No Escape from Debt Collapse, We’re in the End Game

No Escape from Debt Collapse, We’re in the End Game

Commodity Culture:   7-12-2025

In a recent illuminating discussion on Jesse Day’s Commodity Culture, renowned economic commentator Alasdair Macleod painted a stark picture of the global financial landscape.

Macleod posited that numerous nations worldwide are ensnared in an inescapable debt trap, from which traditional remedies offer no solace. His startling conclusion?

The only viable path forward is through a total collapse of the current fiat currency system, an event he believes is rapidly approaching.

Macleod’s analysis centers on what he describes as a pervasive and unforgiving debt crisis gripping economies across the globe. He argues that this isn’t merely a temporary economic downturn but a structural flaw, where sovereign and private debts have grown to such unsustainable levels that genuine repayment or conventional restructuring is no longer feasible.

The sheer scale of indebtedness, in his view, has pushed countries into a corner with no conventional exit strategy.

For Macleod, the implications of this intractable debt are dire but clear: the current debt-based monetary system is on a collision course with its own demise.

 He asserts that governments, faced with overwhelming obligations, will inevitably resort to accelerating the printing of money, further devaluing their currencies until the entire fiat system buckles under the weight of its own debasement.

This isn’t a speculative ‘if’ but a matter of ‘when’ for Macleod, who sees the signs of this impending collapse “on the horizon right now.”

In this tumultuous scenario, gold emerges as the ultimate barometer and sanctuary. Macleod firmly believes that the rising price of gold is not primarily a reflection of the metal’s intrinsic value soaring, but rather a direct consequence of the continuous and aggressive debasement of the US dollar and other major paper currencies.

As central banks expand their balance sheets to prop up failing systems, gold serves as a vital indicator of this monetary erosion. Consequently, he views gold’s long-term trajectory as “extraordinarily bullish,” not merely as an investment, but as the quintessential “sound money” asset desperately needed as our current debt-based system approaches its “end game.”

Alasdair Macleod’s insights offer a challenging, albeit sobering, perspective on the immediate future of global finance.

His stark warning of an impending fiat currency collapse, driven by an insurmountable global debt trap, underscores the critical importance of understanding monetary policy and the role of hard assets like gold.

https://youtu.be/C5VHj5iiwUI

Iraq Economic News and Points To Ponder Saturday Afternoon 7-12-25

Iraq Has About $100 Billion In Its Coffers: Withheld Reserves And Citizens Left Out Of The Equation - Urgent
 
Economy / Special Files Yesterday, | 7429 Baghdad Today – Baghdad  In a country where people's suffering is measured by the dollar exchange rate, and  where development is reduced to questions about electricity, water, and jobs,  a staggering figure stands out in international institution reports:
          $106.7 billion in Iraq's foreign exchange reserves,
          placing it third in the Arab world after Saudi Arabia and the UAE.

But behind this glittering figure lies an unanswered question:
 
Is this money truly available to Iraqis, or
is it frozen in accounts that can only be moved with the permission of the US Treasury?
 
The truth, as confirmed by experts, is that the
     bulk of these reserves are deposited in American banks, and the
     Iraqi government can only use them within narrow margins, subject to international approval, specifically from Washington.
 
Economic expert Haider Al-Sheikh told Baghdad Today on Thursday (July 10, 2025) that cash liquidity in Iraq is "fully available, whether in dinars or dollars," noting that "foreign exchange reserves have exceeded $106 billion, while gold reserves have exceeded 163 tons, making Iraq fourth in the Arab world after Saudi Arabia, Lebanon, and Algeria."  

Al-Sheikh added,  "This abundance came after years of sharp declines during the COVID-19 pandemic,
when oil prices collapsed.
 
However, the  subsequent rise in prices and the change in the dollar exchange rate   helped rebuild the cash reserve and raise reserves to unprecedented levels."
 
Advanced ranking in the Arab region
 
According to data from the International Monetary Fund (IMF), Iraq ranked third in the Arab world in terms of foreign exchange reserves,  ahead of countries such as Libya, Algeria, Qatar, Egypt, Kuwait, and Morocco.
 
The rankings are as follows:
 
Saudi Arabia: $449 billion
UAE: $210 billion
Iraq: $106.7 billion
Libya: $80 billion
Algeria: $72 billion
Qatar: $69 billion
Egypt: $47.1 billion
Kuwait: $41 billion
Morocco: $32.8 billion
Jordan: $21 billion

A promising market on paper, but constrained in reality.
 
The sheikh points out that the  increase in reserve size gives Iraq "great economic attractiveness,"
 
making it a target for competition among major countries for investment opportunities,
     such as the United States, China, Japan, and France,
due to its vast resources and sensitive geographic location.
 
But this attraction, experts believe, is hampered by a
     fragile administrative reality, an
     unstable legal environment, and a
     volatile political climate.
 
This makes the flow of funds into Iraq a thorny process,
requiring more than hard numbers and cash reserves;
 
it requires a genuine will to reform.
 
And yet, despite these impressive figures, the question still lingers in the minds of Iraqi citizens:
 
When will state funds become tools for their service?
 
While the state is piling billions into banks abroad, the
     majority of the population is still struggling to secure the basic necessities of life,
     amid    high unemployment,   rising prices, and  deteriorating services.
 
The deeper problem is that this massive reserve,  which is supposed to be the country's safety valve,
is not actually in hand.
 
Rather, the bulk of it is deposited in foreign banks,  specifically the US Federal Reserve, and is  subject to strict controls that prevent Iraq from  using it freely or  employing it in development or emergency projects without complex international approvals.

According to observers, ultimately, any financial figure is worthless unless it is translated into living reality.
 
While the state celebrates its ranking on reserve lists,
citizens are not looking for a ranking but rather an outcome:
     Will this money be used
          to protect the dinar?
          To support prices?
          To build factories?
          To free the market from dependency?
 
Or will it remain a mere mortgaged asset,
     from which Iraqis see nothing but
          slogans of sovereignty and
          headlines in international reports?      https://baghdadtoday.news/278315-106.html 

Al-Nusairi: The Central Bank Is Leading The Banking Sector Toward Comprehensive Reform, Economic Stimulation, And Sustainable Development.
 
Uses  Economy News – Baghdad  Economic and banking advisor Samir Al-Nusairi affirmed that the  Central Bank continues to lead the Iraqi banking sector in accordance with its third strategy and its comprehensive banking reform project for the next two years,
 
based on a continuous daily work system in cooperation with international consulting and auditing companies currently operating with the aim of achieving banking reform and moving banks to a stage of contributing to stimulating the economy, revitalizing the economic cycle, achieving economic growth, and transforming banks into a lever for sustainable development.
 
Al-Nusairi explained in an interview with Al-Eqtisad News that  
in order to motivate banks and develop banking operations so they can fulfill their duties stipulated in the Banking Law and the applicable instructions and executive regulations issued by the Central Bank, and serve the national economy and customers,
 
it is necessary to carefully
     implement the reform measures outlined for them, as well as to
     re-review,   evaluate, and  classify banks.  ‘

Al-Nusairi pointed out that there are international standard criteria for classifying central banks that are agreed upon in most countries, such as
     controlling inflation,
     economic growth,
     monetary stability,
     independence, and the
     extent to which economic goals are achieved.

Since central banks are subject to classification and
since they are the ones that monitor and supervise banks, the classification of Iraqi banks must be based on international standard criteria approved in most countries,
 
the basis of which is
     compliance with international banking standards,
     enhancing financial inclusion,
     encouraging competition,
     preventing monopoly in the banking market,
     providing opportunities for shareholders and investors to obtain profitable and sustainable returns,
     accelerating digital transformation, and a   rapid transition to a solid national economy. 

He explained that the  reform, evaluation, and classification of the banking sector should be based on criteria of capital, assets, liquidity, profitability, and risk management.
 
Additional programs should be adopted that are consistent with the Iraqi reality, such as approving the banks' operating results and final accounts for the last five years,focusing on analyzing assets, revenues, expenses, capital adequacy, indicators of capital investment, cash credit granted and its sectoral distribution, ‘

The   return on capital ratio, return on assets, liquidity ratio, and the extent of banks' compliance with applicable banking instructions, particularly activating the national strategy for  bank lending to finance small and medium-sized enterprises and
applying environmental, social, and corporate governance standards.   https://economy-news.net/content.php?id=57222 

TIR Moves Iraq To Advanced Ranks In Global Trade
 
Economy   2025-07-11 | 1,478 views  confirmed The General Authority of Customs the continued successful and seamless implementation of the international TIR system at a number of border crossings,a move it described as strategic.
 
It indicated that this move will advance Iraq to advanced levels in the field of international trade.
 
The Director of Transit at the General Authority of Customs, Ihab Talib, told the official agency, followed by Sumaria News, that
 
“the Authority has begun implementing the TIR system at all Iraqi border crossings,
in coordination with the International Road Transport Union (IRU), noting that
 
“the system comes within an agreement signed with the General Company for Land Transport,
which represents the guarantor of this project.”  ‘

He added, "The implementation of this system represents a true activation of the transit system and aims to capitalize on Iraq's strategic location as a link between Europe and the Middle East."

 He added,  "The procedures are proceeding smoothly and in coordination with all relevant parties."  

He added that  the TIR system
     will contribute to Iraq's advancement in international trade and
     will help develop the transportation, technical, and logistics infrastructure sectors. He explained that
 
the project complements the Development Road Project, which the Iraqi government seeks to implement as part of a comprehensive plan to improve regional trade. https://www.alsumaria.tv/news/economy/533128/التير-ينقل-العراق-لمراتب-متقدمة-بالتجارة-العالمية

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

Seeds of Wisdom RV and Economic Updates Saturday Afternoon 7-12-25

Good Afternoon Dinar Recaps,

Areas Where BRICS Challenges the USA — And Where It Falls Short

As the global economic balance continues to shift, BRICS—once seen as a symbolic bloc—has grown into a formidable coalition with ambitions to challenge the U.S.-led financial order. With expanded membership and an aggressive de-dollarization push, BRICS is reshaping global dialogue on trade, energy, and economic sovereignty. But does it have the cohesion and tools to match its ambitions?

Areas Where BRICS Challenges the U.S. Dollar’s Dominance

1. De-Dollarization: A Bold Economic Agenda

At the forefront of BRICS’ economic strategy is its de-dollarization effort. Member nations are actively working to reduce reliance on U.S.-based financial systems by conducting bilateral trade in local currencies. This shift reflects a strategic priority: to strengthen domestic economies while reducing exposure to Washington’s fiscal leverage.

Local currencies first. The U.S. dollar, later.

This trend, if sustained, poses a direct threat to the dollar’s global reserve status, undermining its dominance in international settlements.

2. Strategic Control Over Global Resources

BRICS countries command a massive share of global natural resources:

• Russia, Iran, and the UAE: Oil and natural gas leaders

• Brazil: A global agricultural and food export powerhouse

• South Africa: Rich in gold, platinum, and rare earth minerals

• China: Global leader in manufacturing and rare earth supplies

If these nations settle trade in their own currencies, the U.S. dollar’s global usage could decline dramatically.

Together, this bloc represents a significant force in energy, agriculture, and mining, challenging U.S. supply chain influence.

Where BRICS Still Falls Short

1. No Real Alternative to the U.S. Dollar

Despite talk of a unified BRICS currency, no concrete monetary alternative exists. Member nations have failed to agree on a single tender, with each preferring to elevate its own national currency. As a result, they continue to rely on the U.S. dollar for international trade, especially in dealings with non-member nations.

Without a unified currency or financial architecture, BRICS remains tethered to the very system it seeks to disrupt.

2. Internal Political and Strategic Divisions

BRICS unity is often more optical than operational:

• India and China: Ongoing border and trade tensions

• Russia: Under sweeping Western sanctions and economic isolation

• Egypt & Ethiopia: Limited global economic influence

• South Africa & Brazil: Non-confrontational toward the West

• UAE: Maintains deep financial ties with the U.S. and Europe

These geopolitical and economic fractures limit BRICS’ ability to act as a cohesive counterweight to the West, particularly in areas requiring unified policy or shared infrastructure.

Conclusion

While BRICS continues to challenge key aspects of U.S. economic dominance, the bloc’s internal divisions and lack of monetary alternatives restrict its global transformation potential—for now. However, its resource control and political momentum suggest it remains a powerful force to watch in the evolving multipolar world order.

@ Newshounds News™
Source: Watcher.Guru   

~~~~~~~~~

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“Tidbits from TNT” Saturday 7-12-2025

TNT:

Tishwash:  The Iraqi Chamber of Commerce was honored with the award for the best performing national committees worldwide.

The International Chamber of Commerce honored the Iraqi Chamber of Commerce with the award for the best performing national committees worldwide.

The Federation of Iraqi Chambers of Commerce stated in a statement received by the Iraqi News Agency (INA), that "in a qualitative achievement, the International Chamber of Commerce honored the Iraqi Chamber of Commerce with an award given to the best performing national committees worldwide,"

Indicating that "this honor came as a result of the efficient and effective implementation of the annual plan for the years 2024-2025, which reflects Iraq's commitment to strengthening its international position on the global trade map."

He added, "On the sidelines of the annual week, the first anniversary of Iraq's official accession to the International Chamber of Commerce was celebrated, marking an important step towards building strategic partnerships and enhancing the business environment in Iraq.

The International Chamber of Commerce was founded in 1919 in Paris, and Iraq obtained full membership in 2024.

It is noteworthy that the Federation of Iraqi Chambers of Commerce - the Iraqi National Committee of the International Chamber of Commerce (ICC Iraq) participated in the annual International Chamber of Commerce (ICC Week) in Paris, from June 17 to 20, 2025, which brought together more than 60 countries from various national committees around the world. The annual week included several activities:

1- World Trade Policy Conference.

2- World Day of National Committees Strategies.

3- Specialized workshops on arbitration topics and the agri-food initiative.

4- The annual meeting of the International Chamber of Commerce World Council.

5- Workshop on the International Entrepreneurship Center.

6- Regional meeting for West Asia and North Africa.

It is noteworthy that the Ministry of Foreign Affairs - represented by the Iraqi Embassy in Paris and the Ministry of Trade - Department of Foreign Economic Relations supported Iraq's accession to the International Chamber of Commerce and continues to follow up on the activities of the Iraqi National Committee's program for the International Chamber of Commerce.  link

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

Tishwash:  Commerce: Implementing a package of qualitative initiatives to boost the national economy.

The Ministry of Trade announced, on Friday, the implementation of a package of qualitative initiatives to advance the national economy and stimulate sustainable growth.

Ministry spokesman Mohammed Hanoun said, "The Ministry, in coordination with the Private Sector Development Council, has prioritized creating a stable and investment-friendly economic environment by addressing challenges and facilitating procedures for investors and entrepreneurs in line with the requirements of the national economy."

He added, "Based on the Iraqi government's directives to support the business environment and enhance partnerships between the public and private sectors, the Ministry of Trade, through the Private Sector Development Council and the Private Sector Development Department, continues to implement a package of qualitative initiatives and effective measures aimed at advancing the national economy and stimulating sustainable growth."

He explained that "the measures taken include strengthening channels of joint dialogue between representatives of the public and private sectors to develop practical solutions to the challenges facing the business environment, reviewing and updating commercial and regulatory legislation with the aim of simplifying procedures and stimulating local and foreign investment, in addition to launching programs to support small and medium enterprises and providing financing and training packages to support entrepreneurs."

Hanoun pointed to the possibility of supporting digital transformation and developing electronic services to facilitate commercial and investment transactions and enhance the principles of transparency and economic governance by publishing periodic reports on economic performance indicators and the business environment, creating an appropriate investment, legal, and financial climate for major partnerships, and encouraging quality investments in vital sectors. He also stressed the importance of working hard to improve Iraq's ranking in international business environment indicators by implementing global best practices in facilitating the establishment of companies and protecting investors.

Hanoun affirmed that "the Ministry of Trade is committed to supporting the private sector and empowering it to be a key partner in building a diversified and sustainable economy and achieving comprehensive economic development that positively impacts citizens' lives." He called for continued cooperation and integration between all state institutions and the private sector to create a competitive economic environment that contributes to stimulating growth and providing job opportunities. link

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

Tishwash:  Iraqi ministerial committee on Erbil-Baghdad budget issues holds first meeting

Iraq’s newly formed ministerial committee tasked with resolving outstanding disputes between Erbil and Baghdad held its first meeting on Wednesday, focusing on key financial and energy issues, including oil exports, domestic consumption, and public sector salaries in the Kurdistan Region.

The meeting, chaired by Deputy Prime Minister and Minister of Planning Mohammed Ali Tamim, brought together federal and Kurdistan Regional Government (KRG) representatives to address stalled budget transfers and oil obligations, according to a planning ministry statement. 

“A review of the two papers submitted by the federal government and the [Kurdistan] Region, where both papers addressed a number of vital topics, foremost among them the oil export file and its regulatory mechanisms, the volume of local consumption of oil products, as well as the region's delivery of the federal treasury's share of non-oil revenues, in addition to discussing the localization of Kurdistan Region employees' salaries” were discussed, the statement said. 

On Monday, a senior KRG delegation arrived in Baghdad to resume talks with federal officials over the prolonged financial dispute, which has led to repeated salary delays in the Kurdistan Region. The committee was established on Tuesday following the visit, per a directive by Iraqi Prime Minister Mohammed Shia’ al-Sudani. 

The planning ministry said the committee stressed “the importance of continuing technical and administrative discussions regarding these files with the aim of reaching quick, fair, and realistic solutions and treatments that guarantee the rights of Kurdistan Region employees, similar to their colleagues in the rest of the Iraqi provinces, within the framework of the state's unified financial policy.”

Tensions between Erbil and Baghdad flared in late May when Iraq’s federal finance ministry halted all budget transfers to the KRG, including payments for public employee salaries. The ministry claimed the KRG had exceeded its 12.67 percent share of the 2025 federal budget and failed to deliver its designated share of oil to SOMO.

The situation has been exacerbated by the ongoing suspension of oil exports through the Iraq-Turkey pipeline, which has remained offline since March 2023 following an international arbitration ruling.

The committee is tasked with aligning both sides’ demands and drafts to pave the way for a formal agreement.  link

Mot:  Ya Gotta Love ole ""Nelson""

Mot: Second Nap

Weekend Coffee with MarkZ. 07/12/2025

Weekend Coffee with MarkZ. 07/12/2025

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

MZ: On Saturdays we have the CBD Gurus  first and then on to the news at the 45-minute mark.

Member: GM Mark, Mods and family! This would be a great weekend for our blessing. Praying it in.

Member: Is this our last weekend?

MZ: Most of my bond contacts think this is our last weekend. I pray it is. Overwhelming bond folks think they get their money over the weekend.

MZ: I assume with the Fednow system down they will have access on Monday. We are hoping and praying this is true.

Member: Why is Fednow down?

MZ: Because of a whole new update. Bank wires are down, many government sites are down. Many banks doing system upgrades. Even the IRS is getting a system upgrade. Between the 11th and 14th of July many financial things are getting upgrades.

MZ: We are hopeful that things are about to have a new value. This is one of the steps that needed to be completed so they can flip the switch.

MZ: My redemption center/wealth management folks are not working this weekend…nor are they on call. So for me I am not looking for an RV this weekend…but these folks have been working hard the last few weeks. I even have a Chase contact who said they have lifted restrictions on amounts of foreign currency in preparation …I loved hearing that one.

Member: Redemption folks may be extra busy soon and enjoying last weekend off.

 Member: Hearing the Fed Chair is resigning….are we seeing the end of the Fed??

MZ: We keep hearing rumors …not getting anything vetted and clear yet. We do know he wont be back after his term ends and its almost over. But my take is we might be watching the end of the Fed. We are also watching the old system kicking and screaming on its way out of the door.

Member: Chase bank has been updated earlier this year

Member: Another rumor is Trump is going to put Tatiffs on Iraq if they don't RV this weekend !

MZ: I do not believe that is true….

MZ: Lots of HCL stuff happening though.

Member: ​​Per Frank26 the HCL and oil agreements have been reached and we now are waiting on the salaries to be agreed too since it’s tied to oil. IMF is fed up and is telling Iraq enough

MZ: In Iraq: “ Among them are forgery, currency smuggling, and real estate usurpation. (CONSIOUS)opens 15 files with the Public Prosecution” They are going after old crimes from Sadaam Hussein and the Bush camp that was stealing from Iraq for years.  They are cleaning up old files.

MZ: These are things that needed settled before they revalue. I love they are cleaning things up.

Member: should go by end of this month. That's my opinion.

Member: Everyone have a wonderful weekend. See you all Monday morning.

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

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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.

THANK YOU ALL FOR JOINING. HAVE A BLESSED WEEKEND! SEE YOU ALL MONDAY MORNING FOR COFFEE @ 10:00 AM EST ~ UNLESS BREAKING NEWS HAPPENS!

FROM NOW ON NO MORE NIGHTLY PODCASTS ON MONDAYS AND FRIDAYS

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News, Rumors and Opinions Saturday 7-12-2025

Ariel: Iraqi Dinar Update, Status of Listed Events in July 2025

7-12-2025

Status of Listed Events in July 2025:

Basel III Endgame: Phase-in commenced July 1, 2025, with full compliance by July 1, 2028; focuses on capital requirements for large banks, increasing operational risk buffers by 9% for G-SIBs.

Trump’s Tariffs: Imposed July 9, 2025, at 30% on Iraqi non-oil imports (exempting crude oil, 98% of exports); reduced from initial 39% threat, but risks reserve drains if oil prices fall 5-10%. No “end” occurred user reference may misalign with imposition date.

ISO 20022: Migration for cross-border payments on track, with Swift coexistence ending November 2025; Fedwire adoption confirmed for July 14, 2025.

Fedwire: Single-day ISO 20022 implementation July 14, 2025; ends legacy formats, enabling blockchain pilots for 20% of oil settlements.

GENIUS Act (Senate): Passed Senate June 17, 2025 (68-30 vote); establishes stablecoin framework, now pending House reconciliation.

CLARITY Act (House): Advanced from committees June 2025; slated for House floor week of July 14 during “Crypto Week”; divides SEC/CFTC oversight for digital assets.

Iraq WTO 4th Meeting: Third Working Party meeting July 18, 2024; fourth delayed to Q1 2026 due to reform gaps; accession hinges on tariff bindings and anti-corruption measures.

Ripple/SEC Ends: Ripple dropped cross-appeal June 27, 2025; SEC closed meeting July 10 could finalize; $125M penalty dispute ongoing, no confirmed July closure.

Peace in Middle East: Gaza armistice January 2025; Hezbollah-Israel truce November 2024; ongoing tensions with Israeli forces in Lebanon hills; no comprehensive July breakthrough.

US Dollar Tanks / Currencies Rise: Dollar down 10% H1 2025 (worst since 1991) from debt ($35T+), tariffs, and rate cut expectations; EUR/USD at 1.17, GBP/USD at 1.37 by Q3.

Hypothetical Impact if All Events Align:

Combined pressures tariff exemptions preserving oil revenues, ISO 20022 enabling digital settlements, crypto bills boosting USD alternatives, dollar weakness lifting emerging currencies, and WTO progress could force CBI to advance a managed float to Q3 2025 for reserve bolstering; blockchain tests cover 20% transactions, positioning for subtle tweak.

Source(s):   https://x.com/Prolotario1/status/1943723602785775678

https://dinarchronicles.com/2025/07/12/ariel-prolotario1-iraqi-dinar-update-status-of-listed-events-in-july-2025/

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

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

Mnt Goat   “WHERE ARE THE 2025 BUDGET SCHEDULES? PROJECTS ARE SUSPENDED, PLANS ARE POSTPONED, AND PARLIAMENT HOLDS THE GOVERNMENT ACCOUNTABLE”   No, the RV rate in not in these budget tables as a reason to hold them up that they don’t want us to see until they are ready to RV... Again, any revaluation of the Iraqi dinar will be announced and we don’t need to go fishing through some budget tables to find it, if it could even be there...   [Post 1 of 2....stay tuned]

Mnt Goat  The House of Representatives will hold its first session of the second legislative term for 2025 on Saturday. Let’s hope they finally take up the Oil and Gas Law again. We know they will take up the issue of the Budget Tables... we still see the CBI trucking again and making movement towards its final destination of the reinstatement of the dinar to a global status (FOREX). It is like these other issues, although are very important, feel like just distractions but we know they can also affect the monetary process and should be resolved for stability. [Post 2 of 2]

Jim Rickards: Why Tariffs Work and the Lie They’ve Told for 50 Years

Daniela Cambone:  7-11-2025

Jim Rickards joins Daniela Cambone at the Rule Symposium in Boca Raton to dismantle the mainstream narrative on tariffs, trade, and the dollar's decline.

In his most candid interview yet, Rickards reveals why Trump’s tariff strategy isn’t chaos — it’s a calculated economic war plan.

 With historical precedent on his side, he argues that tariffs aren’t inflationary — they’re a catalyst for domestic manufacturing, job growth, and a stronger U.S. economy.

Rickards explains how today’s dollar decline is no accident, but a Treasury-engineered repeat of the Nixon and Plaza Accords playbook — all part of the "Mar-a-Lago Accord" now quietly reshaping the global monetary order.

He predicts $4,000 gold by year-end, with $10,000+ on the horizon, as America’s financial reset unfolds.

Don’t miss this explosive conversation that challenges everything you’ve been told about globalization, deficits, and the future of money.

https://www.youtube.com/watch?v=qNQjkmUkN6E

Iraq Economic News and Points To Ponder Saturday Morning 7-11-25

IMF Sounds Alarm Bell Over 'Economic Collapse': Iraq Needs Reform, Not Slogans

Friday, July 11, 2025 | Economic Number of readings: 90   Baghdad/ NINA / The International Monetary Fund (IMF) warned of a dangerous financial path that threatens economic stability in Iraq, given its excessive reliance on oil revenues and rapid expansion in current expenditures, most notably salaries and pensions, amid a near-total stagnation in the non-oil sectors. This places the country at a critical economic and political crossroads.

In a detailed report, the IMF indicated that the growth rate of the non-oil sector in Iraq declined sharply from 13.8% in 2023 to an estimated 2.5% in 2024, indicating a gradual contraction of real economic activity outside of oil.

According to the report, the fiscal deficit is expected to reach 7.5% of GDP in 2025, before jumping to 9.2% in 2026, driven by lower revenues and higher expenditures, particularly in the salaries and pensions file, which drain most of the budget's resources, in the absence of any corresponding production. /End   https://ninanews.com/Website/News/Details?key=1240196

Al-Nusairi: The Central Bank Is Leading The Banking Sector Toward Comprehensive Reform, Economic Stimulation, And Sustainable Development.

Banks  Economy News – Baghdad  Economic and banking advisor Samir Al-Nusairi affirmed that the Central Bank continues to lead the Iraqi banking sector in accordance with its third strategy and its comprehensive banking reform project for the next two years, based on a continuous daily work system in cooperation with international consulting and auditing companies currently operating with the aim of achieving banking reform and moving banks to a stage of contributing to stimulating the economy, revitalizing the economic cycle, achieving economic growth, and transforming banks into a lever for sustainable development.

Al-Nusairi explained in an interview with Al-Eqtisad News that in order to motivate banks and develop banking operations so they can fulfill their duties stipulated in the Banking Law and the applicable instructions and executive regulations issued by the Central Bank, and serve the national economy and customers, it is necessary to carefully implement the reform measures outlined for them, as well as to re-review, evaluate, and classify banks.

Al-Nusairi pointed out that there are international standard criteria for classifying central banks that are agreed upon in most countries, such as controlling inflation, economic growth, monetary stability, independence, and the extent to which economic goals are achieved.

 Since central banks are subject to classification and since they are the ones that monitor and supervise banks, the classification of Iraqi banks must be based on international standard criteria approved in most countries, the basis of which is compliance with international banking standards, enhancing financial inclusion, encouraging competition, preventing monopoly in the banking market, providing opportunities for shareholders and investors to obtain profitable and sustainable returns, accelerating digital transformation, and a rapid transition to a solid national economy.

He explained that the reform, evaluation, and classification of the banking sector should be based on criteria of capital, assets, liquidity, profitability, and risk management.

Additional programs should be adopted that are consistent with the Iraqi reality, such as approving the banks' operating results and final accounts for the last five years, focusing on analyzing assets, revenues, expenses, capital adequacy, indicators of capital investment, cash credit granted and its sectoral distribution, the return on capital ratio, return on assets, liquidity ratio, and the extent of banks' compliance with applicable banking instructions, particularly activating the national strategy for bank lending to finance small and medium-sized enterprises and applying environmental, social, and corporate governance standards.  631 views  https://economy-news.net/content.php?id=57222

Commerce: Implementing A Package Of Qualitative Initiatives To Boost The National Economy.

Economy | 05:20 - 11/07/2025 Mawazine News - Baghdad -  The Ministry of Trade announced, on Friday, the implementation of a package of qualitative initiatives to advance the national economy and stimulate sustainable growth.

Ministry spokesman Mohammed Hanoun said, "The Ministry, in coordination with the Private Sector Development Council, has prioritized creating a stable and investment-friendly economic environment by addressing challenges and facilitating procedures for investors and entrepreneurs in line with the requirements of the national economy."

He added, "Based on the Iraqi government's directives to support the business environment and enhance partnerships between the public and private sectors, the Ministry of Trade, through the Private Sector Development Council and the Private Sector Development Department, continues to implement a package of qualitative initiatives and effective measures aimed at advancing the national economy and stimulating sustainable growth."

He explained that "the measures taken include strengthening channels of joint dialogue between representatives of the public and private sectors to develop practical solutions to the challenges facing the business environment, reviewing and updating commercial and regulatory legislation with the aim of simplifying procedures and stimulating local and foreign investment,

in addition to launching programs to support small and medium enterprises and providing financing and training packages to support entrepreneurs."

Hanoun pointed to the possibility of supporting digital transformation and developing electronic services to facilitate commercial and investment transactions and enhance the principles of transparency and economic governance by publishing periodic reports on economic performance indicators and the business environment, creating an appropriate investment, legal, and financial climate for major partnerships, and encouraging quality investments in vital sectors.

He also stressed the importance of working hard to improve Iraq's ranking in international business environment indicators by implementing global best practices in facilitating the establishment of companies and protecting investors.

Hanoun affirmed that "the Ministry of Trade is committed to supporting the private sector and empowering it to be a key partner in building a diversified and sustainable economy and achieving comprehensive economic development that positively impacts citizens' lives."

He called for continued cooperation and integration between all state institutions and the private sector to create a competitive economic environment that contributes to stimulating growth and providing job opportunities.  https://www.mawazin.net/Details.aspx?jimare=263721

Basra Crude Prices Rise As Global Oil Market Rises

Friday, July 11, 2025 10:48 | Economic Number of reads: 222  Baghdad / NINA / The prices of Basra Heavy and Medium crude oil rose on Friday morning, with the global oil market rising.

Basra Medium crude oil recorded $71.68 per barrel, while Heavy crude recorded $68.58 per barrel, with a change of +0.42 for both.

Oil prices rose on Friday after US President Donald Trump said he would make an announcement regarding Russia, raising the possibility of imposing more sanctions on it, while concerns about tariffs and higher production from OPEC and its allies eased the gains.

Brent crude futures rose 19 cents, or 0.28%, to $68.83 per barrel by Friday morning, while US West Texas Intermediate crude futures rose 24 cents to $66.81 per barrel, an increase of 0.36%. https://ninanews.com/Website/News/Details?key=1240140

Gold Price Stability Reduces The Precious Metal's Weekly Decline.

Money and Business  Economy News - Follow-up  Gold prices stabilized after two days of gains, with traders focusing on US President Donald Trump's tariff threats and the outlook for US monetary policy.

The precious metal traded above $3,332 an ounce, after modest gains on Wednesday and Thursday that pared the weekly decline.

Trump this week proposed a package of tariffs targeting specific countries, including Canada and Brazil, with the implementation deadline postponed to August 1. He also plans to impose a large tax on copper imports.

Elsewhere, investors were assessing US interest rate expectations. Policymakers have kept borrowing costs unchanged this year, but divisions are emerging over the number of cuts likely in the second half.

San Francisco Federal Reserve President Mary Daly said she still expects two interest rate cuts, noting that the impact of tariffs on prices may be more moderate than expected. Low interest rates are typically supportive of gold.

Gold has risen more than 25% since the beginning of the year, reaching a record high of over $3,500 per ounce in April.

Trump's erratic efforts to reshape trade policies remain a constant source of concern for markets, boosting demand for safe havens amid concerns about the long-term impact on the global economy. This rally was supported by escalating geopolitical tensions and central bank buying.

Spot gold rose 0.3% to $3,332.31 per ounce at 8:32 a.m. in Singapore, while the Bloomberg Spot Dollar Index remained unchanged.  Silver and palladium prices rose, while platinum prices fell.
122 views   https://economy-news.net/content.php?id=57228

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

Seeds of Wisdom RV and Economic Updates Saturday Morning 7-12-25

Good Morning Dinar Recaps,

Fed Chair Jerome Powell Considers Resigning: What’s Next for Crypto?

Federal Reserve Chairman Jerome Powell is reportedly considering stepping down before the end of his term — a move that could significantly impact U.S. interest rate policy and trigger a new wave of momentum in the crypto markets.

Pulte Responds: “The Right Decision for America”

William J. Pulte, Chairman of the Board of Fannie Mae and Freddie Mac, responded publicly to the reports, expressing strong support for Powell’s potential resignation. Posting on his official X account, Pulte stated:

“I’m encouraged by reports that Jerome Powell is considering resigning. I think this will be the right decision for America, and the economy will boom.”

While Powell has not officially confirmed any plans to resign, multiple sources have pointed to growing friction between the Fed and the Trump administration as a likely catalyst.

Policy Divide: Powell vs. Trump

The tension between Fed Chair Powell and President Donald Trump has escalated in recent months. Trump has repeatedly called for aggressive interest rate cuts, arguing that a looser monetary policy is necessary to match the current strength of the U.S. economy.

In a recent TruthSocial post, President Trump stated:

“Tech Stocks, Industrial Stocks, Nasdaq hit all-time highs! Crypto is through the roof, Nvidia is up 47% since Trump tariffs. The USA is taking in hundreds of billions of dollars in tariffs... The Fed should rapidly lower rates to reflect this strength.”

However, Chair Powell has resisted such demands, warning that recent tariffs could actually increase inflationary pressure and that monetary policy should remain cautious, especially in the face of a weakening U.S. dollar.

Market Implications: Rate Cuts & Crypto Surge

Should Powell resign, President Trump would likely appoint a successor aligned with his pro-growth, low-rate agenda. Analysts believe this would increase the likelihood of multiple rate cuts before the end of 2025, providing an additional tailwind for risk-on assets.

Crypto markets have already entered a bullish phase, bolstered by expanding global liquidity and easing monetary conditions. Additional rate cuts could accelerate this momentum significantly.

The potential leadership change at the Fed represents more than a political reshuffle — it could become a pivotal event for both traditional financial markets and the digital asset ecosystem.

@ Newshounds News™
Source: Coinpedia   

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BIS Research Finds Tokenized Government Bonds Have Tighter Spreads

The Bank for International Settlements (BIS) has released new research indicating that tokenized government bonds—while still a small slice of the overall bond market—are demonstrating significantly tighter bid-ask spreads and potential advantages in liquidity, issuance efficiency, and accessibility.

Key Findings From the BIS Bulletin

The BIS analyzed 15 tokenized bonds issued by sovereigns, supranational institutions, and government agencies, totaling $1.9 billion—a fraction of the estimated $80 trillion global government bond market.

Improved Liquidity:

• Mean bid-ask spread on tokenized bonds: 19 basis points

• Mean bid-ask spread on traditional bonds: 30 basis points

The tighter spreads suggest superior liquidity and possibly more efficient price discovery for tokenized instruments.

Why Are Tokenized Bonds More Liquid?

The research points to several contributing factors:

• Integration with Central Securities Depositories (CSDs): Tokenized bonds issued via integrated platforms are more easily accessible to institutional investors.

• Investor experimentation: Anecdotal evidence suggests that investors are showing active interest in these digital instruments.

• Lower minimum investment thresholds:

• Tokenized bonds average: $110,000

• Conventional bonds average: $185,000

Lower entry costs broaden the investor pool and support tighter spreads.

Yields and Premium Pricing

While some tokenized bonds have traded at premium prices—implying lower yields—the BIS cautions that the evidence remains idiosyncratic, with no definitive trend yet established.

“The jury is still out” on whether tokenized bonds offer consistent yield advantages.

Advantages of Digital Bond Issuance

Tokenized or “digital-native” government bonds present a range of potential benefits:

• Faster settlement and reduced counterparty risk through Delivery vs Payment (DvP) models

• Smart contract automation to reduce servicing and back-office costs

• Lower issuance thresholds, encouraging broader market participation

• Potential collateral use, which could open significant liquidity channels (though this remains restricted in most jurisdictions)

Challenges and Outlook

Despite the upside, the BIS highlights critical hurdles:

• Regulatory uncertainty, especially regarding collateral eligibility

• Lack of platform scalability and the need for robust infrastructure

These challenges must be resolved for digital bonds to realize their full potential.

Cost Savings Potential

German tokenization platform Cashlink also weighed in, suggesting digital bonds—especially international and long-term issuances—could reduce costs by up to 1.2% of issuance value over an eight-year bond’s lifetime, primarily due to savings in asset servicing.

Conclusion

The BIS bulletin reinforces the growing appeal of tokenized bonds for both issuers and investors, pointing to better liquidity, lower entry barriers, and operational efficiencies. While still early-stage, the findings support continued interest in digital asset infrastructure—particularly as regulatory frameworks evolve and adoption scales.

@ Newshounds News™
Source: Ledger Insights   

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Shanghai Officials Signal Openness to Stablecoins Despite China’s Crypto Ban

In a surprising shift, Chinese state officials in Shanghai are reportedly showing openness toward stablecoin development, signaling a potential divergence from the country’s broader ban on cryptocurrencies.

Strategic Shift in Shanghai

According to Reuters, the Shanghai State-owned Assets Supervision and Administration Commission (SASAC) convened a high-level meeting to discuss strategic responses to digital currencies and stablecoins. Following the meeting, SASAC Director He Qing urged stronger engagement with emerging technologies and deeper research into digital currency frameworks.

“We must demonstrate greater sensitivity to emerging technologies,” He Qing posted on the SASAC’s official channel.

This discussion follows growing domestic pressure from academics and private industry to explore a yuan-backed stablecoin that could compete globally.

China’s Central Bank Joins the Conversation

The People’s Bank of China (PBOC) is also starting to engage in the global stablecoin conversation. In June, PBOC Governor Pan Gongsheng acknowledged that stablecoins represent a transformative shift in global payments infrastructure, especially given the influence of U.S. dollar-backed assets such as Circle’s USDC.

In response to this shift, China’s Securities Times, a state-run outlet, published an editorial on June 23, stating that “the development of stablecoins should be sooner rather than later.”

Hong Kong: A Potential Testing Ground

Due to tight capital controls in mainland China, direct implementation of a yuan-backed stablecoin appears unlikely—for now. However, PBOC adviser Huang Yiping has floated the idea of using Hong Kong’s offshore RMB market to test the concept.

“Hong Kong has an offshore market for the renminbi. If it continues to develop, we could see a stablecoin pegged to the offshore RMB in Hong Kong,” Huang stated.

This would allow China to compete in the international stablecoin arena while avoiding the political and regulatory risks of allowing such assets within its mainland borders.

Conclusion

While China continues to enforce one of the world’s strictest bans on crypto trading and mining, signals from Shanghai authorities, the PBOC, and state media suggest a strategic reevaluation is underway. A yuan-backed stablecoin, launched via Hong Kong, could emerge as a controlled yet competitive response to Western-led digital currencies—particularly those advancing under U.S. financial policy.

@ Newshounds News™
Source: Cointelegraph

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MilitiaMan & Crew: Iraq Dinar News- Economic Landscape-ICC-WTO- Fedwire Funds ISO

MilitiaMan & Crew:  Iraq Dinar News- Economic Landscape-ICC-WTO- Fedwire Funds ISO

7-11-2025

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

In today’s video, we dive deep into the fascinating world of the Iraqi Dinar! Discover how this currency is intertwined with Iraq's rich gold reserves, and what impact these reserves have on the national economy.

We’ll also explore the significance of the National Card in Dinar, a crucial financial tool for citizens.

But that’s not all! We’ll discuss the role of the International Chamber of Commerce (ICC) in promoting trade and investment in Iraq, which influences global perceptions of the Iraqi economy.

We’ll also mention that there is the Federal Supreme Court of Iraq and its pivotal decisions regarding economic policies that may shape the dinar’s revaluation that solves key national issues.  

To wrap it all up, we’ll delve into the court decisions may come the same day as the Fedwire ISO 20022 back wall for global bank integrations on 07/14/2025

ISO 20022 is a modern messaging standard that plays a vital role in international transactions, including those involving the Iraqi Dinar.

How does this system affect currency exchange and banking operations? You’ll find out!

Join us for an informative and engaging discussion that connects currency, law, and international commerce in Iraq.

Timestamps:

 00:00 - Intro

01:30 - Overview of the Iraqi Dinar

 04:15 - Iraq's Gold Reserves Explained

07:50 - The National Card in Dinar

10:20 - Role of the ICC in Iraq's Economy

13:45 - Insights from the Federal Supreme Court

 16:30 - Understanding Fedwire ISO 20022 20:00 - Conclusion and Q&A

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

The Dollar's Worst Year Since 1973 Explained!

The Dollar's Worst Year Since 1973 Explained!

Taylor Kenny:  7-10-2025

The mighty U.S. dollar, long the undisputed king of global finance, has just suffered a truly jarring setback: its worst start to the year since 1973.

 This isn’t just a statistical blip; it’s an echo of a tumultuous past, signaling that the very foundations of the dollar’s dominance may be cracking under unprecedented strain.

The year 1973 marked a watershed moment in financial history. The chaos that ensued from President Nixon’s decisive decoupling of the dollar from gold, famously ending the Bretton Woods system, plunged global markets into uncertainty.

 Back then, the dollar was ultimately “saved” through a strategic re-alignment, most notably the petrodollar agreement which cemented its role in global oil trade, and a series of aggressive interest rate hikes that shored up its value.

But this time, the world is different, and the traditional lifelines appear to be absent or insufficient. There’s no grand oil deal on the horizon to re-anchor the dollar, nor does it seem politically or economically feasible for central banks to hike rates aggressively enough to counteract the immense pressures building up.

So, what are these pressures that make the current situation far more perilous than its 1973 precursor?

These converging forces lead to a stark conclusion: the “great fiat experiment” – the system of unbacked paper currencies that has defined global finance since 1971 – may be entering its final, most challenging phase.

Without the discipline of a commodity backing like gold, or the unwavering global demand previously underpinned by geopolitical stability and economic dominance, the dollar’s current trajectory raises profound questions about the future of the international financial system itself.

The implications are far-reaching, potentially ushering in a new era of economic instability, rapid inflation, or even a reordering of global financial power. Understanding these complex dynamics is no longer a niche interest; it’s crucial for anyone navigating today’s uncertain economic landscape.

For a deeper dive into these critical insights and what they could mean for your financial future, we highly recommend watching the full video from ITM Trading with Taylor Kenney. Taylor offers invaluable perspectives and detailed analysis on these seismic shifts in the global financial order.

CHAPTERS:

 0:00 Dollar Index

1:28 Petrodollar

2:43 De-Dollarization

4:23 Gold’s Rise

6:15 Currency Lifecycles

8:16 Real Tangible Wealth

https://www.youtube.com/watch?v=kfxKOfm-PDI

FED PLAN LEAKED: Treasury To Revalue Gold To 40,000 To Solve US Debt TSUNAMI!

FED PLAN LEAKED: Treasury To Revalue Gold To 40,000 To Solve US Debt TSUNAMI!

Financial Wisdom:  7-11-2025

0:00 - Introduction: Discussing potential gold revaluation to address U.S. debt

 0:33 - Government's ability to monetize gold revealed

1:00 - Exploring the Federal Reserve's recent report and internal operations

1:58 - Federal Reserve's manual and its implications

2:24 - Federal Reserve document on gold certificate accounts

2:54 - Reference to Forbes article discussing gold revaluation

3:41 - The U.S.'s gold reserves and their value

 4:05 - Explanation of Treasury’s gold certificates and the Fed’s role

 5:37 - Treasury’s authorization to monetize gold

6:11 - How the Treasury and Fed interact through gold certificates

7:00 - Using gold certificates to pay off U.S. debt

7:31 - Potential impact of monetizing gold on Treasury debt

8:17 - Reserve banks and settlement vehicles in the Fed manual

 9:03 - Confirming monetizing gold is a feasible strategy

9:43 - Example balance sheet from Federal Reserve

10:07 - The Fed’s balance sheet and monetizing treasuries

10:55 - The importance of gold certificates as an asset

11:33 - Legal feasibility of monetizing gold

12:05 - Impact of gold revaluation on U.S. debt

12:31 - Discussing the debt-to-GDP ratio and its effects

13:25 - Concerns about rising debt and interest payments

13:48 - Proposed solution: Revaluing gold to reduce debt

14:15 - The theory behind debt sustainability at lower ratios

14:59 - The potential consequences of gold revaluation on inflation

16:05 - Impact of $5 trillion in new cash from gold revaluation

 17:08 - Inflation and the potential effects on nominal GDP

17:30 - Calculating the gold price needed to reduce U.S. debt

18:20 - How the government could buy gold at $20,000 per ounce

19:03 - Role of the Fed in setting a floor price for gold

20:08 - The Fed’s minimal intervention in buying gold

 21:28 - Potential inflation from revaluing gold

22:34 - Main takeaway: Gold monetization is a legal and realistic solution

23:00 - Fact-checking the proposal with Federal Reserve documents

https://www.youtube.com/watch?v=Soo8orRvjDk