Iraq Boosts Gold Reserves & Plans Dinar Revaluation!

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Date: October 15, 2025

The Central Bank of Iraq announced it has doubled its gold reserves — now holding 170 tons, making up 20% of its total assets 🪙.
Iraq is now 4th in the Arab world and 29th globally in gold holdings 🌍.
📈 The Deputy Governor also revealed plans to remove zeros from the dinar, aiming to simplify transactions and reduce cash hoarding — a move that could pave the way for revaluation 💵.
🔒 No plans to float the exchange rate — stability remains the top priority.

Discussions on Turkey's entry into BRICS

Kremlin allowed Putin and Erdogan to discuss Turkey's entry into BRICS.
Press Secretary of the President of the Russian Federation Dmitry Peskov admitted that today in Sochi, during a meeting between Vladimir Putin and Recep Taypiy Erdogan, the topic of Turkey's entry into the BRICS may be raised.
'As for the BRICS, it cannot be ruled out,' Peskov said.
Russian President Vladimir Putin at a meeting with his Turkish counterpart expressed the hope that it would be possible to sign a memorandum on the development of trade and economic ties.
Recep Tayyip Erdogan told Putin that they have to open a new page in matters of cooperation.
Putin and Erdogan discussed gas supplies to Turkey, and agreed on partial payment for gas in rubles
Sources: www.mk.ru

Elon Musk: ending the FED is necessary

November 1 update:
A new exchange of lines between Elon Musk and Ron Paul regarding cutting spending:
Elon Musk: Would be great to have Ron Paul as part of the Department of Government Efficiency!
Ron Paul: I'd be happy to talk with you about it, Elon.
October 30, 2024:
Elon Musk has publicly supported former Congressman Ron Paul's call to abolish the Federal Reserve.
In a recent post on X, Paul criticized large-budget government spending, singling out the military-industrial and pharmaceutical complexes as "big welfare recipients."
He suggested a $2 trillion budget cut, finishing with the bold proposal to "End the Fed."
Musk replied simply: "Needs to be done."
Musk's endorsement has sparked renewed debate over central banking, with many speculating if this might signal his support for decentralized financial models like cryptocurrency.

Zimbabwe to join BRICS

Zimbabwe set to apply to join BRICS.
Zimbabwe has made overtures to join emerging economies that make up the BRICS bloc as part of its engagement and re-engagement thrust, which is particularly designed to increase the countries' clout globally, President Mnangagwa has said.
Sources: thezimbabwemail

State of the Union speech delayed to March

On the 20th January, Biden was scheduled to make his first State of the Union speech.
The speech has been delayed due to the current explosion of infections in the US, causing a breakdown in basic functions and services.
So, Joe Biden will give his first State of the Union address to Congress on March 1, the White House said.
Source: www.cnbc.com

China imports gold to revive an economy

China's net gold imports via Hong Kong jumped to a nine-month high in July, data showed on Thursday, with banks snapping up bullion as Beijing works to revive an economy.
Net imports stood at 48.773 tons in July, compared with 40.563 tons in June.
Total gold imports via Hong Kong were up nearly 23.7 percent to 53.91 tons.
Source: reuters.com