries' compensation plans for previous overproduction.

In addition, the production ceiling will be raised for other members:

- Iraq: 4.22 million barrels per day.
-Kazakhstan: 1.55 million barrels per day.

The next meeting of the eight OPEC+ countries to discuss oil production quotas is scheduled for September 7.   LINK

Within A Week, Iraq's Oil Exports To The US Declined.

Economy | 03/08/2025  Mawazine News - Follow-up  The US Energy Information Administration announced, on Sunday, a decline in Iraqi oil exports to the United States during the past week.

The administration said in its statistics, "The average US imports of crude oil during the past week from nine major countries amounted to 5.368 million barrels per day, an increase of 17,000 barrels per day compared to the previous week, which averaged 5.351 million barrels per day."

It added that "Iraqi oil exports to the United States amounted to an average of 214,000 barrels, a decrease of 59,000 barrels per day compared to the previous week, which averaged 273,000 barrels per day."]

The administration also indicated that "the largest oil revenues to the United States during the past week came from Canada, at an average of 4.089 million barrels per day, followed by Nigeria with an average of 250,000 barrels per day, from Saudi Arabia with an average of 223,000 barrels per day, and from Mexico with an average of 172,000 barrels per day."

According to the table, "US crude oil imports from Colombia averaged 165,000 barrels per day, from Ecuador 98,000 barrels per day, from Libya 87,000 barrels per day, and from Brazil 70,000 barrels per day, while no imports were made from Venezuela." https://www.mawazin.net/Details.aspx?jimare=264531

For Several Days The Exchange Rate In Baghdad Has Been Stable.

Economy | 03/08/2025  Mawazine News - Baghdad -  The exchange rate of the dollar against the dinar witnessed stability in the Iraqi local markets on Sunday.

The selling price reached 140,500 dinars for $100, while the buying price reached 138,500 dinars for $100.   https://www.mawazin.net/Details.aspx?jimare=264541

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

How To Save Thousands If You Want To Buy A Car

How To Save Thousands If You Want To Buy A Car

Moneywise  Sun, August 3, 2025

US car market bankrupting Americans — and it’ll only get worse.

The U.S. car market faces a perfect storm that is rapidly engulfing ordinary car owners across the country. The clearest warning sign is the rising rate of auto loan borrowers who are falling behind on their monthly payments.

As of January this year, 6.6% of subprime auto borrowers were at least 60 days past due on their loans, according to a report by Fitch Ratings.

This is the highest rate since Fitch started collecting this data in the early 1990s. And things are not expected to get better. The report says the subprime segment of the auto loan market faces a “deteriorating outlook” for the rest of 2025.

This is especially alarming given the scale of the auto loan market. As of the first quarter of 2025, households carried  $1.64 trillion in auto loan debt — surpassing both the $1.18 trillion in credit card debt and the $1.63 trillion in student loan debt, according to Debt.org.

Here’s how cars transformed from symbols of freedom to symbols of unsustainable, toxic debt.

How did we get here?

The foundation of today’s crisis was laid five years ago during the pandemic. Supply chain disruptions and factory closures created strange dynamics that pushed car prices higher.

In January 2022, 80% of new car buyers paid more than the manufacturer’s suggested retail price, or MSRP, according to Edmunds. Used car prices were rising faster than new car prices at the time, according to Cox Automotive.

In other words, car buyers paid too much for their cars.

Now, values have declined while many owners have seen a steady rise in interest rates. This shift has pushed many car owners underwater on their purchase.

In fact, one-in-five vehicle trade-ins near the end of last year had negative equity of $10,000 or more, according to Edmunds. The situation is grim, and the outlook is just as bleak.

What comes next?

While the auto market is dealing with rising interest rates and dropping prices, it’s now also facing the additional challenge of President Donald Trump’s trade war.

TO READ MORE:  https://finance.yahoo.com/news/us-car-market-bankrupting-americans-142900117.html

15 Things To Do If You Get Rich All of a Sudden

From Recaps Archives

15 Things To Do If You Get Rich All of a Sudden

In this Alux.com video we'll try to answer the following questions:

What should you do if you get rich all of a sudden?

What do to if you inherit money?

How to manage a large sum of money?

What should you do if you get rich?

What do to if you win the loto?

 How to manage wealth?

How to get wealthy?

How to maintain being rich?

 How to keep your wealth?

How not to lose money?

 Why do people go broke after they went rich?

 How do people lose money?

 What if you inherit a fortune?

I just inherited a million dollars, what do I do?

How to you being investing money?

What you should know about money?

https://www.youtube.com/watch?v=TVJOyArnq3s&t=160s

More News, Rumors and Opinions Monday PM 8-4-2025

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

RV Excerpts from the Restored Republic via a GCR: Update as of Mon. 4 August 2025

Compiled Mon. 4 August 2025 12:01 am EST by Judy Byington

Possible Timing:

Sun. 3 Aug. 2025 Wolverine: “The money has now being deposited into paymasters account. Everything is ready to go. Praying that tomorrow we can all celebrate. Some Bond Holders have appointments for Mon. 4 Aug.”

Sun. 3 Aug. 2025 A2Z Dreamz: “We were told that trigger groups funds happened on Friday 1 Aug. 2025, which leads to appointments and confirmations for this coming week. Sorry if that was unclear, yes those two things go hand in hand.”

Judy Note: The following video appears to be bank made to attract you to exchange at banks. It is my understanding that you will get better rates at a Redemption Center where you get your appointment through calling a 800 number: Sun. 3 Aug. 2025: Dinar, Dong, Rates Set: U.S. Bank Begins IQD & VND Exchange – Contract Rates Secured, Booking Now Available . IQD TODAY

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Sun. 3 Aug. 2025 A2Z Update Key Events Happening This Week:

Executive Orders Issued (July 31st):
President Trump signed orders modifying reciprocal tariff rates, These countries must correct values by August 7th or face higher tariffs.

Triggers Paid (Friday Afternoon, PST):
Multiple sources confirmed that financial “triggers” were paid, initiating the next phase toward rate changes.

4A Contacts Under NDA (as of Today):
Five trusted 4A contacts are now fully under NDA, signaling active movement behind the scenes.

Forex Activity (August 3rd):
Forex markets opened 90 minutes before the message; rates are described as “shuddering and rumbling,” suggesting background adjustments.

Liquidity Addition Expected Overnight:
Liquidity is anticipated to be added as global markets open into the early morning hours, a key step before rates appear.

Red Flag Timeline:
If rates aren’t visible by late morning tomorrow, it’s considered a potential red flag for delays.

Sun. 3 Aug. 2025 An Executive order signed on July 31 adjusted tariffs for many countries including Iraq, Vietnam and Venezuela says that tariffs will take affect August 7 for those countries. https://x.com/majeed66224499/status/1951721216747667481 https://x.com/majeed66224499/status/1951721216747667481?s=09

Mon. 4 Aug. 2025 Wolverine: Tier4b Redemption starts. New rates could show up on the Forex.

Fri. 15 Aug. 2025 Wolverine: Deadline for GCR to go public and have new rates listed on the Forex.

Fri. 15 Aug. 2025: Deadline for new rates to be on Forex.

Read full post here:  https://dinarchronicles.com/2025/08/04/restored-republic-via-a-gcr-update-as-of-august-4-2025/

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

Frank26  [I-Team Update]    I-TEAM: They are preparing the way for the new exchange rate and the lower notes to come out.  They are rolling it out via communications to the rest of the world...

Mnt Goat   Article: “PAYMENT OF DUES IN BLACK OIL AND TIGHTENING CONTROLS AT PORTS ARE THE MAIN REASONS FOR THE DOLLAR’S DECLINE.”  ...they have collectively created an economic environment that has contributed to strengthening the dinar’s value. Is this not what we wanted to see?...

Brace for S&P Disaster : ‘Scary’ April Repeat Looms

Daniela Cambone:  8-4-2025

If there's something to tip the boat, it could be maybe not what we saw in April, but maybe something almost as scary,” warns Carley Garner, founder of DeCarli Trading and frequent guest on Mad Money.

She tells Daniela Cambone that the S&P 500 is facing significant resistance and that “there's a lot of risk to try to make a couple extra points in the S&P”, raising the potential for a market pullback.

On the U.S. economy, Garner notes, “The numbers look great, right? … but when I look under the surface, I ask myself, how did we get to these great numbers?

And I think the answer is leverage.” She cautions that “there’s a lot more risk in the system than people recognize.” Don’t miss today’s conversation.

Chapters:

00:00 – Why the U.S. dollar matters

 03:29 – Copper outlook

 04:30 – Gold and the dollar’s relationship

06:42 – Silver’s trajectory

08:53 – Retail investors’ appetite for gold

 09:50 – The future of the S&P 500

11:09 – The health of the U.S. economy

https://www.youtube.com/watch?v=cfgDsUUR0_s

How Much Money Would Your Kid Have at Retirement If You Invested $5 a Month From Birth?

How Much Money Would Your Kid Have at Retirement If You Invested $5 a Month From Birth?

Peter Burns  Sun, August 3, 2025   GOBankingRates

It’s obvious that those who start saving early end up with a lot more for retirement. But, what if you started saving for your kid from the moment they were born? Putting a small amount away each month, even as little as $5, would amount to $60 saved per year. By the time they reach full retirement age of 67 (for most), you will have $4,020 saved up. This number isn’t very impressive on its own, but if you take advantage of compound interest, you’ll be looking at a much higher number.

Compound interest is when you earn interest on an investment and, over time, earn interest on the interest you’ve already earned. For example, if you invest $100 and earn 5% interest on it each year, you’ll earn $5 your first year. At the beginning of the second year, you’ll have $105. When you earn 5% on your new amount, you’ll make $5.25 and go into your third year with $110.25. As time goes on, the amount you earn from interest balloons even if you don’t add any more to the initial amount.

So, if you invested $5 for your kid each month, would they have thousands or millions by the time they retire? We used 67 as full retirement age since that’s what it currently will be for future retirees. Here’s what the numbers look like.

$5 per Month

For most people, it’s relatively easy to set aside $5 each month for savings. If you put down an initial $5 investment and then start putting that same amount each month into a fund that earns 7% and compounds monthly for your child, it would start to add up and look like this:

• Year 1: $67.32

• Year 5: $365.05

• Year 10: $875.47

• Year 20: $2,624.83

• Year 30: $6,140.44

• Year 40: $13,205.62

• Year 50: $27,404.26

• Year 60: $55,938.70

• Year 67: $91,719.74

With a compounding interest of 7% each month, you effectively add $87,694.74 of interest to the $4,025 that you actually set aside. Not bad for a $4,025 investment spread out over 67 years.

$15 Per Month

While having around $92,000 isn’t bad, it’s not enough for retirement. The median amount that retirees have saved by the time they’re in their 60s is $539,068. Let’s see what happens when the savings amount increases to $15 under the same conditions. Here’s how the math breaks down:

TO READ MORE: https://www.yahoo.com/finance/news/much-money-kid-retirement-invested-130205712.html

Seeds of Wisdom RV and Economic Updates Monday Afternoon 8-4-25

Good Afternoon Dinar Recaps,

Russia and Saudi Arabia Announce Strategic Oil Production Hike Starting October

OPEC+ to add 547,000 barrels per day, challenging Western influence and deepening geopolitical rifts.

In a significant move that could reshape global energy markets and intensify geopolitical tensions, Russia, Saudi Arabia, and their OPEC+ partners have announced a coordinated production increase of 547,000 barrels per day beginning in October 2025.

While representing just 0.6% of global oil consumption, this shift signals a broader strategic objective: to reclaim market share and reassert influence over the global energy balance amid a deteriorating relationship between Moscow and Washington.

OPEC+ Shifts Strategy Toward Volume Recovery

The production increase, agreed upon on Sunday, August 3, by eight OPEC+ member countries, marks a decisive pivot from the group’s previous stance of tight output restrictions aimed at supporting high oil prices.

Led by Saudi Arabia and Russia, the initiative reflects a growing emphasis on volume over price, as producers seek to capitalize on long-term global demand trends. The Brent crude benchmark is currently trading near $70 per barrel, a stark contrast to the $120 per barrel highs of 2022 during the initial months of the Ukraine conflict.

For consumers, the stabilization in oil prices may translate to steady retail fuel prices. In France, for instance, average prices remain at 1.62 euros per liter for diesel and 1.66 euros for gasoline.

A Disputed Energy Outlook

OPEC+ forecasts suggest that global oil demand will continue to rise until mid-century, largely driven by industrializing economies. This projection stands in direct contradiction to the International Energy Agency (IEA), which anticipates a peak in oil demand by 2030, primarily due to the increasing adoption of electric vehicles and renewable energy technologies.

This divergence in outlook reflects not just differing economic models, but also ideological and geopolitical rivalries over the future of energy governance.

Geopolitical Implications: Oil as a Tool of Statecraft

The announcement comes amid heightened geopolitical tension. U.S. President Donald Trump has escalated pressure on Moscow, issuing an ultimatum to resolve the conflict in Ukraine within ten days or face a new round of punitive measures.

Among the options under review is a 100% tariff on imports of Russian goods, including hydrocarbons. This approach is designed to isolate Russia economically while also deterring its trading partners—most notably India, which has emerged as the second-largest importer of Russian oil, averaging 1.6 million barrels per day in 2025.

However, India has rejected U.S. pressure, asserting that its strategic autonomy and energy security priorities take precedence. Officials in New Delhi have reaffirmed their commitment to maintaining strong energy ties with Moscow, signaling a broader realignment in global economic alliances.

This position illustrates the erosion of Western unilateralism and the rise of alternative power blocs such as BRICS, which advocate for a more multipolar world order.

The New Energy Chessboard: OPEC+ Redefines Its Role

OPEC+’s production hike is not merely a response to market dynamics; it is part of a deliberate political and economic recalibration. In a world of fractured trade regimes, currency realignments, and strategic decoupling, energy is once again becoming a central tool of statecraft.

By increasing output, OPEC+ is attempting to:

• Reassert its relevance in a fragmented energy landscape,

• Undercut competitors and rebalance supply chains,

• And reshape the rules of global energy governance to better reflect a multipolar reality.

In this evolving context, every barrel of oil becomes a geopolitical asset, and every alliance an act of sovereignty.

Conclusion: A New Era of Energy Geopolitics

The decision by Russia, Saudi Arabia, and their allies to boost oil production is more than a supply-side adjustment. It marks a strategic inflection point—one where control over energy flows becomes intertwined with the global contest for economic influence and diplomatic leverage.

As Western powers attempt to assert pressure through sanctions and tariffs, OPEC+ is responding with market-based countermeasures that signal resilience and strategic foresight.

The global energy order is no longer defined by price alone—but by the political power that comes with production, distribution, and refusal.

@ Newshounds News™
Source: Cointribune   

BRICS 2025: What the Summit Really Achieved Behind Closed Doors

Despite the absence of Xi and Putin, the Rio summit delivered breakthroughs on currency cooperation and infrastructure investment.

While much of the media spotlight fixated on who didn’t attend the BRICS 2025 Summit in Rio de Janeiro, the reality is that the gathering produced substantive and strategic outcomes—quietly but decisively laying the groundwork for a more sovereign and coordinated financial future for the Global South.

Two key breakthroughs emerged:
➡️ The launch of the BRICS Multilateral Guarantees initiative, modeled after the World Bank’s MIGA, to reduce investment risk in the Global South.
➡️ Concrete steps forward in the BRICS currency project, aiming for a 2026–2027 operational window.

1. BRICS Multilateral Guarantees Initiative: Building Infrastructure for the South

The 2025 Summit culminated in a joint declaration titled “Strengthening Global South Cooperation for a More Inclusive and Sustainable Governance.” Central to this declaration was the unveiling of the BRICS Multilateral Guarantees initiative—a new framework designed to provide political risk insurance for infrastructure investment across member states and other Global South partners.

Inspired by the World Bank’s Multilateral Investment Guarantee Agency (MIGA), the initiative aims to address a long-standing issue: the lack of reliable, non-Western-backed investment security mechanisms. By mitigating risks such as expropriation, political unrest, or breach of contract, BRICS nations are attempting to unlock new capital inflows outside of Bretton Woods–style constraints.

This new institution signals the next phase of the bloc’s ambition: building parallel governance infrastructure, not just critiquing the existing one.

2. Currency Cooperation Accelerates: A Supranational BRICS Payment System

Perhaps more consequential is the clear acceleration of the BRICS monetary agenda. The Rio summit confirmed that the BRICS currency project is targeting full operational capacity by 2026 or 2027, with member nations actively piloting regional integration of settlement systems and CBDC frameworks.

Highlights from this monetary coordination include:

• Russia and China intensifying ruble-yuan bilateral trade settlement.

• India expanding rupee use in regional trade with Global South partners.

• The continued development of BRICS Pay, a blockchain-based, cross-border payment network designed to circumvent SWIFT and other Western-controlled systems.

• Integration of central bank digital currencies (CBDCs), with pilot projects testing interoperability between national CBDCs and the proposed supranational unit.

This isn’t just abstract planning—payment system development is already underway, and the next 18–24 months will be critical in proving that technical compatibility and geopolitical coordination can deliver a viable alternative to the U.S. dollar–centric system.

3. Trade Tensions, Dollar Dependencies, and the Reality Check

Despite ambitious rhetoric, the BRICS declaration notably omitted direct references to the United States—a diplomatic signal that member states are trying to balance internal objectives with economic realities.

Key context:

• BRICS members are still deeply integrated with U.S. markets.

• Many rely on the U.S. dollar for a significant portion of their export revenues.

• Any sudden decoupling from Western trade systems could cause domestic economic disruptions.

As of 2025, the expanded BRICS bloc accounts for 46% of the world’s population and 37% of global GDP, giving legitimacy to the idea of a multipolar monetary system. However, the success of dedollarization depends not just on political resolve, but on resolving contradictions in trade dependencies and trust in yet-to-be-launched instruments.

Conclusion: From Talk to Action

The BRICS 2025 Summit quietly achieved more than expected—delivering on real policy infrastructure and technological implementation. The Multilateral Guarantees initiative and progress on BRICS Pay represent a serious pivot from symbolic diplomacy to tangible coordination.

Still, the path forward remains complex. A shared currency or digital settlement layer will require deep technical alignment, institutional trust, and consistent political will, especially between countries with divergent economic models and national priorities.

If BRICS can overcome these obstacles, 2026 could mark the debut of a truly independent financial system—one that redefines not just how countries trade, but how they project sovereignty on the global stage.

@ Newshounds News™
Source: Watcher.Guru   

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Thank you Dinar Recaps

News, Rumors and Opinions Monday 8-4-2025

Gold Telegraph: Gold is Behaving like the Ultimate Reserve Currency

8-3-2025

BREAKING NEWS: INDIAN OFFICIALS SAY THAT THEY WOULD KEEP PURCHASING CHEAP OIL FROM RUSSIA DESPITE A THREAT OF PENALTIES FROM THE UNITED STATES

I am publishing a new article shortly.

“There is a growing sense in India that its leaders should not allow American policymaking to shape its choices on vital energy supplies…”

Source: https://www.nytimes.com/2025/08/02/world/asia/india-russia-oil-trump-threats.html

Iran has moved to remove four zeros from its plunging national currency… Fiat currency.

Here you go: https://fortune.com/2025/08/03/iran-currency-value-us-dollar-rial-four-zeros/

At the end of June, the dollar posted its worst first-half performance since the collapse of Bretton Woods in the early 1970s. On Friday alone, the U.S. Dollar Index dropped nearly 1%. Gold is behaving like the ultimate RESERVE CURRENCY. Why? The majority of countries own it.

BREAKING NEWS: CHINA MAY NEED TO TRIM RECORD COPPER OUTPUT ON SHORTAGE OF ORE

The glue of the world…

“At just over 560,000 tons, stockpiles of concentrate at Chinese ports have dropped to the lowest level this year…”

Source: https://www.bloomberg.com/news/articles/2025-08-03/china-may-need-to-trim-record-copper-output-on-shortage-of-ore

BREAKING NEWS: CHINA IS LIMITING THE FLOW OF CRITICAL MINERALS TO WESTERN DEFENSE MANUFACTURERS

This is big.

Minerals vs. Debt.

“Beijing’s tightened controls are a sign of the leverage it has over the U.S. military supply chain…”

Source: https://www.wsj.com/world/asia/china-western-defense-industry-critical-minerals-3971ec51

Source(s):    https://x.com/GoldTelegraph_/status/1952043642270654893

https://dinarchronicles.com/2025/08/04/gold-telegraph-gold-is-behaving-like-the-ultimate-reserve-currency/

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

Militia Man  Interesting enough on the same day that [huge oil] ship kicked out of [the new] port, the United States reduces tariffs on Iraq from 39% to 35%...Is this symbolic? Yeah.  But in the scheme of things, into the future when they adjust a real effective exchange rate 35% is going to be nothing.  It really won’t be.

Frank26  Right now they’re training the banks of Iraq, their employees, on how to deal with counterfeiting and smuggling...for the security and stability of their monetary reform.  But they’re to using the 3-zero notes to train them with?  ...This pattern is one that you have to respect...There’s no crime against that currency because that currency won’t exist.  So what are you using, the lower notes?  No, they don’t want to show the lower notes just yet.  They’re going to do the lower notes and exchange rate at pretty much the same time...

Frank26   Question:   “How long will we have to exchange?”  That’s up to the CBI but we still have 3 zero notes.  It can be null and void within a specific amount of time but I think they’re going to give them at least a year or maybe more. 

When Gold Is REVALUED, Silver Will Go ABSOLUTELY BALLISTIC! – Andy Schectman

Financial Wisdom:  8-3-2025

0:00 - Gold Revaluation and Dollar Devaluation

1:16 - Misconceptions About Federal Reserve and Gold

 2:00 - The Role of Treasury Debt and Inflation

3:02 - Gold Pegging to Long-Term Treasury Debt

4:03 - The Impact of Gold Revaluation on Silver

5:00 - Silver's Growth and Gold-Silver Ratio

6:20 - Silver's Industrial and Strategic Importance

 7:30 - Investment Ratios for Gold, Silver, and Platinum

8:20 - Platinum’s Role and Market Behavior

9:47 - Silver's Supply Deficit and Retail Demand

11:02 - The Potential Market Shock and Precious Metals Shortages

https://www.youtube.com/watch?v=1jNEjVeXPnY