3 Money Habits That Can Help You Stay Ahead — Even If a Recession Hits
3 Money Habits That Can Help You Stay Ahead — Even If a Recession Hits
Gabrielle Olya Fri, July 11, 2025 GOBankingRates`
Although most experts believe we’ll be able to steer clear of a recession this year, many Americans are still worried about the possibility of an economic downturn. A recent survey conducted by Talker Research and Affirm found that 58% of Americans believe a recession is still inevitable and 77% have changed how they manage their finances as a result of ongoing economic conditions.
If you’re feeling anxious about what’s ahead, you’re not alone — and you’re not powerless. Here are three practical, expert-backed strategies to help you recession-proof your finances and feel more in control, no matter what the economy does next.
3 Money Habits That Can Help You Stay Ahead — Even If a Recession Hits
Gabrielle Olya Fri, July 11, 2025 GOBankingRates`
Although most experts believe we’ll be able to steer clear of a recession this year, many Americans are still worried about the possibility of an economic downturn. A recent survey conducted by Talker Research and Affirm found that 58% of Americans believe a recession is still inevitable and 77% have changed how they manage their finances as a result of ongoing economic conditions.
If you’re feeling anxious about what’s ahead, you’re not alone — and you’re not powerless. Here are three practical, expert-backed strategies to help you recession-proof your finances and feel more in control, no matter what the economy does next.
Understand the Fine Print Before You Borrow
There’s no shortage of payment options to use when making a purchase, from paying with cash to using a credit card or a buy now, pay later service. If you’re opting for one of the latter two options, make sure you know exactly how future payments will work.
“It’s smart to choose payment options that deliver clarity — like fixed terms, no hidden fees and no compounding interest,” said Vishal Kapoor, SVP of product at Affirm.
According to the survey, 41% of Americans say predictable payments are especially important, and nearly half (49%) seek out options with no surprise fees.
Choosing transparent, fixed payment plans makes it easier to manage your money, avoid surprise costs and stay on track financially.
Limit Financial Anxiety by Avoiding Economic Noise
It’s easy to get into a panic state about the economy when you’re inundated with social media and news sources telling you a recession is on the way.
“Stay informed … but not overwhelmed,” Kapoor said. “Understanding the economy can help you make smarter decisions, but too much noise can lead to unhelpful worrying.”
Instead of doom-scrolling, stick to trusted sources like the Federal Reserve and other reputable news outlets, and focus on what you can control rather than what you can’t.
Build a Flexible Budget and Plan for the Unexpected
Make moves now that will set you up for success in the future — no matter what that looks like. This includes making moves like saving up an emergency fund.
“Planning a few ‘if-then’ scenarios can make your finances more resilient,” Kapoor said. “Make sure your payments align with your cash flow and that you have some flexibility built in.”
TO READ MORE: https://www.yahoo.com/lifestyle/articles/3-money-habits-help-stay-110213902.html
Evening News with MarkZ, joined by Dr. Scott Young. 07/17/2025
Evening News with MarkZ, joined by Dr. Scott Young. 07/17/2025
Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. Be sure to consult a professional for any financial decisions
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
Evening News with MarkZ, joined by Dr. Scott Young. 07/17/2025
Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. Be sure to consult a professional for any financial decisions
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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Gold revaluation to $15'000. Here's the secret plan. The USA is about to monetize its gold.
Gold revaluation to $15'000. Here's the secret plan. The USA is about to monetize its gold.
Clive Thompson: 7-17-2025
The USA Government holds 261.5 million ounces of gold.
Based on the statutory price of $42.22 the value of the gold is around $11 billion.
However, at the current market piece of around $3350 the gold is worth $862 billion. But with a new statutory price of $15'000 it would wipe out the current year deficit and reduce the national debt.
Gold revaluation to $15'000. Here's the secret plan. The USA is about to monetize its gold.
Clive Thompson: 7-17-2025
The USA Government holds 261.5 million ounces of gold.
Based on the statutory price of $42.22 the value of the gold is around $11 billion.
However, at the current market piece of around $3350 the gold is worth $862 billion. But with a new statutory price of $15'000 it would wipe out the current year deficit and reduce the national debt.
I this video, I will present the evidence as to that this is being considered and tell you how you can know when it's abot to happen.
More News, Rumors and Opinions Thursday PM 7-17-2025
Ariel : The Genius Act Ladies and Gentlemen is on the Mark
The Genius Act Ladies & Gentlemen
On The Mark
For IQD holders dreaming of Forex glory, this Act turbocharges RLUSD’s adoption on the XRP Ledger, burning XRP per transaction and spiking demand experts predict it could pull $3.5 trillion into crypto, paving a regulated path for IQD’s global revaluation by bridging fiat to digital assets in cross-border trades.
So you all should be very excited about this development.
Ariel : The Genius Act Ladies and Gentlemen is on the Mark
The Genius Act Ladies & Gentlemen
On The Mark
For IQD holders dreaming of Forex glory, this Act turbocharges RLUSD’s adoption on the XRP Ledger, burning XRP per transaction and spiking demand experts predict it could pull $3.5 trillion into crypto, paving a regulated path for IQD’s global revaluation by bridging fiat to digital assets in cross-border trades.
So you all should be very excited about this development.
With RLUSD now a Tier 2 regulated powerhouse, US investors get safer, institutional-grade access to IQD plays imagine your dinar holdings exploding in value as the Act crushes CBDC competition, unlocking remittances and payments that could reinstate IQD at historic highs, turning patient holders into overnight millionaires.
Coin Telegraph: NOW: Trump says the GENIUS Act will be passed tomorrow after speaking with all holdouts today.
Source(s):
TNT::
Tishwash: Iraq's cash reserves and the need to reflect them on daily life
Whether Iraq's foreign exchange reserves rise or fall, they dominate the news and financial reports about the national economy. The latest announcement was that it reached $106.7 billion in its treasury, but these reserves are deposited outside the country.
It occupies third place in the Arab world after Saudi Arabia and the Emirates, and surpasses Kuwait, Qatar, and Egypt. Meanwhile, gold reserves exceeded 163 tons, which makes Iraq fourth in the Arab world after Saudi Arabia, Lebanon, and Algeria.
However, the largest part of the reserve is located in American banks, and the government has no absolute control over its use except within narrow and marginal limits, and it is not moved except with the approval of the American Treasury. That is, it is not available to the Iraqi government to dispose of it as it sees fit and to implement its economic plans.
Development in any country is measured by the quality of services provided to its citizens, including electricity, water, education, and health. All of these services require funding to improve them, build new ones, and overcome the backwardness that plagues them. Development is measured not by hoarded, frozen gold, but rather by its use in achieving sustainable development.
These attractive resources and others require a stable, unvarying political environment and climate, and a solid system of government, in order to exploit the vast resources, activate the national economy, and build a transparent competitive environment for foreign companies to invest in Iraq. It is necessary to reform the existing political authority and the legal structure of the state, and to eliminate corruption and the requirements of honest responsibility, in order to make Iraq a profitable market in reality.
There is an urgent need to invest this reserve to secure the basics of living, create job opportunities for the unemployed, rehabilitate idle factories, mechanize agriculture, and reduce inflation. Before all of this, appropriate means must be found to return it to full Iraqi control and use it in development and emergency projects without restrictions that undermine sovereignty.
This financial figure pleases the citizen, makes him valuable and makes him proud of his achievement when it is used to protect the dinar, stabilize the exchange rate, end the so-called parallel market, support prices and make them available to the people, build new factories, solve the crises that citizens suffer from, alleviate their suffering and the exhaustion of their income, and raise their standard of living on all levels. In short, his country should be among the countries that possess such capabilities.
This huge cash reserve is in a state of constant danger and is subject to American policy, which can prohibit its use at any time and is subject to sanctions, the least of which is freezing or even confiscation, at the moment of independent action or divergence from American policy.
Hence, it is necessary to work to ensure that the largest possible amount of it is under full and absolute Iraqi sovereignty, and that it is transformed into sustainable development projects, and that it is diversified and within the framework of the possibilities for disposing of it. We have the experiences of major and more influential countries that have what enables them to defend their rights and how they suffer from keeping their reserves abroad, controlled by the United States. link
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Militia Man I invested in the Iraqi dinar because of my experience in the past when I was trading gold stocks and such. A good friend shared with me something. He says, 'Hey have you ever heard of the Iraqi dinar?"...I said, no. He said, 'Well, why don't you do me a favor? Will you study it for me and see what you think?" I said sure I'll do that...I found from the IMF a brief description of Iraq's currency. Back in those days it was around $3.22...Just like gold and silver and precious metals, I believe Iraq is going to be asset forming...
Walkingstick There are no sanctions on Iraq anymore in any way, shape or form. There are no sanctions. You have the IMF today giving permission for Iraq to do whatever they want to do with their exchange rate...The IMF has confirmed what is going on inside of the CBI and...inside of Iraq...The handcuffs on their currency is gone. That's why you're seeing all of this now being said...Now, they're still in transition legally and that's ok because we can keep them under our wing and protect their currency... But there are no active restrictions that remain right now on the CBI or their currency.
Rick Rule: Dollar Purchasing Power To Decline ‘75%’ Over Next Decade
David Lin: 7-17-2025
Rick Rule, Founder and CEO of Rule Investment Media, argues that the dollar’s purchasing power is eroding—signaling 1970s-style stagflation—so he’s betting on gold, select miners, and undervalued Canadian energy over “slaughterhouse” bonds, while prepping the launch of his high-interest, gold-friendly Battle Bank.
0:00 - Intro.
0:56 - Tuesday’s CPI report
4:25 - Impact on dollar
6:08 - Gold
12:30 - The “everything” rally
15:18 - Finding value in trades
22:42 - Gold bull run analysis
28:20 - Silver and gold correlation
29:48 - Copper
31:41 - Long term commodities
33:49 - What would Rick like to see Canada do?
36:08 - Banking
38:05 - Battle Bank
40:19 - Profitability of the bank
41:45 - Lessons for a new bank
Seeds of Wisdom RV and Economic Updates Thursday Afternoon 7-17-25
Bank of America Eyes Stablecoins to Help Move Trillions in Client Transactions
Bank of America (BoA) has confirmed that it is actively exploring the use of stablecoins to modernize its payment infrastructure, potentially transforming the way trillions of dollars in client funds are transferred through its systems daily.
During BoA’s Q2 2025 earnings call, CEO Brian Moynihan discussed the bank’s initial strategy around stablecoin integration, revealing that the focus is currently on using stablecoins as a transactional mechanism—a notable shift for one of the world’s largest financial institutions.
“We believe that if they [clients] want to use stablecoins to move part of that money, they’ll move,” Moynihan said, referring to stablecoin rails that facilitate dollar- and euro-based transactions.
Bank of America Eyes Stablecoins to Help Move Trillions in Client Transactions
Bank of America (BoA) has confirmed that it is actively exploring the use of stablecoins to modernize its payment infrastructure, potentially transforming the way trillions of dollars in client funds are transferred through its systems daily.
During BoA’s Q2 2025 earnings call, CEO Brian Moynihan discussed the bank’s initial strategy around stablecoin integration, revealing that the focus is currently on using stablecoins as a transactional mechanism—a notable shift for one of the world’s largest financial institutions.
“We believe that if they [clients] want to use stablecoins to move part of that money, they’ll move,” Moynihan said, referring to stablecoin rails that facilitate dollar- and euro-based transactions.
From Exploration to Execution
BoA has been researching stablecoin usage since early 2025, with Moynihan reiterating the bank’s readiness to move forward pending regulatory clarity. The institution has reportedly discussed the possibility of joint stablecoin issuance in partnership with JP Morgan and Citigroup.
“We’ve done a lot of work. We’re still trying to figure out how big or small it is… So you’d expect us all to move,” Moynihan noted.
Though the CEO emphasized the exploratory nature of the current effort, he acknowledged stablecoins' potential to streamline financial movement at scale, especially in areas where traditional rails underperform or lack efficiency.
Stablecoin Market Momentum Continues
BoA’s interest comes amid rapid market expansion and a regulatory push to formally define the role of fiat-pegged digital assets in the U.S. financial system:
Stablecoin transaction volume exceeded those of Visa and Mastercard combined in 2024.
Total market capitalization has soared to $257 billion, nearly doubling since early 2023.
Tether (USDT) and Circle’s USDC together account for over 85% of that total.
Industry experts increasingly regard stablecoins as the "default settlement layer" for digital commerce and cross-border financial exchange.
Legislation as a Catalyst: GENIUS Act Faces Delay
The GENIUS Act, a sweeping bill that would establish a federal framework for stablecoin issuance and compliance, has been a key enabler for traditional banks like BoA to move forward. The bill passed the Senate in June with bipartisan support, but encountered a procedural roadblock in the House this week.
Despite the delay, House leadership has signaled that the GENIUS Act could receive a floor vote by Thursday, marking a potential turning point for U.S. banks seeking to enter the stablecoin sector under clear rules.
Mixed Q2 Earnings Amid Strategic Shift
BoA also reported mixed financial results for Q2:
Net income rose 3% to $7.12 billion, beating expectations.
Revenue increased 4% to $26.61 billion, though slightly below forecasts.
As competition heats up and stablecoins become central to next-gen finance, Bank of America’s cautious but deliberate entrance into the space signals that the tokenization of traditional banking services is no longer theoretical—it’s underway.
@ Newshounds News™
Source: Cointelegraph
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Tether in Trouble as GENIUS Act Targets USDT — Is a Market Collapse Ahead?
Crypto analyst Jacob King is raising alarms about what he describes as the potential “bloodiest event in Bitcoin’s modern history,” warning that the GENIUS Act could effectively lead to the ban of Tether (USDT) and spark a devastating collapse across the broader crypto market.
The GENIUS Act—currently gaining momentum in Congress—aims to regulate stablecoins, but King claims the legislation puts Tether directly in the crosshairs, threatening the entire structure of Bitcoin liquidity and trading volume.
Tether Printing Sparks Alarm
According to King, Tether’s recent minting of 160 billion USDT is a desperate attempt to inflate Bitcoin and crypto markets artificially. He argues that USDT is being “printed out of thin air” to prop up prices, a criticism that has long dogged Tether amid transparency concerns and accusations of insufficient reserves.
“Without Tether, people will realize how fake everything has been,” King stated.
King suggests that 85–90% of daily Bitcoin volume is dependent on USDT, a metric he argues underscores the fragility of the entire crypto ecosystem.
Institutional Outflows & Insider Moves
Further stoking fears, King cites a surge in ETF outflows this week as evidence that institutions are quietly exiting the market. He contends that major players are shedding Bitcoin positions while retail investors remain largely unaware of what’s happening behind the scenes.
King also accuses Tether insiders of dumping Bitcoin via OTC trades, insulating themselves ahead of what he claims is an inevitable collapse.
GENIUS Act: Regulation, Not a Ban
Despite the ominous outlook, the GENIUS Act does not outright ban Tether. Instead, it provides 18–36 months for existing stablecoin issuers to achieve compliance, offering a regulatory pathway rather than an immediate shutdown.
In fact, market data contradicts King’s thesis:
ETF flows have shown net inflows, not the “mass exits” King suggests.
Tether remains the dominant stablecoin, with over $100 billion in circulation, despite persistent scrutiny.
Ripple’s RLUSD and the Future of Stablecoins
As the GENIUS Act advances, new contenders like Ripple’s RLUSD may begin to take market share, particularly as regulatory clarity favors compliant, transparent issuers. If Tether falters under legislative pressure, Ripple’s offering could emerge as a leading alternative for institutional-grade stablecoin use.
Conclusion: Panic or Perspective?
While Jacob King's analysis has ignited debate, his claims—lacking concrete evidence—should be viewed as highly speculative. Still, his warnings highlight the precarious balance in a market heavily reliant on a few centralized stablecoin providers.
The GENIUS Act marks a turning point in U.S. crypto regulation. Whether it ushers in collapse or evolution depends on how both the industry and regulators respond in the months ahead.
@ Newshounds News™
Source: Coinpedia
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Trump’s Economic Nationalism Escalates, Pressures India and BRICS
President Donald Trump’s aggressive tariff strategy is intensifying economic tensions between the U.S. and the BRICS bloc, particularly India. Trump has announced a blanket 10% tariff on all BRICS member imports, along with a potential 200% levy on pharmaceutical products—a move that could spark a U.S.-India trade war and severely disrupt global supply chains.
Key Developments:
Trump announces 10% tariff on all BRICS bloc imports
200% tariffs proposed on pharmaceutical imports, targeting India’s key export sector
India exported $9.8 billion in pharmaceuticals to the U.S. in 2024–25, accounting for over 30% of Indian drug exports
BRICS dollar trade initiatives face rising pressure from U.S. trade protectionism
Indian copper exports and broader industrial sectors also threatened by tariff escalation
BRICS Under Economic Siege
Trump’s sweeping tariffs are not just economic measures—they represent a symbolic strike against the BRICS alliance, which has grown into a major counterbalance to U.S. economic hegemony. BRICS accounts for 32% of global GDP and over 40% of the world’s population. Many BRICS members are actively working to reduce dependency on the U.S. dollar, a shift that threatens longstanding U.S. advantages in global trade.
According to data from the Office of the United States Trade Representative (USTR), U.S. imports from BRICS nations totaled $886 billion in 2024. A 10% tariff across the board would impose $88 billion in additional duties, potentially slowing BRICS economic growth and disrupting dollar decoupling initiatives. India, a key BRICS member and strategic U.S. partner, is now caught between bloc solidarity and bilateral dependency.India’s Pharmaceutical Sector in the Crosshairs
The proposed 200% tariff on pharmaceutical imports directly targets India’s export strength. In 2024–25, India shipped $9.8 billion in pharmaceuticals to the U.S., a 21% increase year-over-year. These exports account for more than 30% of India’s total drug exports, supplying critical medications across various segments of the American healthcare system.
The tariffs could raise drug prices dramatically, impacting millions of Medicare and Medicaid recipients, especially in high-demand states like Texas, California, and Florida. This cost shock could reshape the political landscape, as vulnerable populations feel the squeeze of U.S. protectionism in the most sensitive area—healthcare.
Strategic Trade War Implications
Trump’s tariff escalation marks a turning point in global trade strategy, especially for India. A proposed 50% tariff on Indian copper exports threatens $360 million of industrial shipments to the U.S., undermining producers in states like Gujarat and Tamil Nadu. The broader $150–200 billion India–U.S. trade proposal now faces deep uncertainty.
India has made clear that it will not offer further concessions, signaling a hardened position in trade negotiations. The economic fallout from these tariffs could accelerate BRICS efforts to bypass the U.S. dollar and deepen intra-bloc cooperation in supply chains, technology, and trade infrastructure.
BRICS May Emerge More United
While the U.S. may be aiming to weaken BRICS influence through punitive trade measures, the effect could be the opposite. Instead of fracturing the alliance, Washington’s economic aggression may galvanize BRICS unity, especially on initiatives like alternative payment systems, blockchain integration, and currency de-dollarization.
India’s delicate position—balancing historic ties with Washington and its growing role within BRICS—could force major diplomatic recalibrations across Asia, Africa, and Latin America.
@ Newshounds News™
Source: Watcher Guru
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Massive Wealth Transfer Accelerates as They Inflate the Illusion
Massive Wealth Transfer Accelerates as They Inflate the Illusion
Taylor Kenny: 7-17-2025
The illusion of prosperity is wearing thin. As inflation quietly steals your purchasing power, the largest wealth transfer in modern history accelerates—by design.
This video exposes how government-backed “counterfeiting” inflates away your savings and enriches the elite.
If you think the dollar’s collapse is a future threat, think again—it's already underway.
Massive Wealth Transfer Accelerates as They Inflate the Illusion
Taylor Kenny: 7-17-2025
The illusion of prosperity is wearing thin. As inflation quietly steals your purchasing power, the largest wealth transfer in modern history accelerates—by design.
This video exposes how government-backed “counterfeiting” inflates away your savings and enriches the elite.
If you think the dollar’s collapse is a future threat, think again—it's already underway.
Some “Iraq News” Posted by Clare at KTFA 7-17-2025
KTFA:
Clare: Iraq cabinet approves Baghdad-Erbil recent deal to resolve Kurdistan salary and oil disputes
7/17/2025
SULAIMANI, Kurdistan Region —The Iraqi Council of Ministers, in an extraordinary session on Thursday, approved a landmark understanding reached between Baghdad and Erbil to resolve the Kurdistan Region’s salary and oil disputes, and decided to release funds to cover public sector salaries for May.
Under the agreement, the Kurdistan Regional Government (KRG) will supply 230,000 barrels of oil per day to Baghdad, while retaining 50,000 barrels for domestic use. It will also transfer 120 billion dinars in monthly non-oil revenues. In return, the federal government will disburse salaries and financial entitlements to the Region.
KTFA:
Clare: Iraq cabinet approves Baghdad-Erbil recent deal to resolve Kurdistan salary and oil disputes
7/17/2025
SULAIMANI, Kurdistan Region —The Iraqi Council of Ministers, in an extraordinary session on Thursday, approved a landmark understanding reached between Baghdad and Erbil to resolve the Kurdistan Region’s salary and oil disputes, and decided to release funds to cover public sector salaries for May.
Under the agreement, the Kurdistan Regional Government (KRG) will supply 230,000 barrels of oil per day to Baghdad, while retaining 50,000 barrels for domestic use. It will also transfer 120 billion dinars in monthly non-oil revenues. In return, the federal government will disburse salaries and financial entitlements to the Region.
A source from the KRG Council of Ministers told Zoom News that Thursday’s agreement is preliminary, with a final comprehensive deal expected within 90 days. Both governments aim to sign a broader accord to settle all outstanding issues.
The source added that the KRG will transfer 240 billion dinars to Baghdad for May and June non-oil revenues ealry next week, marking the first step in fulfilling its commitments under the deal.
Earlier on Wednesday, the KRG Cabinet approved the agreement and decided to implement its terms, including the federal government’s obligation to send the Region’s salaries and financial entitlements.
The dispute escalated after the Iraqi Ministry of Finance withheld funds in late May, citing that the KRG exceeded its federal budget share for 2023–2025. As a result, nearly 1.2 million civil servants, retirees, and security personnel in the Kurdistan Region have gone unpaid since May 14, exceeding 70 days. LINK
Ryan1216: Was A agreement reached on salaries and oil resumption. Seems like it was from reading the article.
Clare: YES! IMO
Ryan1216: Thank you Clare. Looks to be officially done. Hopefully we can get the new rate quickly.
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Clare: Masrour Barzani announces an agreement to pay salaries to Kurdistan Region employees.
7/17/2025
Kursistan Regional Government Prime Minister Masrour Barzani welcomed on Thursday the agreement reached with the federal government in Baghdad to pay the salaries of the region's employees, calling for the payment of the entitlements of the people of Kurdistan without any problems or disputes.
Barzani said in a statement received by Shafaq News Agency, "After the Kurdistan Regional Government, out of concern for the public interest and to ease the burden on the citizens of Kurdistan, showed the utmost flexibility and fully implemented all its obligations, and after long efforts and dialogues, the Federal Council of Ministers announced today the reaching of a joint agreement between the regional and federal governments."
Barzani continued, "We welcome this step and look forward to the federal government taking the initiative to send the region's salaries and financial dues."
He added, "I have deep appreciation for the patience and steadfastness of the people of Kurdistan, and I thank all parties and entities that contributed and assisted in the efforts to resolve the salary crisis and have continued to support us."
He expressed his hope that "salaries and financial dues, which are a legitimate right of the people of Kurdistan, will be paid from now on without any problems or disputes, and that we will all work to resolve issues within the framework of the constitution and with full respect for the agreements concluded."
Regarding Kurdistan's security situation, Barzani called for "an end to attacks on the Kurdistan Region, especially those targeting oil fields. We hope the federal government will cooperate in identifying the perpetrators and taking the necessary legal action against them."
An informed source revealed details of a new financial agreement concluded between the federal government in Baghdad and the Kurdistan Regional Government on Wednesday, aiming to settle salaries, oil exports, and unify revenues.
The source told Shafaq News Agency that the agreement stipulates that the Kurdistan Regional Government will receive 240 billion dinars in revenues for May and June, at a rate of 120 billion dinars per month, in addition to delivering 230,000 barrels of oil per day to Baghdad, in exchange for the latter sending the salaries of the region's employees for those two months.
He indicated that the regional government will begin the process of handing over local revenues from border crossings, along with the agreed-upon amount of crude oil, as part of the implementation of the terms of the new agreement.
The source added that the next phase will witness meetings between joint technical committees to review and audit figures and statistics related to oil exports and imports, as well as to discuss the region's share of the federal budget.
For his part, an Iraqi government source said that the federal cabinet is awaiting the implementation of the Kurdistan Regional Government's pledges to resolve the current crisis.
He explained that the federal government is awaiting an official letter from the Kurdistan Regional Government to begin implementing the agreement by the relevant committees.
The Kurdistan Regional Government's Council of Ministers approved the new understandings with Baghdad during its session held yesterday morning, Wednesday.
The roots of the recent salary crisis between the federal government in Baghdad and the Kurdistan Regional Government (KRG) lie in ongoing disagreements over oil export mechanisms and the unification of public revenues. This is a long-standing crisis that resurfaces from time to time, but it has significantly worsened since May 2025, when the federal government refused to send salaries to KRG employees.
Baghdad justified the delay in disbursement by Erbil's failure to deliver the agreed-upon quantities of crude oil (230,000 barrels per day) and its failure to transfer non-oil revenues from internal ports to the state treasury, which the federal government considered a violation of previous agreements included in the three-year federal budget law (2023-2025).
For its part, the regional government confirmed that it is facing technical and political difficulties in delivering the full amount of oil, especially given the ongoing suspension of oil exports via the Turkish Ceyhan pipeline since March 2023. This suspension stems from an international arbitration ruling against Turkey in the oil export dispute with Iraq. This has forced Erbil to rely on domestic exports to meet its financial needs. LINK
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Clare: Prime Minister's Advisor: Economic and disciplinary factors behind exchange rate stability and dollar decline
7/17/2025
The Prime Minister's financial advisor, Mazhar Mohammed Salih, confirmed that the decline in the "dollarization" phenomenon and the stability of the Iraqi dinar exchange rate are due to a combination of crucial economic and disciplinary factors.
Saleh explained, in a statement to Al Furat News Agency, that "the disciplinary factors were represented by tightening control over the circulation of the dollar in domestic transactions and completely prohibiting its use in local settlements and payments, in accordance with the law.
He pointed out that these measures included bank deposit mechanisms for real estate transactions, which were previously the focus of demand for cash dollars, and the dinar replaced them with remarkable success.
He noted that this success is credited to the Central Bank of Iraq and its monetary policy, despite the criticism it faced. Saleh added that the exchange rates in the parallel market would have been in line with the official markets, had it not been for the recent geopolitical tensions in the Middle East, which caused a difference of 142 dinars per dollar."
Foreign trade financing and monetary strengthening mechanisms
The financial advisor explained that "one of the most important success factors that led to the decline in the parallel market's strength is the direct financing of small traders' foreign trade from official dollar outlets at a rate of 1,320 dinars per dollar, without the need for intermediaries. He pointed out that small traders' imports constitute more than 50% of Iraq's total foreign market trade."
Saleh did not fail to point out that the mechanisms for Iraqi banks' foreign currency cash consolidation with correspondent banks have become easier as an alternative to the Central Bank's window and previous platforms, which were abolished at the beginning of the year. He emphasized that these mechanisms have proven successful in ensuring the official exchange market dominates the entire market for foreign transfers at the fixed exchange rate of 1,320 dinars per dollar.
Trade Policy and the Use of Electronic Payment
Saleh also emphasized the role of trade policy, which intervened for the first time by opening giant shopping centers and expanding into this area (hypermarkets), describing it as a "price defense policy in favor of the official exchange rate," and weakened market demand for financing some of its trade from the parallel market, which had become "highly costly."
Finally, the financial advisor noted the growing public trend toward widespread use of electronic payment cards funded at the official exchange rate (1,320 dinars), which has become "one of the modern travel customs and traditions in Iraq." He added that travelers now receive a share of cash dollars when traveling, subject to very transparent and strict controls.
From.. Raghad LINK
Clare: The Central Bank to Al-Maalouma: There are no concerns about salary disbursements, and cash liquidity is available.
7/17/2025 Information / Baghdad...
Financial expert and member of the Central Bank of Iraq's board of directors, Ahmed Brihi, confirmed on Thursday that media reports of a cash liquidity crisis affecting salary disbursements are inaccurate and contain significant exaggerations and misinformation. He emphasized that salary disbursements are safe and currently face no risks.
In a statement to Al-Maalouma, Brihi said, “The repeated talk on some satellite channels about the existence of a cash liquidity problem and its impact on salary delays is not based on reality, but rather includes unjustified exaggerations.” He pointed out that "salary delays - if they exist - are often due to technical and administrative reasons, and have nothing to do with a lack of liquidity."
He added that "the concept of cash liquidity is sometimes misunderstood," noting that "the issue is not a shortage of cash available to the government, but rather sometimes relates to providing new revenues to the federal budget or activating borrowing mechanisms, whether domestic or foreign."
Brihi pointed out that "government payment procedures are proceeding normally, and there are currently no concerns regarding the disbursement of salaries." LINK
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Clare: Al-Harki: The Baghdad-Erbil understandings may pave the way for the enforcement of an oil and gas law.
7/17/2025 Information / Baghdad..
Patriotic Union of Kurdistan (PUK) member Ahmed al-Harki affirmed on Thursday that reaching solutions to the outstanding disputes between the federal government and the Kurdistan Regional Government is in the interest of both parties and could pave the way for rebuilding trust and enacting a transparent and clear oil and gas law.
“Everyone, whether in Baghdad or Erbil, now realizes that resolving chronic disputes is the best option for both parties,” Al-Harki told Al-Maalouma. He noted that "the upcoming agreements could establish a relationship based on rights, duties, and transparency, even though past experience has proven that temporary solutions do not address the roots of crises."
He added, "Agreeing on these issues could be a starting point for lasting understandings, despite the difficulty of reaching radical solutions at this time."
He concluded by saying, “The period following the current parliamentary session may witness the drafting of a new oil and gas law, after everyone realized that mutual understanding is the best path, even if it begins with temporary solutions.” LINK
The Banks Are Running Scared As Silver Surges | Andy Schectman
The Banks Are Running Scared As Silver Surges | Andy Schectman
Liberty and Finance: 7-16-2025
Dunagun Kaiser and Andy Schectman discuss the current state of the silver market, highlighting unprecedented stress and a potential disconnect between paper futures and physical prices.
Schectman points to record-low silver inventories at the LBMA, soaring lease rates, and commercial banks holding the largest short position in COMEX history as evidence of a tightening physical market.
The Banks Are Running Scared As Silver Surges | Andy Schectman
Liberty and Finance: 7-16-2025
Dunagun Kaiser and Andy Schectman discuss the current state of the silver market, highlighting unprecedented stress and a potential disconnect between paper futures and physical prices.
Schectman points to record-low silver inventories at the LBMA, soaring lease rates, and commercial banks holding the largest short position in COMEX history as evidence of a tightening physical market.
They also touch upon the broader economic landscape, including the dollar's decline despite high interest rates, and the strategic accumulation of physical precious metals by sophisticated investors and BRICS nations, which is seen as a long-term play to potentially de-dollarize the global financial system.
Thursday Coffee with MarkZ. 07/17/2025
Thursday Coffee with MarkZ. 07/17/2025
Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Good Morning all……crazy how quiet it is everywhere..
Member: It’s time to end this movie and move forward with the Golden Age. Any news Mark?
Thursday Coffee with MarkZ. 07/17/2025
Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Good Morning all……crazy how quiet it is everywhere..
Member: It’s time to end this movie and move forward with the Golden Age. Any news Mark?
MZ: It’s a slow news day today….but that leaves us time to answer some questions.
MZ: We are seeing some craziness on aggregating professional sites with fluctuating rates and pairings. It’s the pairings and pairing rates that are really unique. It they are accurate we may be looking at a rate of $5 or so……IF they are accurate.
Member: What is a pairing rate?
MZ: Pairing rates are where they are paired with another currency or stablecoin. In that pairing they show a rate which is different right not than on official sites……We were seeing rates from $1.70 something to $5.60 something.
Member: On the tarmac Trump said “Aug 1st- you’re going to get a lot of payments…You’re going to be very happy….if you are a citizen of this country you will get a lot of money? What does he mean????
MZ: I hope he means a reset. I have a couple of DC beltway folks that watch this podcast regularly. And they told me give Trump a few weeks and things will be clear and we will be excited how it comes out. I hope that is accurate.
Member: so quiet on the bond side again?
Mod: IT WAS A SLOW NEWS DAY. NO NEW BOND UPDATES
MZ: My contacts in Iraq believe they will have an agreement next Tuesday or Wednesday on the cost of producing of about $16 and they think we will get a new rate for the budget tables…..that is hopeful. We will see….they have had these expectations before…..but those expectations are high again.
Member: Iraq is definitely the “Boy who cried wolf” .
Member: Militia Man had great news last night! He thinks we are very close
Member: Time for Sudani to get off his hiney and publish the exchange rate for his own people first of all.. and of course we are blessed by it too. Come on Sudani...
MZ: “Cabinet holds extraordinary session “ there was a terrorist style attack on an oilfield. There was a extraordinary session chaired by Sudani . Unknown the decisions that were made in this session. I do not have the details.
Member: MarkZ: “Kurdistan’s oil sector under attack:In 35 hours, 5 oil fields—including Tawke, Pishkhabur & Khurmala—were hit by drones. KRG says infrastructure suffered “heavy damage”
Member: the Central Bank of Iraq revealed that only 11 of the 24 private commercial banks licensed to operate have not faced any punitive measures...13 banks subject to sanctions.
Member: did we go over that The Iraqi government has approved the Baghdad-Erbil agreement and decided to release funds to pay the salaries of Kurdistan Region civil servants
MZ: I like this one: “Al-Fartousi: Port Revenues amounted to more than (630) billion dinars during the first half of this year” the development road project is just now launching. It is not yet complete but experts say it may surpass the income from the oil industry when its finished. This is huge
Member: We know their goal is to revalue and increase the purchasing power of the dinar. They have a checklist and they are checking things off as we watch,
Member: My bank says they are closing for a couple days at the end of July.
MZ: I wonder why? They already did all their software updates last weekend. ?
Member: My bank will have electronic shut down the 25 thru the 28
Member: I got an email from my bank saying they have a new system
Member: I think -when this finally happens, we will all be in shock to be honest. …we've waited so long. lol
Member: I tell my kids and friends that they don’t have to believe me but when it happens, remember who told them it would happen and tell me I was right and not crazy!!
Member: I pray this journey is coming to an end to let prosperity reign and bless the world
Member: Everyone have a wonderful day…..God Bless.
StacieZ joins the stream today. Please listen to the replay for here information
THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY
FOLLOW MARKZ : TWITTER . https://twitter.com/originalmarkz?s=21. TRUTH SOCIAL . https://truthsocial.com/@theoriginalm...
Mod: MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM
MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/
Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, medical opinions or many guests on this stream……just RV/currency related topics.
ZESTER'S LINK TREE: https://linktr.ee/CrazyCryptonaut
THANKS FOR JOINING. HAVE A BLESSED DAY! SEE YOU ALL TUESDAY THROUGH THURSDAY EVENINGS FOR NEWS @ 7:00 PM EST ~ UNLESS BREAKING NEWS HAPPENS! FROM NOW ON NO MORE NIGHTLY PODCASTS ON MONDAYS AND FRIDAYS
Seeds of Wisdom RV and Economic Updates Thursday Morning 7-17-25
House Republicans Pass Crypto Bills After Record 10-Hour Vote
In a historic procedural showdown, House Republicans passed three major cryptocurrency bills late Wednesday night, following a record-breaking 10-hour vote. The final tally came in at 217-212, clearing a major hurdle for crypto regulation in the United States.
Key Highlights:
House Republicans Pass Crypto Bills After Record 10-Hour Vote
In a historic procedural showdown, House Republicans passed three major cryptocurrency bills late Wednesday night, following a record-breaking 10-hour vote. The final tally came in at 217-212, clearing a major hurdle for crypto regulation in the United States.
Key Highlights:
Three major crypto bills advanced: the GENIUS Act (stablecoin regulation), the CLARITY Act (market structure), and the Anti-CBDC Surveillance Act
Longest procedural vote in House history, lasting from 1:19 PM to 11:04 PM ET
Final deal included a ban on Central Bank Digital Currencies (CBDCs) attached to the must-pass National Defense Authorization Act (NDAA)
The GENIUS Act could reach President Trump’s desk by Thursday
The CLARITY Act vote may happen next week, depending on scheduling
Procedural Drama and Compromise
The vote nearly failed to materialize.
Hardline Republicans from the House Freedom Caucus initially blocked the measure on Tuesday, arguing that the crypto bills didn’t go far enough to block a Federal Reserve-backed CBDC. Their concern centered on the GENIUS Act, which they feared might offer a “back door” for a CBDC—despite its explicit language restricting Fed authority.
House leadership reached a compromise on Wednesday by agreeing to attach the CBDC ban to the NDAA, a must-pass defense spending bill that routinely clears both chambers of Congress.
This shift allowed the more controversial CBDC issue to be separated from the GENIUS and CLARITY Acts, enabling the House to move both crypto-focused bills forward.
Overview of the Bills
GENIUS Act
Establishes a regulatory framework for stablecoins
Expected to receive a final House vote on Thursday
President Trump has indicated he may sign it into law before the weekend
CLARITY Act
Focuses on market structure and regulatory clarity for digital assets
Final vote anticipated next week, although Speaker Mike Johnson suggested it could occur as early as Friday
Anti-CBDC Surveillance Act
Prohibits the Federal Reserve from issuing or piloting a retail CBDC
Now incorporated into the NDAA, increasing its chances of passage
Internal Divisions and Political Positioning
Representative Marjorie Taylor Greene was the only Republican to vote with Democrats against the procedural rule, standing out in what was otherwise a party-line vote.
Representative Keith Self also voiced strong concerns, warning that the GENIUS Act could still enable a Federal Reserve CBDC despite language explicitly limiting such powers.
A letter circulated among House Democrats urged opposition to the package, questioning whether Republicans could properly implement the new policies and warning of legislative overreach.
What Comes Next
The House is expected to vote on the GENIUS Act on Thursday. If it passes, it will proceed directly to President Trump’s desk for signature.
The CLARITY Act could be voted on next week, though timing remains flexible.
The NDAA, now containing the CBDC ban, will follow its usual path through Congress and is expected to pass later this session.
Conclusion
This week’s developments mark a significant moment in U.S. crypto policy. With stablecoin regulation, digital asset market structure, and CBDC limitations now moving through Congress, lawmakers are positioning the United States for a new era of financial innovation—while drawing firm boundaries around central bank authority.
@ Newshounds News™
Source: CoinCentral
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Citi and JP Morgan Confirm Strategic Shift Toward Stablecoins and Tokenized Deposits
The Q2 2025 earnings calls for Citi and JP Morgan offered a revealing look into how two of the world's largest financial institutions are positioning themselves within the evolving digital asset ecosystem—particularly in the areas of stablecoins and tokenized deposits.
While both banks expressed different tones on the future of these technologies, each confirmed a growing commitment to active participation, driven in part by regulatory clarity and competitive pressure from fintechs.
JP Morgan: Expanding Its Digital Footprint Despite Skepticism
During the call, JP Morgan CEO Jamie Dimon acknowledged growing customer demand and said the bank would remain “a player” in stablecoins and tokenized banking—even as he voiced skepticism about their necessity.
“We’re going to be involved in both JPMorgan deposit coin and stablecoins — to understand it, to be good at it,” said Dimon. “I think they’re real, but I don’t know why you’d want a stablecoin as opposed to just payment.”
Still, the bank is moving ahead with its plans:
JPMD, its deposit token pilot on a public blockchain, is currently being tested with both direct clients and the clients of affiliated financial institutions.
Kinexys Digital Payments (formerly JPM Coin/Onyx), JP Morgan’s permissioned blockchain-based platform, continues to process over $2 billion in daily transactions across global branches.
Dimon also hinted at the possibility of a joint bank-issued stablecoin, similar in spirit to Zelle, though he declined to confirm specifics.
“That’s a great question, and we’ll leave it remaining as a question,” he quipped, acknowledging the broader fintech pressure. “The way to be cognizant is to be involved.”
Citi: Emphasizing Tokenized Deposits and Custody Solutions
Citi CEO Jane Fraser offered a more structured and optimistic view, laying out four areas of focus as the bank deepens its digital asset capabilities:
Reserve management for stablecoins
On/off-ramping between fiat and digital coins
Exploring issuance of a Citi-branded stablecoin
Tokenized deposit infrastructure and crypto custody
Fraser confirmed that Citi Token Services, launched last year, is now live in four jurisdictions and has already processed billions in transactions. She described tokenized deposits as a core strategic pillar for the bank’s future positioning in digital finance.
“This is a good opportunity for us,” Fraser concluded, noting the potential for custodial services and new issuance models.
Legislative Catalyst: GENIUS Act Nearing Final Passage
A major driver behind the renewed interest from U.S. banks is the pending federal legislation on stablecoins. The GENIUS Act, which recently passed the Senate, is expected to be voted on in the House this week. The Act would create a legal framework for the issuance, regulation, and integration of stablecoins, giving banks and fintechs a clear path forward.
With regulatory uncertainty beginning to lift, both Citi and JP Morgan are racing to develop internal infrastructure, offerings, and services that will allow them to capitalize on the shift toward tokenized finance and on-chain banking.
@ Newshounds News™
Source: Ledger Insights
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News, Rumors and Opinions Thursday AM 7-17-2025
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.
Restored Republic via a GCR: Update as of Thurs. 17 July 2025
Compiled Thurs. 17 July 2025 12:01 am EST by Judy Byington
Summary:
As of Thursday, July 17, 2025 – Reports circulating from sources aligned with the “Restored Republic via a GCR” movement indicate that the world is on the cusp of a monumental transformation, with a Global Currency Reset (GCR) and the reestablishment of a restored republic allegedly in its final, active stages.
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.
Restored Republic via a GCR: Update as of Thurs. 17 July 2025
Compiled Thurs. 17 July 2025 12:01 am EST by Judy Byington
Summary:
As of Thursday, July 17, 2025 – Reports circulating from sources aligned with the “Restored Republic via a GCR” movement indicate that the world is on the cusp of a monumental transformation, with a Global Currency Reset (GCR) and the reestablishment of a restored republic allegedly in its final, active stages.
The public is urged to “Be Prepared” for what is described as an imminent rollout of the Emergency Broadcast System (EBS), a 72-hour blackout, and a Ten-Day Global Shutdown.
Possible Timing:
On Sun. 6 July 2025 The Quantum Financial System (QFS) was now (allegedly) online, signaling the dawn of a sovereign, debt-free world.
On Monday, July 7, the U.S. Treasury and Department of Defense (allegedly) green lit final payouts under the Global Currency Reset.
On Friday, July 11 at 7:00 PM ET — the old Fedwire® FAIM wire format for bank money transfers ended permanently.
On Sun. 13 July night at 9:00 PM ET the ISO® 20022 standard went live. Any financial messages not compliant was now rejected, as new digital rails took over with precision-timed data flows.
On Mon. 14 July at 8:33 PM EST (Tues. 15 July 2025 at 03:33 UTC Universal Time), Operation Chrysalis (allegedly) launched. The global currency values quietly recalibrated — marking the final reset. Treasury quantum nodes took full control. Legacy banking systems went into read-only mode. Payment processors now have 11 milliseconds to handshake with the new system, or be frozen and flagged for forensic audit.
Mon. 14 July was the final migration day before all Banks and FedWire went live on ISO20022. The day before “Crypto Week” began as labeled by US President Trump.
On Tues. 15 July, the Emergency Broadcast System (allegedly) locked in. All frequencies shifted from 60Hz to 432Hz, signaling activation.
Redemption Centers were now (allegedly) opened worldwide. Citizens will be invited in to create their own secure QFS wallets through StarLink terminals.
Thurs. 17 July 2025 was rumored to be a celebration day for the new American Republic and Global Currency Reset.
On Fri. 18 July revalued currencies will(allegedly) be made public. Fiat (allegedly) collapses instantly. QFS wallets activate globally for Tier 5 (the people). Energy, food, and commodity values shift in real time. It’s the end of centralized debt slavery.
GESARA is officially (allegedly) launched: – Global debt wiped – Central banks absorbed – Deepstate wealth returned to the people – Patriot-controlled banking systems emerge
Aug. 1 2025 President Trump: “Payments to citizens start on Aug. 1. You’ll be very happy because you’re gonna get a lot of money.”
Global Financial Situation:
Tues. 15 July 2025: MONETARY WARFARE INITIATED: 10,000 BRICS Banknotes Printed — The Dollar Is Targeted and President Trump Is Preparing the Counterstrike – amg-news.com – American Media Group
Read full post here: https://dinarchronicles.com/2025/07/17/restored-republic-via-a-gcr-update-as-of-july-17-2025/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 If the salaries and the HCL is all tied to the oil and it's all found where? In the budget. The glue is a new exchange rate.
Militia Man Iraq has about $100 billion in reserves or more and they've got about 146 tons of gold and instead of being just oil they've got non-oil resources. All of that supports Iraq's real effective exchange rate into the future...
Walkingstick The HCL belongs to the Iraqi citizens. They get what's called a stipend, you get a little piece of it. But that little piece, along with the purchasing power...will make these Iraqi citizens very happy because the oil belongs to the Iraqi citizens...Iraqi citizens all have their own accounts so this stipend of the oil will be given to them. If they didn't have those bank accounts, they wouldn't be getting this oil...It is now digital.
BREAKING NEWS Drone Strikes in Northern Iraq
Edu Matrix: 7-17-2025
Breaking news unfolds as the morning sun rises over northern Iraq, only to be disrupted by the chilling hum of drones above the vital oil fields of Zakho.
Dramatic explosions at the Tawke and Peshkabir facilities send black smoke billowing into the sky, forcing an immediate shutdown as workers race to safety.
As the day progresses, chaos escalates with drone strikes hitting the Baadre field and engulfing Sarang in flames, igniting fury across the region.
Accusations fly as the Kurdistan Regional Government decries these strikes as “terrorist attacks,” linking them to Iran-backed militias.
With the fragile balance of power in Iraq at stake, the threat looms large. Witness the unfolding turmoil and the human cost behind these devastating strikes.
OUTLINE:
00:00:00 Sunrise Over Oil Fields
00:00:34 Attacks on Baadre and Sarang
00:01:00 Accusations and Denials
00:01:33 Global Markets vs. Local Impact
00:02:00 Tensions and Uncertainty
