This Money Expert Says ‘Savers Are Losers’ — Is He Right? Experts Weigh In

This Money Expert Says ‘Savers Are Losers’ — Is He Right? Experts Weigh In

Dawn Allcot  Tue, August 5, 2025  GOBankingRates

Robert Kiyosaki, finance expert and “Rich Dad, Poor Dad” author, has been known for straight talk about the economy. In a recent tweet, he said, “Savers are losers.”

He pointed out that the U.S. Federal Reserve’s way to avoid economic disaster is to print more money. He listed the 1987 market crash, the 1998 long-term capital management (LTCM) crash, the 2019 repo market seizure, the COVID-19 pandemic and the Silicon Valley Bank failure as examples.

 “It’s not a new crisis….it’s the same crisis getting bigger,” he wrote. Then, he warned, “Stop saving FAKE $. Start saving real gold, silver, Bitcoin. Protect your wealth. America is the biggest debtor nation in history… because of the FED. The Biggest Crash in history is coming….soon.”

Is Kiyosaki Right?

By most economic markers, experts said we are not heading for a recession this year. “As of now, the slight jump in inflation may be tied to tariffs, but there’s nothing in the data suggesting an imminent recession,” said Stephan Shipe, Ph.D., CFA, CFP, a finance professor at Wake Forest University and founder of Scholar Financial Advising.

Even so, inflation causes problems with saving, rather than investing. If your money in the bank is growing only at the national average of 0.38%, according to Federal Deposit Insurance Corporation statistics, but inflation is 2.7%, according to U.S. Bureau of Labor Statistics, you’re losing money. A better choice would be a high-yield savings account delivering returns of around 3%, but even then, you’re just barely keeping pace with inflation.

“Given the government’s massive money printing today and foreseeable future, the fiat currencies are devalued consistently through time. The U.S. dollar’s purchasing power is cut by half every 15 to 20 years,” explained CK Zheng, co-founder and chief information officer of ZX Squared Capital.

Technically, savers are losers in that they could end up losing purchasing power over time due to inflation. But even so, finance experts like Suze Orman and Dave Ramsey recommend some funds in an easily accessible, liquid savings account for small emergencies like car or home appliance repairs. “The truth of the matter is 75% of the people in the United States do not have at least $400 in savings for an emergency,” according to Orman in a recent GOBankingRates article

If you don’t have any high-interest debt, according to the Ramsey Solutions blog, you should strive to save three to six months’ worth of living expenses in an emergency savings account.

Should You Put Money Into Alternative Assets?

TO READ MORE:  https://www.yahoo.com/finance/news/money-expert-says-savers-losers-141608997.html

FRANK26….8-5-25….DEVALUE

KTFA

Tuesday Night Video

FRANK26….8-5-25….DEVALUE

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#

What Frank’s suit color’s mean…. FRANKS SUIT COLORS FOR CC'S..... WHITE = NEW INFO…. SILVER = INTEL FROZEN…. RED= HIGH ALERT… PURPLE=GUEST WITH US…. BLUE = AIR FORCE…. BLACK = GROUND/FF’S…. GREEN= MR OR FAB 4 ... GOLD = CHANGE… ORANGE=IMPLEMENTATION

https://www.youtube.com/watch?v=UoWAgVyD6zE

Genius Bill, CBDC Bill, and BBB Tells us of the QFS and NESARA: Dr. Scott Young

Genius Bill, CBDC Bill, and BBB Tells us of the QFS and NESARA: Dr. Scott Young

8-4-2025

In this detailed video presentation, Dr. Scott explores a multi-faceted plan associated with President Trump, often referred to as the “three-part plan,” alongside deeper insights into recent legislative developments impacting the U.S. financial and political landscape.

The discussion weaves together personal reflections, prophetic messages, and an in-depth analysis of significant bills such as the “Big Beautiful Bill,” the Genius Act, and HR5405, all of which relate to transformative changes in economic policy, digital currency regulation, and voting security.

Dr. Scott begins by sharing a prophecy about a shift from being overlooked to becoming a key player in a larger divine plan, resonating with his own experiences of overcoming personal challenges like dyslexia and stuttering.

He transitions into an overview of major legislative elements including large tax cuts, border security, Medicaid work requirements, SNAP reforms, and funding for rural hospitals, emphasizing both positive and controversial aspects.

A significant portion of the video is devoted to explaining the evolving landscape of digital currency, particularly the rejection of Central Bank Digital Currencies (CBDCs) and the introduction of the Quantum Financial System (QFS).

 Dr. Scott highlights how recent bills prevent the Federal Reserve from issuing CBDCs, promote decentralized blockchain technology, and protect privacy against financial surveillance, contrasting sharply with mainstream fears about digital currencies becoming tools for overreach and control.

He elaborates on the Genius Act’s provisions for stablecoins and digital asset regulation, which promote transparency and security while eliminating predatory banking practices like rehypothecation.

 Dr. Scott also discusses XRP and other cryptocurrencies as intermediaries in payment systems rather than replacements for sovereign money, clarifying misconceptions about their constitutional status and utility.

The video concludes with a hopeful outlook on the coming changes, emphasizing the enhanced accountability and transparency blockchain systems will bring to public and private financial transactions, thereby revolutionizing trust and governance.

Dr. Scott encourages viewers to remain patient and optimistic, as these transformative financial and political reforms are imminent and poised to bring significant benefits.

Dr. Scott’s presentation offers a comprehensive view of a transformative moment in U.S. financial and political history. Through a blend of prophetic insight, legislative analysis, and technological explanation, he reveals a complex but hopeful future where sovereignty, transparency, and fairness are prioritized.

 The defeat of CBDCs, the rise of the Quantum Financial System, and the Genius Act’s stablecoin regulations collectively signal a move toward a decentralized, accountable, and privacy-respecting financial order.

While challenges and controversies remain, the overall trajectory suggests profound change is imminent, inviting viewers to prepare mentally and spiritually for this new era.

https://youtu.be/MKYx56aQq1E

https://dinarchronicles.com/2025/08/05/dr-scott-young-genius-bill-cbdc-bill-and-bbb-tells-us-of-the-qfs-and-nesara/

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

Source: 5 Iraqi Banks Subject To Sanctions For Dollar Violations
 
August 4, 2025  Al-Mustaqilla/- An informed source revealed in a statement to Al-Mustaqilla that  five Iraqi banks have recently been subjected to punitive measures by the Central ank for violations related to their failure to comply with regulations governing transactions in US dollars.
 
This comes as part of an escalating regulatory campaign aimed at  regulating banking performance and
 combating currency smuggling. 

The source, who requested anonymity, explained that among these banks is the Bank of Baghdad,
 whose case has been one of the most prominent banking issues raised recently, after it was onfirmed that it was banned from dealing in dollars  due to violations related to  foreign transfers and  suspicious transactions.

The source added that  some of the banks subject to sanctions also face additional measures due to their  involvement in unregulated financial activities or weak adherence to audit and compliance mechanisms.

He noted that the sanctions vary from one bank to another and include a  ban on dealing in dollars,
 freezing certain activities,  or  direct oversight by the Central Bank.
 
Despite the actual issuance of these sanctions, the source noted that the Central Bank has not officially announced the names of all the banks affected by the sanctions,  raising questions about the reasons for this secrecy, especially given the impact these measures have had on the  financial market and   citizens' confidence in banking institutions.
 
This development comes at a time when the  Iraqi banking sector is suffering from internal and external pressures,  due to  US sanctions and restrictions on the dollar, in addition to challenges related to money laundering and the  financing of foreign networks.
 
Experts are calling on the government and the Central Bank to   be more transparent in announcing details of banking sanctions, to  ensure public confidence and  reassure customers about the safety of the financial sector.    https://mustaqila.com/مصدر-5-مصارف-عراقية-تخضع-لعقوبات-بسبب-م/  

Source: The Central Bank Of Iraq Has Suspended The Bank Of Baghdad From Dealing In Dollars.
 
August 3, 2025 Al-Mustaqilla/- An informed source reported that the Central Bank of Iraq has issued a decision to suspend the Bank of Baghdad from dealing in US dollars,  in a new move aimed at  strengthening oversight of financial transactions and   combating manipulation in the foreign exchange market. 
 
The source, who requested anonymity, told Al-Mustaqilla on Sunday that the decision was part of a series of measures taken by the Central Bank to curb currency smuggling and  stabilize the dinar-dollar exchange rate,  following the detection of violations related to   transfer mechanisms and   foreign transactions.
 
Bank of Baghdad  is one of the largest private banks in Iraq and    has a prominent presence in the banking market.  This decision will have a significant impact on banking and commercial operations, especially in light of the challenges facing the country's financial system.

No official comment has yet been issued by the bank concerned, but it is expected that this move will be followed by similar decisions against other banks and financial institutions that may be proven to be involved in financial violations or abuses in the use of the US dollar.

It is noteworthy that the Central Bank of Iraq has recently intensified its oversight measures on  foreign currency auctions and  external transfers, in an attempt  to  control the market and  restrict  speculation and  smuggling, which directly impact the country's economic stability.    https://mustaqila.com/مصدر-المركزي-العراقي-يوقف-مصرف-بغداد-ع/   

Source Reveals: Bank Of Baghdad Remains Sanctioned Despite Official Denials
 
August 4, 2025   Al-Mustaqilla/- In a new development that has sparked controversy in banking and media circles, the  Bank of Baghdad  issued an official statement today denying recent reports regarding sanctions related to its dealings in US dollars. The statement  affirmed that its banking operations are   proceeding normally and  in accordance with the regulations approved by the Central Bank of Iraq. 

The statement read,  "The bank continues to provide its services as usual and regularly, and all banking operations are carried out in accordance with instructions issued by the relevant authorities, with no decisions prohibiting it from dealing in dollars."
 
Despite this official denial,  a well-informed source within the bank, who declined to be named, revealed to Al-Mustaqilla on Monday that   the bank had indeed been subjected to punitive measures recently.  

He confirmed that the penalty relates to its failure to fully comply with compliance instructions for dollar transactions,  making it one of a number of banks against which similar measures have been taken. 

The source added that   the penalty was imposed a few days ago, noting that the bank is still working to resolve the related cases, in coordination with the Central Bank of Iraq and   relevant international bodies.
 
This discrepancy between the official statement and leaks from within the bank reflects a state of ambiguity regarding the  nature of the sanctions and   their impact on ongoing financial transactions,
 
particularly in light of the increasing challenges facing the Iraqi banking sector due to US restrictions on foreign transfers.
 
Observers are anticipating further clarification from the Central Bank of Iraq to resolve the controversy,
 especially with increasing reports of a list of other banks that may be subject to similar measures in the coming days.    https://mustaqila.com/مصدر-يكشف-مصرف-بغداد-لا-يزال-معاقباً-رغ/ 

The Bank Of Baghdad Denies Suspending Dollar Transfers. 

Uses Economy News – Baghdad  The Bank of Baghdad denied on Monday reports circulating about a suspension of dollar transfers,  stressing that the bank continues to provide its banking services as usual and regularly.
 
The bank clarified in a statement received by Al-Eqtisad News that all banking operations, including foreign transfers in dollars, are conducted in accordance with the controls and instructions issued by the Central Bank of Iraq and  in line with standards of financial compliance, governance, and transparency.
 
The statement added that the  Bank of Baghdad is fully committed to implementing the instructions of the Central Bank of Iraq, calling on the  media and the public to exercise accuracy and  refrain from circulating rumors or unreliable information.  https://economy-news.net/content.php?id=58343 

A Company Disguised As Advertising Carries Out Money Laundering And Dollar Smuggling Operations.
 
Economy   2025-08-04 | 1,155 views  Alsumaria News – Local  Since its establishment in 2008, an advertising company run by "J.M."  has continued to operate normally,  indifferent to the corruption it carries out, as if it were conducting legal business.
 
Reports indicate that this company,  which has its official headquarters in central Baghdad,  has been involved in  money laundering and  illegally smuggling foreign currency,  specifically US dollars, out of Iraq over the past few years.
 
This has led to official investigations being opened at multiple levels.
 
Since its founding, the company has established itself as a leader in producing promotional materials,
organizing advertising campaigns, and  purchasing advertising space in newspapers, on screens, and in the digital space.
 
The company quickly  achieved success and  secured major contracts with telecommunications companies,  private banks,  media organizations, and even   government agencies.  According to unofficial data,
 
the company's annual revenues in some years amounted to millions of dollars.
 
But what raised suspicion was the  disproportionately large scale of some of the financial transactions, along with what was described as a  "sudden and unjustified expansion" in the company's assets, including  luxury offices, new cars, and
    unclear investments in  real estate and  foreign trade.
 
According to government sources and some media leaks, the  company's general manager , "J.K.", faces serious charges of money laundering. It is believed that the company used its commercial fronts to launder funds from illicit sources, through    fake deals and  inflated or fictitious invoices.

In addition, it is suspected that the company was involved in  purchasing large quantities of dollars from the black market and   transferring them abroad via local and foreign money transfer and exchange companies,  under the cover of alleged import and marketing activities.
 
It is also suspected that the company was tampering with government contracts, as   there are suspicions of concluding fictitious advertising deals with government agencies  in exchange for  commissions and   political favors.  Informed sources reported that
 
Official reactions
 
government investigative bodies have already begun investigating the company and its director.
 
The Central Bank has also restricted the company's dealings with several local banks
     after indications emerged of illogical financial transactions in its accounts. 
 
The source confirmed that "the Anti-Money Laundering Agency is monitoring the case in coordination with international agencies to monitor foreign transfers, some of which are believed to have taken place via the UAE, Turkey, Lebanon, and Jordan."
 
No final court ruling has yet been issued against the company's director or his company, but preliminary proceedings indicate  "significant complexity in the case, especially given the potential partners abroad."
 
This issue has cast a shadow over other advertising companies in Iraq,   as regulatory authorities have begun scrutinizing the records of major companies,   examining their sources of funding, and the  mechanisms by which they contract with public and private entities.
 
There have also been calls from within Parliament for stricter laws regarding  advertising company licensing and  monitoring of their finances.
 
The case of this company, whose name will be revealed later, remains one of the most prominent cases that combine the  economy,  media, and  corruption in Iraq.
 
If the charges against its director are proven, it will set a dangerous precedent for exploiting the media as a front for   money laundering and  smuggling.
 
This case  reveals the fragility of financial oversight in some sectors and  underscores the need for a more transparent and fair system for managing the Iraqi economy,  especially in light of the challenges facing the country.   
https://www.alsumaria.tv/news/economy/535947/تقوم-بعمليات-غسيل-أموال-وتهريب-الدولار-شركة-تتخفى-بقناع-الإعلانات  

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

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

Good Afternoon Dinar Recaps,

Trump Threatens Major Tariff Hike on India Over Russian Crude Imports

U.S.-India energy tensions escalate as Trump links trade penalties to continued Russian oil purchases

Trump Ties Tariffs to Russian Crude Trade

On Monday, U.S. President Donald Trump announced plans to “substantially raise tariffs” on Indian exports, citing India’s continued import and resale of Russian crude oil. The statement, published on Truth Social, marks the first direct linkage between U.S. trade penalties and India’s energy sourcing from Russia, according to Reuters.

Trump criticized India for purchasing “massive amounts” of Russian oil and profiting from resales while remaining “indifferent to Ukrainian deaths.” While no specific tariff categories were detailed, aides cited by Fortune warned that the new trade measures would be “very large, very soon.”

India’s Deepening Energy Ties with Russia

Despite mounting U.S. scrutiny and the threat of secondary sanctions, India has maintained Russian crude imports at over 1.5 million barrels per day throughout the summer.

Trade data cited by TRT World shows India’s imports from Russia surged from $9 billion in 2021 to over $64 billion in 2024, with discounted oil making up the vast majority of that increase.

To bypass sanctions and payment restrictions, Indian refiners have:

• Used rupee-based transactions

• Relied on direct Russian tankers

• Engaged third-party trading houses

At least four Russian-flagged, sanctioned tankers are reportedly anchored off India’s western coastline, unable to unload due to legal uncertainty — reflecting the growing operational risks tied to this trade.

Delhi Silent as Washington Ramps Up Pressure

India’s Ministry of External Affairs has not responded to Trump’s comments. In previous statements, however, Indian officials have emphasized the country's need for “strategic autonomy” and energy security, defending Russian crude purchases as a cost-effective, large-volume solution.

No formal timeline for the proposed U.S. tariff increases has been announced.

Ripple Effects for Indian Refiners

Trump’s threat adds fresh uncertainty for Indian refiners, many of whom are now:

• Reevaluating payment methods

• Switching flag registries for oil tankers

• Revising ship-to-ship transfer routes

Some Russian barrels are being re-routed through intermediaries in Fujairah (UAE) and Singapore, while U.S. Treasury advisories have triggered stricter due diligence from Indian shipping agents and insurers.

Even a symbolic tariff hike could have outsized effects by chilling third-party financing, delaying cargo insurance, and tightening liquidity access for Indian energy firms operating in gray-market supply chains.

Geopolitical Implications

This latest development underscores the fragile energy-trade balance between Washington and New Delhi. As Trump’s second term advances, India’s ties with Russia could become a central flashpoint in broader geopolitical realignment — especially if U.S. tariffs begin targeting core sectors like refined fuels, pharmaceuticals, and textiles.

Analysts warn that beyond economic implications, the tariffs could complicate:

• BRICS coordination on de-dollarized oil settlement

• Global South alliances navigating post-Ukraine energy trade

• India’s future role in U.S.-led Indo-Pacific security frameworks

@ Newshounds News™
Source: OilPrice   

~~~~~~~~~

BRICS Oil Purchases from Russia Are Legal Under International Law, Says Source

Despite U.S. tariffs and threats, BRICS nations continue buying discounted Russian crude within approved price caps

Trump’s Sanctions Strategy Backfires as BRICS Defies Tariff Pressure

Since the U.S. imposed sanctions on Russia in February 2022, BRICS nations have steadily increased their purchases of Russian oil, drawing billions of dollars in energy savings. Despite U.S. attempts to isolate Moscow economically, countries like India and Brazil have intensified crude imports — even in the face of 25% tariffs and additional penalties from President Donald Trump.

India, in particular, has saved nearly $7 billion in foreign exchange costs by acquiring deeply discounted Russian crude, according to government trade data. These actions, perceived by some as defiance of U.S. policy, prompted Trump to publicly warn both India and Brazil: stop buying Russian oil or face further economic consequences.

India Responds: Oil Purchases Are Fully Legal

An unnamed source within the Reserve Bank of India (RBI) told TASS that BRICS nations are not violating international law by continuing oil trade with Russia. The official emphasized that the U.S. sanctions on Russian oil included a recommended price cap of $60 per barrel, and India has complied with this limit.

“India’s purchases of Russian oil have remained completely legal and within international norms,” the source stated. “Russian oil has never been subject to outright sanctions, nor is it currently banned by the U.S. or EU. Oil companies have consistently followed the $60 per barrel price cap recommended by the United States.”

The RBI official added that Trump’s latest tariffs contradict his own administration’s sanction framework, creating confusion among U.S. allies and trade partners alike.

Geopolitical Implications: BRICS Asserts Autonomy

India and Brazil’s continued engagement with Russian energy markets signals a broader BRICS strategy of asserting strategic autonomy. Rather than folding under pressure from Washington, these nations appear increasingly emboldened to pursue energy security on their own terms.

Analysts point out that:

• India has routed much of its Russian oil via intermediaries, using currencies such as the rupee and Chinese yuan to settle payments.

• Brazilian refineries have also increased uptake of discounted Russian barrels amid domestic fuel inflation.

• Neither country has shown signs of reducing imports despite U.S. threats of escalating tariffs.

Why Russian Oil Isn’t Technically Sanctioned

The confusion lies in how sanctions have been structured. Rather than banning Russian oil outright, the U.S. and EU agreed on a price-cap mechanism that allows purchases below $60 per barrel. This workaround was intended to:

• Limit Moscow’s revenue from oil sales

• Prevent global supply shocks

• Maintain access for developing nations to affordable energy

BRICS countries — especially India, China, Brazil, and South Africa — have used this mechanism to legally continue importing Russian crude, framing their actions as compliant with global frameworks and essential for national economic growth.

Conclusion: Tariff Escalation Likely to Face Global Pushback

While Trump’s tariffs may appeal to domestic political audiences, they risk fracturing long-standing alliances and trade relations with key BRICS economies. If the U.S. moves to punish legal oil transactions that abide by its own sanctions guidelines, it could trigger:

• Formal WTO disputes

• Retaliatory tariffs

• Stronger BRICS coordination on alternative energy payment systems

For now, BRICS officials appear resolute: buying Russian oil under the price cap is legal — and they intend to keep doing it.

@ Newshounds News™
Source: Watcher Guru   

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's News Telegram Room Link

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Thank you Dinar Recaps

White Swan Collapse Underway: Ed Dowd Warns 50% Stock Crash, Gold Reset & What’s Hidden in Fort Knox

White Swan Collapse Underway: Ed Dowd Warns 50% Stock Crash, Gold Reset & What’s Hidden in Fort Knox

Miles Franklin Metals:  8-4-2025

Michelle Makori, President & Editor-in-Chief of Miles Franklin Media, speaks with Edward Dowd, Founder of Phinance Technologies and former BlackRock portfolio manager, in one of his most urgent interviews to date.

Dowd warns that a housing-led recession is now unavoidable, with stock markets set for a 40-50% crash and banking sector consolidation paving the way for centralized control and a potential CBDC regime.

He calls the coming crisis a “White Swan” event – predictable, visible, and already in motion.

Makori challenges mainstream narratives on job data, housing supply, and the Federal Reserve’s motives.

Makori and Dowd discuss gold’s role in a monetary reset, if the U.S. is secretly accumulating gold in preparation for this and why Fort Knox may hold more gold than officially reported

Highlights:

Housing collapse already underway

Recession and volatility by fall 2025

Fed data manipulation and BLS fallout

Gold to hit $10K by 2030- conservative estimate

CBDCs and stablecoins: financial surveillance ahead?

Introduction – U.S. Economy: Surface vs. Reality

 02:56 Housing Market: The White Swan Collapse

05:48 Factors Delaying the Recession

08:46 Housing Market Indicators and Predictions

10:33 Recession and Market Pullback

14:39 Speculation on Federal Reserve Actions

29:27 Global Real Estate and Systemic Risks

 33:58 Gold's Future and Monetary Reset

 35:02 Banking Sector Predictions

38:10 Central Bank Digital Currencies (CBDCs)

 50:45 Fort Knox and U.S. Gold Reserves

 58:02 Geopolitical Risks and Gold

 01:06:39 Investment Strategies & Final Thoughts

https://www.youtube.com/watch?v=JUwF5C32XXA

Tuesday Coffee with MarkZ. 08/05/2025

Tuesday Coffee with MarkZ. 08/05/2025

 Some highlights by PDK-Not verbatim

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context.  Be sure to consult a professional for any financial decisions

Member: Good Morning and Happy Terrific Tuesday

Member: It’s past time for the PTB to say “GO”

Member: What happened to the bond contacts that were expecting payment last week?

Member: I heard some of the bond holders are taking orientation classes since last week, and some will be taking it starting today and tomorrow, how the process will be done, what to expect, NDAs etc.

MZ: I have nothing new on bonds since yesterday.

Member: Isaac ( a bond holder)  is supposed to have big meeting today?

Member: Every week going back to last year Bonds are expected to be paid by the end of the week or early next week. Wash, spin, repeat LOL

Member: Question: Why are they replacing Powel at the Fed. Reserve if the Fed Reserve is dead?

MZ: Maybe the Federal Reserve is being cleaned up and being brought directly under the US Treasury. I was told its undergoing a massive overhaul

Member: $3B to renovate the Fed?? The biggest cruise ship costs half that

Member: Things seem to be happening totally different then we expected…..as long as it still happens.

Member:  IYO Mark- Will we see the RV before Iraq elections?

MZ: I think we will see it before the Nov. elections. Sudani said we would see it this term…This term as President we would see the dinar be the father of the dollar…..and the dinar back to its former glory.

Member: Iraq's next election is November 11th 2025.

Member: We went again from this it would happen within a week to hoping it happens before the elections. Wow, just wow. This is very ridiculous. don’t know how you stay positive Mark.

MZ: I think it will happen before then.

Member: Remember the Fiscal Year for the US Corporation ends on September 30!!

Member: Lots of chatter that we have to pay taxes on RV currency.

MZ: I have shared the info from the US state Dept saying the IQD is non taxable….but, I am not a professional. Consult a professional

Member: Plan for the worst and hope for the best.

Member: Is IQD really in back screens? Or is that just more nonsense?

MZ: Lots of back and forth news from Iraq today. Ping pong news……Very indicative that they are trying to cloud the timing. I think this is purposeful and they are ready to pull the trigger.

Member: The Iraqi Ministerial Council for the Economy decided Monday to form a permanent high-level committee between Baghdad and Erbil to unify efforts and develop customs operations

Member: Frank says Iraqi banks and businesses have been notified there will be a shut down

Member: Time to start a pool for date, time and minute of the release

Member: Rumors-  last Sunday . Oil agreement finally signed between Bagdad & The Kurd region !

Member: If the market rate drops to 1,000 IQD/USD, wouldn't this be the easiest time to "drop the zeroes", effectively making the rate $1/IQD and then all they have to do is add value for assets/revs?

Member: At this point I would be happy with 1 to 1…….Just do it.

MZ: “ Trade discusses the latest development to Iraq’s ascension to the World Trade Organization with the British Embassy”

Member: Maybe we are now waiting until the Dragon family acquire s the historical gold objects.. probably next week or so ?

MZ: I don’t think so…..but they are acquiring some more today.

Member: Why have things gotten so confusing?

MZ: We were told it would be crazy confusing just before they pull the trigger….

Member: Just remember this is a once in a lifetime event…..patience is going to be required…..never thought I'd have to wait 17 yrs. tho.

Member: Patience is a virtue….We are the most virtuous people on the planet at this point…lol

Member: Everyone have a good day.

THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY

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

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

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

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

 ZESTER'S LINK TREE: https://linktr.ee/CrazyCryptonaut

THANKS FOR JOINING. HAVE A BLESSED DAY! SEE YOU ALL  TUESDAY THROUGH THURSDAY EVENINGS FOR NEWS @ 7:00 PM EST ~ UNLESS BREAKING NEWS HAPPENS!  FROM NOW ON NO MORE NIGHTLY PODCASTS ON MONDAYS AND FRIDAYS

Youtube:     https://www.youtube.com/watch?v=G6nVyREwzX0

News, Rumors and Opinions Tuesday 8-5-2025

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 Tues. 5 August 2025

Compiled Tues. 5 August 2025 12:01 am EST by Judy Byington

Global Currency Reset

Mon. 4 Aug. 2025 Wolverine: “It started today with the Bondholders. Hold on.”

Mon. 4 Aug. 2025 TNT Tony: Tony says we missed the window for today but there is another window starting at 1:00 a.m. tonight. The Venezuelan Bolivar showed up on Forex today, for the first time. The bolivar was showing at .008 with a future value of .33. The IQD is trading up and down, (as we know).

Tony received a call. Two more 3-letter confirmations re the start time tomorrow. (He already said Wealth Managers and Private Bankers have set appointments for clients to exchange tomorrow and were told what time they could set the appointments for.) The dinar is now tradeable. It is shown as a strong buy!

Tomorrow is supposed to be a great day! Some banks will start making appointments tonight. Tony says, based on that, he should get the 800 number tonight. He should get the numbers at least 2 hours before we get started. They are telling Tony they want to get through our appointments by the 10th.

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

Mon. Aug. 2025: GESARA (allegedly) activated as of Tues. 29 July 2025: …Nesara Gesara on Telegram

Recovered stolen wealth(allegedly)  exceeds $150 trillion. The Central Banks are losing money. The quantum-ledger system is operational, avoiding corruptt systems and carrying out financial justice instantly.

Protocol #1: Debts permanently(allegedly)  erased that are associated with banking, such as credit cards, loans and mortgages.

Protocol #2: The (allegedly) elimination of income taxes. No more wage theft, no more IRS raids. A flat tax of 14% on luxury goods only would take its place. Food, medicine, and housing are protected and (allegedly) exempt from taxes.

Protocol #3: The IRS is (allegedly) closed. Instead of being corporate fiat enforcers, its agents were reassigned to oversee equitable taxation under Treasury authority.

Protocol #4: The Federal Reserve is (allegedly) being dismantled. It no longer has a monopoly on creating money. It was(allegedly)  replaced by Rainbow Currency, which is backed by gold, silver, and platinum and is impervious to printing theft and manipulation.

Protocol #9: Restoring financial privacy. No more spying, no more tracking. Foreign banks and rogue agencies cannot (allegedly) access Treasury-issued accounts under QFS.

Protocol #11: Funding for humanitarian relief is (allegedly) being used. Global initiatives will be driven by citizens rather than NGOs. Real wealth and infrastructure are being used to address issues like food insecurity, homelessness, and the collapse of education.

Protocol #12: ZIM and other sovereign bonds are (allegedly) honored. Parts for rebuilding the world, parts for personal use.

Read full post here:  https://dinarchronicles.com/2025/08/05/restored-republic-via-a-gcr-update-as-of-august-5-2025/

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

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

Frank26   Question:  "Will tax be more on smaller amounts or bigger amounts?"  It's not based on the amount that you have.  It's based on your receipt and how long you have held your dinars...Do you have your receipt?  'No, I lost it.'  You're probably going to be in the 40% tax range. Do you have your receipt?  'Yes.'  Have you held for more than a year?  'No. 6 months.'  You'll probably in in the 40%...Have receipt? 'Yes.' Held longer than 1 year?  'Yes.'  You'll probably be in the 20%.  [Dinar Guru Note:  Some gurus feel the dinar will be taxed as capital gains as above.  Other gurus feel, ordinary income.  Ultimately, only the IRS' opinion matters.  At the appropriate time consult your tax experts to determine the right tax for your unique circumstances.]

Militia Man  Article:  "The mechanism for selling dollars through the official platform has contributed to controlling currency prices."  The new mechanism has been a challenge for Iraq to wean itself off the dollar auction and for the Central Bank of Iraq to detach from that process and get back to doing what a Central Banks is designed to do. That is be a bank for banks and not the general public that has been the case for over 20 years.  The process to get banks...off the dollar auction bottle...has not been easy and many banks have yet to cut the cord. Those that haven't done so are likely already starting to feel the pain.

IQD Rate Slightly Up Gold Expected to Increase Currency Expectations

Edu Matrix:  8-5-2025

The U.S. dollar is under pressure—and that means big opportunities for savvy investors. In this short update, we break down which currencies are expected to rise in the coming weeks, from the euro and pound to emerging-market favorites like the Brazilian real and Indian rupee.  

Plus, discover why gold could surge toward $3,500/oz, and what’s driving global shifts in forex and commodities.

 Whether you're trading, investing, or just curious about global markets, this video simplifies the latest currency and gold trends so anyone can understand.

https://www.youtube.com/watch?v=OxXH0yALLoA

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   

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's News Telegram Room Link

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Thank you Dinar Recaps

“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""