Tuesday, March 18, 2025
FRANK26: "DO YOU RECALL... WE SAID THESE SAME WORDS LAST NIGHT ON OUR UB2B?", 18 MARCH
KTFA
FRANK26: "DO YOU RECALL... WE SAID THESE SAME WORDS LAST NIGHT ON OUR UB2B?"
Up to 25%... Continued delays and a growing deficit in the 2025 budget
3/15/2025
Baghdad
Financial and economic expert Haider Al-Sheikh revealed, on Saturday (March 15, 2025), the latest developments in the 2025 budget schedules, noting that the Ministry of Finance is still delaying its preparation so far.
The sheikh explained to Baghdad Today that “the ministry has not yet completed preparing the schedules, which postpones sending them to the Council of Ministers and then to the House of Representatives for a vote.”
While the sheikh denied reports circulating about the bill being referred to the government, he suggested it would likely be sent before the end of Ramadan, with the bill arriving in Parliament after Eid al-Fitr.
He pointed out that "the total budget for 2025 exceeds 200 trillion dinars, while actual expenditures amount to 150 trillion dinars, with a financial deficit amounting to 25% of the total budget."
The Prime Minister's financial advisor, Mazhar Mohammed Saleh, announced in a statement to the Official Gazette last Thursday that "the 2025 budget tables will be sent to the House of Representatives in the coming days," indicating that "the total budget amounts to 200 trillion dinars," noting that "two-thirds of the budget is for employees and retiree salaries, social welfare, and operating wages."
He revealed that "the hypothetical budget deficit amounts to 64 trillion dinars, and that it will be financed from domestic sources if oil prices fall below $70 or exports fall below 3.4 million barrels per day."
LINK
JON DOWLING : Quick RV Updates 14th March 2025, 18 MARCH
JON DOWLING : Quick RV Updates 14th March 2025
Highlights
Summary
In the weekly RV report for March 14, 2025, John discusses several significant geopolitical and financial developments impacting global markets, with a focus on Iraq,
cryptocurrency, and precious metals. He begins by affirming that he is not a financial advisor, stressing that viewers should use the information provided for their personal discernment.
Key points include the announcement of payments to the Iraqi people, the potential political appointment of a new prime minister, the financial reforms in Iraq, and the implications of recent oil and gold prices. John also highlights the importance of developments in cryptocurrencies,
specifically XRP, which is suggested to be adopted across the Middle East. He references prophetic insights related to XRP and financial trends, underscoring the necessity of preparedness in financial investments, especially in precious metals, as significant shifts in global economic structures appear imminent.
- 📈 Iraq’s Payment News: Iraqi citizens will receive their long-awaited payments, indicating a shift towards financial stability.
- 🔑 Corruption in Leadership: The likely appointment of corrupt Prime Minister Al-Sudani raises concerns about Iraq’s future governance; however, past leaders like Haider al-Abadi may be given another chance.
- 🌍 International Alliances: A strategic partnership involving 12 countries, including China and the U.S., is formed, suggesting collaboration towards economic stability.
- 📊 Record Gold Prices: Gold prices reach historic highs above $3,000, indicating an impending shift in wealth dynamics and the dismantling of traditional banking structures.
- ⚖️ Cryptocurrency Adoption: The UAE and other Middle Eastern nations are moving towards adopting XRP as their primary digital currency, potentially transforming the region’s financial landscape.
- 💹 Securities Law Developments: Awaiting a favorable outcome from the SEC lawsuit against Ripple, with XRP price predictions reaching between $5 and $30 following a settlement.
- 🌌 Prophetic Insights: The late Kim Clement’s prophecies about XRP are emphasized, reinforcing believers’ faith in the cryptocurrency’s potential.
Key Insights
🚀 Iraq’s Financial Reforms are Critical yet Delicate: While Iraq is on a promising path to reform, the mention of corruption and leadership changes destabilizes the situation. The anticipated reforms need to be managed carefully as external pressures, particularly from geopolitical rivals and internal dissidence, could affect their effectiveness. The outcome of these reforms is closely linked to international relationships and the broader context of regional instability.
🪙 The Growing Precious Metals Market: With gold prices crossing $3,000 and silver experiencing significant price movements, a major uptick in interest could well result from fears around inflation and currency devaluation. Investors are advised to consider precious metals as a hedge against financial chaos, especially as inventory audits reveal possible shortages. This insight underscores the critical timing for investments in physical assets.
🛢️ Oil Market Volatility: As oil prices fluctuate, their relationship with financial markets and geopolitical events highlights potential investments. The report indicates that if crude prices were to drop significantly, it could potentially trigger a surge in gold and silver prices, affecting curriculums in international monetary systems.
🌐 XRP’s Emerging Dominance: The anticipated approval of XRP within Middle Eastern banking systems showcases
Iraqi economy.. Challenges and opportunities in light of global financial transformations, 18 MARCH
Iraqi economy.. Challenges and opportunities in light of global financial transformations
Mazhar Mohammed Saleh, the Prime Minister’s Economic Advisor, confirmed on Monday that the government is working seriously to reduce dependence on the US dollar in internal trade and promote the use of the Iraqi dinar in financial transactions
In his interview with {Euphrates News}, Saleh pointed to “the importance of continuous cooperation with the international financial community to alleviate the burdens and external restrictions on foreign exchange transfers. ”
He pointed out that “this trend reflects Iraq’s strategy to combat the smuggling of foreign currency, by strengthening cooperation with international financial institutions to monitor illicit money flows, which contributes to the stability of the national economy and supports Iraq’s ability to overcome global financial challenges.”
From.. Ragheed
https://alforatnews.iq/news/الاقتصاد-العراقي-التحديات-والفرص-في-ظل-التحولات-المالية-العالمية
BANK STORY FROM MARKZ: THE DINAR IS A GOOD INVESTMENT, 18 MARCH
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