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Here's an article/with video of GCR interests... The Global Dollar Dump...The Start Of The GCR? Treat as a rumor. Not verified. Your opine. David Lin: The Global Dollar Dump Explained...Start of a Currency Reset? VIDEO. ARTICLE: In a world drowning in economic uncertainty, knowing where to anchor your portfolio is vital. Recently, David Lin sat down with Peter C. Earle, Director of Economics & Economic Freedom at the American Institute for Economic Research (AIER) & author of Gold in Uncertain Times, for a profound discussion on the current economic landscape. Earle didn’t mince words. He argues that the major financial challenges we face today—from government overspending to geopolitical friction—are not temporary bumps in the road, but signals of a fundamental structural shift. His core message? The soaring price of gold is not a speculative anomaly; it is a direct reflection of the terminal decline of fiat currencies, including the USU. For years, skeptics have dismissed gold’s movements as emotional trading or fear-driven speculation. Earle strongly refutes this. He states explicitly that the current strength in gold prices is not a bubble, but a response to deep, systemic pressures. Gold’s renewed importance stems from the unlimited monetary discretion exercised by central banks & governments. When currencies are debased through massive debt accumulation & money printing, gold—which cannot be created by legislative fiat—reasserts its historical role as the ultimate store of value. The Key Distinction: This isn’t a temporary flight-to-safety; it’s a structural realization that fiat currencies are losing their purchasing power & crucially, their credibility as a reliable anchor in global finance. While central banks often point to inflation or interest rates as the primary hurdles to growth, Earle isolates the major impediment as pervasive uncertainty. When businesses lack clarity about future costs or market access, they hoard cash rather than deploy it for growth. This stagnation stifles productivity & economic expansion far more effectively than monetary tightening alone. The conversation also tackled recent volatility in technology stocks & cryptocurrencies, contrasting the current environment with historical speculative manias. Earle acknowledges that while some overvaluation exists—echoing sentiments from analysts like Ray Dalio—the foundational strength of today’s tech giants differentiates them significantly from the dotcom bubble of the early 2000s. Today’s major tech firms possess proven profitability, dominant market share & robust business models. However, policy proposals aimed at restructuring global economic power remain a source of substantial concern. Earle expressed pointed skepticism regarding the so-called “Mar-a-Lago Accord,” a proposed framework focused on using tariffs, Treasury market adjustments, Dollar devaluation & treaty renegotiations to restructure US economic power. He highlighted the inherent risks of such a strategy, particularly the challenge of deliberately managing currency value. Attempts to devalue the Dollar unilaterally often lead to competitive devaluation—a race to the bottom where other nations respond by weakening their own currencies, ultimately creating chaos rather than stability. A significant portion of the interview was dedicated to the historical function of gold & the possibility of returning to a gold-backed system. Earle views the abandonment of the gold standard as the critical moment that removed the essential “guardrail” against governmental excess. Historically, gold provided fiscal & monetary discipline by forcing governments to limit their debt & the money supply. They could only spend what they had access to in gold reserves. Who benefits from moving away from this discipline? Those interests that thrive on discretionary monetary policy & unlimited borrowing. Given the current trajectory of massive debt accumulation & weakening fiat currencies globally, Earle believes gold’s role will only grow—not just as an investment hedge, but potentially as a key metric for economic valuation moving forward. Facing this uncertain landscape of structural shifts and policy unpredictability, Peter C. Earle offered clear, actionable advice for investors: Hedge against monetary debasement by holding real assets that retain value regardless of currency fluctuations. Gold& silver remain the premier choices in this category. In an environment where central banks are continually fighting inflation & interest rates remain elevated, excessive reliance on debt amplifies risk & vulnerability. Invest in skills and knowledge that are resilient to economic downturns and structural unemployment shifts. Personal competence is a powerful form of economic insurance. Earle’s final caution is for investors to maintain vigilance. Watch the signals, pay attention to the structural shifts & recognize that the economic dynamics of the next decade will likely be fundamentally different from the last. Google key words in title to bring up VIDEO at source.

Here's an article of GCR interests... De-Dollarization Is Reaching 100%. Treat as a rumor. Not verified. Your opine. Lena Petrova: De-Dollarization Is Reaching 100%, Russia & China Bypass The West Entirely. ARTICLE: For nearly a century, the USD has reigned supreme, the undisputed king of global finance. It’s been the bedrock of int'l trade, the primary reserve currency & the go-to for settling accounts across borders. But beneath the surface of this perceived stability, a silent revolution is underway—a phenomenon known as “dellorization.” This isn’t a planned coup or a sudden uprising. Instead, it’s a gradual, market-driven adaptation, heavily accelerated by geopolitical shifts & ironically, the very Western sanctions designed to assert financial power. We’re witnessing a fascinating transformation, particularly evident in the rapidly deepening financial partnership between Russia & China. The catalyst for this accelerated shift was undeniably the extensive sanctions imposed on Russia following the 2022 UKraine conflict. These severe restrictions, which saw Russia largely cut off from Western-dominated financial infrastructures like the USD Euro systems, forced a radical re-evaluation of its economic strategy. The response has been swift & decisive: a strategic pivot eastward, with China emerging as Russia’s largest trading partner& primary buyer of its oil. The numbers speak volumes: Russia’s Finance Minister Anton Siluanov recently announced that a staggering 99.1% of trade settlements between Russia & China now occur in their local currencies—the Ruble & Yuan. This isn’t just a statistic; it’s a powerful statement of financial independence, effectively bypassing the very systems that Western sanctions sought to control. This trend isn’t confined to Moscow & Beijing. It’s part of a broader movement among nations worldwide—especially within the BRICS bloc (Brazil, Russia, India, China, South Africa) & other regional alliances like ASEAN & the Shanghai Cooperation Organization. Their goal? To reduce dependence on the USD, insulate themselves from potential future sanctions & mitigate financial shocks. This shift represents more than just a tactical move; it’s a profound philosophical & practical change. Nations are prioritizing economic resilience & financial sovereignty, seeking to diversify away from traditional Western financial hubs like Washington, London & Brussels. While the momentum for dellorization is undeniable, the path to a truly multipolar financial world isn’t without its challenges. The political & economic diversity among BRICS members, for instance, means not all nations share the same urgency or capability to decouple from Western economies. The US, naturally, has signaled its readiness to resist these efforts through sanctions & tariffs, aiming to protect the Dollar’s dominance. However, historical precedent suggests that currency dominance follows economic power shifts gradually. The Russia-China trade milestone is a key indication that we might be witnessing the early stages of a new era in global finance—one marked by complexity, multipolarity & a strong emphasis on economic sovereignty. The weaponization of the Dollar, while powerful in the short term, may ultimately be accelerating its long-term decline by prompting viable alternatives to emerge. As more nations seek to control their own financial destinies, the global financial landscape is set for a fascinating & complex evolution.

The Dollar Reset Has Begun: U.S. Is Quietly Engineering Its Own Devaluation | Hibbard & Schectman ARTICLE: Andy Schectman, Founder & CEO of Miles Franklin Precious Metals, speaks with Alan Hibbard, Alternative Money Specialist at GoldSilver.com, about the dollar’s next chapter – a deliberate U.S. devaluation to reshore manufacturing and reset the global monetary order. Hibbard explains why Washington needs a weaker dollar, how gold is quietly being re-monetized, and why central banks are front-running the shift to a new, gold-backed system. They also explore the potential unification of gold and Bitcoin communities, the Genius Act’s stablecoin strategy, and the physics of money itself. In This Episode Of Little By Little: -Why the U.S. may be engineering a weaker dollar to reshore manufacturing. -How central banks and BRICS nations are accumulating gold for a new monetary system. -The possibility of Trump’s gold-backed Treasuries & a new Bretton Woods. -The Genius Act and synthetic demand for U.S. debt through stablecoins. Gold vs. Bitcoin: Why Both May Be Key To Ending The Fiat Era: Alan’s new series, “Hidden Secrets of Value”, revealing the energy physics behind sound money. 00:00 Coming Up... - 01:42 A Story About Mike Maloney. - 04:27 Discussion on U.S. Dollar & Manufacturing. - 07:36 Private Players & Tether's Role. - 11:26 Gold's Role in the New Monetary System. - 15:03 Bitcoin vs Gold: Bridging the Communities. - 18:33 Recapitalizing Balance Sheets with Gold & Bitcoin. - 27:50 Alan Hibbard's Six-Part Series: Hidden Secrets of Value. Google key words in title to bring up VIDEO at source. Luigi's two cents worth... Devaluation of the USD is not the end of the USD. The USD will no longer be the global currency of int'l trade & the Petroldollar is also dead. China & other nation's exports will Become more expensive. US Exports will become less expensive. This could bring about a resurgence of manufacturing in the US. The US will be more able & equipped to compete on the world stage. This will make the USD rock solid sound along with being asset backed. We are entering into a new era. The China Yuan may become the preferred global currency, replacing the USD. With any global currency dominance come many other problems. The US is not dead & will come back stronger & better more than ever. The future is bright as we leave the Rothchild central banking system behind us. IMHO.

Here's some articles of Dinarian interests... Direct From The SANDBOX Report. Liberation From Dollar Restrictions Marks A New Beginning For The Iraqi Banking Sector. Treat as rumors. Not verified. Your opine. FROM IRAQI SOURCES: Liberation From Dollar Restrictions Marks A New Beginning For The Iraqi Banking Sector. ARTICLE: Financial & banking expert Mustafa Hantoush affirmed that the Iraqi banking sector is on the cusp of a new phase, moving towards liberation from Dollar-based transactions. He stressed that this requires comprehensive & fundamental reforms to modernize the banking infrastructure & enhance its efficiency. Hantoush stated that "approximately 90% of the Iraqi banking system remains subject to the restrictions imposed on Dollar transactions, due to the problems & suspicions the sector has witnessed in recent periods." He indicated that "recent indicators are positive & some banks are expected to begin gradually freeing themselves from these restrictions within the next three months." He added that "the banking sector still lacks genuine activity, as it needs to activate the deposit, lending & investment systems in an integrated manner, along with a review of regulatory standards in coordination with the CBI. "Hantoush called for "a shift towards full financial inclusion through diversifying banking services expanding the customer base, as well as strengthening cooperation with int'l banks & opening new correspondent banking channels that enable Iraqi banks to integrate into the global financial system." Hantoush concluded by emphasizing that "developing technical systems & simplifying procedures to serve the citizen represent the most important step in the reform process, as they are the basis for getting rid of the bureaucracy that hinders the progress of the sector & limits its ability to compete." Dollar Prices Fall Against The Dinar In Baghdad. ARTICLE: The ER of the USD against the Dinar fell on Sunday morning in Baghdad markets. The USD ER witnessed a decrease in the Al-Kifah & Al-Harithiya exchanges, recording 140,900 Dinars for 100 Dollars, while yesterday, Saturday, it recorded 141,000 Iraqi Dinars for 100 Dollars. The selling prices were stable in exchange shops and local markets in Baghdad, where the selling price reached 142,000 dinars for 100 dollars, and the buying price reached 140,000 dinars for 100 dollars. Iraq Leads Global Oil Deals In October 2025. ARTICLE: The largest oil deals in October 2025 witnessed unprecedented investment activity in the global energy sector, with agreements ranging from development and acquisition to regional expansion in petrochemicals and oil storage. According to the specialized global energy platform "Energy," the largest deals included significant activity in Egypt, which had the most prominent presence, as well as in Iraq, Algeria, Saudi Arabia, the UAE, Sudan, and Qatar, reflecting investor confidence in emerging markets. The agreements, memoranda of understanding, and partnerships signed as part of the largest oil deals in October 2025 demonstrated a diversity of objectives. Some focused on developing giant fields like Iraq's Majnoon field, while others aimed to support downstream and logistics industries in Egypt and the UAE. These moves reflect a clear trend in the region towards diversifying investments and strengthening energy value chains, making the largest oil deals in October 2025 a strong indicator of the return of investment activity in global oil markets. The Largest Oil Deals During October Were As Follows: -Iraq (deal to develop Majnoon field). -Algeria (a deal won by an Egyptian company). -Saudi Arabia (acquisition deal). -Qatar (two deals with Egypt). -The UAE (deal with Egypt). -Egypt (New Petrochemical Project). -Russia & Sudan (Agreement for Investment & Protection). Trump's Envoy Begins His Duties In Iraq. ARTICLE: US President Donald Trump's special envoy, Mark Savaya, announced on Sunday that he had officially begun his duties. Savaya said in a tweet that “thanks to the great leadership of President Donald Trump, Iraq is now back & I am on top of my job.” He added: “Let’s make Iraq great again!” Amid Caution In Global Markets, Gold Continues To Rise. ARTICLE: Precious metal prices remained relatively stable at the start of trading, with gold holding above the $4,000 per ounce mark, as investors awaited any economic or geopolitical developments that could affect the appeal of safe havens. The price of an ounce of gold settled at $4,002, while a gram of 24-karat gold reached approximately $128.70. Silver traded around $48.80 per ounce, while platinum recorded a price of $1,572 per ounce & palladium reached approximately $1,450 per ounce. This price stability comes amidst a cautious atmosphere prevailing in global markets, as investors await new indicators that may prompt them to increase or decrease their investments in precious metals, at a time when markets are experiencing increasing volatility due to political tensions & economic uncertainty.

Here's an article of GCR-NESARA interests... Will The US RV It's Gold Reserves Next? Treat as a rumor. Not verified. Your opine. Taylor Kenny: $1T Gold Reserve Signals Official U.S. Revaluation. ARTICLE: The U.S. gold reserve has just crossed the $1 trillion mark as gold prices surge past $3,800 per ounce. What does this mean for the USD, global markets & a potential official U.S. gold revaluation? The whispers are growing louder & they’re emanating from the hallowed halls of finance & even catching the attention of main stream media. A topic once relegated to niche economic circles – the potential for an official U.S. gold revaluation – is now a prominent discussion point. A recent video from ITM Trading, featuring Taylor Kenney, delves into the accelerating momentum behind this idea & the implications are, to put it mildly, monumental. As of October 1st, 2025, the gold market is painting a dramatic picture. Prices have already surged by nearly 50% year-to-date, pushing the shimmering metal towards the astonishing mark of $4,000 per ounce. This isn’t just a speculative bubble; it’s a symptom of deeper shifts in the global monetary landscape. And at the heart of this conversation lies an often-overlooked asset: the US’gargantuan gold reserves. Imagine this: the U.S. government, holding the world’s largest official gold reserves, has them on its balance sheet valued at a staggering – & frankly, absurd – $42.22 per ounce. This price hasn’t budged since 1973. Now, consider the immediate financial impact if these reserves were to be revalued at current market prices. It wouldn’t just add a few dollars; it would instantly inject over a trillion dollars into the UST’s balance sheet. But here’s where it gets even more compelling: the revaluation price could very well be significantly higher than the current spot price, amplifying that fiscal boost exponentially. This isn’t uncharted territory for the U.S. History buffs will recall President Roosevelt’s bold move in 1933. After confiscating gold bullion, he revalued it from $20.67 to $35 an ounce. While this effectively enriched the government, it also devalued the purchasing power of those holding paper currency. The ITM Trading video offers a crucial caveat: a similar revaluation today wouldn’t be a magic wand to fix all of America’s economic woes. However, its consequences for the USD the global monetary system would be profound & far-reaching. The bedrock of the current global financial system – the USDs status as the world’s reserve currency – is showing cracks. Across the globe, trust in fiat currencies is eroding. This has led to a surge in demand for physical gold, not just from retail investors but also from central banks & institutional players. Adding fuel to this fire is the increasing scarcity of physical gold. Practices like rehypothecation, where multiple claims are made on the same physical gold, have created a genuine shortage, further driving up demand & consequently, prices. The Federal Reserve is no longer on the sidelines of this discussion. They are actively exploring gold revaluation models, taking inspiration from countries like Germany, Italy & South Africa, which have undertaken similar revaluations in recent decades. While revaluing the U.S. gold reserves to the current spot price might seem like a drop in the ocean compared to the nation’s colossal debt, experts suggest the U.S. could choose a revaluation price far exceeding spot to maximize its fiscal advantage. The potential fallout from such a revaluation is staggering. It would effectively establish a much higher, undeniable floor for gold prices globally. This could accelerate the ongoing shift away from the USD as the dominant reserve currency, prompting other nations to further their De-Dollarization efforts. The implications could include the end of Dollar dominance, a meteoric rise in interest rates, rampant inflation & a significant decline in living standards for many. In such a scenario, ownership of physical gold would transition from a strategic investment to a critical tool for wealth preservation. The message from ITM Trading is clear & urgent: don’t wait for the revaluation to happen. The time to prepare is now. This means securing physical gold & silver. Understanding the different types of gold available & partnering with trusted dealers is paramount. To help navigate these complex waters, ITM Trading is offering a free guide on gold & silver, designed to equip investors with the knowledge needed to protect their wealth in an increasingly uncertain economic future.

Here's some articles of GCR-NESARA interests... The USD & The Gold Standard & What it Means. Articles with Videos. Treat as rumors. Not verified. Your opine. Dr. Scott Young: Confusion On What The Gold Back Standard Means To The USD. ARTICLE: The idea of a gold-backed Dollar isn’t just a historical footnote; it’s a recurring topic of debate, particularly in times of economic uncertainty & inflation. Proponents argue it’s a path to stability & fiscal discipline, while critics warn of its inflexibility in modern economies. But what exactly would a return to a gold standard entail & how would it impact your money? Let’s break down some of the most pressing questions surrounding a gold-backed Dollar. Currently, the USD operates as a fiat currency. Its value is not tied to a physical commodity but is instead based on the trust & confidence in the government that issues it. A gold-backed Dollar, on the other hand, would mean that every Dollar in circulation is redeemable for a fixed amount of gold. The government would hold a reserve of gold equal to the value of the currency it issues, theoretically preventing it from printing money without a tangible asset to back it. No, you would not “lose” your money in the sense of it being confiscated or disappearing. If the U.S. were to return to a gold standard, existing Dollars would likely be revalued or converted to reflect the new gold peg. The intent behind such a move is to stabilize the currency & its purchasing power over time, not to devalue current holdings arbitrarily. However a significant economic transition could lead to short-term market volatility or shifts in asset values. A gold standard wouldn’t “replace” the Dollar itself, but rather redefine its value & the rules governing its issuance. The Dollar would still be the unit of currency, but its value would be fixed to a specific weight of gold (e.g., $X per ounce of gold). This link would impose a strict discipline on the money supply; the government could only print more Dollars if it acquired more gold reserves. This fundamentally shifts the basis of the currency from government decree to a tangible commodity. The concept of a gold standard has garnered attention from various political figures, including President Donald Trump. While he has not explicitly endorsed a full return to a classical gold standard, members of his past administration & advisors have publicly discussed its merits & the potential for integrating elements of hard asset backing into the monetary system. This indicates an awareness & discussion of the topic within high-level political circles. Under a classical gold standard, the Federal Reserve’s role would be drastically curtailed. The Fed’s primary function currently is to manage the nation’s money supply and influence interest rates to achieve economic stability, full employment & moderate inflation. With a gold standard, monetary policy would become largely automatic & non-discretionary. The supply of money would be determined by the amount of gold reserves, effectively removing the Fed’s ability to engage in quantitative easing, set interest rates freely, or stimulate the economy by printing money. Proponents see this limitation as a “fix” that prevents inflation & government overspending. A decrease in the value or purchasing power of the Dollar is, by definition, inflation. When the Dollar buys less goods & services, prices for those goods & services rise. This is the core mechanism of inflation – too much money (or money that has lost value) chasing too few goods. Historically & under a classical gold standard, the UST (representing the executive branch of the government) would likely be the primary custodian of the gold reserves & responsible for issuing the currency. The Federal Reserve’s role would be significantly diminished, potentially becoming more of a regulatory body ensuring the fixed gold-Dollar ER is maintained, rather than an independent central bank setting monetary policy. This would represent a considerable shift of power from the Fed back to the elected government. A return to a gold-backed Dollar is a complex proposition with profound implications for the economy, government, and individual finances. It promises stability & limits on government spending, but at the cost of monetary policy flexibility needed to navigate economic downturns. For a deeper dive into these intricate details and further insights, watch the full video from Dr. Scott Young for further insights & information. Makori: Gold Revaluation Overnight? Why It Could Happen Under Trump. Michelle Makori, President & Editor-in-Chief of Miles Franklin Media, speaks with Matthew Piepenburg, Partner at VON GREYERZ, about whether the U.S. could be on the verge of a gold revaluation & why it could happen under a Trump administration. The two break down the Federal Reserve’s “quiet confession” about America’s debt crisis and fading trust in the USD. Piepenburg and Makori explore the deeper implications of this potential gold revaluation, why it’s a symptom of systemic desperation & how this ties into a looming monetary reset. They also dive into the Genius Act, backdoors to CBDCs, BRICS & De-Dollarization. In This Interview: -The Fed’s new paper detailing how nations have revalued gold reserves. -Lessons from FDR’s 1933 gold confiscation & Nixon’s 1971 shock. -Why debt desperation may leave no option but to revalue gold. -What a gold reset would mean for the Dollar, debt & global markets & fiat currencies collapsing together. Is This The Start Of A New Bretton Woods Moment Or A Last-Ditch Move To Save The Dollar? 00:00 Coming Up... 01:29 Introduction: US National Debt and Gold's Rising Value. 02:19 Federal Reserve's Research on Gold Revaluation. 05:12 Expert Analysis with Matthew Piepenburg. 06:38 Global Economic and Political Landscape. 18:36 Tariffs and US Economic Strategy. 28:58 Gold Revaluation: A Desperate Measure? 38:38 Mainstream Acceptance of Gold Revaluation. 42:03 Trump Administration's Gold Revaluation Plans? 46:33 The Debate on Gold Revaluation. 48:31 US Dollar's Decline and Global Rea. -The Triple Crisis: Stocks, Sovereign Debtctions. 52:47 Geopolitical Tensions and Economic Strategies. 01:02:35 Potential Outcomes and Global Reset. 01:21:04 Central Bank Digital Currencies: Control and Concerns. 01:23:19 Stablecoins: The Gateway to CBDCs? 01:33:11 The Debate on Bitcoin & Gold. 01:40:30 Existential Threats to Bitcoin & Gold. 01:48:31 Protecting Wealth. 01:54:45 Final Thoughts. NOTE: Google key words in tiles of both articles to bring up videos at sources.

Here's an article of NESARA interests... The Coming USD Devaluation. Treat as a rumor. Not verified. Your opine. Lena Petrova: USD Devaluation, Global Currency Collapse is Coming. ARTICLE: A financial storm of unparalleled magnitude is brewing, threatening to engulf the world’s largest economies in a crisis unlike any seen before. Drawing insights from a recent video by financial expert Lena Petrova, a sobering analysis reveals that the very nations considered the pillars of global finance—the G7—are teetering on the edge of a potential currency collapse, driven by crushing debt & rapidly rising interest rates. Unlike past financial crises, which were often confined to emerging markets or isolated nations, this looming threat originates from the core of the global financial system. The G7 nations—Canada, France, Italy, Japan, Spain, the UK & the US collectively referred to as the “D7” due to their daunting debt levels, find their government debts exceeding their entire Gross Domestic Product (GDP). The financial lifeline extended during the 2008 crisis & the 2020 pandemic, characterized by cheap and abundant borrowing, has now tightened into a financial noose. Interest rates, once near zero, have surged, making it exponentially more difficult for these highly indebted governments to service their colossal debts. This dynamic has created a “pressure cooker” in global credit markets, as investor confidence wanes regarding the ability of these nations to manage their liabilities without resorting to extreme measures. Should investor confidence evaporate, it could trigger a rapid sell-off in government bonds & currencies. Historically, currency devaluations have occurred, but they were largely isolated events. Today, the interconnectedness of the global financial system means a devaluation in one major economy could unleash a catastrophic domino effect. The G7’s central banks, intricately linked by holding each other’s currencies, amplify this risk; a crisis in one nation would inevitably ripple across all. One politically tempting, yet economically perilous, “shortcut” to managing debt is through massive money printing to inflate the debt away. However, as Petrova highlights, this path carries severe consequences: rampant inflation, a significant decline in living standards, a collapse of public & investor confidence & ultimately, a run on the currency. While central banks might attempt to defend their currencies by selling reserves, the effectiveness of this strategy is limited given that these reserves are often tied to each other’s currencies. A sharp fall in the U.S. dollar, the world’s primary reserve currency, would be particularly destabilizing. Other countries might feel compelled to devalue their own currencies to maintain export competitiveness, initiating a broad market sell-off & a painful revaluation of institutional portfolios globally. This scenario would severely impact bond markets worldwide. The Eurozone, with its shared central bank but disparate economic resilience among member states, is uniquely vulnerable to political tensions & financial instability in such a scenario. The International Monetary Fund (IMF) already projects slower global growth & tighter national budgets, exacerbated by rising trade tensions. While urgent structural reforms are desperately needed, they are politically challenging to implement. The sheer scale of the debt makes it impossible to simply “grow out of it,” and raising taxes or cutting spending is politically fraught. This leaves financial devaluation—either forced by market panic or a deliberate government action—as the most likely, albeit devastating, path forward. Lena Petrova’s analysis serves as a stark warning: a simultaneous collapse of the world’s most trusted currencies would be a historic & devastating event. The lessons from past financial upheavals underscore the urgency of understanding and preparing for this potential financial upheaval. This sobering assessment of the precarious financial position of the world’s largest economies & the cascading risks of high debt & rising interest rates demands immediate attention & proactive preparation. The potential fallout from a synchronized currency crisis in developed markets would be truly unprecedented & globally disruptive. Luigi's two cents worth: The GCR has been decades in the works. It's all part of the new game plan. A devalued USD is not the end of the Dollar & the end of the US. This is all about leveling out the playing field so no nation has an advantage over another. This is why Trump is pushing for a 1 to 1 global currency valuation. Strong currencies will devalue & weaker currencies will value. Trump recently stated he's in supports a weaker Dollar. Why? "It's prestigious the Dolar the the strongest currency in the world" "You make a lot more money with a weaker Dollar" he stated. Tariffs solve only part of the unfair trade solutions. We got to take a closer look at currency ER between nations & how they manipulate to their advantage. No more unfair trade imbalances. No more $Trillions leaving our shores due to it. Everyone will play fair & by the same rules. We enter a brand new age. IMHO.

Here's some articles of Dinarian interests... Direct From The SANDBOX Report. The CBI Denies Suspending Dollar Transactions At The Bank Of Baghdad. Treat as rumors. Not verified. your opine. 35 Iraqi Banks Are Under US Sanctions & "Marsad" Reveals How They Are Imposed. The Echo Iraq Observatory, which specializes in economic affairs, revealed on Wednesday that 35 of the 72 banks operating in Iraq are subject to US sanctions. The observatory stated, in a report received by Sumaria News, that banks operating in Iraq are divided between Iraqi, Arab & foreign assets, noting thatsanctions imposed by the UST Department on these banks prohibit transactions in Dollars. He explained that the latest bank to be sanctioned was the Baghdad International Bank, due to a "snitching" by its former managing director. He emphasized that this was done by sending an email to the UST Department, stating the bank's name, its illegal Dollar transactions & it's and cooperation with banned entities. He pointed out that the CBI responds to these American inquiries & in the event of a delay or failure to respond, the UST Department will issue sanctions against the bank in question. The CBI Confirms The Smooth Operation Of The Bank Of Baghdad. The Central Bank of Iraq confirms that the circulating news about the suspension of Dollar transactions at the Bank of Baghdad or the suspension of its foreign exchange reserves for external remittances is false, as the bank operates normally & smoothly in accordance with the instructions & regulations followed by the CBI. The Bank of Baghdad is considered one of the solid banks with solvency & soundness, which has made it an important part of the banking sector. SEE POST "The Central Bank Denies Suspending Dollar Transactions At The Bank Of Baghdad" The CBI Denies Suspending Dollar Transactions At The Bank Of Baghdad. The CBI denied, on Wednesday, the suspension of dealing in Dollars in the Bank of Baghdad, or the suspension of its foreign reinforcements for external transfers. The CBI confirmed in a statement: "The news circulating about stopping dealing in Dollars in the Bank of Baghdad, or the suspension of its foreign reinforcements for external transfers, is false. The bank is operating normally & smoothly in accordance with the instructions & controls followed by the CBI." He explained: "The Bank of Baghdad is one of the solid banks, which made it an important part of the banking sector." Oil Minister: Tomorrow We Will Resume Oil Exports Via Ceyhan, Turkey. Oil Minister Hayan Abdul Ghani inaugurated a number of oil station development & rehabilitation projects in Kirkuk province on Wednesday, while confirming that today or tomorrow we will resume oil exports via Ceyhan, Turkey. The minister told the official agency, "A number of oil station development & rehabilitation projects have been inaugurated in Kirkuk province," noting that "today or tomorrow we will resume oil exports via Ceyhan, Turkey, as we will export 80,000 barrels per day as a first phase after the agreement with the region." He added, "We were able to increase production at the wet oil station by 25,600 barrels per day," stressing that "the total capacity of the wet oil station north of Kirkuk has reached 90,000 barrels per day." Basra Heavy & Medium Crude Oil Prices Decline. Basra crude oil prices fell on Wednesday. Basra Medium crude oil recorded $69.34 per barrel, while Basra Heavy crude oil recorded $66.29 per barrel, with a change of -1.08 for both. This decline comes despite the rise in global oil prices, as Brent crude rose by 43 cents, or 0.6%, to reach $68.07 per barrel, and US West Texas Intermediate crude rose by 40 cents, or 0.6%, to reach $65.56 per barrel. The Ministry Of Planning Discusses With A UN Team The Draft Framework For Cooperation On Sustainable Development (2025-2029). The Int'l Cooperation Department at the Ministry of Planning held a joint meeting on Wednesday, which included representatives of the Ministry of Foreign Affairs & the UN team in Iraq, during which the discussion of the draft "Cooperation Framework" document for sustainable development between Iraq & the UN for the years (2025-2029) was completed. Saher Abdul-Kadhim, Director General of the Int'l Cooperation Department, said that "the meeting is part of a series of previous meetings that discussed the observations raised by both sides, with the aim of reaching a unified vision that reflects the nat'l priorities of the Iraqi government & enhances areas of future cooperation with UN agencies." He explained that "the current efforts aim to complete the final version of the document, in preparation for its official ratification & presentation for signature by both sides." Abdul-Kadhim indicated that "the signing of the document will be based on the decision of the Council of Ministers, which authorized Deputy Prime Minister & Minister of Planning, Mohammed Ali Tamim, to sign on behalf of the Iraqi government." He stressed that the "Cooperation Framework" document represents a strategic tool for organizing technical & development cooperation between Iraq and the UN, within the country's sustainable development priorities & in accordance with a development vision consistent with the National Development Plan 2024-2028 & the 2030 Sustainable Development Agenda.

Here' some articles of Dinarian interests... Iraq: Tightening Controls Are The Main Reasons For The Dollar's Decline. Treat as rumors. Not verifed. Your opine. TNT via Tishwash: Bilateral Meeting With China: Iraq Seeks To Strengthen Its Relationship With Its Neighbors, Especially Kuwait. PM Minister of Foreign Affairs Fuad Hussein affirmed on Monday that dialogue & negotiation are the best way to resolve regional disputes, noting Iraq's efforts to strengthen its relations with neighboring countries, particularly Kuwait. The Ministry of Foreign Affairs said in a statement received by Dijlah News that “Deputy PM & Minister of Foreign Affairs Fuad Hussein met on Monday with the Chinese government’s Special Envoy for Middle East Affairs, Zhai Jun, on the sidelines of the conference hosted by the United Nations on the Palestinian issue, at the headquarters of the Iraqi mission to the organization in NYC.” He added, "The meeting discussed bilateral relations between Iraq & China & exchanged views on the situation in the region, particularly developments in the Palestinian issue and the worsening humanitarian tragedy in Gaza." The statement added that "the minister highlighted Iraq's position on the ongoing events in Gaza," while expressing his thanks to China for "its supportive stance on Palestinian rights & its standing with the Palestinian people during the difficult circumstances they are experiencing." He pointed out that "Fuad Hussein reviewed Iraq's vision regarding the overall situation in the region" & while stressing that "dialogue & negotiation constitute the best way to resolve regional disputes," He pointed out that "Iraq seeks to strengthen its relations with neighboring countries, especially with the sisterly State of Kuwait, in a way that ensures the building of distinguished relations based on mutual respect & common interests." The statement quoted the Chinese envoy as saying that his country "supports Iraq's positions & balanced policies on regional issues," noting that "the two sides share identical views regarding the need to enhance regional stability & intensify joint efforts to achieve security & peace." Tishwash: Payment Of Dues In black Oil & Tightening Controls At Ports Are The Main Reasons For The Dollar's Decline. Economic researcher Manar Al-Obaidi reviewed 10 reasons behind the decline in the Dollar ER against the Dinar in Iraqi markets on Monday, stressing that they have collectively created an economic environment that has contributed to strengthening the Dinar's value. He pointed out that these reasons range from direct economic factors, such as deflation & a decline in spending, to procedural & regulatory factors, such as tightening border controls & traders' shift to the formal banking system, in addition to circumstantial factors related to the elections & the increasing number of expatriates. The ER of the Dollar against the Iraqi Dinar has witnessed a significant decline recently. This decline is due to a combination of intertwined economic & procedural factors, which vary in their impact but have collectively contributed to strengthening the Dinar. The most prominent of these factors are: 1- Economic contraction & declining consumer confidence: The uncertainty facing the Iraqi market due to the economic slowdown has led to a decline in individual & institutional spending confidence, negatively impacting overall demand & thus reducing the need for the Dollar as a catalyst for trade. 2- Stopping government investment expenditures: The government's focus on operating spending rather than investment has slowed economic activity. Since the General Budget is the primary driver of economic activity, reducing investment spending has reduced aggregate demand, including demand for the Dollar. 3- Tightening control over border crossings: Government measures to prevent smuggling & regulate relations with the Kurdistan Region have helped curb the phenomenon of overbilling, reducing the unreal demand for Dollars on the parallel market. 4- Merchants’ transition to the formal banking system: Markets have witnessed a large segment of traders entering the formal banking system & adopting the official Dollar ER through approved platforms, which has reduced trading volume in the parallel market & eased pressure on the Dollar. 5- Decline in re-export operations: The decline in re-export activity to neighboring countries has reduced demand for imported goods, which has directly impacted the need for Dollars to finance these trade transactions. 6- Settling the dues of major companies with petroleum products instead of cash: The government has settled part of its debts to foreign companies in black oil & naphtha instead of cash, reducing reliance on Dollars sold by the CBI & increasing their supply in the market. 7- Preparations for the electoral process: As the election season begins, campaign spending increases. This spending is often financed from Dollar reserves, which necessitates converting large amounts of these reserves into Dinars to cover campaign expenses, thus increasing the supply of Dollars. 8- Increase in the number of foreign visitors & arrivals: The increasing number of immigrants to Iraq has brought significant amounts of foreign currency into the local market, providing an additional source of hard currency outside of CBI sales & contributing to increased Dollar availability. 9- The cessation of illegal trade as a result of the closure of the border with Syria: The closure of border crossings with Syria has curbed smuggling & illegal trade, which was heavily reliant on Dollars on the parallel market, leading to a further decline in demand for the Dollar. 10- Decrease in the issued currency & withdrawal of part of it from the market: The CBI withdrew a portion of the Dinar money supply from the market, creating a double demand for the Iraqi Dinar against the Dollar. This balance in demand for the two currencies helped strengthen the value of the Dinar & raise its ER against the Dollar in the parallel market. Tishwash: Iraq Replaces The Dollar With Gold: A Yellow Shield Against Economic Storms. Economic expert Nasser Al-Kanani revealed on Monday (July 28, 2025) that Iraq's position as the Arab country with the largest gold purchases represents a strategic shift in the CBI's approach to enhancing the country's financial stability. Al-Kanani told Baghdad Today, "Iraq's purchase of more than 20 tons of gold in a single year, and its rise to 7th place globally in this field, reflects a calculated move by the CBI to protect the national economy from fluctuations in foreign currency prices, especially the Dollar." He pointed out that "gold is considered one of the safest reserve instruments, as it is not affected by fluctuations in the monetary market, unlike paper currencies. This gives Iraq a strategic advantage in confronting sudden crises and enhances confidence in its financial policies, both domestically & internationally." Al-Kanani explained that "this trend will positively impact the value of the Iraqi Dinar in the medium term. It will also contribute to the stability of the local market & reduce reliance on the Dollar, giving the CBI greater flexibility in managing monetary policy & achieving economic stability in light of current regional & global challenges.

Here's an article of Dinarian interests... Direct From The SANDBOX Report. The USD Approaches The Official Rate: A Real Reform Or A Temporary Trick? Treat as a rumor. Not verified. Your opine. FROM IRAQI SOURCES: The Dollar Approaches The Official Rate: A Real Reform Or A Temporary Trick? ARTICLE: In a move that suggests a "shift" in the government's policy toward the Dollar crisis, Mazhar Mohammed Saleh, the financial advisor to PM Mohammed Shia al-Sudani, revealed five factors that he said would lead to narrowing the gap. between the official and parallel rates, paving the way for what he described as a "matching" phase between the two rates. But The Most Important Question Is: Is what is happening real reform? Or is it merely "economic makeup" that masks a fragile reality? The official exchange rate, set by the CBI at 132,000 Dinars per $100, is now approaching the parallel market rate of 139,000 Dinars. This decline is viewed by some as a positive sign, while others view it as a "politicized" & temporary move to calm the street ahead of upcoming political & economic events. Five Factors Or Five Pressure Cards? The government's primary consideration is preventing dollarization, particularly in the real estate sector. While this may sound like a good move in theory, it raises questions about its implementation in a market teeming with informal transactions. The 2nd factor relates to transfers via global correspondent banks after the central bank window closed. However, Observers Question: Are these transfers truly available to everyone, or are they restricted to specific names & companies? The 3rd factor is the entry of small traders into the official transfer window, a step whose effectiveness on the ground is questioned by many due to the red tape & bureaucracy. The 4th factor revolves around the expanding use of electronic cards, a move that is hampered by technical infrastructure & a deeply ingrained cash culture. The 5th factor relates to what the government calls "price defense" through cooperatives, a policy that could return Iraq to the era of "ration cards,"amid doubts about its sustainability. Is The Difference Really Less Than 4%? Advisor Saleh's Statements That The Difference Detween The Two Rates Has Become "Merely A Transaction Cost" Open The Door To A Broad Economic Debate: -Can we speak of "convergence" while the parallel market persists? -Have the Dollar mafias truly been eliminated? -Or have their positions merely shifted? In Conclusion: Appeasement Or Radical Treatment? Achieving a unified ER is a legitimate popular & economic demand. However, without a comprehensive reform of the financial system, increased transparency in transfers & ensuring fairness in cash distribution, any decline in the parallel market may prove to be nothing more than a "warrior's rest" before another explosion. America Is Choking Off The Dollar In Iraq & The CBI Is Distributing It Only To "Close Associates" A source said that the Iraqi market is currently witnessing a severe shortage of cash Dollars, as a result of what he described as a “well-considered” move by the CBI, which decided to restrict Dollar transactions to a limited number of private & government banks, while preventing or restricting the flow of hard currency to exchange offices & open markets. According to the source, who spoke to Al-Mustaqilla on condition of anonymity, this measure is an extension of a previous US decision to halt cash Dollar transfers to Iraq. This decision is part of a regulatory effort aimed at controlling the flow of currency & preventing smuggling and money laundering, particularly after Washington identified Iraqi financial networks involved in suspicious transfers to countries subject to sanctions. Dollar Shortage Crisis In The Market: The absence of cash Dollars from the market has opened the door to a stifling liquidity crisis, leading to a decline in actual demand for the US currency & contributing to a depreciation of the ER on the parallel market. Yesterday, the Dollar ER recorded a significant decline, reaching 139,000 Dinars for every $100, compared to previous levels of more than 143,000 Dinars. However, this "drop" in price does not reflect economic improvement as much as it indicates a shortage of supply & a contraction in commercial activity in hard currency, at a time when a large segment of traders are turning to the Iraqi Dinar in the absence of the Dollar. Dimensions Of The American Decision: Washington's decision to halt the Dollar ER, while not officially announced as a punitive measure, is part of a series of pressures exerted by the UST on Baghdad to regulate the financial & banking sectors & prevent the flow of Dollars to countries such as Iran, Syria & Lebanon. These pressures have resulted in the inclusion of Iraqi banks on watch lists, the imposition of strict restrictions on foreign transfers & a reduction in the Dollar cash quota previously sent by air to Baghdad. Are We Facing A "Dollar Drying Up" Phase In Iraq? The facts indicate that Iraq has actually begun to enter a phase that can be called the “drying up of the cash Dollar,” a tactic with two objectives: -Internally: controlling the market & regulating the use of foreign currency. -Externally: appeasing Washington & avoiding sanctions or negative financial ratings. However, this approach requires radical reforms in the banking system & ensuring comprehensive financial coverage for citizens. Otherwise, the shortage could turn into a broader crisis that would disrupt the economy & return the market to a state of chaos & confidence in the currency. The US Has Stopped Sending Cash Dollars To Iraq. Is This The Beginning Of A Blockade? Private sources confirmed that the US has decided to completely halt cash Dollar shipments to Iraq, a move described as potentially the beginning of a "financial blockade" on some Iraqi banks involved in currency smuggling & money laundering. According to a source who spoke to Al-Mustaqilla on condition of anonymity, Washington's decision does not pertain to Iraq as a country, but rather targets specific banks suspected of involvement in suspicious Dollar transfers to countries subject to international sanctions. This has angered the UST, prompting it to tighten controls on Dollar movement within the Iraqi market. Sudden Drop In ER After The Decision: Remarkably, the US decision coincided with a significant decline in the Dollar ER in the Iraqi market. Experts interpreted this as a natural consequence of the restrictions on the circulation of cash & the prevention of its smuggling abroad. This led to an increase in supply in the local market and a temporary decline in its price. Government Shift Towards “Legal Dollarization” Separately, a banking source revealed that the Iraqi government has been relying on new mechanisms for disbursing salaries & conducting financial transactions for months. These mechanisms involve legal invoices processed through official banks and digital platforms linked to the global financial system. This is an alternative to the paper Dollar shipments previously transported into the country by air. The source indicated that this step represents a major shift in cash liquidity management in Iraq, making it difficult for suspicious entities to continue smuggling or manipulating the currency market. Is This The Beginning Of The Storm? The US decision raises many questions about the future of Dollar transactions in Iraq, especially in light of escalating regional tensions & Washington's tightening of financial sanctions. Are We Witnessing The Beginning Of A New Phase Of Int'l Restrictions On The Iraqi Economy? Or is this merely a technical measure against some violating banks? Source: New Digital Bank In Iraq Threatened With Int'l Sanctions Over Money Laundering. An informed source said that a new digital bank in Iraq, linked to a prominent political figure, faces int'l scrutiny & potential sanctions in the coming period due to serious financial cases related to money laundering & smuggling funds abroad. The source, who spoke on condition of anonymity, confirmed to Al-Mustaqilla's correspondent that investigations conducted by int'l & security agencies revealed the bank's involvement in suspicious financial transactions, most notably the issuance of fake bank cards used to transfer illegal funds outside Iraq. This has sparked widespread concern within the local & int'l banking community. These developments come amid mounting criticism of the Iraqi financial system, which suffers from weak oversight & is being exploited by some political parties to pursue personal interests at the expense of the national economy. The source confirmed that sanctions will be imposed on the bank in the coming period, which could open the door to broader investigations to uncover more suspicious financial networks inside & outside Iraq. This news raises serious questions about the transparency of the Iraqi financial sector & the possibility of achieving real reforms that put an end to the exploitation of political money among modern digital banks.

Here's an article of Dinarian interests...RE-POST. Direct From The SANDBOX Report. 30 Iraqi Banks No Longer Deal In Dollars. Treat as a rumor. Not verified. Your opine. FROM IRAQI SOURCES: Al-Mustaqilla Reveals: 30 Iraqi Banks No Longer Deal In Dollars. ARTICLE: Al-Mustaqilla publishes the full list: Banks banned from receiving Dollars by order of the CBI. Al-Mustaqilla today obtained an updated list of licensed private banks in Iraq that have been banned from dealing in Dollars by the CBI. This decision comes amidst uncertainty and the lack of official confirmation of the precise reasons that prompted the bank to ban these banks from Dollar trading. It is speculated that these banks are linked to US sanctions & other financial oversight concerns. Banks Prohibited From Dealing In Dollars Are: According to the official website of the CBI, the list included the following banks: - Middle East Iraqi Investment Bank. - Iraqi investment Bank.- Dar Al Salam Investment Group. - Babylon consumption. - Sumer Commercial. - Mosul Development and Investment. - Iraqi Federation. - Ashur International Investment. - Across Iraq for Investment. - Guidance Bank. - Erbil Investment & Finance. - Hammurabi's Commercial Code. - Elaph Islamic. - Kurdistan International Islamic Investment & Development. - Islamic Cooperation for Investment (under liquidation, prohibited from dealing in Dollars) - Islamic Giving for Investment and Finance. - Islamic Investment and Finance Advisor. - Islamic World Investment and Finance. - South Islamic Investment and Finance. - Islamic Arabic Bank. - Noor Al Iraq Islamic Investment and Finance. - Zain Iraq Islamic Investment and Finance. - International Islamic. - Islamic Finance Holding Company. - Al Ansari Islamic Investment and Finance. - International Islamic Trust. - Al Rajhi Islamic. - Islamic Paper for Investment and Finance. - Asia Iraq Islamic Investment and Finance. - Islamic Spectrum for Investment and Finance. - Islamic money for investment. Possible Reasons For Ban: To date, the CBI has not issued an official statement detailing the reasons for banning these banks from dealing in Dollars. However, financial sources and banking sector observers point to the possibility of a link between this decision & US or int'l sanctions on some of these institutions, in addition to potential violations related to: money laundering-smuggling hard currency illegal transfers. Failure To Comply With Financial Compliance & Banking Oversight Standards: The repercussions of the decision on the Iraqi economy. This ban comes at a time when the Iraqi economy is suffering from several pressures, including the decline in the value of the Iraqi Dinar & fluctuating Dollar prices in the local market, which could lead to: The complexity of transactions for companies & individuals dealing with these banks. Increased demand on the black market for dollar exchange, with the accompanying financial risks. Undermining confidence in the local banking system, especially among private banks facing the threat of sanctions. Calls For More Transparency: Economists believe the CBI should issue a transparent statement explaining the true reasons behind these decisions, along with a clear plan to address the financial issues related to the banks in question. Some MPs have also called for the formation of a parliamentary investigation committee to monitor the violating banks & ensure the protection of citizens' funds. In Conclusion: All eyes are on the CBI's next steps regarding banks banned from dealing in Dollars. Will additional sanctions be imposed, or are these merely temporary measures to regulate the market & improve financial oversight? What impact will this have on the stability of the banking system & the Iraqi economy in general?

Here's an article of GCR interests... The Real Reason Why Trump Is Going To Saudi Arabia. Treat as a rumor. Not verified. Your opine. James Hickman: So… Is It Over? The Surprising Player That Is Holding The Cards. ARTICLE: Franklin Roosevelt pressed the red emergency button to stop the elevator on the way down to his private dining room. The King of Saudi Arabia was waiting for him, but the President wanted to smoke a couple of cigarettes first. It was 11:30 in the morning on Valentine’s Day, 1945. World War II was nearing its end & Roosevelt had just come from the famous Yalta Conference with Winston Churchill & Joseph Stalin to discuss what post-war Europe would look like. But on the way back home, Roosevelt went out of his way to meet with the Saudis. Legendary amounts of oil had been discovered in the Arabian desert a few years before & knew that such vast energy reserves would be strategically important to the US after the war. The problem was that Roosevelt was on death’s door at that point. His doctors had urged him not to go, but the President overruled them, sensing that the trip would solidify American interests. He was right-- it was a critically important trip. But the doctors were right too-- it was obvious the trip had taken its toll & a senior aide described FDR as “helpless in fatigue”. The quick smoke break on his way to the lunch meeting was Roosevelt’s quick moment to relax, gather his wits & put his game face on before taking on King Abdulaziz. Apparently, the cigarettes did the trick, because Roosevelt was able to summon enough strength to build great rapport with the King. As US Marine Colonel William Eddy (who was present at the meeting) later described, “the King & the President got along famously together” & became fast friends. Roosevelt & Abdulaziz discovered they were the same age, both deeply interested in agriculture & even shared similar physical handicaps. In fact, Roosevelt gave one of his own wheelchairs to the King as a goodwill gesture, which Abdulaziz later recalled was “my most precious possession [from] my great & good friend President Roosevelt.” President Roosevelt with King Ibn Saud aboard USS Quincy, 14 February 1945. Naval History & Heritage Command, Public domain, via Wikimedia Commons. Roosevelt died less than two months later. But he had planted the seeds of a relationship with Saudi Arabia that soon became very important & eventually critical to the US. In the 1940s & 1950s, the US economy grew leaps & bounds & had an insatiable appetite for energy; Saudi oil played a key role in fueling that growth & both nations prospered from the relationship. Their amity was put to the test in the 1970s when the USD was taken off the gold standard. World leaders revolted & the Dollar’s standing as the global reserve currency could have ended very quickly. But Saudi Arabia stuck with the Dollar. And in 1974, the two countries inked a new economic cooperation deal: the US would provide security & technology & the Saudis agreed to maintain their currency peg to the Dollar which ultimately meant that oil would still be sold exclusively in USD. If the Saudis had gone the other way & abandoned the Dollar, America could have lost its global financial dominance by the end of the 1970s. Instead, Saudi Arabia’s commitment encouraged (& realistically forced) the rest of the world to continue to hold USD, even if just for the sole purpose of buying oil from OPEC. As a result, the USD has remained the global reserve currency through this day which is the ONLY reason why America can have a $36+ trillion nat'l debt or run multi-trillion-Dollar deficits each year & yet the world keeps buying US government bonds. Saudi Arabia could now be poised for another big decision that will have a major impact on America’s future dominance. But first - as of today, it appears that the Trump administration may be climbing down from hard-nosed positions they had adopted as recently as Monday. Suddenly now the President doesn’t want to fire Fed Chairman Jerome Powell. vSuddenly the gazillion percent tariffs on China are “too high”. Suddenly Elon thinks that he is spending too much time at DOGE. Granted, all of this could change by the time I finish writing this article. Such are the times in which we live. However, it seems that the administration is feeling the pressure from the bond market rout, the stock market rout, the currency market rout. It’s all very Truss-ian, i.e. reminiscent of 2022 when then-British PM Liz Truss had to resign after domestic financial markets crashed & investors vomited all over her economic plan. Obviously, the guys in the US aren’t going to resign. But it appears that they’re capitulating to investors’ demands: “Go back to the way things were in March. Keep hitting the woke universities, keep policing the border, keep doing all the other stuff. Just leave trade alone.” So, is the economic war already over? Who knows. But even if they really are backing down, it remains to be seen if the rest of the world will simply forget about the past month & move on. How much trust & confidence will other nations continue to have in the Dollar & in the US? Already, over the past several years, there has been serious effort from the Usual Suspects (i.e. Russia, China, Iran, etc.) to De-Dollarize. Some of their efforts have been laughable. Others have made great progress. And Saudi Arabia may once again be the key swing vote. Saudi’s Crown Prince, Mohammed bin Salman (MBS), knows his kingdom’s oil will eventually run out & he’s desperately seeking to build a real economy to replace it. On one hand, Saudi Arabia has a longstanding relationship with the US - though one that has clearly soured over the years. On the other hand, he has the Chinese offering all sorts of cash & prizes. China knows that the Petrodollar, i.e. selling oil in USD, is a key driver for global US Dollar demand which props up the US government & supports America’s gargantuan national debt. Chipping away at that Dollar demand will really hurt the US. China wants this to happen. And they’ve been pushing Saudi Arabia to start selling oil in Chinese Yuan, i.e. Petroyuan. Bottom line, MBS is going to have to make a decision about whether partnership with China or the US is better for his kingdom over the next several decades. If he sticks with the US & rejects Chinese overtures, it will go a long way in keeping other countries in line, eliminating doubts about America & maintaining the Dollar as the reserve currency - for now. On the other hand, if he decides that China is the better option & starts selling oil in Yuan, it could be crippling for the US economy. Foreigners holding trillions of USD assets would no longer need to maintain such vast Dollar reserves. The Dollar would plummet as a result, US government bond yields would skyrocket & inflation would surge. Saudi Arabia is holding a lot of cards right now regarding the fate of the USD which is a key reason why Donald Trump himself is heading there in a few weeks. Make no mistake - this is a monumental story in the making. To your freedom, James Hickman.

Here's some articles of Dinarian interests... -America Stops The Monetary Dollar On Iraq: Does The Dollar Rise Against The Dinar? -Protecting The Financial System Is A Priority For The Central Bank. -Iraqi Oil Continues To Stabilize Above $78 In The Global Market. -Iraq Exports More Than 8 Million Barrels Of Oil To America In A Month. Treat as rumors. Not verified. Your opine. FROM IRAQI SOURCES: America Stops The Monetary Dollar On Iraq: Does The Dollar Rise Against The Dinar? ARTICLE: In a surprising step, reports indicate that the US decided to stop sending the cash Dollar to Iraq, a decision that may have profound implications for the Iraqi economy & its financial market. This shift raises many questions about its impact on the value of the Iraqi Dinar, currency markets & the local banking sector. What is the cash Dollar? The cash Dollar indicates the money that is financially sent to Iraq by the US, usually through banks or through other economic mechanisms. This cash flow was playing an important role in supporting the Iraqi economy, especially in light of the economic challenges facing the country. The Reason For The American Decision: The sources indicate that the American decision comes in the context of economic & diplomatic pressures on Iraq, which includes issues related to the national economy & monetary policies. Some reports also indicate that the US may seek to reduce the use of the Dollar in Iraqi financial transactions, in an attempt to enhance the stability of the local currency & reduce dependence on foreign currencies. The impact Of The Decision On The Iraqi Dinar: This decision is expected to lead to noticeable fluctuations in the local currency market. The USD is considered one of the basic currencies that are traded in Iraq, & its cash flow stopped may lead to a lack of supply, which may push the Dollar to rise against the Dinar. The Impact Of The Rise On The Iraqi Market: Increasing the value of the Dollar may lead to high prices in the Iraqi market, which exacerbates the burden of inflation & affects the ability of citizens to buy basic commodities. This may also indirectly affect economic activity, especially in sectors that depend heavily on import. Are There Solutions? The Iraqi government will have a major challenge in dealing with these developments. The next stage may require the development of new economic & financial strategies to alleviate the impact of sudden changes in currency rates. It is necessary that there be a trend towards strengthening the Iraqi Dinar & diversifying the sources of the national economy away from the great dependence on the Dollar. Conclusion: With these developments, it will be important to follow the effects of this decision in the short and long term. Iraq needs decisive steps to secure the stability of its national currency & protect its economy from the repercussions of the decision to stop the monetary Dollar. -Protecting The Financial System Is A Priority For The CBI. Samir Al-Nusairi: Some media outlets, social media networks &d non-specialist analysts have begun to return to their analyses & statements to frighten citizens about US decisions to tighten economic sanctions on Iran. We must make it clear here that Iraq's top priority is to protect its national economy, financial system & monetary system from int'l or American economic sanctions imposed on some countries. And its priority, according to its financial & monetary policies, is to avoid being a party to that. This is well known to the UST, int'l organizations & int'l auditing & regulatory bodies, that "the Iraqi economy faced many crises & challenges, extending to the years before 2023, but the government, the CBI & the banking sector faced them wisely, harmoniously & with high coordination, in order to know & determine the causes of these crises & what are the solutions and treatments for the purpose of overcoming them quickly," as the CBI began at the beginning of 2023, using many procedures, such as using the electronic platform application, for foreign transfers in compliance with international standards & controls, which were represented by organizing the financing of foreign trade in directions that make the Iraqi banking sector regulated by int'l banking standards. And that "these measures were fruitful during 2023 and 2024 & his policy of opening accounts in solid foreign correspondent banks for banks that lacked these banks succeeded. The Financial Action Task Force (FATF), the UST, the IMF & the WB have commended the CBI’s measures in overcoming most of the comments, confirming the transparency of foreign transfers & moving to cancel the platform & direct dealings between our banks and correspondent banks under the direct supervision of the supervisory bodies for foreign transfers & ensuring their arrival to the final beneficiary. At a rate exceeding 97%, in addition to the government & the CBI contracting with int'l auditing & consulting companies with the aim of developing banks & ensuring their compliance with international standards. These companiesan are Ernst & Young, K2, Oliver and Eman & they are currently operating according to the roadmap & plans drawn up for that. The Iraqi government, in cooperation with the CBI, has taken several steps in this direction, the most important of which is automating the tax system & the customs system. In view of this strict commitment to protecting our financial system, we reassure everyone that there is no possibility of imposing new sanctions on the banking sector. These are just rumors & have absolutely no basis in truth. -Iraqi Oil Continues To Stabilize Above $78 In The Global Market. Iraqi oil prices continued to stabilize in global market transactions above $ 78 per barrel. Basra Heavy crude recorded $ 75.24 per barrel, while the average recorded $ 78.75 per barrel. Brent crude futures fell 36 cents, or 0.47 percent, to $ 76.64 per barrel, while US West Texas Intermediate crude futures fell 37 cents, or 0.5 percent, to $ 72.95 per barrel. -Iraq Exports More Than 8 Million Barrels Of Oil To America In A Month. The US Energy Information Administration announced today, Wednesday, that Iraq exported more than 8 million barrels of crude oil and its derivatives to the US during the month of November 2024. A schedule of the administration, which was reviewed by "Al-Eqtisad News", showed that "Iraq exported about 8 million & 510 thousand barrels of oil & its products during the month of November", indicating that this quantity "is greater than the month of October, which amounted to 6 million & 800 thousand barrels". The US Energy Information Administration stated that "the total crude oil exported from Iraq to America in November amounted to 6.718 million barrels, while the remaining 1.792 million barrels were petroleum derivatives, including 1.788 million barrels of non-condensate oils & four thousand barrels of remaining fuel oil." Iraqi oil exports to the US have increased significantly over recent years, with export figures reaching record levels in some months, due in part to Iraq's ability to increase its oil production, as well as rising global demand for oil. Oil trade relations between Iraq & the US play an important role in strengthening economic relations between the two countries & contribute to enhancing the stability of the global oil market & providing energy to the American & global economies.

Here's an article of GCR interests... BRICS Is No Challenge To The USD. Treat as a rumor. Not verified. Your opine. FROM OTHER SOURCES: BRICS REALIZE THEY CANNOT CHALLENGE THE USD. ARTICLE: The USD started 2025 with a bang leaving local currencies of BRICS countries distantly behind in the charts. The DXY index, which tracks the performance of the USD shows the currency crossing the 110 mark. The US markets are confident that Trump’s re-election could turn the fortunes of America & bring economic prosperity. The same positivity is lacking in developing countries as their local currencies are being hammered by the raging USD. The BRICS alliance, which kick-started the de-dollarization agenda is now reeling under pressure from the USD. BRICS country India’s local currency, the Rupee, has fallen to a lifetime low of 86.68 this week. The Rupee fell four trading sessions in a row as the USD trampled the currency in the charts. Currency experts predict that the Indian Rupee could fall to 90 to 92 levels in the next 10 months. BRICS: No Challenge To The USD. The USD is strengthening in the indices with the massive inflow of funds entering the American markets. Institutional investors offloaded most of their overseas funds & are now taking entry positions in the US markets. Trump's Message To The World: America Is Open For Business. The belief that Trump’s rule could bring fortunes has reached a peak in 2025. The 1st instance of the market gaining steam occurred immediately after he was declared the winner in November. This puts BRICS on the back foot as it stands no chance to challenge the USD during Trump’s tenure. Trump has already threatened BRICS with 100% tariffs if they plan to abandon the USD for trade. The alliance is now left with obeying his demands as a tariff increase will only hurt their economies. Both China & India are totally reliant on the US market as the US remains their largest trading partner. The de-dollarization agenda could fail under his rule as the President-elect aims to safeguard the USD. Whether he will bring in laurels to the US stock market or cause a dent, only time will tell.

Here's some article of Dinarian interests... Treat as rumors. Not verified. Your opine. FROM IRAQI SOURCES: The 10 Largest Arab Countries That Possess Foreign Exchange Reserves For The Year 2024. This Is Iraq’s Rank. ARTICLE: Foreign exchange reserves are assets denominated in a foreign currency held by a central bank. Countries usually keep their foreign exchange reserves in the USD because it is the most widely traded currency in the world. Among other currencies in which foreign exchange reserves are sometimes kept, according to the “World Publication Review” platform, are the following: -Euro (EUR). -Japanese Yen (JPY) -British Pound (GBP) -Chinese Yuan (CNY) These reserves are used to support obligations & influence monetary policy & most of them are held in USD, according to the Investopedia platform. Foreign exchange reserves consist of cash & other assets held by central banks & other financial institutions such as the IMF, according to the World Economic Forum, citing City Index, a financial services provider. China is the largest country with foreign exchange reserves in the world, with $3.73 trillion in December 2024, according to the Statista platform. The importance of foreign exchange reserves and why do countries resort to them? City Index listed 7 main reasons why central banks hold foreign currency reserves: 1- Help maintain the value of the local currency at a fixed rate. For example, China pegs the value of the Yuan to the Dollar. By hoarding Dollars, Beijing raises the value of the Dollar against the Yuan, thus increasing sale by making Chinese exports cheaper than goods manufactured in the US. 2- Keeping the value of the local currency lower than the value of the Dollar. Japan, which applies a floating exchange rate system, buys US Treasury bonds or government bonds, to keep the value of the Yen lower than the value of the USD. This again helps in keeping its exports relatively cheaper. 3- Maintaining liquidity. In the event of an economic crisis, the central bank can intervene & replace its foreign currency with local currency to ensure the ability of companies to continue importing & exporting competitively. 4- Fulfilling the state’s international financial obligations. This may include repaying debts, financing imports & absorbing sudden capital movements. 5- Financing internal projects. Its foreign exchange reserves amounted to $3.73 trillion as of December 2024, according to the Statista platform, up from $3.266 trillion in November 2024. 6- Reassuring foreign investors. Wars or internal unrest may scare away investors who may be looking to move their money abroad. Maintaining foreign exchange reserves can create an atmosphere of confidence & allay investor fears. 7- Diversifying investment portfolios. By holding various currencies & assets as reserves, the central bank can provide protection in the event that an investment declines. -Top 10 Countries With Foreign Exchange Reserves In 2024. The following is a list of the 10 largest countries possessing foreign exchange reserves, denominated in USD, during the year 2024, according to what was reported by the Statista & Trading Economics platforms, in addition to the central banks in these countries. 1- China ReserveYyuan fell by 1.8% against the Dollar, while the latter strengthened by 1.8% against a basket of other major currencies. Meanwhile, China's gold reserves rose to 72.96 million troy ounces after remaining stable at 72.80 million troy ounces for the previous six months. However, its value decreased to $193.43 billion from $199.06 billion in October 2024, in line with the decline in gold prices, according to the “Trading Economics” platform, which was based on the People’s Bank of China. The Trojan ounce (equal to 0.031 kilograms) is a weight system used for precious metals and gemstones & is based on a pound of 12 ounces instead of the traditional pound of 16 ounces. 2- Japan Reserves: $1.24 trillion. Foreign exchange reserves rose by $49 million, reaching a total of 1.24 trillion in November 2024. In a recent disclosure, Japan’s Ministry of Finance revealed that it spent 5.53 trillion Yen ($35 billion) last July on “interventions in the foreign exchange market.” "(foreign exchange interventions) with the aim of supporting the Yen , according to Trading Economics & based on the ministry's own data. Foreign exchange reserves rose by $49 million, reaching a total of 1.24 trillion in November 2024. In a recent disclosure, Japan’s Ministry of Finance revealed that it spent 5.53 trillion Yen ($35 billion) last July on “interventions in the foreign exchange market.” "(foreign exchange interventions) with the aim of supporting the Yen , according to Trading Economics & based on the ministry's own data. 3- Spain: Reserves: $1.07 trillion. Foreign exchange reserves rose to $1.07 trillion in November, from $1.045 trillion - in October 2024 - according to Trading Economics & according to the Bank of Spain. 4- Switzerland Reserves: $801 billion. The Swiss National Bank's foreign exchange reserves rose to 724.5 billion francs ($801 billion) in November 2024, the highest level since June 2023. 5- India Reserves: $640 billion. Foreign exchange reserves held by the Reserve Bank of India fell to the equivalent of $640 billion in the last week of 2024, the lowest level since last April & the decline extends from a record high of $704.9 billion in the last week of September 2024, according to Trading. Economics based on Reserve Bank of India. 6- Russia Reserves: $616.5 billion. Foreign exchange reserves fell to $616.5 billion in November 2024 from $631.6 billion in October 2024, according to the latest available data. The average foreign exchange reserves in Russia amounted to $313.5 billion from 1992 until 2024 & reached their highest level ever at $633.7 billion last September, according to Trading Economics, according to the Russian Central Bank. 6- Russia Reserves: $616.5 billion. Foreign exchange reserves fell to $616.5 billion in November 2024 from $631.6 billion in October 2024, according to the latest available data. The average foreign exchange reserves in Russia amounted to $313.5 billion from 1992 until 2024 & reached their highest level ever at $633.7 billion last September, according to Trading Economics, according to the Russian Central Bank. 7- Taiwan Reserves: $576.7 billion. Foreign exchange reserves fell to $576.68 billion in December 2024, down from $577.97 billion the previous month. This was affected by the revenues from the management of foreign exchange reserves in Taiwan & movements in the exchange rates of other reserve currencies against the Dollar . In addition, the Central Bank intervenes to mitigate volatile capital flows to maintain a regulated foreign exchange market, according to Trading Economics, according to the Central Bank. 8- Saudi Arabia Reserves: $449 billion. Foreign exchange reserves decreased to 1.688 trillion riyals (about 449 billion dollars) in November from 1.63 trillion riyals (434 billion dollars) the previous month, according to the Central Bank of Saudi Arabia. 9- Hong Kong Reserves: $425.1 billion. Foreign exchange reserves rose to $425.1 billion in November 2024, the highest level since last February, from a 3-month low of $421.3 billion the previous month. This represents more than 5 times the currency in circulation, or about 39% of the Hong Kong dollar, according to Trading Economics & according to the Hong Kong Monetary Authority. 10- South Korea Reserves: $415.6 billion. Foreign exchange reserves rose to $415.6 billion in December 2024 from $415.4 billion in the previous November, according to Trading Economics & according to the Central Bank of South Korea. The 10 largest Arab Countries Possessing Foreign Exchange Reserves In 2024. Below is a list of the 10 largest Arab countries possessing foreign exchange reserves in 2024, based on central banks , the Trading Economics platform & others. 1- Saudi Arabia Reserves: $499 billion Foreign exchange reserves decreased to 1.688 trillion riyals (about 449 billion Dollars) in November from 1.63 trillion Riyals ($434 billion) in the previous month, according to the Central Bank of Saudi Arabia. 2- UAE Reserves: $210 billion. Official foreign currency reserves amount to about $210 billion, according to Central Bank data. The Central Bank's total foreign assets exceeded 770 billion dirhams ($209.6 billion) at the end of last June, for the first time in the history of the Emirates, according to the bank's latest statistics, as reported by the local news agency. 3- Iraq Reserves: $106.7 billion. Foreign exchange reserves decreased to 139.68 trillion dinars (the local currency in Iraq (about $106.7 billion)) in October from 143 trillion dinars ($109 billion) in September 2024, according to the Trading Economist. 4- Algeria Reserves: $72 billion Finance Minister Aziz Al-Fayed recently announced that foreign exchange reserves will rise by about 4.4% in 2024 to 72 billion Dollars, from 69 billion at the end of 2023, and 61 billion at the end of 2022. Al-Fayed stated - during his presentation of the draft general budget of Algeria before the representatives of the National Council - that foreign exchange reserves outside gold continued to rise during the current year, expecting to close the current year with a surplus in the trade balance estimated at 2.8 billion Dollars, equivalent to 1.1% of the gross domestic product, which amounted to 267 billion last year, according to news agencies. 5- Qatar Reserves: $69 billion. The Central Bank of Qatar announced an increase in international reserves and liquidity in foreign currency by 5.05% in November 2024 to reach 254.74 billion riyals (about 69 billion Dollars) compared to 244.81 billion Riyals (about 66 billion dollars) in November 2023, as reported. In a statement carried by the Qatar News Agency. 6- Egypt Reserves: $47.1 billion The Central Bank of Egypt said that net foreign reserves rose to $47.1 billion at the end of December 2024, compared to about $46.95 billion at the end of November 2024. 7- Kuwait Reserves: $41 billion. A monthly bulletin issued by the Central Bank of Kuwait revealed an increase in the balance of foreign exchange reserves at the end of November 2024, reaching about 12.65 billion Dinars (about 41 billion Dollars), compared to its balance at the end of October 2024, which amounted to 12.52 billion Dinars (40.6 billion dollars), an increase It is 1%, with a value of 127 million Dinars, according to the local newspaper Al-Anbaa. 8- Morocco Reserves: $32.8 billion. Foreign exchange reserves reached $32.8 billion in November 2024. Reserves in Morocco reached an all-time high of $35.3 billion in July 2021 & a record low of $7.9 billion in January 2002, according to the CEIC Data platform. 9- Jordan Reserves: $21 billion. The Kingdom's foreign exchange reserves increased by $21.1 billion during the first 11 months of 2024, a significant increase that is now sufficient to cover 8.4 months of Jordan's imports of goods & services. The Central Bank confirmed that this reserve amount is the highest in the country’s history, which represents a remarkable achievement for financial stability. 10- Lebanon Reserves: $10.3 billion. Foreign exchange reserves fell for the first time in more than a year as the Lebanese Bank pumped more Dollars to support the lira following weeks of war. The reserves of the Bank of Lebanon decreased by more than $400 million in October 2024, which is the first decrease since July 2023, according to official data reported by Bloomberg. Foreign exchange reserves now stand at about $10.3 billion, excluding $5 billion in international bonds that the Lebanese state defaulted on.

Here's some articles of Dinarian interests... Direct From The SANDBOX Report. -Continuous & Strong Decline Of The Dollar In The Iraqi Markets Against The Dinar. -Iraq Needs To Revitalize The Private Sector To Create Jobs & Absorb Graduates. -Gold Prices Fall In Baghdad & Stabilize In Erbil. -Oil Prices Rise To More Than 76. The Highest Level Since Mid-October. -Sound Productive Government Economic Thinking Methodology. -The CBI Tower & Al-Faw Port In The List Of Giant Projects In The World For The Year 2025. Treat as rumors. Not verified. Your opine. FROM IRAQI SOURCES: Continuous & Strong Decline Of The Dollar In The Iraqi Markets Against The Dinar. ARTICLE: The USD ER against the Iraqi Dinar fell on Monday in the markets of Baghdad & Erbil, the capital of the Kurdistan Region, with the closing of the stock exchange. The Dollar ER also fell with the closing of the two main stock exchanges in Baghdad, Al-Kifah and Al-Harithiya, to record 151,000 Dinars per 100 Dollars, while this morning it recorded 151,350 Dinars per 100 Dollars. Selling prices fell in exchange shops in local markets in Baghdad, where the selling price reached 152,000 Dinars per 100 Dollars, while the purchase price reached 150,000 Ddinars per 100 Dollars. In Erbil, the Dollar also fell, where the selling price reached 151,800 Dinars per 100 Dollars & the purchase price reached 150,700 Dinars per 100 Dollars. Economist: Iraq Needs To Revitalize The Private Sector To Create Jobs & Absorb Graduates. Economic expert Basem Jamil Antoine stressed the necessity of working to create a productive society, pointing out that government departments in Iraq suffer from the presence of “disguised &d hidden unemployment,” which can be overcome by activating the private sector. Antoine explained in his interview with {Euphrates News} that “this activation will contribute to absorbing the number of graduates that reaches 250 thousand young men & women annually from universities & institutes.” He added, "By creating job opportunities for graduates, we have guided them in the general right direction & created a continuous technical cadre in the community, which will save us from leaking currency out of the country." He pointed out that "diversifying sources of income in the country is necessary & puts us on the right foundations to achieve sustainable economic growth." In the context of the five-year plan that included job creation, Antoine stressed the need to “implement & follow up on the plans & not just write them,” stressing that “the House of Representatives bears responsibility for that.” He added, "Job opportunities must focus on actual creation, not just on construction & residential complexes that generate nothing. Rather, a sound economic structure must be created that generates new economic generations." -Gold Prices Fall In Baghdad & Stabilize In Erbil. Gold prices (foreign & Iraqi) decreased in Baghdad markets on Monday, while they stabilized in Erbil. The selling prices of gold in the wholesale markets on Al-Naher Street in Baghdad this morning for one Mithqal of 21 karat Gulf, Turkish & European gold was recorded at 556 thousand Dinars, while the purchase price was 552 thousand Dinars. The selling price of one Mithqal of 21 karat Iraqi gold was recorded at 526 thousand Dinars, while the purchase price was 522 thousand Dinars. In goldsmiths' shops, the selling price of one Mithqal of 21 karat Gulf gold ranged between 560 & 570 thousand Dinars, while the selling price of one Mithqal of Iraqi gold ranged between 530 & 540 thousand Dinars. In Erbil, gold witnessed stability, as the selling price of a 24-carat mithqal reached 648 thousand Dinars, a 21-carat mithqal reached 567 thousand Dinars & an 18-carat mithqal reached 485 thousand Dinars. -Oil Prices Rise To More Than 76. The Highest Level Since Mid-October. Oil prices rose to their highest since October on Monday as investors awaited the impact of cold weather in the northern hemisphere & Beijing's economic stimulus measures on global fuel demand. Brent crude futures were up 15 cents, or 0.2%, at $76.66 a barrel by 0125 GMT, having settled at their highest since Oct. 14 on Friday. West Texas Intermediate (WTI) crude futures were up 22 cents, or 0.3%, at $74.18 a barrel after closing at their highest since Oct. 11 on Friday. Beijing is ramping up fiscal stimulus to revive the struggling economy, announcing on Friday that it will sharply increase financing from long-term treasury bonds in 2025 to spur business investment & consumer-boosting initiatives. On the supply side, Goldman Sachs expects Iran's production & exports to decline by the 2nd quarter as a result of expected political changes & tougher sanctions from the administration of US President-elect Donald Trump. The OPEC member's production could fall by 300,000 barrels per day to 3.25 million barrels per day by the 2nd quarter, he said. The number of rigs drilling for oil in the US, an indicator of future production, fell by one to 482 last week, a weekly report from energy services firm Baker Hughes showed on Friday. -Sound Productive Government Economic Thinking Methodology. Dr. Aqil Jabr Ali Al-Muhammadawi / Researcher in Finance & Development Affairs. The stability of oil prices in global markets for the past three weeks should be taken advantage of & a new economic renaissance strategy should be worked on through a systematic & studied transition according to a modern financial model by employing the surplus oil prices that exceed the budget price (or what is called the equilibrium price) to an approach of employing effective investment in the Iraqi Sovereign Fund & building new & legal financial buffers & vessels to strengthen & consolidate the financial system & sustain development in Iraq. Move the wheel of the economy & economic diversification & diversify the revenues of the Federal Budget & double the investment & development funds & create new incentives for growth & sustainable development in order to target increasing productivity & rebuilding the industrial, agricultural & tourism base & ensuring the achievement of financial savings according to new financial & economic models that support the economic renaissance strategy in Iraq. -British Platform Includes The CBI Tower & Al-Faw Port In The List Of Giant Projects In The World For The Year 2025. The British platform “The B1M”, specialized in the construction sector, ranked the CBI Tower project in Baghdad & the Grand Faw Port in Basra among the list of the most prominent mega projects in the world for the year 2025. The platform’s report stated that “the CBI Tower project ranked 11th, while the Grand Faw Port ranked 10th.” This classification reflects Iraq’s remarkable progress in the field of architecture & infrastructure on the international scene. The “The B1M” platform is one of the most prominent channels specialized in covering major construction projects, technological innovations, & modern trends, such as sustainability & smart cities, providing in-depth analyses of the ongoing transformations in the global infrastructure sector.

Here's an articles of Dinarian interests... Goodbye Dollar auctions. Treat as rumors. Not verified. Your opine. TNT via Tishwash: Goodbye Dollar Auction. ARTICLE: CBI announces the end of 20 years of billions & suspicions. The matter has been settled. Iraq will no longer offer its precious Dollars in the controversial dollar auction, or what was called the foreign currency sales window and the electronic platform. After 20 years since the start of this procedure, Ammar Khalaf, Deputy Gov of the CBI, confirmed in a statement to the 964 Network that the Dollar platform has become closed in compliance with the date set by the governor to close it at the end of 2024. Khalaf denied all rumors about the possibility of extending the platform’s work & spoke with great positivity, reassuring the market & consumers that the overwhelming majority of traders have already adapted to the new system in which the CBI does not provide direct Dollars to traders. But what will happen? The sale of the Dollar was a mechanism adopted by the Iraqi government after 2003 during the era of Gov Sinan Al-Shabibi, for several goals mentioned in a study by the bank official, Dr. Walid Aidi Abdul Nabi, including controlling the ER & raising the purchasing power of those with limited incomes, among others. It aims to provide hard currency to traders in order to finance their imports of goods from abroad, but the idea was later subject to much skepticism & suspicion & the auction became one of the most frequently mentioned files in discussions about corruption, fictitious import invoices & currency smuggling to neighboring countries, among others. According to the new system after the window closes, traders will have to deposit their money in Dinars in Iraqi banks that have entered into partnerships with foreign banks (called correspondent banks). These correspondent banks with American banks will undertake all verification & compliance procedures, while the CBI will only be tasked with strengthening the Dollar balances in the accounts of banks that are able to pass all these procedures. Many experts believe that this step has relieved the CBI of responsibility for any potential manipulation of invoices or attempts to smuggle currency, and the CBI has thus protected itself from any potential American sanctions with their dangerous implications for the country’s economy. Khalaf said, “The date for closing the platform is fixed, it will not change & will not be extended. The banks have been preparing since the beginning of this year when Gov Ali Al-Alaq announced his intention to close the platform.” According to Khalaf, “transfers are made by strengthening the balances of Iraqi banks & 97% of transfers are now made according to the new mechanism. This will be noticeable during the 1st days of the new year, as the CBI’s transfers to banks that are operating at full capacity will not change by strengthening the balances with correspondent banks.” However, he left the door open to the possibility of a very slight & ineffective decline in the CBI’s sales. He pointed out that “the majority of banks in Iraq have correspondent banks & have been operating according to the new mechanism since the beginning of this year & traders will not face any problem unless their money is in banks without correspondent banks.”

Here's some articles of Dinarian interests... -Iraq Considers Its Future Away From The Dollar. -Keenness To Implement Reforms To Ensure The Stability Of The National Economy. -Electronic Payment Contributes To Strengthening The Economy. Treat as rumors. Not verified. Your opine. FROM THE SANDBOX: Iraq Considers Its Future Away From The Dollar. ARTICLE: Al-Masala: In light of the escalating tensions in the global financial system, former US President Donald Trump is exerting renewed pressure on countries to adhere to using the USD as the global reserve currency, which may create unexpected repercussions that may affect the Dollar’s position in global markets. This pressure, which comes from Trump's well-known positions in using tariffs as a political tool, may reinforce trends seeking to move away from dependence on the Dollar & accelerate the steps of countries wishing to reduce their use of the American currency. Although the Dollar dominates more than 88% of foreign exchange trading, reflecting its exceptional power as a global lending &d reserve instrument, experts say Trump’s attempts to boost the use of the Dollar could backfire. The mounting pressure could prompt some countries to look for alternatives to the Dollar to avoid the risk of U.S. dominance, says Rodrigo Cattral of National Australia Bank. Cindy Lau of Avanda Investment Management says Trump’s moves are aimed at preserving the Dollar’s dominance as a safe store of value, which could make countries more determined to settle trade in their own currencies. What highlights the impact of this policy on Iraq is that as a country dependent on an oil-based economy, it may come under increasing pressure as moves are made towards concluding trade agreements away from the Dollar. Iraq, which is closely linked to the global financial system through its oil exports, may find itself in a position that requires changing its financial & trade strategies to avoid excessive dependence on the Dollar, which may reflect on its economic stability. Countries such as China, Brazil & India have already begun to trade in their local currencies, a move that could mark the beginning of a new era in the international trading system. Meanwhile, Ulrich Leuchtmann of Commerzbank said the Dollar’s continued dominance will be challenged by increasingly self-serving US policy practices. These developments may prompt Iraq to consider proactive steps to keep pace with future transformations, to secure its economic position in a world witnessing transformations that may threaten the stability of the current financial system. Although Trump’s threats may not lead to an immediate collapse of the Dollar’s dominance, their long-term impact will be an incentive for other countries to seek ways to achieve greater economic independence, which may require Iraq to take measures to ensure the sustainability of its economy in this changing landscape. -Finance Confirms Government's Keenness To Implement Reforms To Ensure The Stability Of The National Economy. Finance Minister Taif Sami confirmed today, Tuesday, the government's keenness to implement reforms to ensure the stability of the national economy. A statement by the Ministry of Finance, received by "Al-Eqtisad News", stated that "Minister of Finance Taif Sami Mohammed received in her official office in Baghdad, the representative of the World Bank in Iraq, Jean-Christophe Carré, where they discussed ways to enhance cooperation between Iraq & the World Bank to support development projects & economic reforms." The Minister of Finance stressed to the Bank’s representative “the importance of partnership with the World Bank in financing programs that aim to achieve sustainable development,” expressing at the same time her welcome to the World Bank’s representative in Iraq, who was appointed as the Bank’s new representative in Iraq, replacing Richard Abdel Nour, whose duties in Iraq ended last November. Minister Sami stressed the "Iraqi government's keenness to implement financial & economic reforms to ensure the stability of the national economy. It is working to implement these reforms with the aim of enhancing sustainable growth, improving the management of financial resources, combating corruption & strengthening transparency in government institutions. For his part, the World Bank representative praised "the Iraqi government's efforts to improve the economic environment & implement programs that enhance transparency & efficiency, expressing the bank's readiness to provide more technical & financial support in line with Iraq's development priorities." The statement added, "The two sides agreed to continue coordination and joint work to achieve strategic goals & enhance economic stability in the country." -Government Communication To {Sabah}: Electronic Payment Contributes To Strengthening The Economy. According to the confirmation of the government outreach team & amidst the continuous support of PM Mohammed Shia al-Sudani. Economic Benefits: According to the head of the government outreach team, Ammar Munim, to "Al-Sabah", "the government support for electronic payment comes from PM Mohammed Shia al-Sudani's belief in the economic benefits it brings to the national economy, revitalizing it & pushing it forward." Munim explained that "the local market must adopt advanced financial transactions that make money paths clear, transparent & secure & in this direction there are great benefits for the national economy and achieving revenues." Government Decisions: As for the Executive Director of the Association of Private Banks, Ali Tariq, he told "Al-Sabah": "The development witnessed by Iraq in the electronic payment joint comes thanks to the government's understanding of the reality of electronic payment in financial performance, as government decisions had a great and influential echo in expanding the circle of its adoption." He pointed out that "today there are about 800 government institutions that adopt electronic payment, as government instructions obligated its adoption with zero fees." Financial Movements: He pointed out that "electronic payment works to achieve results that serve the national economy, as it reduces the rates of financial corruption & avoids dealing with counterfeit currencies, in addition to documenting financial movements & making them safer." Confident Steps: In turn, the director of the national awareness campaign to spread the culture of electronic payment "Esreflak" Ahmed Adel said: "The campaign is continuing with confident steps & in the field to reach the largest segment within Iraqi society & inform them of the importance of electronic payment, as we work to organize direct events within human gatherings." He pointed out that "there are challenges facing the campaign & its movement, but cooperation with the relevant authorities enabled the campaign management to overcome them and it became possible to be present in public places & reach all segments of society. Financial Transformation: As for the economic expert and consultant Alaa Fahd, he said: "The culture of electronic payment in Iraq is a recent spread as a result of the progress in global financial systems & the need for financial development of the engines of digital financial transformation & this transformation requires changing the culture & belief of society, especially the simple popular classes who fear any financial procedure away from cash." He pointed out that "this requires awareness media campaigns that promote this culture & market it to everyone, including the (Spend for You) campaign that was launched at the beginning of the digital transformation in Egypt & was recently launched in Iraq as part of the 1st national campaign forum to spread culture," indicating that the campaign clarifies "the importance of electronic financial transformation." Financial Security: Fahd continued: "There is a gradual change in the culture of electronic payment with the government's orientation towards this transformation & providing all facilities & facing all challenges in order to spread the culture and believe in it from the standpoint of benefit, as it is (Spend for You) in terms of financial security, eliminating corruption, saving time & effort, ease of carrying & getting rid of counterfeiters Damaged & stolen items & other benefits provided by financial transformation, this requires doubling efforts to achieve full success.”

Here's an article of Dinarian interests... The Trump Effect...Talk about a power move. Treat as a rumor. Not verified. Your opine. Sandy Ingram: Talk About A Power Move. ARTICLE: Trump wrot&and any country that tries should wave goodbye to American. U.S. president-elect Donald Trump has put the BRICS nations on notice with a fiery warning that sounds like it came straight from a blockbuster movie script. While doubling down on threats of a whopping 100% tariff. Talk about a power move. We can only be happy Iraq is not in the middle of this silent soon-to-be tug of war. Iraq has over $100 billion in foreign currency reserves stashed in the US Federal Reserve Bank. They are trying to tell us Iraq cannot afford $0.10 to 1 Iraqi Dinar?

Here's an article of DInarian interests... From The Throat Of The Goat: Ditching the USD. Treat as a rumor. Not verified. Your opine. Mnt Goat Extensive Updates: Ditching The Dollar. ARTICLE: My contact told me not to expect any move forward with the Project to Delete the Zeros until this new administration signals, they will “fully” support it & the “process” & move to the end of the process, which is, as we all know, the reinstatement. Remember we don’t go to the bank until the reinstatement back on FOREX occurs, the end of the process. Then the new rate also has to coincide with a rate of the Iraqi Dinar we are willing to exchange for. My contact also told me there is a planned meeting next week with the director Ali Al-Alaq to review the status of the committee work & plan out the next phase of the project to delete the zeroes. I asked “next phase”? Please explain, I said? I was told that the CBI will no longer be supporting the currency auctions come the end of the year. I already knew this. But this was the best part when she told me they are now working on many more foreign banks besides the already arranged four (4) U.S. banks that are going to also come into process of supporting the international conversion of Iraqi Dinar to Dollars on payment of imports to Iraq. Why would these other banks want to exchange Iraqi Dinar if they were not going to be worth something & globally traded? But now there are more banks coming onboard. This news was VERY good news for all of us. It tells us there is going be some huge change in policy of currency exchange for international trade with Iraq. Think about it, why else would the CBI make such a drastic change in policy with the currency auctions if the US didn’t tell them to “ditch the Dollar” & do it now. Why is the UST working so hard & even occupying an entire floor of the CBI if not to help them ditch the Dollar. But in order to do it Iraq needed the reforms as I described in the “Pillars of Financial Reform”. Remember according to the Obama plan reforms come 1st, then they can rebuild their economy & somewhere in the new economy building phase, they strike out & delete the zeroes & reinstate. Didn’t we just read this in a recent article in my Nov 5th Newsletter? So, come the end of 2024 don’t you think these reforms will be ‘good enough” to let the Iraqi Dinar finally get to FOREX? I was told t his is their target. We are now hearing mostly about the economy & rebuilding it. Seems the news from Iraq changed over from talking mostly about the banking & stock market reforms to rebuilding the economy. Yes, it seems it’s now all about the economy. Remember & I keep asking you to remember, that the RV is really a byproduct of the process, get it? It all about the process. I believe they no longer have a choice. To ditch the dollar, they will have to get rid of the currency auctions & do business of foreign trade just like any other country. Remember that the currency auctions were imposed upon Iraq as part of the fix to help Iraq survive while under the Chapter VII sanctions. Those sanctions have been over since Dec 2022. To sum it all up – To me I see what is happening in Iraq as a final “cleanup” from the sanctioned days & war years. Kind of like the final rinse in the washing machine before the clothes come out clean. They are getting back on their feet, they are getting clean of corruption. Remember that under Saddam Huissen, there was massive corruption too only we never knew about it then. The concentration now it mostly on using the banking sector successes & new laws to rebuild economy. Yes, the groundwork or foundation has been laid out. In the coming years, you will see Iraq as a major tourist destination & people will flock from around the world to see their museum treasures. I may even return there someday myself & remember my military time. It would also be nice to perhaps have dinner with my CBI contact in person. Maybe I will get a tour of the new CBI building ? I want to bring your attention to an article titled “ICC CREATES IRAQ ARBITRATION CMTE TO BOOST FOREIGN INVESTMENT”. I quote from the article- “The International Chamber of Commerce (ICC) in Iraq has reportedly established a local arbitration committee, aimed at minimizing financial losses from external arbitration & attracting foreign investors.” This action is just yet another link in the series of events that tell us Iraq is going international all the way. If companies are going to function in Iraq there must be a means to settle disputes besides going to the federal courts. Arbitration opportunities 1st is always a good option & can save companies a ton of money from going to international courts for disputes. Did the WTO want this too. You can bet they did! Where The Hell is Azerbaijan? What Happened With The Azerbaijan Currency? I want to point out this currency revaluation that happened in 2006 & passed everyone right by… Let’s take a look what happened & how you missed it & why. The title to the recent article today is “AL-ALAQ STRESSES TO AZERBAIJANI AMBASSADOR THE IMPORTANCE OF COOPERATION IN TRANSFERRING MONEY TO FACILITATE TRADE BETWEEN THE TWO COUNTRIES”. You might want to go read the short article. It is such an important article. Important not so much because for our Iraqi Dinar investment but more important for understanding how this currency market actually works. I quote from the article: “The Gov of the CBI, Ali Al-Alaq, stressed today, Wednesday, the importance of cooperation in terms of exchanging expertise & the process of transferring money to facilitate trade between Iraq & Azerbaijan.” Yes, trading partners with yet another country with a currency worth something 1 AZM = 0.59 USD. That almost 60 cents. What the IQD worth 1/6 of a penny? Can you see the cumbersome monetary exchange process between the two countries in converting? Also the author “pointing out the importance of cooperation at the level of exchanging expertise & the process of transferring money to facilitate trade between the two countries.” You should know that when Azerbaijan gained independence from the Soviet Union, it substituted the Soviet Ruble with the, which also went through a period of high inflation in the 1st years, rendering the coinage obsolete. Didn’t this happen to Iraq too? The current manat symbol AZM in circulation exists since the redenomination in 2006, when old manats were substituted with lower face values & new design. The currency has mostly been pegged to the USD, at what is now the rate of ₼1.70 to US$1 or today 1 AZN = 0.59 USD. Okay so what’s Mnt Goat’s point? My point in explaining all this to you today & from the article is this: 1st, do you see how the country of Azerbaijan’s currency evolved over time? Yes, they too went through a redenomination from hyperinflation due to politics. 2nd, do you see how it took time for the rate for the AZM to settle down and to be what it is today, the nominal steady rate. What ! 1.Had to de-Ruble their economy 1st, when changing over to the manat. 2.Issuing of the newer lower denominations. 3.1st went through a period of higher inflation, once changed over to the manat & de-Rubled. 4.The country needed a new face & design on their currency when it gained its independence. 5.The new AZM then had to be stated back on FOREX. Does all this sound familiar to you? Can you see now the process of Dr Shababi with the IQD is nothing new? Its’ the ‘PROCESS”, yes the process of what they usually do to come back with a viable currency. We need to watch the process carefully not some bank stories, bank memos or rumors of exchange centers opening, etc., Get it? Do you see commonality here to what happened in Iraq? These are the most common elements of these currency revaluations & the processes that go on along with them. Remember a previous article told us that 60 countries went through this process, just like this. So why didn’t you hear about some of these other countries on the news? The fact is you won’t & you wouldn’t even heard about the manat either had it not been for following the Iraqi Dinar & this article from Iraq. But Azerbaijan’s currency revaluation is all over now, or is it? the common elements of the AZM RV compared to the IQD RV? If someone played their cards right in the recent past someone could have made millions off the changeover from the Soviet Ruble to the manat. Do you see it now? Okay, so let me explain yet further. So, this stuff happens in the currency market all the time only you have to follow the politics along with the economics of the country, to see it. This is why I keep telling you that you can’t separate politics from economics. You can get all this kind of information from the IMF & World Bank internet sites. Its all there. But it’s all public information & out there for the taking. Yes, they created this concept of this global currency reset & the real reset is happening already right in front of your noses only many of you can’t see it because they dwell so much on the Iraqi Dinar as a hinge pin & these this “1st Basket” of currencies they wait for it. Yes wait on the sidelines for, meanwhile all these other currencies have also been revalued. In today’s article titled “THE IRAQI COUNCIL OF MINISTERS APPROVES A SET OF SERVICE, ECONOMIC & URBAN DECISIONS”. The Council of Ministers, headed by Mohammed Shia Al-Sudani, issued on Tuesday, during the 40ty-5th regular session, a number of important decisions that fall within the government’s efforts to improve services & strengthen the economy & infrastructure in Iraq. This article just backs up with what I just told you above. The efforts, thus now the current news from Iraq is mostly about how they plan to rebuild their economy. Then along these same news lines were read another article titled “THE SLOGAN “MADE IN IRAQ” .. THIS IS WHAT IT NEEDS TO ACHIEVE “REAL IMPACT“. In it economic expert Safwan Qusay confirmed that the slogan “Made in Iraq” will not achieve a real impact unless the appropriate financial tools are provided to enhance local industrial production. Qusay said, “Recovering the due funds will contribute to expanding the scope of the Industrial Bank’s influence in supporting the national in, andustrial machine,” adding that “Iraq is in dire need of specialized loans to support various industries such as tourism, entertainment & the fishing industry, as these areas generate revenues that contribute to strengthening capital.” From this article can you see now how the banking reforms are going to help accelerate the rebuilding the Iraqi economy? Yes, by reforming the banking system it is going to allow capital to flow to complete these much needed projects & industrial base. Yes, then along these same news lines were read another article titled “AL-SUDANI: THE GRAND FAW PORT IS A STEP TOWARDS A NEW IRAQ IN THE HEART OF THE GLOBAL ECONOMY” PM Mohammed Shia al-Sudani stressed, during his visit to the Grand Faw Port in Basra Governorate, that “the port represents a step towards a new Iraq in the heart of the global economy.” Here it is & summarizes what I have been saying. In the article & I quote – “Al-Sudani pointed out that development & economic transformation are an “integrated approach,” stressing that “Iraq was & still is a fundamental pillar in the global economy,” & that “the path of development will be an artery linking most countries in the region.” Bottom line is, Iraq needed the infrastructure just like any other country to move ahead in its economy. Infrastructure takes many forms. It’s not just roads, water, sewer or electricity, which we witnessed them struggle with also in the past. It’s also Banking, Ports of entry to facilitate trade, Factories, Trade relations with other countries, etc., I really liked this article I will review today. Its titled “MAKKIA: IRAQ IS HEADING TOWARDS A MAJOR INVESTMENT MARATHON”. In it the head of the National Investment Commission, Haider Makiya, confirmed on Wednesday that Iraq is heading towards a major investment marathon for many projects, while he indicated that financing from international institutions reduces the burden on the Ministry of Finance by granting loans for investment projects. In the article, Makiya also said “we found many economic visions in the 1st version of the Iraq Economic Forum“, noting that “the issue of the possibility of benefiting from the financing of international institutions known to the CBI was raised. Why is this news so important? It is important because the “thinking” & now the “ability” to shift away from the CBI financing everything in Iraq from the CBI reserves, they are now reaching out to international institutions for money. So, you see once again the banking & stock market reforms are paying off & going to pay off even bigger. It’s all now coming together. 1st the reforms then they can rebuild the economy because you first needed the groundwork laid out.

Here's an article related to the above... USD strength will be the focal point in Sudani's Washington visit. Treat as a rumor...Not verified. Your opine. CLARE: USD Talks Are Centerstage. Article “THE DOLLAR IS ON THE SUDANESE DIALOGUE TABLE IN WASHINGTON.. AL-AWADI TALKS ABOUT THE FUTURE OF THE IRAQI DINAR” Quote “the Dollar file and the work of banks will be strongly present during the visit of PM Muhammad Shiaa Al-Sudani to Washington, suggesting that the Dinar’s situation in the future will be better.” Frank26: USD Talks. IQD UPDATE….SUDANI IS TALKING. USD Is The Topic. Militia Man: The Strength Of The USD. ARTICLE: The Iraq stage is clearly set for Al-Sudani to come to the USA…His achievements to date are phenomenal in totality! The DFI funds / funding having been the legal basis for depositing oil revenues in the new “IRAQ2” account with the Federal Reserve Bank in New York, “is the expiration of EO 13303″, which granted Iraq the ability for her funds to be deposited in an account to be protected with legal authority & to be where they are now.

FROM OTHER SOURCES: De dollarization 2024: BRICS Finishes USD. ARTICLE: The growing trend of de-dollarization, particularly since the events of 9/11, is closely linked to the strategic use of the USD as a tool of economic statecraft by the US. This use has been characterized by leveraging the Dollar's central role in global finance to enforce & implement US foreign policy objectives through sanctions & financial controls. Since 9/11, the US has significantly expanded the use of its financial power to target not only states but also individuals & entities deemed as threats. The weaponization of the Dollar became particularly evident with the implementation of financial sanctions against countries. like Iran and Russia, which were intended to exert economic pressure without direct military engagement. For instance, sanctions have been a critical tool in US efforts to influence Russia's actions in Ukraine, leveraging the Dollar's dominance to restrict Russian access to global financial markets & services. This financial strategy relies heavily on international banking & financial communication systems like SWIFT, which, due to the Dollar's dominance, fall under the influence of the US. The use of SWIFT has enabled the US to exclude entire nations from the international financial system, significantly affecting those nations' economies & putting immense pressure on their financial stability & sovereignty. The reaction to these actions has been a concerted push by several nations to reduce their reliance on the USD to avoid such vulnerabilities. Countries, particularly those frequently at odds with US policies, have been motivated to seek alternatives that would lessen the impact of US sanctions. This has led to increased use of local currencies in bilateral trade, the accumulation of gold reserves as an alternative to Dollar assets & the exploration of other international currencies for trade & reserve holdings. The broad effects of US financial policies & the perceived overreach in using the Dollar as a weapon have thus spurred on De-Dollarization efforts, as countries seek to mitigate their exposure to US policy shifts & sanctions. These efforts reflect a desire for greater economic independence & a shift towards a more multipolar global financial system, where the USD would potentially have less sway. We explore the trend of moving away from the USD among countries in the Global South. We will discuss the rhetorical approaches & current strategies employed by the BRICS nations & other countries in the Global South as they seek alternatives to the USD in international trade & finance. Here are some articles of Dinarian interests... USD Destroyed from Within. Thank you China Joe. Treat as rumors. Not verified. Your opine. FROM OTHER SOURCES: America’s Biggest Bank Sounds the Alarm Bell. ARTICLE: The CEO of JP Morgan Chase, did not open his annual shareholder letter with rosy language about the state of the world, or even enthusiasm about his bank’s record profits. Instead, he describes “yet another year of significant challenges” including the war in Ukraine, war in the Middle East, extreme tensions with China, higher food and energy prices, turmoil in the banking sector, outrageous government deficits& even major risks with the Federal Reserve’s monetary policy. Dimon writes that “America’s global leadership role is being challenged outside by other nations & inside by our polarized electorate,” & that this is a “time of great crises”. He went on with a few charts and thoughts about the bank’s business & financial performance over the last year… & then dedicated most of the remaining 57 pages of his letter to the serious problems which face the world. His observations are wide-reaching-- from the decay of social cohesion to the prospect of war and higher inflation, to the serious potential for a reset of the Bretton Woods system (which made the USD the world’s reserve currency). Frankly the letter almost reads as a manifesto written by someone who is completely fed up with government incompetence & positioning himself to run for office. I can’t agree with everything he says, but it’s obvious that his ideas are balanced & well thought out. There are a few points in particular worth repeating: 1. Keep it in perspective; the world is not coming to an end. “If you read the newspaper from virtually any day of any year since World War II,” Dimon writes, “there is abundant coverage on wars — hot & cold — inflation, recession, polarized politics, terrorist attacks, migration & starvation. As appalling as these events have been, the world was generally on a path to becoming stronger & safer.” This is absolutely a true statement. It’s easy to get caught up in the negativity while missing the abundance of growth and opportunity. In the year 1918, most people probably thought that the world was coming to an end. The Great War was at its peak, economies were faltering, inflation was surging, rationing & shortages were everywhere… & then the Spanish flu popped up and killed tens of millions of people. Bleak times indeed. And yet the next century was the most prosperous in human history… despite a very bumpy path along the way. This is similar to where we are today. Yes, Inspired Idiots have caused a gigantic mess. But the general trajectory of the human species is still improving. 2. That said, long-term risks should not be underestimated. Especially for the West. Economists and investors tend to be almost singularly focused on monthly inflation reports in an effort to divine if and when the Federal Reserve will cut interest rates. They’re entirely missing the point, Dimon writes. Month by month & even year by year, inflation numbers could vary wildly. But if you look at the big picture, you’ll see substantial evidence for future inflation. We’ve been writing about this for a long time. In fact, since inception we’ve only been focused on long-term trends… & we see these as highly inflationary. Similar to our view, Dimon understands how “ongoing fiscal [deficit] spending, remilitarization of the world, restructuring of global trade, capital needs of the new green economy & possibly higher energy costs in the future” are all inflationary in the long run. The inflation might not show up next month or next quarter, but he believes (as do we) that the coming years are full of “persistent inflationary pressures”. There are also significant risks to the current US-led global order; America’s influence is waning & Dimon writes that the “international rules-based order established by the Western world after World War II is clearly under attack by outside forces, somewhat weakened by its own failures & confusing and overlapping regime of policies.” As part of this, he talks about the distinct possibility for a reset of the post-WW2 financial system (known as Bretton Woods) that anointed the USD as the global reserve currency. He puts it succinctly: “we may need a new Bretton Woods.” We’ve been writing about this for years; the Dollar’s decline is a long-term trend, but for us, it’s an obvious one. You cannot run multi-trillion-Dollar deficits each year and still expect to be the world’s economic superpower. It’s notable that even someone like Dimon can see this coming. 3. These problems are still solvable. We’ve written extensively that the problems facing the US & the West are still solvable. For now. But every year that the problems continue to be ignored brings the country closer to a point of no return... where there is no way out but default. Dimon is not shy about offering up suggestions, many of which we have written about in the past. He talks about border security, streamlining sensible regulations, and economic policies which prioritize growth. “Unfortunately,” Dimon writes, “the message America hears is that the federal government does not value business — that business is the problem & not part of the solution.” “There are fewer individuals in government who have any significant experience in starting or running a company, which is apparent every day in the political rhetoric that demonizes businesses & free enterprise and that damages confidence in America’s institutions.” He says he finds it “astounding that many in Congress know what to do and want to do it but are simply unable to pass legislation because of partisan politics”. He goes on to list a multitude of government failures & the “staggering number of policies, systems & operations that are underperforming”, including pitiful public schools, broken healthcare, infrastructure woes (especially the energy grid), terrible immigration policy, Social Security’s looming insolvency & more. Dimon states very clearly that the federal government “needs to earn back trust through competence & effective policymaking.” True statement. But I’m not holding my breath. Because in related news, the WH just announced that Joe Biden is working on yet another way to forgive student debt for 30 million Americans. He doesn’t seem to care that the Supreme Court already rejected his previous effort to forgive student debt, saying he did not have the legal authority. It’s pathetic that the cost of university education is so high… especially given how many degrees in an AI-world are useless. Plus many universities these days are just hotbeds of radicalization. It hardly seems worth taking on $80,000 of debt for such a dubious outcome. But nevertheless, taxpayers have footed the bill for college & loaned out over $1 trillion to students across the country. This is a basic tenet of capitalism (which Mr. Biden claims to embrace): debts have to be paid. But because this guy’s poll numbers are so pathetic-- especially with young people-- he’s trying to score points by canceling their debts. Well, canceling student debt means that taxpayers will lose hundreds of billions in loans that they made. So rather than taking steps to strengthen America’s balance sheet, the President is once again violating the law to make the balance sheet worse… all to improve his image among young voters. This is hardly a way to restore trust in government. So again, I’m not holding my breath. Dimon’s letter is worth the read if you have the time. You might not agree with everything he says, but it is rather telling that the CEO of the country’s largest bank is speaking so plainly about obvious risks. It’s another reminder of why it makes so much sense to have a Plan B.

Here's some articles of Dinarian interests... De-Dollarization of Iraq implemented. US puts more pressure on CBI. Treat as rumors. Not verified. Your opine. Yada: De-Dollarizing Iraq. ARTICLE: The removal of the Dollar will increase the value of the Dinar from the reissued rate & none of the international contracts would be worth anything if the rate was not adjusted. We are in the midst of seeing that now… Understanding where Iraq came from, what they had to do go get back to international standards & watching it come to pass as needed is key to confidence we are about see it transpire. Tlm724 Administrator Bondlady’s Corne: US Pressure On The Central Bank & Finance Is Pushing The Dollar Towards Decline. ARTICLE: Informed sources confirmed that the US Ambassador in Baghdad, Alina Romanowski, with the support of a specialized team from the UST T, exerted significant & continuous pressure on the CBI & the Ministry of Finance in order to adhere to international standards in the field of transferring & exchanging money with the world. Three sources familiar with Iraqi political & economic affairs, on condition that their names not be mentioned, explained to Al-Mustaqla that these pressures came within the framework of the US’ efforts to enhance financial & economic stability in Iraq & to stand up to money laundering operations, terrorist financing & Ddollar smuggling to parties classified by the international community as supportive of terrorism.

Here's three articles of Dinarian interests... Stern controls over the USD are being implemented in Iraq. This is to counter corruption & illegal trade with US sanctioned nations. The USD will still be used in Iraq but it will be tightly controlled. Treat as rumors. Not verified. Your opine. FROM OTHER SOURCES: Will The Dollar Disappear In Iraq? ARTICLE: For eight months, the CBI has been unable to stop the rampage of the Dollar against the Dinar in the parallel market. This is offset by the absence of the ability to meet the Dollar demands that cover foreign trade in light of the expansion of Iraq’s import list & its limitation to exporting oil only. The electronic platform recently introduced by the CBI was not able to restore stability to the parallel market & reduce the gap between the official price & the parallel price, as most transfers still take place outside that platform, especially with countries that are witnessing US sanctions such as Iran, Syria & entities in Turkey. With this landscape full of uncertainty, Iraq intends to completely ban transactions in US Dollars starting from January 2024, under the pretext of reducing the misuse of hard currencies, financial crimes & currency smuggling abroad. From my point of view, the timing of this measure is not correct, in light of the absence of solutions to the problems facing the parallel markets for foreign currency, as this portends an exacerbation of the cash or cash crisis in Iraq, and there is a possibility that matters will reach a severe shortage in the Iraqi monetary mass, which means resorting to… The CBI will print money & the consequences will be dire, most notably the monetary inflation that a number of countries in the region are currently witnessing, such as Iran, Turkey & Lebanon. Here I call on the CBI to work diligently towards adopting a new currency to replace the Dollar, such as the Euro, for example, the Chinese yuan, or the Emirati dirham. This is not easy, but it is not impossible, while working to use gold as an agreed-upon unit for evaluating goods & services. This trend would reduce the pressure on the Dollar in the parallel market & would also be a fatal blow to speculators in the parallel markets, in addition to preserving trade with countries that are currently witnessing economic sanctions by the UST Department & the US Federal Bank. Today, the CBI has a historic opportunity to address and manage the Dollar ER & arrange the parallel market securities, in a practical & decisive manner & work to determine priorities in the monetary market with the aim of improving the stability of the foreign currency. This is matched by a serious effort to push private banks towards providing the best services to customers & creating a spirit of competition between them. In order to attract the hoarded cash mass outside the Iraqi banking system. FROM OTHER SOURCES. Strict Measures Regarding The Dollar In Kurdistan Following A Decision Related To The Iraqi Dinar: ARTICLE: Kurdistan Customs Director Samal Abdul Rahman revealed that strict measures have been taken for the purpose of preventing the smuggling of Dollars & hard currency from the region. Abdul Rahman told “Baghdad Today”, “The decision to collect fees in Iraqi Dinars at border crossings is an important decision aimed at preserving the hard currency & also strengthening the Iraqi Dinar.” He added, “This measure is very important, and a good step aimed at strengthening the dinar, and the measures taken by the Customs Directorate at all ports and airports are deterrent measures for the purpose of preventing smuggling.” FROM OTHER SOURCES: The Kurdistan Regional Gov To Collect Taxes, Fees At Border Crossings In IQD, Instead Of The USD. ARTICLE: The Department of Media and Information stated in a statement, “Based on a decision issued by the Kurdistan Region Council of Ministers, customs duties and taxes at border crossings and customs points will be collected in Iraqi Dinars instead of Dollars,” indicating that “any party that does not adhere to this decision will be subject to punishment.” She stressed that “all ministries & relevant authorities will be bound by this decision & in the event of any violation occurring at one of the border crossings or customs points, the violator will be subject to punishment.” Experts point out that some of these cash sales allocated to travelers leak into the black market and are purchased by merchants to finance their trade with countries banned from the Dollar, led by Iran, from which Iraq’s annual import volume amounts to approximately 10 billion Dollars.

Here's an article of Dinarian interests... US has the right to set controls on the use of its currency. Treat as a rumor. Not verified. Your opine. FROM OTHER SOURCES: Sudanese Advisor: America Gives Us Instructions & Does Not Impose Pressure On The Dollar. ARTICLE: Muhammad al-Najjar, advisor to the Prime Minister for Investment Affairs, stressed that the method of cash in Iraq must be electronic, noting that the US Federal Reserve’s instructions to Iraqi banks were years ago, but previous governments “ignored” them.” Regarding the impact of the Dollar ER on internal investment in Iraq, Al-Najjar said in a press interview that this problem produced confusion in the market at the beginning of its appearance, due to the presence of contracts signed in Dollars, but now it has “adjusted” because most of the contracts, especially the executive ones, were signed in Iraqi Dinars, indicating that the issue The effect will decrease until the old contracts signed in US currency expire. He pointed out that countries around the world approve contracts in local currency, with exceptions, according to the type of project. Regarding the possibility of controlling the Dollar ER or not, he commented that this is “related to the transfer of a culture, from paper to electronic & this process takes time,” stressing the need for the method of cash in Iraq to be electronic & not as is prevalent through paper currency. The Prime Minister’s Advisor for Investment Affairs pointed out that “some are trying to exploit this stage,” pointing out that the process of transferring from cash to data “is in the interest of the Iraqi state to control & track funds, especially in light of the existing financial corruption.” Regarding the US Federal Reserve’s pressure on Iraq, Muhammad al-Najjar considered it “instructions, not pressures,” adding that the US government has the right to set controls on the use of its currency.