Monday, June 23, 2025
Public Debt Challenges
Public Debt Challenges
Economic 06/23/2025 Yasser Al-Mutawali Public debt, in all its forms and varieties, whether external or domestic, is one of the most complex challenges facing countries, especially developing countries and even those poised for growth.
One of the most prominent policies of international capitalist institutions and banks is to drown countries in foreign debt with the aim of dominating and controlling them and containing their economies (economic colonialism) or (economic monopoly), call it what you will, including some multilateral financial institutions, by imposing on borrowing countries firm reforms that appear to improve the economic situation but in reality make their economies completely subservient to the wills and policies of the countries.
Perhaps the public (external) debt is a double-edged sword for those who do not invest it well in developing economic sectors and achieving development that leads to stability.
If the public debt is for consumer spending purposes, then this is where the ultimate disaster occurs.
This policy pursued by international institutions has created a sense of international frustration,
particularly with the use of debt as a weapon against countries and the imposition of binding
sanctions.
Therefore, you find that most countries, especially the superpowers, are at the forefront of those seeking an alternative to the dollar as a unit of measurement for trade transactions, debts, stocks, and bonds.
I was once struck by a statement made by someone, from an economic analysis perspective, that the
incurrence of domestic debt has no impact on the financial situation, which is truly surprising.
Public (domestic) debt is sometimes worse than external public debt, especially if it is used outside budget allocations or purposes, such as political purposes or for liquidity purposes to cover excessive operating expenses, etc.
This debt often relies on foreign exchange reserves, which erode them.
This poses a risk of accelerating financial crises.
Domestic public debt increases the budget deficit, which in turn impacts inflation rates, rising prices, and a lack of liquidity.
This highlights the eternal contradiction and overlap between monetary and fiscal policies.
While monetary policy seeks to reduce annual inflation growth rates and increase foreign exchange reserves, fiscal policy implements government policies that contribute to government spending,
which sometimes intersects with the goal of monetary stability.
This imbalance in our experience in Iraq may be due to the absence of sovereign funds that would balance these two policies and achieve their developmental and financial stability objectives.
Therefore, the monetary authority needs efficient management to achieve financial and monetary stability and thus economic stability on an ongoing basis. https://alsabaah.iq/116419-.html
EXCERPTS FROM MARKZ
EXCERPTS FROM MARKZ
MZ: I am being told this situation with Iran is speeding things up…not slowing things down.
MZ: I have a number of bond contacts who are surprisingly upbeat after this last weekend. They feel very confident this is their week.
MZ: Seems to me there needs to be a few more things settled, but for some reason many group contacts are again traveling this week. They believe that what happened in attacking Iran’s nuclear sites will spur things forward. I don’t know what to think about this.
MZ: I have 3 different contacts who say this is the best thing since sliced bread and it will be the final stage before they release the value. I’m still a bit conflicted whether to be excited or not.
The Central Bank Participates In A Workshop On Governance And Compliance In The Field Of Money Laundering And Terrorist Financing.
The Central Bank Participates In A Workshop On Governance And Compliance In The Field Of Money Laundering And Terrorist Financing.
June 22, 2025 The Central Bank of Iraq's Mosul branch participated in the "Governance and Compliance in the Field of Money Laundering and Terrorist Financing" workshop, organized by Rashid Bank in Mosul Governorate.
The workshop emphasized the need to enhance employees' and officials' understanding of the importance of anti-corruption, money laundering, and terrorist financing measures, as well as to implement local and international best practices in this area.
The workshop sought to highlight the importance of enhancing the bank's role through financial inclusion initiatives and providing the best banking services to citizens.
Central Bank of Iraq Media Office June 22, 2025 https://cbi.iq/news/view/2914
Monday Coffee with MarkZ. 06/23/2025
Monday Coffee with MarkZ. 06/23/2025
Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Happy Monday Morning
Member: Another week so lets see what it will bring us all… just like the sands of time, so go the days of our lives
Member: Almost the end of the month once again and we're still all up in the air waiting with a smile on our faces.
Member: Rumours are Big and Buzzing all around Telegram !! lol Will this Iran thing delay the RV?
MZ: I am being told this situation with Iran is speeding things up…not slowing things down.
MZ: I have a number of bond contacts who are surprisingly upbeat after this last weekend. They feel very confident this is their week.
MZ: Seems to me there needs to be a few more things settled, but for some reason many group contacts are again traveling this week. They believe that what happened in attacking Iran’s nuclear sites will spur things forward. I don’t know what to think about this.
MZ: I have 3 different contacts who say this is the best thing since sliced bread and it will be the final stage before they release the value. I’m still a bit conflicted whether to be excited or not.
Member: This war is possibly a scripted movie…..Im not even following anymore, it will play out…
Member: I believe this event will speed up the RV .. that's the goal to free us from slavery
Member: The exiled crown prince of Iran calls for regime change
Member: The markets are all in the green, so apparently the market makers aren’t too worried
MZ: Several on the bond side are expecting their final contracts/payments this week. And that the chances of it happening greatly improved since yesterday. That is what their updates have stated.
MZ: I have not heard anything on individual currencies or CMKX this weekend.
Member: I just hope you will be able to broadcast before the internet goes down Mark
MZ: I don’t expect the internet to go down. I was told it will go down in certain areas for short amounts of time during clean up operations…... but, They need it to release disclosure.
Member: The Ministry of Trade announced plans on Saturday to develop infrastructure by digitizing services to accelerate trade and reduce costs. Thoughts?
MZ: Its all part of Iraq’s White Paper reforms. It is lovely watching it all roll out. They are doing what they need to in order to increase the purchasing power of the dinar again.
Member: A Security Alert from the US Embassy was issued today here in the UAE and in the region.
Member: the bombing over the weekend reminded me of topgun maverick movie
MZ: “Washington warns of economic suicide if Iran closes the straits of Hormuz” Oil from Iraq , the UAE and Saudi Arabia goes through the straits of Hormuz on the way to Europe and China. If Iran shuts it down…it would paralyze Iraq’s oil exports.
MZ: Iran is in a very tough spot.
Member: the straight of hormuz is 21 miles wide, 20% of the world’s oil travel through it.
MZ: The oil pipeline going from Iraq through Turkey is suddenly becoming very important. “Iraq discusses exporting oil through Turkey” to keep Europe from crashing.
Member: I look at Iran and them blocking oil as a dog biting it's own tail…. if they keep that up
MZ: Iraq is stating they are not involved in this was and will not be involved in it.
Member: will the dinar be connected to crypto currencies ? Is that how they will make things work?
MZ: We know they are going digital …and the I-dinar is an asset backed digital dinar. And their cash would represent the digital currency backed by assets….so for me, yes it is loosely connected to crypto currency because it will use a blockchain ledger.
Member: DJT announced the tariffs are working.....I wonder how soon before we see the External Revenue Service created?
Member: I am starting to feel that this is all a babysitting job to keep us quiet while they do the new world order?
MZ: I know there are 2 competing resets. That of “the new world order” and the other is freedom and sound money. I know which one wins inevitably…..the question is “what does the journey look like”?
Member: And the length of that damn journey…sigh. .
Member: if you think the RV is fake... you are on the wrong page. IMO
Member: Kerry Ann Thornton says we could see the RV in the next 72 hours.
MZ:I have quite a few contacts who say that may be right….I’m just having a though time believing that right now.
Member: Hopefully-We will be celebrating this 4th of July like we’ve never celebrated before
Member: thanks Mark and Mods….everyone have a great day.
Mark reads an article about the history of banks and the Federal Reserve and the enslavement of mankind written by Steven Mitford during this podcast..…….
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