FRANK26….10-10-25……WF BANK STORY
KTFA
Friday Night Video
FRANK26….10-10-25……WF BANK STORY
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#
KTFA
Friday Night Video
FRANK26….10-10-25……WF BANK STORY
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#
DRP to Create 16 Million New Jobs in Iraq
DRP to Create 16 Million New Jobs in Iraq
Edu Matrix: 10-10-2025
Iraq stands on the cusp of a monumental transformation. A recent insightful video from Sandy Ingram of Edu Matrix shed light on one of the most ambitious infrastructure initiatives in the country’s recent history: the Development Road Project (DRP).
More than just a transportation route, the DRP is poised to fundamentally reshape Iraq’s economic landscape over the next three decades, promising a future of unprecedented growth and global integration.
This holistic approach underscores the DRP’s ambition: to create not just a path for goods, but a vibrant ecosystem for commerce, innovation, and urban development.
DRP to Create 16 Million New Jobs in Iraq
Edu Matrix: 10-10-2025
Iraq stands on the cusp of a monumental transformation. A recent insightful video from Sandy Ingram of Edu Matrix shed light on one of the most ambitious infrastructure initiatives in the country’s recent history: the Development Road Project (DRP).
More than just a transportation route, the DRP is poised to fundamentally reshape Iraq’s economic landscape over the next three decades, promising a future of unprecedented growth and global integration.
This holistic approach underscores the DRP’s ambition: to create not just a path for goods, but a vibrant ecosystem for commerce, innovation, and urban development.
Crucially, all technical and economic studies for the Development Road Project are now complete, marking a significant transition from planning to the execution phase. The next critical step involves an international ministerial meeting, where Iraq will present its findings and actively seek to attract global partner countries and investment.
Following this formal approval, Iraq plans to launch a worldwide campaign to draw in investors. Interest is already keen, with the European Union and neighboring countries expressing significant enthusiasm for participating in this transformative venture.
The operational launch of the DRP is strategically tied to the completion of the Grand Fault Port, which is set to become a key logistical hub, further enhancing Iraq’s role in regional and international trade.
While official plans regarding adjustments to the Iraqi dinar (IQD) remain speculative, the project’s success is widely anticipated to catalyze significant economic revitalization. The expected reduction in unemployment and robust GDP growth resulting from the DRP’s success strongly suggest that fundamental economic improvements could lead to substantial changes in currency valuation over time.
The Development Road Project is more than just infrastructure; it signifies Iraq’s bold and unequivocal move towards deeper global economic integration and a future defined by long-term prosperity. It’s a testament to the nation’s renewed ambition and its commitment to building a resilient, diversified economy.
For a deeper dive into this transformative initiative and its profound implications, be sure to watch the full video from Edu Matrix. The journey to a new economic era for Iraq has officially begun.
Why Is the Key Player in GENIUS Act & Stablecoins Buying Gold? The Tether No One Is Talking About
Why Is the Key Player in GENIUS Act & Stablecoins Buying Gold? The Tether No One Is Talking About
Miles Franklin Media: 10-10-2025
Michelle Makori, President & Editor-in-Chief of Miles Franklin Media, dives into the growing intersection between gold, Treasuries, and digital money.
And what it could mean for America’s massive debt.
As Washington tries to tie stablecoins to the U.S. Treasuries through the new GENIUS Act, a major shift is unfolding. Key players in the digital asset space are expanding into physical gold, blurring the line between old and new forms of money.
Why Is the Key Player in GENIUS Act & Stablecoins Buying Gold? The Tether No One Is Talking About
Miles Franklin Media: 10-10-2025
Michelle Makori, President & Editor-in-Chief of Miles Franklin Media, dives into the growing intersection between gold, Treasuries, and digital money.
And what it could mean for America’s massive debt.
As Washington tries to tie stablecoins to the U.S. Treasuries through the new GENIUS Act, a major shift is unfolding. Key players in the digital asset space are expanding into physical gold, blurring the line between old and new forms of money.
Could this convergence of digital dollars and real gold signal a quiet restructuring of how the U.S. manages its debt? Michelle breaks down the connections between stablecoins, Treasuries, and gold – and what they reveal about the potential for a U.S. debt reset.
Key Takeaways
Tether’s massive gold bet and why it matters
How stablecoins are being tied to U.S. Treasuries under the GENIUS Act
Why “digital dollars backed by real gold” could reshape monetary policy
The growing gold positions of major players in the digital asset market
How this structure echoes past U.S. debt resets in 1933 and 1971
Why “Bitcoin, Gold & Land” may be the ultimate hedges against darker times
00:00 Introduction: Tether's Gold Ambitions
01:49 Tether's Gold & Bitcoin Holdings
02:23 The Genius Act & Stablecoins
03:15 Regulations & Oversight
06:04 Global Reactions & Accusations
07:31 Historical Context & Gold Revaluation
10:16 Conclusion: The Real Story
Bruce’s Big Call Dinar Intel Thursday Night 10-9-25
Bruce’s Big Call Dinar Intel Thursday Night 10-9-25
Transcribed By WiserNow Emailed To Recaps (INTEL ONLY)
Welcome everybody to the big call tonight. It is Thursday, October 9th and you're listening to the big call. Had to check my internal calendar. And thanks for listening. Everybody again, all over the globe. Thanks to the Starlink satellite systems, our SAT team that gets the call all over the place. And thank you, everybody for tuning in. And we know you as the big call universe, as we know, the call is getting out there.
Thank you, Bob, that was a great discussion. And let's get into some intel for a little while because I don't have too much, I don't think, but you know how I can talk. So let's get right to it.
Bruce’s Big Call Dinar Intel Thursday Night 10-9-25
Transcribed By WiserNow Emailed To Recaps (INTEL ONLY)
Welcome everybody to the big call tonight. It is Thursday, October 9th and you're listening to the big call. Had to check my internal calendar. And thanks for listening. Everybody again, all over the globe. Thanks to the Starlink satellite systems, our SAT team that gets the call all over the place. And thank you, everybody for tuning in. And we know you as the big call universe, as we know, the call is getting out there.
Thank you, Bob, that was a great discussion. And let's get into some intel for a little while because I don't have too much, I don't think, but you know how I can talk. So let's get right to it.
So obviously, there is something to be said about this peace plan with Hamas and Israel. Finally, you know, its happening and they release the hostages Monday, hopefully all Monday, but could be intoTuesday -- to see is significant for us. We need to have thathappen.
My understanding is we're also going to have the peace process between Russia and the Ukraine over the weekend that may follow, but we think it may be going over the weekend. We'll get some good news about that.
It could also be a Monday, Tuesday event - Getting this peace process underway is really kind of where we need to be
Now -- What about the timing for us to get our notifications?? All week I have heard it would be over the weekend, and then today, we heard it would be more like anytime from the weekend through Tuesday.
Well, guess what? We have another three day weekend this weekend, with Monday being Columbus Day, and the banks are closed the Federal holiday.
So what's going to happen on Monday? Well, in talking with our redemption center leaders, they are on call on Monday. That means they will not go in unless they're called to come in on Monday, and I think that is going to be dependent on whether or not that we get the numbers prior to Monday, because think about it, if redemption center people, staff are on call, they're not going in on Monday, -- unless something changes,
They're taken off call and put on duty, right Well, right now they're on call. Now as far as, as far as Tuesday is concerned, I think it looks good for us to at least get notified by Tuesday, and I don't know that we won't start exchanges as early as Tuesday.
So exchanges, I think, would be starting Tyuesday or Wednesday -- if all they do is take appointments on Tuesday - remember, you need not only redemption centers be open for the appointment setting process, but you need the call centers to be open. And the call centers where we use our 800 number to get into -- where they processes and send the redemption center that's closest to our zip code that we give them.
So it's call centers and redemption centers finishing the process, because we get linked directly. And I mean, we get connected to the redemption center by the phone call, either direct connection or another number to call to get to get to that redemption center to finish our appointment. I think most of the connectivity will be a direct connection.
So we get that happening where you're talking to an individual, a person, a live human who is going to be helping us with the exchange, very likely that the person you talk to when you're setting your appointment, and you get connected over to the redemption center, but that person will be working with you in some way at the redemption center, so you want to make that connection and look forward to that. That's cool. All right, so that's the timing of what we're doing. What about in the meantime?
What about, like Bob said, in the meantime. In the meantime, we heard that the restitution and reclamation allowance or four different Rs, and I've intermingled them all. I'm just calling it R & R - This is the money we're getting back from taxes we paid in birth certificate that was traded on us, death certificate if it applies on a spouse, marriage license and divorce decree, those four things were traded as instruments like bonds on us and we're going to be paid for the money that was earned on the trades you get that you get, the taxes, you get, the credit card interest, the mortgage interest, bank loan interest, car loan interest, all of that stuff adds up over a lifetime, and you're going to get that back in the form of R and R.
Now remember, we talked about the R, and R was going to be at the redemption center for us in our quantum accounts. Well, guess what? Just when we get used to that, they might change that they are going to add the what's happening here, the the - hey, we've got money coming from the tariffs that's separate, and we've got the R and R money and the DOGE money. Where do we get the DOGE money?
Remember when Elon Musk and his team going after waste, fraud and abuse in our government, and he was finding all that, and he was actually paying trillions here and billions there and all that.
Well, that DOGE money that we're expecting is going to be added to the R and R money. So the DOGE plus the R and R is a new lump sum that will be a little bit higher it was. It's just R and R.
Now we're going to be getting that in two possible ways, either a direct deposit, which I believe is what they're going to do for not only for everybody that has a bank account, they'll get it directly in their account.
So those people on social security that are getting it from the age of 62 on up, depending on when you got in 62 your social security people should get it in your Social Security bank account. And I'm hoping that's how it comes to me, and they don't get it in my quantum account, because we're gonna have plenty money in the quantum account from the currency exchanges and the redemption of zim, right? And that's in that would be in the well Fargo account.
I want this for me, speaking about me, I want this to come into my other bank account where I get my Social Security. Okay, so I don't know, all right, so that is a new thing that we got today about the combination of those two things.
Now there's one other income stream for us that is going to be the tariff dividends.
What about tariff dividends?
The tariff dividends are coming out at the amount and President Trump mentioned this on press conference. I thought it was yesterday. Could have been the day before.
Going to be $2,000 per person age 30 and over. That is a qualified American citizen.
I don't know how that's going to affect bona fide green card holders. I don't know. I can't speak to that, but if you're a bona fide American citizen, you will get $2,000 what's the timing on this? And what's the timing on the DOGE and the RR?
It's the same timing starting the night of October 15, which is Wednesday this coming Wednesday - Thursday or Friday. Wednesday night, 15/16, or 17. We might stretch it to the 18th, which is Saturday, but I'm hearing that 15, 16/17, is when those payments are to be applied to us, $2,000 it's not supposed to be a one time thing. I believe it could go six months. It could go every other month for the period, for a period of a year. So it would skip a month and so on.
I don't know how long the tariff aspect is going to last - A lot of people will be getting money right after we start our exchanges. Because I believe we get notified Monday night, Tuesday. Maybe it looks more to me, I could be anywhere from Saturday to Tuesday, but you know, if it is Tuesday, we could get started on exchange Tuesday or Wednesday - and the money coming out to everybody else, it's not involved in the currency could start Wednesday night, the 15th, we see almost concurrent - almost it could be a half a day to a day away us being going for our exchanges and the people receiving the money in their bank accounts. So that, quote, unquote, everybody is getting paid at about the same time.
It doesn't seem so strange. That all of a sudden, these, these millionaire, billionaire - trillionaires and everybody else is poor. Everybody else is going to be getting money too, if they're 30 and older, 30 and older. So the R and R is going to be combined with DOGE from our treasury sources, and the we call the tariff dividends are going to be $2,000 a person, and it could be every month for six months, we'll see how they do it. I don't know exactly.
They're not even sure how they're going to do it. As of today, at least we didn't have it definitive. And of course, being Thursday, I'll get more information tomorrow, Saturday and Sunday and we're gonna be watching for these. We're gonna be watching for our bank accounts and our emails with the 800 number.
Of course, once we get the 800 number, I'll put it out on the website with Bob's help, and we'll also send out email emails to everybody, so they'll have it in case Wells doesn’t have your email, and we do, for example, if we do great, they may or may not have your latest email that's accurate.
So we are looking for those to happen, and it's going to be so strange, because all of this is happening, and we expect Social Security increases in the month of October, still, even if you've already got Social Security, yesterday on the eighth was Wednesday, the first of the month was Wednesday.
I don't think increase in those two two days, but the 15th is the next and the 22nd is the last. But they have, there is more time to do an additional payment to Social Security recipients that reflect the increased amount.
Okay, so that's another thing that's out there. Another thing that should happen this month.
They're saying absolutely that it will. So I'm gonna go with them and say, Okay, let's get it. Let's receive it.
So I like the fact that DOGE and R and R being combined, and that, I hope it comes as direct deposit in our current bank accounts. And look, if you have a bank account aside your social security number, you will get it that way. Okay, so we'll see how they actually come up with that and do that
That's the best way to keep it in there and keep it as safe as we can keep it. They may take it to us that are exchanging. They may put us put it in our quantum accounts. That's all right. If it's in there, exchange, we activate our quantum account, can we see that it's there? Fine, okay, I just think I'd rather have it in the Social Security account – you guys may have a different opinion - I'm trying to diversify by doing it that way, between my other bank and and with Wells.
But anyway, that's where I really wanted to say to you guys tonight, I can't think of anything else that is prescient or important for us, other than what we said, always keep President Trump and his family
And our not only him, but don't forget our cabinets, the cabinet members, very important. Pam Bondi, our Attorney General. I mean, all of these people are getting things done. It's amazing what they're getting on to you guys.
And this is just the beginning. We're going to go farther and further with this, with this program. So I'm excited, as you could tell, tonight, very excited. We got good information, and we will plan to have a call Tuesday. I don't know where we'll be in the process.
By then, we might already be. exchanging on Tuesday, but we have a big call and let everybody know what's going on.
All right, so let's pray the call out first. Thank you Sue, great teaching tonight. Good time. Thank you, Bob, really good message and good stuff from course. And then thank GCK, Pastor Scott Larry and thank you for call out all over the globe. Thank you big call universe for listening for the last 14 years. Thank you very much.
Everybody. Take care. Let's pray the call out, All right, everybody. Good night. God. Bless you. We will see you. Have a great weekend and keep an eye on your emails.
Bruce’s Big Call Dinar Intel Thursday Night 10-9-25 REPLAY LINK Intel Begins 1:25:05
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Iraq Economic News and Points To Ponder Friday Afternoon 10-10-25
Oliver Wyman Reviews Criteria For Iraq’s Digital Banks
Iraq Amr Salem October 9, 2025 650 Baghdad (IraqiNews.com) – The Governor of the Central Bank of Iraq (CBI), Ali al-Alaq, revealed on Thursday that Oliver Wyman is reviewing the criteria set by the CBI to issue licenses for digital banks in the country.
In a statement to the Iraqi News Agency (INA), al-Alaq indicated that the leading international management consulting firm will provide the CBI with a final report within the next few days.
Oliver Wyman Reviews Criteria For Iraq’s Digital Banks
Iraq Amr Salem October 9, 2025 650 Baghdad (IraqiNews.com) – The Governor of the Central Bank of Iraq (CBI), Ali al-Alaq, revealed on Thursday that Oliver Wyman is reviewing the criteria set by the CBI to issue licenses for digital banks in the country.
In a statement to the Iraqi News Agency (INA), al-Alaq indicated that the leading international management consulting firm will provide the CBI with a final report within the next few days.
An aerial view of the new headquarters of the Central Bank of Iraq (CBI). Photo: Zaha Hadid Architects
The CBI has received approximately 80 applications to create digital banks in the country, according to al-Alaq.
Licenses can only be awarded following a set of criteria based on market research, the nature of the business, and other countries’ experiences, where the number of digital banks is often limited to three or four.
Officials from the CBI and representatives from Oliver Wyman discussed in August a banking reform proposal offered by the Iraqi Private Banks League (IPBL) to modernize Iraq’s banking industry and align operations with worldwide practices.
The strategy intends to stabilize the banking sector so that it can function securely and effectively in accordance with international norms and standards, as well as local legislation, while also strengthening governance, compliance, and risk management.
The strategy also allows banks to perform an economic role that promotes growth while providing the most effective services possible. The CBI noted that adopting the strategy will boost local and international trust in Iraq’s banking industry.
Iraq’s Central Bank revealed last month that it reached an agreement with Oliver Wyman to perform a thorough analysis of the conditions under which Iraqi banks are prohibited from conducting transactions in US dollars.
The two sides discussed the usage of electronic payment cards andstrategies to encourage and manage their usein keeping with Iraq’s shift toward electronic payments.
The CBI stated that Oliver Wyman will focus on improving bank procedures to align with international standards.
Additionally, they will create effective strategies for reintegrating Iraqi banks that have been barred from conducting US dollar transactions back into the banking sector,both domestically and internationally.
https://www.iraqinews.com/iraq/oliver-wyman-reviews-criteria-for-iraqs-digital-banks/
The Central Bank Discusses With The German Commerzbank Ways To Enhance Banking Cooperation.
October 09, 2025 His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq,received in Baghdad Mr. Michael German,Representative of the Institutional Clients and International Transaction Banking Sectorat Commerzbank AG, to discuss ways to enhance cooperation between the two sides.
The meeting discussed prospects for developing banking relations with Iraqi banks operating in the local market, which would contribute to supporting economic activity and strengthening financial ties between Iraq and Germany.
The importance of exchanging technical expertise and developing cooperation mechanisms in the areas of trade finance, international payments management, and banking correspondence was emphasized, thus enhancing the efficiency of the Iraqi financial system and its connection to the European banking sector.
The two parties expressed their commitment to continuing coordination and joint consultation to support Iraq's global financial standing and develop its foreign banking relations in accordance with the highest approved standards.
Central Bank of Iraq Media Office October 9, 2025 https://cbi.iq/news/view/3008
Combating Financial Fraud Enhances Confidence In The Banking Sector
Due to the successes achieved by the government and the Central Bank during the years (2023-2025) in expanding the field of digital transformation, activating electronic payment, and spreading the culture of using electronic cards among citizens.
The Central Bank and banks have begun receiving complaints of electronic financial fraud involving the exploitation of the accounts of retirees and various segments of society, particularly this year. Several cases of electronic financial fraud have been identified, including the withdrawal of deposits and salaries from employees' and bank customers' accounts using various fraudulent methods, which constitute financial crimes punishable by the Iraqi judiciary.
In addition to the entry and exit of funds through unofficial border crossings, which are exploited for currency counterfeiting and money laundering, the Central Bank has announced the creation of a complaints platform and is urging banks to launch a broad media and advertising campaign to warn citizens of the dangers of engaging in these illegal activities and their potential to harm the national economy.
Government agencies, the judiciary, and oversight bodies in Iraq have amended their applicable laws, issued new instructions and proactive controls, and developed procedural and electronic means to combat these crimes and protect their funds and the national economy.
Iraq, like other countries, has activated its economic and legislative apparatus and institutions to combat these crimes. It issued Anti-Money Laundering Law No. 39 of 2015, which included 12 chapters and articles that defined the crimes covered by the law and the penalties for each financial crime. It also adheres to international standards that limit money laundering issued by the FATF, in addition to the crimes of counterfeiting, forgery and fraud stipulated in the Iraqi Penal Code and the instructions issued by the financial and monetary authorities, represented by the Central Bank of Iraq and the Ministry of Finance, to combat these crimes with the aim of preserving Iraq’s funds, especially its foreign currency, due to the impact of these crimes on the national economy and the creation of stifling economic and financial crises, which reflects on sustainable development.
The serious matter that contributes to the spread of this phenomenon is the weak compliance of financial and banking institutions with international compliance rules and standards, which means they are exposed to financial risks of all kinds, the most important of which are reputational risks, which directly affect Iraq’s international economic, financial and banking transactions, which affect Iraq’s external economic relations with countries around the world, especially the financial and banking transactions of Arab and foreign correspondent banks.
However, laws alone and internal judicial procedures cannot combat these financial crimes, which requires the development of local and international proactive electronic oversight methods by adopting mechanisms and policies regulated by international agreements for cooperation in reducing financial crimes related to money laundering, terrorist financing and electronic financial crimes related to electronic payment operations. https://economy-news.net/content.php?id=60929
For current and reliable Iraqi news please visit: https://www.bondladyscorner.com
Seeds of Wisdom RV and Economics Updates Friday Afternoon 10-10-25
Good Afternoon Dinar Recaps,
U.S. Backs Argentina with $20B Peso Swap Amid Crisis
Washington steps in with pesos and a swap line — shifting from geopolitics to banking leverage.
Good Afternoon Dinar Recaps,
U.S. Backs Argentina with $20B Peso Swap Amid Crisis
Washington steps in with pesos and a swap line — shifting from geopolitics to banking leverage.
What Happened
The U.S. purchased Argentine pesos and finalized a $20 billion currency swap framework with Argentina’s central bank, according to statements by U.S. Treasury Secretary Scott Bessent.
Bessent said the move responds to “acute illiquidity” in Argentina and framed the U.S. as uniquely able to act swiftly.
The timing coincides with a sharp peso devaluation (~6% drop), dwindling foreign reserves, and political strain ahead of Argentina’s October midterm elections.
Why It Matters
Hard intervention via currency plumbing — instead of just sanctions or debt relief, the U.S. is directly influencing Argentina’s forex and liquidity.
Political optics & alignment — Argentina’s President Milei is a pro-Trump ally. This swap underscores U.S. influence in regional politics and economics.
Credit risk & legitimacy — Some U.S. lawmakers have called this a hidden “bailout,” citing inconsistency with “America First” rhetoric.
How This Ties to Global Reform Narratives
When a superpower steps into another nation’s currency markets, it shows how monetary sovereignty is porous under global pressure.
Deals like this strengthen the argument for parallel financial infrastructure: nations that fear external intervention may prefer local rails, gold, or crypto hedges.
In a multipolar world, capital flows are another front for influence — not only military or trade sanctions.
Why This Matters / Key Takeaway
The U.S. swap with Argentina is more than financial rescue — it’s a projection of influence through currency leverage.
This reinforces how financial tools are being weaponized in the new world order — the kind of shift that signals more than just a bailout.
This is not just politics — it’s global finance restructuring before our eyes.
@ Newshounds News™ Exclusive
Sources:
• Al Jazeera – U.S. buys Argentinian pesos, finalises $20bn currency swap, says U.S. Treasury Al Jazeera
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Coinbase & Mastercard Vie for BVNK — A $2B Stablecoin Power Move
Traditional finance and crypto giants race to control the backbone of tomorrow’s payments rails.
What’s Playing Out
Coinbase and Mastercard are in advanced talks to acquire BVNK, a London-based stablecoin infrastructure firm. The potential price tag? $1.5 to $2.5 billion.
While nothing is finalized, sources suggest Coinbase currently leads the bidding.
BVNK builds enterprise-grade stablecoin payment systems, reportedly processing over $20 billion annually and serving clients like Worldpay, Flywire, and dLocal.
Why It Could Be a Game Changer
If completed, this deal would become the largest acquisition in stablecoin history, overtaking Stripe’s $1.1B purchase of Bridge in 2024.
It signals how deeply traditional finance (Mastercard) and crypto infrastructure (Coinbase) see stablecoins as central to future payment systems.
This move is likely influenced by recent regulation shifts—e.g. the GENIUS Act in the U.S. pushing stablecoin clarity and adoption.
Challenges & Tensions Ahead
Regulatory uncertainty still looms large—will stablecoins face harsher oversight, reserve requirements, or restrictions?
Integration & scaling risks: BVNK’s tech must mesh seamlessly with legacy banking systems and comply with cross-border rules.
Valuation risk: Betting $2B on a payments infrastructure firm could backfire if adoption, security, or interoperability falters.
Conflict of control: If Mastercard wins, it could tilt stablecoin rails toward traditional finance dominance; if Coinbase wins, crypto infrastructure holds more influence.
How This Ties into Global Restructuring
Control over stablecoin rails = control over capital flows. Whoever owns the infrastructure captures downstream influence over payments, data, and settlement.
This race reflects the broader shift toward hybrid monetary systems, where stablecoins, CBDCs, and fiat coexist and compete.
As nations push de-dollarization, having dominant stablecoin infrastructure offers a lever to shape alternative (non-USD) economic corridors.
Why This Matters / Key Takeaway
This isn’t just a big acquisition fight—it’s a battle for the plumbing of future money.
Whoever wins BVNK gains a strategic node in the next global payments regime.
In a world where financial sovereignty matters more than ever, the stakes of this race go beyond profit—they tie into who defines the next monetary order.
This is not just politics — it’s global finance restructuring before our eyes.
@ Newshounds News™ Exclusive
Sources & Further Reading
• Coinbase and Mastercard in $2 billion bidding race for stablecoin firm BVNK — TradingView TradingView
• Coinbase and Mastercard held talks to acquire BVNK — CoinDesk CoinDesk
• Coinbase, Mastercard compete to acquire stablecoin firm BVNK — FXStreet FXStreet
• The stablecoin discount & hybrid monetary ecosystems (papers on stablecoin-finance relations) arXiv
~~~~~~~~~
Trump Passed Over: Why the 2025 Nobel Went to Machado Instead
He claimed to stop wars — but the Nobel Committee backed a fighter for democracy in Venezuela.
What the Nobel Committee Actually Recognized
2025 Nobel Peace Prize awarded to María Corina Machado for her “tireless work promoting democratic rights” and “struggle to achieve a just and peaceful transition from dictatorship to democracy.”
Machado has been a central figure in Venezuela’s opposition — despite being banned from holding office, living in hiding, and seeing many of her allies arrested.
In contrast, although Trump has publicly campaigned for the prize — citing ceasefires and peace deals — his record is contested.
Trump’s Peace Claims Under Scrutiny
Trump repeatedly says he “stopped six or seven wars” in his presidency, citing conflicts like India/Pakistan, Congo/Rwanda, Cambodia/Thailand, and Israel/Iran.
Experts and fact-checkers point out that many of his cited "wars" were ceasefires, diplomatic mediations, or claims with limited verification — not full, lasting conflict resolution.
The Nobel Committee tends to favor long-term impact, human rights, and the reinforcement of peace over episodic or politically timed interventions.
Why Machado’s Selection Speaks to Deeper Shifts
Democracy as Peacework: Awarding the prize to a democracy advocate under authoritarian duress signals that political freedom is now a central criterion for global peace legitimacy.
Undermining the Old Narrative: Trump’s framing treats peace as a prize for dealmaking; Machado’s framing treats peace as a struggle embedded in sovereignty.
Message to Global Order: In a time when financial and institutional systems are fracturing, honoring someone rooted in resistance suggests prestige is shifting toward those who build from the ground up.
The Bigger Implication — Who Sets the Story of Peace?
If peace is defined by treaties and accords, Trump’s narrative fits.
If peace is defined by resilience, justice, and transformation, Machado’s narrative holds deeper weight.
The Nobel decision may reflect a transition: from honoring political actors of scale to honoring agents of structural change.
Why This Matters / Key Takeaway
Trump may claim to have ended wars, but the Nobel honors those whose peace work withstands time, repression, and systemic pressure.
Choosing Machado over Trump is more than a prize decision — it signals a shift in how the world measures peace and power in an era of realignment.
This is not just politics — it’s global finance restructuring before our eyes.
@ Newshounds News™ Exclusive
Sources:
• NobelPrize.org – 2025 Nobel Peace Prize press release NobelPrize.org
• Reuters – Machado wins Nobel Peace Prize Reuters
• CBS News – Nobel Peace Prize awarded to Machado CBS News
• Washington Post – Nobel and Trump position The Washington Post
• FactCheck.org – Trump’s war-stopping claims analysis FactCheck.org
• The Independent – Expert views on Trump’s Nobel campaign The Independent
• The Guardian – coverage of Machado’s selection The Guardian
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News, Rumors and Opinions Friday 10-10-2025
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 Fri. 9 Oct. 2025
Compiled Fri. 9 Oct. 2025 12:01 am EST by Judy Byington
Summary:
Reports from sources like Judy Byington, compiled this morning, paint a vivid picture of a world in the midst of a profound Global Currency Reset (GCR) and the activation of the Quantum Financial System (QFS) – a move poised to dismantle old power structures and usher in an era of unprecedented prosperity and freedom.
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 Fri. 9 Oct. 2025
Compiled Fri. 9 Oct. 2025 12:01 am EST by Judy Byington
Summary:
Reports from sources like Judy Byington, compiled this morning, paint a vivid picture of a world in the midst of a profound Global Currency Reset (GCR) and the activation of the Quantum Financial System (QFS) – a move poised to dismantle old power structures and usher in an era of unprecedented prosperity and freedom.
The journey, according to these updates, kicked off with a bang on Wednesday, October 1st, 2025. On this pivotal day, President Trump reportedly (allegedly) gave the “green light” for the GCR, aiming to reclaim wealth from global elites and return it to the people.
Simultaneously, the much-talked-about NESARA/GESARA 30+1 Protocols were said to be (allegedly) released. Imagine: debt erased, the IRS smashed, the Federal Reserve dismantled, and globalist control ripped out by the roots. That same day, a government shutdown began, reportedly a permanent one for many offices, clearing the way for the new.
Fast forward to Saturday, October 4th, 2025, and we saw another significant stride: Iraq’s prime minister declared a seven-day national holiday following the Iraqi Central Bank’s (allegedly) successful connection to the Quantum Financial System. A clear signal that the QFS is not just theoretical, but functionally rolling out across the globe.
And then, there’s today, Thursday, October 9th, 2025. This is where things get intensely personal for many.
Reports indicate that some within Tier4b – often referred to as “us, the Internet Group” – have begun to (allegedly) receive notifications to set appointments at dedicated Redemption Centers. This is the moment many have prepared for, an opportunity to exchange foreign currencies and bonds at potentially higher, revalued rates. These exchanges are expected to continue for the next 15 days.
The excitement is palpable as currency revaluations burst into the spotlight:
Iraqi Dinar: Reports from Thursday, October 9th, suggest the Dinar (allegedly) revalued at an international exchange rate of $6.02, with some earlier indications of rates between $4.12 to $7.45 at Exchange Centers.
Vietnam Dong: The Dong also saw its RV rate officially(allegedly) revealed today, potentially ranging from $3.65 to $4.25, with earlier estimates between $2.86 to $5.79.
These currencies, along with others, reportedly went live on Forex in the early hours of Thursday, October 9th, marking a tangible shift in the global financial landscape.
Banks like Chase are even(allegedly) confirming moves on these currencies, indicating the mainstream financial world is beginning to acknowledge this unprecedented change.
The coming days promise even more dramatic shifts.
According to Judy Byington, when the Emergency Broadcast System (EBS) sounds with “Seven Trumpets,” we can expect crucial messages via the new Starlink Satellite System.
These messages will(allegedly) guide us toward Redemption Center appointments. For those without foreign currency, these appointments will facilitate banking, access to rumored med bed treatments, and voting through personal cell phones linked to Starlink. For currency and bond holders, it’s the gateway to your exchange.
This isn’t just about money. It’s about a complete societal overhaul: debt erased, fraudulent banking dismantled, and a (allegedly) return to a system truly “people-owned.”
The most striking aspect of this transformation is its quiet, almost covert nature. “There were no fireworks when the Quantum Financial System started. It took off perfectly,” notes one update. While the prepared “felt it in their bones,” the “parasites didn’t see it coming.”
During the ongoing government shutdown, federal payment systems have been (allegedly) rerouted, civilian banking networks monitored, and Treasury teams are meticulously(allegedly) verifying gold reserves.
The Federal Reserve Headquarters, while lit at night, is reportedly manned by military personnel, its internal servers being mirrored into the Quantum mainframe. This “shutdown was never a breakdown. It was preparation for transition.”
The message is clear and urgent: “The gate won’t stay open forever.” We are in Phase Three, the activation wave. While you’re still early if you’re reading this, that window is rapidly shrinking.
This is the moment to act, to prepare, and to align with the future that is rightfully yours. Don’t wait for external validation; trust the knowing in your heart.
Prepare, for we are just (allegedly) hours away from a revolutionary change in global finance! The world stands one signal away from the reset.
Read full post here: https://dinarchronicles.com/2025/10/10/restored-republic-via-a-gcr-update-as-of-october-10-2025/
Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 IMO inside of an extended period more than 7 [days] is a set time frame for the budget to expose 12-2c, which is a different exchange rate from 1310 based on the flow of the oil. All of this is the definition of the implementation of the monetary reform of Iraq.
Walkingstick As we approach the end, there will be massive confusion. The CBI along with the GOI will throw out a lot of shaft. That's what a jet fighter throws out when a missile is trying to bring down the airplane. IMO all of the rumors...spreading like wildfire in the streets of Iraq is actually from Sudani and Alaq. They want to bring down the speculation. They want to turn the speculators in another direction while they talk to you citizens direct straight into your face without lying...
Sandy Ingram The DRP (Development Road Project) is set to create 1.6 million jobs in Iraq...and as much as $150 billion in investment will be experienced in the next 30 years...The DRP will be a strategic corridor and will combine railways, highways, pipelines...electricity line, internet bandwidth and entirely new economic cities...The project is entering its execution phase...Iraq plans to launch a major global campaign to attract investors...[We're] hoping Iraq will feel the need to adjust its currency to attract more investors...We are not sure what Iraq is thinking. But what we do know is interest is growing...
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David Morgan: Gold & Silver Rally Has Pulled In Mainstream Investors
Arcadia Economics: 10-10-2025
After an historic week in the precious metals markets, David Morgan talks about how the mainstream is piling in. To find out more, click to watch the video now!
“Tidbits From TNT” Friday 10-10-2025
TNT:
Tishwash: US Senate unanimously endorses repeal of 2002 Iraq war resolution
WASHINGTON (AP) — More than two decades later, Congress is on the verge of writing a closing chapter to the war in Iraq.
More than two decades later, Congress is on the verge of writing a closing chapter to the war in Iraq.
The Senate voted Thursday to repeal the resolution that authorized the 2003 U.S. invasion, following a House vote last month that would return the basic war power to Congress.
TNT:
Tishwash: US Senate unanimously endorses repeal of 2002 Iraq war resolution
WASHINGTON (AP) — More than two decades later, Congress is on the verge of writing a closing chapter to the war in Iraq.
More than two decades later, Congress is on the verge of writing a closing chapter to the war in Iraq.
The Senate voted Thursday to repeal the resolution that authorized the 2003 U.S. invasion, following a House vote last month that would return the basic war power to Congress.
The amendment by Virginia Sen. Tim Kaine, a Democrat, and Indiana Sen. Todd Young, a Republican, was approved by voice vote to an annual defense authorization bill that passed the Senate late Thursday — a unanimous endorsement for ending the war that many now view as a mistake.
Iraqi deaths were estimated in the hundreds of thousands, and nearly 5,000 U.S. troops were killed in the war after President George W. Bush’s administration falsely claimed that then-President Saddam Hussein was stockpiling weapons of mass destruction.
“That’s the way the war ends, not with a bang but a whimper,” Kaine said after the vote, which lasted only a few seconds with no debate and no objections. Still, he said, “America is forever changed by those wars, and the Middle East is too.”
Supporters in both the House and Senate say the repeal is crucial to prevent future abuses and to reinforce that Iraq is now a strategic partner of the United States. The House added a similar amendment to its version of the defense measure in September, meaning the repeal is likely to end up in the final bill once the two chambers reconcile the two pieces of legislation. Both bills also repeal the 1991 authorization that sanctioned the U.S.-led Gulf War.
While Congress appears poised to pass the repeal, it is unclear whether President Donald Trump will support it. During his first term, his administration cited the 2002 Iraq resolution as part of its legal justification for a 2020 U.S. drone strike that killed Iranian Gen. Qassim Soleimani. It has otherwise been rarely used.
Young said after the vote that he thinks Trump should “take great pride” in signing the bill after campaigning on ending so-called “forever wars,” especially because he would be the first president in recent history to legally end a longstanding war.
He said the vote establishes an important precedent.
“Congress is now very clearly asserting that it is our prerogative and our responsibility not only to authorize but also to bring to an end military conflicts,” Young said.
The bipartisan vote, added to the larger bipartisan defense measure, came amid a bitter partisan standoff over a weeklong government shutdown. Young said the quick vote was an “extraordinary moment” that he hopes “will help some people see that we can still do consequential things in the U.S. Congress.”
The Senate also voted to repeal the 2002 resolution two years ago on a 66-30 vote. While some Republicans privately told Kaine that they were still opposed to the measure, none objected to the unanimous vote on the floor Thursday evening.
A separate 2001 authorization for the global war on terror would remain in place under the bill. While the 2002 and 1991 resolutions are rarely used and focused on just one country, Iraq, the 2001 measure gave President George W. Bush broad authority for the invasion of Afghanistan, approving force “against those nations, organizations, or persons” that planned or aided the Sept. 11, 2001, attacks on the United States.
Passed in September 2001, it has been used in recent years to justify U.S. military action against groups — including al-Qaida and its affiliates, such as the Islamic State group and al-Shabab — that are deemed to be a threat against America. link
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Tishwash: Preemptive strikes thwart attempts to promote counterfeit currency in Iraqi markets.
The Parliamentary Security and Defense Committee revealed, on Wednesday, that new qualitative strikes had been directed against networks specialized in counterfeiting local and foreign currency in several governorates.
Committee member, MP Yasser Iskandar, told Al-Maalouma Agency, “Several joint and specialized security teams have succeeded over the past two weeks in carrying out four qualitative operations during which a number of suspects were arrested and counterfeit money was seized that was on its way to the markets.”
He added that "these operations came within the framework of a distinguished intelligence effort aimed at blocking the path of these networks that are trying to harm the national economy by counterfeiting and circulating currency," noting that "citizens' awareness and cooperation with the security services have contributed fundamentally to the success of many of the seizure procedures."
Iskandar pointed out that "investigations are ongoing to uncover the nature of the work of these networks and completely block attempts to re-counterfeit currency in the future." link
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Tishwash: Italy considers Iraq, Kurdistan safe for Italian investors, eyes deeper economic ties
Italy is pushing to expand its business footprint in Iraq and the Kurdistan Region beyond oil and energy, the country’s ambassador to Iraq told Rudaw in an exclusive interview on Tuesday, as Baghdad and Erbil’s growing stability and developments across all sectors draw renewed interests from European investors.
“We started our cooperation decades ago, and the two main sectors were infrastructure, construction, and energy sector, so oil and gas mainly,” Italy’s Ambassador to Iraq Niccolo Fontana told Rudaw, adding Rome’s diplomatic missions in Iraq are currently focused on diversifying cooperation into non-oil fields.
Rome and Erbil enjoy good ties and last year Italy upgraded its consulate in Erbil to a consulate general.
Italy is a member of the global coalition against the Islamic State (ISIS) that was formed by the United States in 2014 when the terror group seized control of a swath of Iraqi and Syrian land. Italian forces have had a key role in training Kurdish Peshmerga forces.
A year into office in Iraq, the Italian ambassador said he had witnessed clear signs of transformation and economic momentum.
“I saw a transformed city for the better, notably in terms of infrastructure. But I see a lot of construction works going on, both in Baghdad and Erbil,” he said, adding that “We say in Italy that when there is construction going on, it means there's a push towards social economic development.”
“What we as an embassy and with the consulate general in Erbil, are trying to do right now is to attract more companies in non-oil sectors,” the ambassador said, adding Rome is encouraging companies to work in the “agro industrial sector” to work in Kurdistan, underscoring the safety and security in the Region.
Fontana described “stability” as “the right word to describe what's going on now in the country,” crediting both Baghdad and Erbil for playing “a role as a stabilizing factor in the region.”
The ambassador noted that his country is “committed to working alongside Iraq and Kurdistan to enhance furthermore this development,” highlighting a shared interest in stability and economic diversification.
“Together with the Kurdish government, we organized a mission to Rome last July, and apparently we succeeded in convincing an important Italian group to come here,” the ambassador revealed, adding that “they are coming in mid-October here to check, really in person, if those opportunities are real, and how to cooperate with local partners.”
As Iraq and Kurdistan seek to attract broader foreign investment, Italy’s strategy aligns with their vision of diversifying the economy, strengthening local industries and deepening regional ties.
Below is the full transcript of the interview with Niccolo Fontana. link link
Mot: Who Else can Relate – siigghhhhh
Mot: Warning fir Ya!!!!
Seeds of Wisdom RV and Economics Updates Friday Morning 10-10-25
Good Morning Dinar Recaps,
BRICS Digital Currency Network Bypasses the West — Dollar Weakens
As BRICS nations integrate digital currencies, they’re quietly rerouting global finance away from Western control.
Good Morning Dinar Recaps,
BRICS Digital Currency Network Bypasses the West — Dollar Weakens
As BRICS nations integrate digital currencies, they’re quietly rerouting global finance away from Western control.
What Is Unfolding
BRICS is not launching a single unified digital currency for now, but is integrating Russia’s digital ruble, China’s digital yuan, and India’s digital rupee into a combined payments infrastructure.
The system is expected to become operational between 2026 and 2027, allowing direct conversions between national digital currencies — without intermediaries such as Western banks or SWIFT.
The BRICS Pay platform will act as a messaging / settlement layer, tying together other national systems like SPFS (Russia), CIPS (China), UPI (India), and PIX (Brazil).
Why This Is a Strategic Shift
Dollar Bypass: By enabling settlement in local digital currencies, transactions can stay within BRICS rails, reducing exposure to dollar-based sanctions or surveillance.
Soft De-Dollarization: This isn’t an overnight dethroning. It’s gradual: local-currency trade, payment infrastructure integration, and settlement mapping instead of an outright currency swap.
Autonomy & Resilience: Nations in the bloc gain more independence from Western financial chokepoints — reinforcing sovereignty in money flows.
Challenges & Unanswered Questions
Trust & Stability: How will exchange rates be managed between digital currencies? How to prevent volatility?
Adoption & Scale: For new rails to matter, a critical mass of trade volume and users is needed — plus cross-border liquidity.
Interoperability: Will BRICS digital rails integrate with or conflict with existing global systems (e.g. correspondent banking)?
Gold or Asset Backing? Some speculation suggests backing in gold, but no official commitment has been made yet.
Global Implications
Erosion of Dollar Hegemony: As more trade migrates off-dollar, the U.S. dollar’s dominance in global reserves and payments could gradually weaken.
Financial Bloc Formation: This may accelerate the emergence of regional financial zones — BRICS rails on one side, Western rails on another.
Credit & Capital Flow Shifts: New corridors of investment may favor nations aligned with BRICS rails, altering capital allocation.
Sanctions Recycle: In future conflicts, excluded nations might plug into BRICS rails to evade financial isolation.
Why This Matters / Key Takeaway
BRICS isn’t trying to smash the dollar overnight — it’s building alternative rails under its feet.
Once payment, settlement, and currency infrastructure realign, the dollar’s grip becomes more symbolic than structural.
The future architecture of global liquidity is being sketched today — and it may center outside the Western system.
This is not just politics — it’s global finance restructuring before our eyes.
@ Newshounds News™ Exclusive
Sources & Further Reading
• Watcher.Guru – BRICS Digital Currency Network Bypasses the West, Dollar Weakens Watcher Guru
• GIS Reports – BRICS making progress on payment system GIS Reports
• InvestingNews – How Would a New BRICS Currency Affect the US Dollar? Investing News Network (INN)
• Wikipedia – BRICS Pay Wikipedia
• Hudson Institute – How to Counter BRICS and Preserve Global Dollar Dominance Hudson Institute
• ArXiv – Prospects of BRICS Currency Dominance arxiv.org
@ Newshounds News™ Exclusive
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Iraq Economic News and Points To Ponder Friday Morning 10-10-25
The Biggest Corruption Disaster In Iraq's History: $35 Billion Is "Stolen" Annually, And $775 Billion In Losses Are "Without A Trace."
Five National Budgets Politics / Economy / Special Files Yesterday, 5:00 PM | 11:18 Baghdad Today – Baghdad Iraq is experiencing what can be described as an "economy plagued by structural corruption."
Corruption is no longer a passing incident or a deviation in administrative behavior, but has become an integral component of the power equation and a hidden driver in political and economic decision-making circles.
The Biggest Corruption Disaster In Iraq's History: $35 Billion Is "Stolen" Annually, And $775 Billion In Losses Are "Without A Trace."
Five National Budgets Politics / Economy / Special Files Yesterday, 5:00 PM | 11:18 Baghdad Today – Baghdad Iraq is experiencing what can be described as an "economy plagued by structural corruption."
Corruption is no longer a passing incident or a deviation in administrative behavior, but has become an integral component of the power equation and a hidden driver in political and economic decision-making circles.
Monitoring and research estimates indicate that Iraq has lost more than $600 billion over two decades due to administrative and financial corruption, at a time when actual spending on infrastructure, education, and health did not exceed 20% of total oil revenues.
However, this tally, officially announced by former Prime Minister Mustafa Al-Kadhimi in 2023, only covers the period until mid-2020.
This means that the last five years (2021–2025) remain beyond any comprehensive official disclosure, despite the accumulation of cases and scandals witnessed by state institutions.
According to observers, the continued absence of updated data after 2020 indicates that the corruption hemorrhage is ongoing and may have worsened in some sectors that have not yet been subjected to actual scrutiny.
If the same annual rate of losses recorded up to 2020, amounting to approximately $35 billion annually, were adopted, the subsequent five years (2021–2025) would have added approximately $176 billion to the total waste and embezzlement.
Thus, the estimated total accumulated losses today could exceed $775 billion, equivalent to five full Iraqi budgets according to 2024 figures.
This mathematical equation demonstrates that the persistence of the corruption structure at the same pace means that the state has not stopped the bleeding, but rather shifted it from one stage to another without a genuine institutional rupture.
This makes the cost of corruption in Iraq escalating over time and politically complex.
This figure alone—even in its incomplete form— is sufficient to depict the magnitude of the structural crisis that has afflicted state institutions and weakened their ability to provide even the most basic public services, despite the fact that total oil revenues since 2003 have exceeded $1.2 trillion.
This figure summarizes a horrific gap between realized wealth and development returns, and between what was collected and what was wasted.
Institutional analyses confirm that these losses represent not only wasted money, but also lost "political capital."
Corruption has impacted public trust in the state and Iraq's standing on international integrity indicators, ranking 140th out of 180 countries in Transparency International's 2024 Corruption Perceptions Index.
This continued decline not only means that corruption persists, but that it is now measured more by the extent of the collapse of trust in oversight institutions than by the amount of stolen assets.
Thus, every reform attempt—no matter how belated— turns into an existential test for the state itself:
Is it still capable of holding itself accountable, or has corruption become a condition of its political survival?
When we talk about $600 billion, we are not talking about a figure in accounting books, but rather 3.7 times Iraq's current annual budget, which amounts to approximately $162.9 billion according to the 2024 budget law.
In other words, the funds wasted until 2020 were enough to finance Iraq's entire budget for four consecutive years without exporting a single barrel of oil.
If we add the documented cases that occurred after 2020— most notably the "theft of the century," which alone amounted to $2.5 billion— the actual losses appear to be much greater than the official figure.
Since that year, no government has released an updated financial statement, and no cumulative figures have been presented to parliament regarding the amount of recovered or wasted funds, meaning that the lost budget has already exceeded the $600 billion ceiling.
By simple comparison, Jordan, with an annual budget of approximately $25 billion, could have been fully funded for 24 years from these wasted funds.
Lebanon, with a budget of no more than $16 billion, could have covered its public spending for 37 consecutive years.
Syria, with a budget ranging between $8 and $10 billion, could have funded its budget for approximately 60 years.
These amounts would be sufficient to cover Kuwait's $80 billion budget for seven full years.
Independent economic estimates indicate that this figure would be sufficient to build 10,000 modern schools, 1,000 hospitals, and 5,000 integrated housing complexes, as well as establish a self-sufficient national electricity system, in addition to water and sewage networks covering all governorates.
It is, in essence, a budget for rebuilding a country from scratch, but it has disappeared into a vortex of illusory contracts, shoddy deals, and political quotas that have reproduced corruption with each election cycle under new guises.
In this context, MP Yasser Al-Husseini confirmed, during an interview with Baghdad Today, that "the oversight and judicial authorities are proceeding with one of the most important stages of combating corruption in Iraq's history, by referring 22 files that are considered the most important in our battle against corruption to the judicial authorities, including the Public Prosecution, the Integrity Commission, and the Board of Financial Supervision."
He added, "The ball is now in the court of the judiciary, which has the final say in resolving these cases."
Cross-referenced legal readings confirm that the referral of this number of cases at this time represents a moment of dual political-judicial pressure.
On the one hand, the current government is trying to demonstrate its seriousness in combating corruption just one month before the end of its term.
On the other hand, the judiciary finds itself facing a simultaneous test of independence and speed.
Legal deliberations indicate that the value of these referrals is not measured by their number, but rather by the standing of the individuals and institutions they target, and the judicial system's ability to overcome the political pressures that typically accompany major cases.
Past experience confirms that most similar cases were closed under the pretext of "insufficient evidence" or were transferred to subsequent governments.
This means that the true success of these referrals will not be measured by the announcement, but by the enforceable judicial ruling.
Anti-corruption expert Saeed Yassin Musa told Baghdad Today, "The lack of serious accountability and the dominance of political forces over institutions are the most prominent reasons for the persistence of corruption.
The entities or individuals involved in major cases have not been held accountable, despite the existence of official documents and reports proving the extent of the violations and transgressions."
Research studies confirm that what Iraq is facing is not "individual corruption," but rather an integrated system of influence extending across the political, administrative, financial, and legal levels.
Such that state institutions have become spheres of partisan influence rather than neutral executive units.
According to public administration studies, the lack of civil service independence, the lack of transparency in government contracting, and the integration of oversight bodies within the party system have made combating corruption nearly impossible without radical and comprehensive administrative reform.
This is why Musa emphasizes that "restoring confidence in the Iraqi economy cannot be achieved without sincere political will and firm legal measures that restore the state's prestige and halt the drain on public funds that threatens the country's future development."
He calls for the implementation of the principle of "where did you get this from" and the enactment of laws that protect whistleblowers and require public disclosure of financial assets.
Political assessments unanimously agree that the timing of the referral of these files— one month before the elections— raises suspicion, not because they are unimportant, but because they follow years of silence and oversight procrastination.
The government, preparing to hand over power, appears to be seeking to leave a last-minute moral impact rather than actual reform.
According to modern political approaches, the fight against corruption is not measured by the extent of its announcement, but rather by its sustainability.
Delayed measures are not enough to change the general impression in a country where most citizens believe that selective accountability has become part of the political game itself.
Academic readings indicate that a state that postpones confrontation until the moment of farewell loses the legitimacy of reform because it chose not a difficult but a safe time.
True reform does not occur when power is at its demise, but when it is at the peak of its power, able to confront challenges without electoral calculations or coalition agreements.
The loss of $600 billion—until 2020— represents a magnifying glass of the structural flaws in the Iraqi state.
What makes the picture even bleaker, however, is that no official disclosure of the new toll has been made in the five years since, despite the accumulation of major cases that have yet to be opened.
This means that the actual figure today may exceed $7 billion of the total wasted budget.
While the referral of 22 difficult cases represents a positive development in form, its substance will remain dependent on the judiciary's ability to overcome political will and apply justice without selectivity.
What will decide the battle against corruption in Iraq is not the number or size of the cases, but the state's ability to hold itself accountable before holding others accountable.
A state that wastes enough resources to build three neighboring countries, then refers corruption cases in the final weeks of its political cycle, is not practicing actual reform as much as it is offering a delayed admission of its structural inability to manage accountability in a timely manner.
Every missing dollar of those six billion is documentary evidence of the state's absencewhen it should be present as a guarantor of justice and oversight.
Every case closed without an enforceable rulingis an embodiment of the continuing imbalance between law and authority,where justice remains deferred in text before being deferred in application. https://baghdadtoday.news/284866-35-775.html
For current and reliable Iraqi news please visit: https://www.bondladyscorner.com