FRANK26….5-2-26…..GOVT WANTS RATE

KTFA

Saturday Night Video

FRANK26….5-2-26…..GOVT WANTS RATE

This video is in Frank’s and his team’s opinion only

Frank’s team is Walkingstick, Eddie and Omar in Iraq and guests

Playback Number: 605-313-5163   PIN: 156996#

https://www.youtube.com/watch?v=3gKTwgKNfNM

Freedom Fighter: Attention to those Holding Foreign Currencies

Freedom Fighter: Attention to those Holding Foreign Currencies

5-1-2026

Attention: Global Currencies (IQD, VND, VES)

Today, May 1st — it’s OFFICIAL.

The UAE has officially LEFT OPEC to take full control of its oil production and sales.

Iraq (Dinar), Iran, Venezuela (Bolívar), and other oil-rich nations are directly tied to these changes—because their CURRENCIES are connected to oil production and global oil flows.

Oil flows are shifting in real time.
And when oil flows shift… currencies follow.

Less centralized control → more independent oil sales → changing demand for currencies tied to those exports

This is how CURRENCIES move.

Receipts:

The U.S. Dollar is weakening now — and that shift is increasing the value and buying power of those holding other CURRENCIES

This is happening in real time.

Watch closely:

• Vietnamese Dong (VND) — emerging market demand strengthens
• Venezuelan Bolívar (VES) — benefits from global liquidity shifts
• Iraqi Dinar (IQD) — tied to oil flows and cross-border movement
• Japanese Yen (JPY) — rising as capital rotates

This is the pattern:

When the USD weakens → other currencies gain strength
When other currencies gain strength → holders of those currencies gain advantage

Source: Just released by Reuters.

Receipts:

Source(s):
• https://x.com/FreedomFight12/status/2050238629755179334

https://dinarchronicles.com/2026/05/02/freedom-fighter-attention-to-those-holding-foreign-currencies/

Why the Fed Regards Gold as an 'Existential Threat' - James Grant

Why the Fed Regards Gold as an 'Existential Threat' - James Grant

Kitco News:  5-2-2026

As the U.S. debt hits 100% of GDP and the 30-year Treasury yield nears the 5% mark, the bond market is finally forcing Washington’s hand.

 In this deep-dive interview, James Grant, founder of Grant’s Interest Rate Observer, joins Jeremy Szafron to discuss why the Federal Reserve now regards gold as an "existential threat" to its discretionary power.

Grant warns that the current era of "Fiscal Dominance" means the Treasury’s interest bill is increasingly limiting what monetary policy can actually achieve.

We explore the hidden "time bomb" in the $30 trillion private credit market, where stripped-away covenants and opaque "marks" have created a cycle that Grant believes must end in a "gale of fear".

From the AI CapEx bubble to the 91-year debasement of the dollar, this is a masterclass in credit discipline and monetary history.

00:00 Inflation Meets Bonds: The 5% Warning

 00:54 Fiscal Dominance: Is the Treasury Running the Fed?

03:29 The Private Credit Time Bomb

04:05 Insurance Risk: Private Equity’s New Play

07:24 The Erosion of Covenants and Opaque Marks

10:18 LMEs: The "Extend and Pretend" Peak

12:38 The AI CapEx Bubble: Bubble vs. Use Case

17:02 Tech Cycles: Lessons from Railroads & Fiber Optics

19:44 Dollar Liquidity and the Fed’s Next Trap

24:18 The 91-Year Debasement Trade: Gold $4,500

28:55 Silver: Industrial Demand vs. Monetary Value

42:39 Why the Fed Hates Gold: The Hard Limit

https://www.youtube.com/watch?v=6-E9bTSuj0o

Seeds of Wisdom RV and Economics Updates Saturday Afternoon 5-2-26

Good Afternoon Dinar Recaps,

Hormuz Shock Escalates: Oil Spike and Sanctions Threats Push Global System Toward Breaking Point

Severe disruption in the world’s most critical النفط corridor is driving energy prices higher and forcing financial systems into a new phase of instability

 OVERVIEW (KEY POINTS)

Global markets are under mounting stress as the Strait of Hormuz crisis deepens, with both military tension and financial restrictions tightening simultaneously.

This is happening now because oil flows through one of the world’s most critical chokepoints have been severely disrupted, while new U.S. warnings on sanctions are complicating global shipping operations.

Key players include the United States, Iran, OPEC+, global shipping firms, and central banks now reacting to rapidly rising oil prices and supply uncertainty.

The broader implication is clear: energy supply disruption combined with financial enforcement mechanisms is accelerating systemic strain across the global economy.

KEY DEVELOPMENTS

1. Oil Prices Surge to Multi-Year Highs

Energy markets are under extreme pressure.

• Crude prices have surged above $120–$125 per barrel amid supply disruptions

• Analysts warn of potential fuel shortages and inflation spikes

2. Strait of Hormuz Effectively Disrupted

Critical global supply route is constrained.

• Roughly 20% of global oil flows through the strait

• Shipping traffic significantly reduced due to conflict and security risks

3. U.S. Threatens Sanctions on Shipping Firms

Financial pressure is escalating.

• Companies warned against paying Iranian transit fees

• Violations could trigger sanctions enforcement and penalties

4. OPEC+ Faces Supply Constraints Despite Planned Increases

Production policy meets reality.

• OPEC+ signaling output increases, but physical supply remains limited

• Export constraints preventing meaningful market relief

5. Central Banks Confront New Inflation Shock

The policy environment is tightening again.

• Rising oil prices feeding into global inflation expectations

• Increasing difficulty balancing growth vs. price stability

WHY IT MATTERS

This situation represents a direct collision between geopolitics and global finance, where physical supply disruption is now amplified by financial restrictions like sanctions.

Markets are reacting with heightened volatility across energy, currencies, and bond yields, reflecting uncertainty about how long disruptions will persist.

For policymakers, rising energy costs are reigniting inflation just as economies were attempting to stabilize, complicating decisions on interest rates and liquidity.

At the system level, this highlights a key vulnerability: global finance depends on stable energy flows—and that stability is now under threat.

WHY IT MATTERS TO FOREIGN CURRENCY HOLDERS

• Purchasing power declines as energy-driven inflation rises

• Currency volatility increases due to trade imbalances

• Oil-importing nations face significant pressure

• Dollar strength may persist amid global uncertainty

IMPLICATIONS FOR THE GLOBAL RESET

• Pillar 1: Energy Control Reshaping Financial Power

Disruptions in critical energy routes are reinforcing the importance of resource control in global financial influence.

• Pillar 2: Financial Enforcement Expands Beyond Markets

Sanctions tied to shipping and trade signal a shift toward financial systems being used as tools of geopolitical enforcement.

CONCLUSION

The escalation in the Strait of Hormuz is not just a regional issue—it is a global financial stress event with far-reaching consequences.

As oil prices surge and shipping becomes more restricted, the effects are cascading across inflation, trade, and monetary policy.

This moment underscores a deeper shift: energy security and financial stability are now inseparable.

When the world’s most critical energy artery is constrained, the global financial system feels it immediately.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Reuters — "OPEC+ set for output hike despite Hormuz disruption"

• New York Post — "US warns shipping firms over Iran toll payments"

~~~~~~~~~~

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Thank you Dinar Recaps

Iraq Economic News and Points To Ponder Saturday Afternoon 5-2-26

Iraq’s Central Bank says dollar flows steady despite oil halt

2026-05-02 Shafaq News- Baghdad   US dollar transfers to Baghdad are continuing normally despite the halt in oil export revenues, Central Bank of Iraq (CBI) Governor Ali Al-Allaq said on Saturday, rejecting reports of a stoppage.

Speaking at the Sin Dialogue Forum, Al-Allaq confirmed that public-sector salaries remain secured, noting that the CBI will “continue supporting” the government despite reduced fiscal flexibility following the suspension of Iraq’s main oil export outlet amid the ongoing blockade of the Strait of Hormuz by Iran and the United States.

Transfers now account for about 95% of total dollar sales after the bank shifted operations into regulated channels aligned with anti-money laundering and counter-terrorism financing rules, while annual cash imports were reduced from around $14 billion to roughly $4 billion, limited mainly to travelers. Al-Allaq explained that the central bank cannot lend directly to the government but can use alternative tools, including securities, to manage liquidity and sustain spending.

He added that there are no restrictions on foreign currency transfers or sales, noting that dollars remain available for trade and travel, while the parallel market rate is unofficial and outside the bank’s framework.

The United States has for years transferred cash shipments to Baghdad in amounts ranging between $400 million and $500 million per tranche, tied to Iraq’s oil revenues. Washington suspended these transfers in April, according to US reports at the time, citing an escalation in attacks by Iran-linked armed groups against American interests. However, Iraqi economist Nabil Al-Marsoumi indicated that a new shipment of US dollars has arrived in Baghdad as part of ongoing monthly transfers.

Read more: Iraq’s oil bottleneck: Abundance trapped by dependency

https://shafaq.com/en/Economy/Iraq-s-Central-Bank-says-dollar-flows-steady-despite-oil-halt 

Oil prices retreat despite continued Strait of Hormuz blockade

2026-05-02 Shafaq News   An Iranian proposal on negotiations with the US sent crude oil futures diving on Saturday, but prices remained on track for weekly gains, with Tehran still blocking the Strait of Hormuz and the U.S. Navy blocking exports of Iranian crude.

Brent crude futures for July settled at $108.17, down $2.23 a barrel, or 2.02%. West Texas Intermediate futures finished at $101.94 a barrel, down $3.13, or 2.98%.

Iran sent its latest proposal for negotiations with the United States to Pakistani mediators on Thursday, state news agency IRNA reported on Friday, a ⁠move that could improve prospects for breaking an impasse in efforts to end the Iran war.

Still, the Brent benchmark and WTI were poised for a 2.95% gain over the week. Brent's June contract hit $126.41 a barrel on Thursday, marking the highest level since March 2022, before ending the session down.

"This Iran proposal has given hope to the market that there is an off-ramp for the United States," said Phil Flynn, senior analyst with Price Futures Group.

Oil prices have been on the rise since the U.S. and Israel attacked Iran at the end of February, resulting in the closure of the Strait of Hormuz and the disruption of shipments of about a fifth of the world’s ⁠oil and liquefied natural gas supply.

A ceasefire has been in place since April 8. UAE presidential adviser Anwar Gargash said on Friday Tehran could not be trusted over any unilateral arrangements it makes for the Strait of Hormuz, in a sign of deep mistrust on all sides.

By the end of trading on Friday, the oil market appeared to be accepting the uneasy truce in ⁠the conflict.

"The market rises and falls on the prospects of an outcome to the conflict," said John Kilduff, partner with Again Capital. "And right now the situation is a stalemate, at least until the market closes."

A senior official of Iran's Revolutionary Guards had ⁠threatened on Thursday "long and painful strikes" on U.S. positions if Washington renewed attacks on Iran, pushing oil prices to intraday peaks before retreating.   (REUTERS)

https://www.shafaq.com/en/Economy/Oil-prices-retreat-despite-continued-Strait-of-Hormuz-blockade

Basrah Crude Ends Week Higher

2026-05-02 Shafaq News- Basrah   Iraq’s Basrah crude grades posted weekly gains of more than 1% last week.

Basrah Heavy edged down by $13.60 in the latest trading session to $121.73 per barrel, while still recording a weekly gain of $1.36, or 1.13%. Basrah Medium also fell by $13.60 to $123.83 per barrel, posting a weekly gain of $1.36, or 1.11%.

Global oil benchmarks rose as investors assessed the impact of the US–Iran war on energy markets amid concerns over possible supply disruptions in the Middle East.

Brent crude futures settled $2.23 lower, or 2.02%, at $108.17 a barrel. US West Texas Intermediate (WTI) ended at $101.94 a barrel, down $3.13, or 2.98%. Despite the daily losses, both Brent and WTI were still set to close the week with gains of about 2.95%.   https://www.shafaq.com/en/Economy/Basrah-crude-ends-week-higher

Dollar Drops In Baghdad, Remains Constant In Erbil

2026-05- Shafaq News- Baghdad/ Erbil   The US dollar opened Saturday’s trading lower in Iraq, hovering around 153,000 dinars per 100 dollars.

According to a Shafaq News market survey, the dollar traded in Baghdad's Al-Kifah and Al-Harithiya exchanges at 153,100 dinars per 100 dollars, down from the previous session’s 153,900 dinars.

In the Iraqi capital, exchange shops sold the dollar at 153,500 dinars and bought it at 152,500 dinars, while in Erbil, selling prices stood at 153,700 dinars and buying prices at 153,600 dinars.

https://www.shafaq.com/en/Economy/Dollar-drops-in-Baghdad-remains-constant-in-Erbil

US Dollar Shipment Arrives In Baghdad, Dinar Set For Short-Term Gain

2026-05-02 Shafaq News- Baghdad   A new shipment of US dollars has arrived in Baghdad as part of ongoing monthly transfers, Iraqi economist Nabil al-Marsoumi indicated on Saturday, linking the flow to the next phase of political developments and government formation.

Al-Marsoumi stated that Iraq receives about $1 billion each month in two cash installments, noting that the latest delivery falls within this continuing financial arrangement. He indicated that the inflow of dollar liquidity is expected to support the Iraqi dinar’s exchange rate in the coming week. The US dollar opened today’s trading lower in Iraq, hovering around 153,000 dinars per 100 dollars. https://www.shafaq.com/en/Economy/US-dollar-shipment-arrives-in-Baghdad-dinar-set-for-short-term-gain

Gold Prices Hold Ground In Baghdad, Dip In Erbil

2026-05-02 Shafaq News- Baghdad/ Erbil   Gold prices in Iraq held steady in Baghdad while declining in Erbil on Saturday, with 21-carat gold trading at 996,000 dinars per mithqal in the capital and dropping to 993,000 dinars in the Kurdistan Region.

According to Shafaq News market survey, wholesale markets on al-Nahr Street in Baghdad recorded a selling price of 996,000 dinars per mithqal for 21-carat Gulf, Turkish, and European gold, with a buying price of 992,000 dinars, unchanged from Thursday.

Iraqi 21-carat gold was sold at 966,000 dinars per mithqal and bought at 962,000 dinars.

Retail prices showed Gulf 21-carat gold selling between 995,000 and 1.005 million dinars per mithqal, while Iraqi gold ranged between 965,000 and 975,000 dinars.

In Erbil, prices declined, with 22-carat gold selling at 1.040 million dinars per mithqal, 21-carat at 993,000 dinars, and 18-carat at 851,000 dinars. https://www.shafaq.com/en/Economy/Gold-prices-hold-ground-in-Baghdad-dip-in-Erbil

Hormuz Disruption Raises Egg Prices In Iraq

2026-05-02 Shafaq News- Baghdad   Egg prices in Iraq have risen to around 80,000 Iraqi dinars (about $61) per carton following an increase in poultry feed costs linked to the continued closure of the Strait of Hormuz, the Eco Iraq Observatory stated on Saturday.

In a statement, the observatory said prolonged disruption in the strategic waterway had increased the cost of key feed components. Soybean meal, a primary ingredient, rose from 550,000 dinars (about $420) to 700,000 dinars (about $535) per ton.

The price of premix, a blend of vitamins and nutrients used in poultry feed, also climbed from 1.5 million dinars (about $1,145) to 2 million dinars (about $1,530) per ton, according to the statement.

The official price for a carton of table eggs ranges between 60,000 dinars (about $46) and 65,000 dinars (about $50), depending on size. However, the observatory noted that cartons are currently being sold for around 80,000 dinars (about $61) by traders, describing them as speculators violating regulations set by the Ministry of Agriculture.

Eco Iraq urges the government to “authorize egg imports temporarily to reduce production costs and bring prices back to previous levels.”

Meanwhile, Iraq had reached record egg production, with output hitting approximately 7 billion eggs in August 2022. Authorities at the time permitted exports to Gulf countries, as a “policy aimed at strengthening domestic agriculture and boosting local production.”

https://www.shafaq.com/en/Economy/Hormuz-disruption-raises-egg-prices-in-Iraq

Dr. Scott Young: A Gold Backed Currency is Coming to End the Fed

Dr. Scott Young: A Gold Backed Currency is Coming to End the Fed

5-2-2026

Can we end the Fed while the Fed Chair is on the way out?

Why does Trump call Powell Too Late?

Does Trump know the Fed is dying?

What happens to the American Dollar?

What is Sound Money?

What is a Gold Backed Currency?

What does it mean to End the Fed?

In an insightful discussion, Dr. Scott Young delves into the significant shifts and controversies surrounding the Federal Reserve, particularly as leadership changes loom. His recent video offers a compelling look at the present and future of U.S. monetary policy, sparking vital questions about its independence and impact on both domestic and international stages.

The video highlights a pivotal moment for the Federal Reserve with Jerome Powell’s anticipated departure as Fed Chair.

This isn’t just a routine transition; it signals potential upheaval, underscored by what the discussion frames as unprecedented scrutiny and challenges to the Fed’s autonomy.

Dr. Young emphasizes that this pressure reveals a certain fragility in the institution’s independence – a principle long considered crucial for shielding monetary decisions from political influence. The erosion of this independence, the video warns, could significantly risk public trust and economic stability.

A core theme explored is the paramount importance of a politically neutral central bank. For decades, the Fed’s ability to operate without bias has been presented as fundamental to the U.S. economy’s strength and its reputation as a global financial powerhouse.

This neutrality is essential for managing interest rates consistently, controlling inflation effectively, and navigating economic cycles with a steady hand. The video, reflecting a tone of concern, suggests that current leadership and policies may be failing to uphold these foundational principles, leading to frustration among observers.

Beyond U.S. borders, the discussion illuminates the far-reaching geopolitical consequences of American monetary policy. Decisions made at the Fed and Treasury can impact global economies and stability, illustrating how central banking actions can have unintended, yet significant, international repercussions. This broad influence underscores the intricate connection between domestic financial strategies and the wider world.

A major focus of Dr. Young’s commentary is inflation, presented as a direct outcome of the Fed’s substantial monetary supply expansion. Since 2020, trillions of dollars have reportedly been injected into the financial system. This flood of liquidity, the video argues, has outpaced genuine economic growth, creating inflationary pressures that diminish consumer purchasing power and introduce considerable economic uncertainty for everyday citizens.

In response to these perceived issues, the video champions a radical proposal: a call to “end the Fed” and adopt a gold-backed U.S. Treasury note system.

 This perspective reflects a growing movement that questions the efficacy of fiat money and current central banking practices. Advocates for a gold standard argue it would reintroduce monetary discipline, curb unchecked currency printing, and potentially reduce national debt by anchoring currency value to a tangible asset.

 Such a monumental shift would undoubtedly have profound implications for inflation management, debt resolution, and the overall stability of the economic system.

Finally, the discussion strongly emphasizes accountability, suggesting that central banking practices have contributed to a massive debt burden without delivering commensurate economic benefits. By proposing a currency overhaul that aims to eliminate this debt, the video advocates for a fundamental restructuring of the financial system.

The ultimate goal, as presented, is to restore transparency, responsibility, and long-term sustainability to the nation’s economic framework.

Dr. Young’s video offers a critical commentary on the current state of the Federal Reserve, its leadership, and the broader ramifications of its policies, while advocating for fundamental reforms to safeguard economic health.

https://www.youtube.com/watch?v=j-Up7BoT0Gs

News, Rumors and Opinions Saturday 5-2-2026

KTFA:

Clare: "Green light”... The doors of the White House are opening again for Iraq with a new opportunity contingent on distancing itself from Iran’s orbit.

5/1/2026

Following the appointment of Ali al-Zaidi as the new Iraqi prime minister, Baghdad has entered a new political phase, amid clear indications that the US administration views al-Zaidi as an opportunity to reshape its relationship with Iraq according to stricter conditions related to security, the economy, and regional influence.

Sources within the administration indicate that President Trump's phone call to al-Zaidi, his congratulations, and the official invitation to visit Washington represent a significant political signal of initial US acceptance of his appointment.

This also opens the door to potential support on key issues, including the state's monopoly on the use of force, the resumption of dollar inflows, and the strengthening of economic and investment cooperation, particularly in the oil and energy sectors.

However, this US openness does not appear to be unconditional. Reports from American research centers warn that any Iraqi government that includes figures linked to armed factions or close to Iran could face direct pressure from the Trump administration, which seeks to impose strict red lines on the composition of the next government.

These reports view Iraq as a strategic arena for countering Iranian influence, not only militarily but also financially, particularly by regulating the banking system and preventing Iraq from being used as a conduit to circumvent US sanctions on Tehran. This makes the issue of the dollar and financial transfers a pivotal part of the conditions for any future partnership.

According to estimates, al-Zaidi has not yet faced direct opposition from either Washington or Tehran, making him a more conciliatory candidate than a confrontational one. However, this flexibility could quickly turn into pressure if he fails to curb the influence of the factions or demonstrates a clear inclination towards the Iranian axis.  LINK

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Clare: Press Release

Economic Fury Targets Iranian Shadow Banking Networks Moving Billions in Foreign Currency

May 1, 2026

WASHINGTON—Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is designating three Iranian foreign currency exchange houses and their associated front companies as part of Economic Fury and Treasury’s ongoing efforts to disrupt the Iranian regime’s financial lifelines that sustain its war effort.  

Collectively, Iranian exchange houses facilitate billions of dollars in foreign currency transactions each year.  Because Iran primarily settles its oil sales in Chinese yuan, these exchange houses play a critical role in converting oil revenues into currencies that are more readily useable by the Iranian military and its partners and proxies. 

“Iran is the head of the snake for global terrorism, and under President Trump’s leadership, Treasury is moving aggressively, through Economic Fury, to sever the Iranian military’s financial lifelines,” said Secretary of the Treasury Scott Bessent. “We will relentlessly target the regime’s ability to generate, move, and repatriate funds, and pursue anyone enabling Tehran’s attempts to evade sanctions.”

Today’s action is being taken pursuant to Executive Order (E.O.) 13902, which targets persons operating in Iran’s financial sector.  These designations build on OFAC’s previous actions targeting Iran’s shadow banking mechanisms, including exchange houses, Iranian bank rahbar companies, and digital asset exchanges used to evade sanctions. 

Today’s designations further disrupt the Iranian regime’s mechanisms for receiving payments for oil and other commodities, thereby increasing costs and reducing revenue for the regime’s destabilizing activities, and exposing individuals and the methods the Iranian regime uses to bypass sanctions and abuse the international financial system. 

This action is in furtherance of the President’s National Security Presidential Memorandum 2 (NSPM-2), which undergirds Treasury’s continued campaign of maximum economic pressure against Iran’s shadow banking, money laundering, and sanctions evasion networks.  Since February 2025, OFAC has sanctioned more than 1,000 Iran-related persons, vessels, and aircraft as part of this campaign. 

Iranian exchange houses

The Iranian regime’s shadow banking networks handle tens of billions of dollars’ worth of trade each year, much of it derived from Iran’s overseas sales of oil and petrochemicals. The rahbar networks that coordinate these transactions on behalf of sanctioned Iranian banks rely on Iranian currency-exchange houses and their agents. 

 Unlike rahbar companies, which are directly linked to, and work on behalf of, a specific sanctioned Iranian bank, these exchange houses often facilitate transactions for multiple different Iranian banking and petroleum export customers. They also have their own networks of foreign-based front companies that use their foreign commercial bank accounts to facilitate transactions in various currencies worth billions of dollars on behalf of sanctioned Iranian persons, including the Central Bank of Iran (CBI), exporters such as Iran’s National Iranian Oil Company (NIOC), and Iran’s military and security bodies. 

Pedram Pirouzan and Associates Partnership Company, more commonly referred to as Opal Exchange or Pedram Pirouzan Exchange, is a leading sanctions-evasion facilitator owned and operated by Iranian national Pedram Pirouzan. 

Opal Exchange maintains an extensive network of front companies that provide critical support to the Iranian importers and exporters that form the financial lifeline of Iranian banks and the regime more broadly.  Many of Opal Exchange’s front companies are registered directly under the names of Pedram Pirouzan and his partner, Hossein Mohammad Rezaei, both of whom conceal their Iranian backgrounds when setting up front companies by listing their Dominica citizenship, obtained via investment, on registration documents. 

This allows them to set up companies and bank accounts in foreign jurisdictions with access to the international financial system, further concealing the fact that their commercial activities ultimately benefit sanctioned Iranian persons.  Masoud Mohammad Rezaei serves as a board member and official of Opal Exchange.

Read full post here: https://home.treasury.gov/news/press-releases/sb0483

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Courtesy of Dinar Guru:  https://www.dinarguru.com/

Jeff   The prime minister doesn't have to complete all of his cabinet, he has to complete the majority.  That news came out...a day or two ago.  He can submit the majority of his cabinet for approval in parliament.  It doesn't have to be 100%. 

Frank26   [Iraq boots-on-the-ground report]  OMAR:  USA Trump congratulated Zaidi and gave him his full support.  He even invited the new prime minister to come to Washington DC once the government is completed.  They had a very good call.  FRANK:  Trump is working with your guy because your guy is working with Trump.  This is what we need, security and stability.  

Ariel   What UAE did with OPEC and what Iraq is about to do along with Iran are not separate incidents but a coordinated progression towards a unified goal for currency revaluation. Especially after the IMF report that came out requesting that Iraq support their national currency with gold. (May 1st is shaping up to be a huge historical day for multiple countries.) ... Revaluation Support: A gold-backed dinar can hold a much higher exchange rate without collapsing back down.

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The Biggest Banking Change in 100 Years is About to Hit Your Wallet

Daniela Cambone:  5-1-2026

A massive shift out of traditional banks into gold-backed crypto and stablecoins could trigger the biggest bank run in a century, warns Garrett Goggin.

“The US financial system used to be supported by the financial ministers of the G7... now it's being decentralized to millions of end users using Tether Dollar.”

https://www.youtube.com/watch?v=yV2sPtyBBCE

More Iraq News Posted by Tishwash at TNT 5-2-2026

TNT:

Tishwash: US Dollar Shipments to Iraq Resume After Temporary Halt, Advisor Says

After a temporary halt, U.S. dollar shipments to Iraq have resume caused by regional tensions and financial restrictions

Dollar shipments from the United States to Iraq have resumed after a temporary halt, with the first transfer arriving in Baghdad, according to an economic advisor to the Iraqi prime minister.

 On Friday, Mazhar Mohammed, economic advisor to the Iraqi prime minister, told Kurdistan 24 that the first batch of U.S. dollars had been delivered from New York following the resumption of air traffic and relative stabilization of the regional security situation.

He said the cash shipment arrived via aircraft, marking the restart of a key financial channel used to supply Iraq’s domestic market with U.S. currency.

According to Mohammed, the physical cash shipments account for only about 5% of total dollar flows into Iraq, while approximately 95% of U.S. dollars are held within the Central Bank of Iraq and used to meet market demand through financial mechanisms.

He added that the United States transfers Iraq’s oil revenues on a monthly basis in two installments, totaling around $1 billion, which are deposited into accounts linked to the Iraqi government.

 Iraq maintains two accounts at the U.S. Federal Reserve, known as Iraq1 and Iraq2. The first is used by the Central Bank of Iraq for currency reserves, while the second is designated for oil revenues.

 The resumption follows a period in which U.S. dollar shipments to Iraq were temporarily halted, largely due to heightened regional tensions and security risks linked to the ongoing conflict involving Iran, the United States, and Israel.

During that period, disruptions to air travel and logistical concerns delayed physical cash deliveries, contributing to fluctuations in Iraq’s currency market and increased pressure on the Iraqi dinar.

 In parallel, Washington had also tightened oversight of dollar transactions flowing into Iraq as part of broader efforts to prevent illicit financial transfers and limit access by Iran-backed networks. These measures included stricter compliance requirements on Iraqi banks and closer monitoring of dollar auctions conducted by the Central Bank of Iraq.

  The combination of security concerns and financial controls had effectively slowed the flow of physical dollars into the country, even as electronic transfers and reserves remained available.

The arrival of the first shipment signals a return to more stable financial operations between Washington and Baghdad, as authorities work to normalize currency flows and maintain stability in Iraq’s monetary system. link

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Tishwash:  Al-Zaidi briefed the Framework’s leaders on the details of his contact with US President Donald Trump.

2026-05-01 | 00:19 Baghdad 

 On Thursday (April 30, 2026), the Coordination Framework held its meeting in the presence of Prime Minister-designate Ali al-Zaidi to discuss the government formation process. Al-Zaidi briefed the Framework’s leaders on the details of his contact with US President Donald Trump. The meeting was also marked by the absence of the Secretary-General of the Sayyid al-Shuhada Brigades, Abu Ala alWalai, for the third time.

The term of the current Prime Minister, Mohammed Shia al-Sudani, ended without a visit to the White House, as did that of his predecessor, Adel Abdul Mahdi. As for the Prime Minister-designate, Ali al-Zidi, he received a direct invitation from the US President to visit Washington even before his government was formed, according to a statement from his media office. Since his designation, many world leaders have been dealing with al-Zidi as the de facto Prime Minister, as in the statement from the Syrian Presidency, which omitted the word “designated” from al-Zidi’s title.

So far, al-Zaidi has garnered a diverse basket of congratulations, both internal and external, ranging from Shiite and Sunni forces and the Kurdistan region to some neighboring countries such as Syria, the UAE, and Jordan. 

The term of the current Prime Minister, Mohammed Shia al-Sudani, ended without a visit to the White House, as did that of his predecessor, Adel Abdul Mahdi. As for the Prime Minister-designate, Ali al-Zidi, he received a direct invitation from the US President to visit Washington even before his government was formed, according to a statement from his media office. Since his designation, many world leaders have been dealing with al-Zidi as the de facto Prime Minister, as in the statement from the Syrian Presidency, which omitted the word “designated” from al-Zidi’s title. So far, al-Zaidi has garnered a diverse basket of congratulations, both internal and external, ranging from Shiite and Sunni forces and the Kurdistan region to some neighboring countries such as Syria, the UAE, and Jordan.

A statement issued by the Coordination Framework, a copy of which was , stated that“the Coordination Framework held its received by regular meeting No. 275 today, Thursday, at the office of Hadi al-Amiri, in the presence of Prime Minister Mohammed Shia al-Sudani and Prime Ministerdesignate Ali Falih al-Zaidi. The attendees discussed all political, security, and economic issues and the challenges resulting from the ongoing war in the Middle East and its impact on Iraq.”

He added, “Regarding the government formation file, the attendees reviewed the results of the committees formed for this purpose, which have made clear progress in resolving the national entitlement within its constitutional timeframe.” He pointed out that“the Prime Minister-designate reviewed the steps for forming the government, the details of the ministerial program, and the telephone call he received from the US President.” The coordination framework stressed the importance of building the state on sound foundations that enhance its strength, prestige, and sovereignty.

On Monday evening (April 27, 2026), the Coordination Framework announced the nomination of Ali al-Zidi for the premiership, praising the “historic stances” of the head of the State of Law Coalition, Nouri Kamel al-Maliki, and the head of the Reconstruction and Development Coalition, Mohammed Shia al-Sudani, by relinquishing their candidacy for the premiership and for forming the next government.  link

*************

Tishwash:  The Central Bank of Iraq is discussing with Azerbaijan the opening of bank branches and the development of electronic payment systems.

The Governor of the Central Bank, Ali Mohsen Al-Alaq, discussed today, Thursday, with the Azerbaijani Ambassador to Baghdad, Eldar Selimov, the development of cooperation, including opening branches of banks in the two countries and activating electronic payment cards.

The Central Bank said in a statement received by “Al-Eqtisad News” that “Al-Alaq received Salimov, and during the meeting, ways to enhance financial and banking cooperation between Iraq and Azerbaijan were discussed, with a focus on developing mechanisms for bilateral financial transfers, especially those related to the banking sector.”

He added that "both sides expressed their desire to expand the scope of banking cooperation, including the possibility of opening bank branches and strengthening financial partnerships, in a way that serves common interests and supports the movement of economic exchange between the two countries. The two sides also discussed the importance of developing the electronic payment card system in a way that contributes to facilitating the movement of travelers and raising the efficiency of financial operations, stressing the smoothness of transactions and their reaching ideal levels."

He added that "Salimov extended an official invitation to the Governor of the Central Bank of Iraq to participate in the Islamic Development Bank meetings scheduled to be held in Baku from June 16 to 19, 2026."  link

*************

Tishwash:  47 banks and payment companies in the heart of Baghdad... a broad campaign to break the dependence on cash

 2026-05-01

As part of the “Financial Inclusion Week” activities, Dream City Mall in Baghdad was transformed into a meeting place that brought together more than 47 financial institutions, including government and private banks and electronic payment companies.

The initiative, launched by the Association of Private Banks and sponsored by the Central Bank, aims to break the stagnation among citizens in interacting with electronic services and provide banking services and open accounts for free to citizens, in a step to expand the culture of electronic payment and spread financial awareness away from the corridors of official banks.

electronic transactions, facilitating access to loans and transfers via telephone, in addition to encouraging the use of payment cards and POS devices, to reduce reliance on cash and enhance financial transparency

The Association of Banks is holding similar events in the Kurdistan Region, Mosul, Maysan, Nasiriyah and Muthanna

Majed Michel, Director of Relations at the Association of Banks, told that“the campaign began on April 27 and will continue until May 3,” indicating that “the events held in Dream City are witnessing the participation of 47 financial entities, including government, private and Islamic banks, in addition to companies supporting the banking sector.”

He added that“the goal of this participation is to provide free banking services to citizens, promote the use of the electronic system, open bank accounts and spread financial awareness and culture.”

For her part, Yasmine Hamza, director of the Bank of Beirut branch in Baghdad, explained that“the bank’s participation comes in support of the national economy and the banking sector, and in appreciation of the efforts of the Central Bank of Iraq in developing financial services.” 

She explained that“during Financial Inclusion Week, the bank offers free services including opening accounts and issuing bank cards, in addition to giving citizens the opportunity to learn about the various services offered by participating banks, such as remittances and electronic services, as part of an initiative supported by the Central Bank.”

In the same context, Mohammed Ali Saad, Assistant Director of the Financial Inclusion Department at Key Card Company, said that“the company is participating in the Arab Financial Inclusion Week by providing informational services about bank cards issued by Al-Rafidain Bank, in addition to electronic payment solutions for merchants.”

He added that“the company provides citizens with services through the “Super Key” application and cards dedicated to employees and retirees, while it provides merchants with electronic payment systems and payment and installment platforms (BOS),” noting “a remarkable development in the adoption of electronic payment by citizens and the protection of their financial data.”   link

Seeds of Wisdom RV and Economics Updates Saturday Morning 5-2-26

Good Morning Dinar Recaps,

Global Trade Strain Builds: Shipping Disruptions and Energy Volatility Drive Systemic Risk

Rising transport costs and unstable energy flows are intensifying inflation pressures and exposing cracks in global financial stability 

OVERVIEW (KEY POINTS)

Global markets are facing renewed pressure as shipping disruptions and energy volatility intensify simultaneously, creating ripple effects across trade, inflation, and financial systems.

This is happening now due to continued instability in key maritime corridors and sustained geopolitical tensions, forcing companies to reroute shipments and absorb higher operating costs.

Key players include global shipping firms, energy producers, central banks, and governments responding to rising costs and slowing trade efficiency.

The broader implication is clear: persistent disruption in trade and energy flows is increasing systemic financial stress and accelerating structural shifts in the global economy.

KEY DEVELOPMENTS

1. Shipping Routes Remain Disrupted

Critical global corridors are under pressure.

• Vessels rerouting to avoid high-risk maritime zones

• Longer routes increasing delivery times and operational costs

2. Freight Costs Continue to Rise

Transportation expenses are climbing.

• Increased fuel use and delays driving higher shipping rates

• Businesses facing margin compression and pricing pressure

3. Energy Market Volatility Persists

Oil and fuel prices remain unstable.

• Supply concerns linked to geopolitical tensions

• Price fluctuations feeding into global inflation trends

4. Supply Chain Delays Spread Across Sectors

Economic impact is broadening.

• Manufacturing and retail experiencing delivery bottlenecks

• Companies increasing inventories to mitigate disruption risks

5. Inflation Pressures Rebuild Globally

Costs are being passed through the system.

• Higher logistics and energy costs impacting consumer prices

• Central banks facing renewed inflation management challenges 

WHY IT MATTERS

This development underscores how trade and energy systems are deeply interconnected with financial stability, and disruptions in one area quickly cascade into others.

Markets are reacting through volatility in commodities and equities, while policymakers face increasing difficulty balancing inflation control with economic growth.

For global economies, rising costs and inefficiencies are reducing productivity and increasing uncertainty, which can slow investment and expansion.

At the system level, this highlights a growing vulnerability: globalization depends on stable logistics and energy flows, both of which are under strain.

WHY IT MATTERS TO FOREIGN CURRENCY HOLDERS

• Purchasing power declines as goods become more expensive

• Exchange rate volatility increases due to trade imbalances

• Import-heavy economies face added currency pressure

• Commodity-linked currencies may see short-term support

IMPLICATIONS FOR THE GLOBAL RESET

• Pillar 1: Supply Chain Restructuring

Persistent disruptions are forcing a shift toward regionalization and diversification of supply chains, altering global trade dynamics.

• Pillar 2: Cost-Driven Economic Realignment

Rising logistics and energy costs are reshaping pricing structures, inflation trends, and monetary policy responses worldwide. 

CONCLUSION

The combination of shipping disruption and energy volatility represents a critical stress point for the global financial system.

As costs rise and delays persist, the effects are spreading across industries, contributing to inflation and economic uncertainty.

This is not a temporary disruption—it signals a broader transition in how global trade and financial systems operate under pressure.

When trade efficiency declines and energy costs rise, the financial system must adjust to a new reality.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Reuters — "Global shipping disruptions drive up freight costs amid ongoing tensions"

• Reuters — "Oil markets remain volatile as geopolitical risks impact supply outlook"

~~~~~~~~~~

 🌱 A Message to Our Currency Holders🌱

If you’ve been holding foreign currency for many years, you were not foolish.
You were not wrong to believe the global financial system would change.

What failed was not your patience — it was the information you were given.

For years, dates, rumors, and personalities replaced facts, structure, and proof. “This week” predictions created cycles of hope and disappointment that were never based on how currencies actually change.

That is not your failure.

Our mission here is different:    • No dates • No rates • No hype • No gurus

Instead, we focus on:
• Verifiable developments • Institutional evidence
• Global financial structure • Where countries actually sit in the process

Currency value changes only come after sovereignty, trade, banking, settlement systems, and fiscal coordination are in place. History and institutions confirm this sequence.

You will see silence. You will see denials. That is not delay — that is discipline.

Protect your identity. Organize your documents.    Verify everything.
Never hand your discernment to anyone who cannot show proof.

You deserve truth — not timelines.

Seeds of Wisdom Team
Newshounds News

~~~~~~~~~~

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Thank you Dinar Recaps

Iraq Economic News And Points To Ponder Saturday Morning 5-2-26

Oil Prices Edge Higher Amid Iran Deadlock

Shafaq News   Oil rose on Friday as efforts to resolve the Iran war remained at an impasse, with Tehran still blocking ​the Strait of Hormuz and the U.S. Navy blocking exports ‌of Iranian crude.

Brent crude futures for July were up $1.04, or 0.94%, to $111.44 per barrel by 0421 GMT, while West Texas Intermediate futures had risen 41 cents, ​or 0.39%, to $105.48 per barrel.

Both benchmarks have posted gains across ​four straight months, with Brent's June contract, which expired ⁠on Thursday, hitting $126.41 a barrel, the highest since March 2022.

Oil prices ​have been on the rise since the end of February when the ​U.S. and Israel attacked Iran, resulting in the closure of the Strait of Hormuz and the disruption of shipments of around one-fifth of the world’s oil ​and liquefied natural gas supply. Brent gained 50% in March alone.

A ceasefire ​has been in place since April 8, but on Thursday evening, Iranian Foreign Ministry ‌spokesman Esmaeil ⁠Baghaei said it was not reasonable to expect quick results from U.S. talks, according to the official IRNA news agency.

"Expecting to reach a result in a short time, regardless of who the mediator is, ​in my opinion, ​is not very ⁠realistic," he was quoted as saying.

Earlier in the day, a senior official of Iran's Revolutionary Guards had ​threatened "long and painful strikes" on U.S. positions if Washington ​renewed attacks ⁠on Iran, pushing oil prices to intraday peaks before retreating.

U.S. President Donald Trump was scheduled to receive a briefing on Thursday on plans for ⁠a series ​of fresh military strikes on Iran ​to compel it to negotiate an end to the conflict, a U.S. official told Reuters. (REUTERS)

https://www.shafaq.com/en/Economy/Oil-prices-edge-higher-amid-Iran-deadlock

Iraq Launches First Crude Oil Exports Via Rabia Border Crossing To Syria

2026-05-01 Shafaq News- Baghdad   Iraq launched its first crude oil export operation through the Rabia border crossing with Syria, Iraq’s Border Ports Commission announced on Friday, dispatching an initial shipment of 70 tanker trucks to regional markets.

In a statement, the Commission head Omar Adnan Al-Waeli said there is a potential for increased volumes of dispatchments in the future, adding that the step marks Rabia as a strategic route for crude oil exports, helping ease pressure on other outlets, diversify marketing channels, and support national revenues.

“Efforts are underway to expand the crossing’s capacity and upgrade infrastructure and logistics services to meet expected demand in the coming period,” he noted, explaining that exporting oil via land routes “provides an alternative channel that reduces risks associated with traditional export pathways.”

The Rabia–Al-Yarubiyah crossing between Iraq and Syria reopened to trade and passenger traffic on April 22 after 13 years of closure driven by security challenges during the fight against ISIS, as well as shifting control and coordination issues along the frontier. Iraqi and Syrian authorities have gradually rehabilitated several crossings, including Al-Waleed and Al-Yarubiyah, to restore trade routes and facilitate the movement of goods and passengers.

https://www.shafaq.com/en/Economy/Iraq-launches-first-crude-oil-exports-via-Rabia-border-crossing-to-Syria

Gold Prices Head For Weekly Decline Following Rising Inflation Fears

Shafaq News   Gold prices fell in thin trading on Friday, and were set for a weekly decline, pressured by higher oil prices that have stoked inflation fears and lifted expectations that interest rates will stay higher for longer — ​a headwind for non-yielding assets.

Spot gold was down 0.6% to $4,592.99 per ounce at ​0655 GMT, and was on track for a weekly loss of about ⁠2.4%, after dropping to a one-month low on Wednesday. U.S. gold futures for June delivery ​dipped 0.5% to $4,604.50.

Trading volumes were light as financial markets in top gold consumers China and India​were closed for public holidays.

"What we're seeing now is essentially the dominant war trade narrative, once again reasserting itself after a day's correction," said Ilya Spivak, head of global macro at Tastylive, noting that gold ​is back down, and oil back up.

Geopolitical tensions remained in focus after Iran said on ​Thursday it would respond with "long and painful strikes" on U.S. positions if Washington renewed attacks, reiterating its claim to ‌the ⁠Strait of Hormuz.

Brent crude prices held above $110 a barrel as efforts to resolve the conflict stalled.

U.S. inflation accelerated in March as the war raised gasoline prices, reinforcing expectations that the Federal Reserve could keep interest rates on hold well into next year.

Global brokerages have also gradually pared back earlier ​expectations of two U.S.​rate cuts in ⁠2026, with forecasts now split between modest easing and no cuts, amid persistent inflation risks and cautious policymakers.

The European Central Bank and the ​Bank of England kept interest rates unchanged on Thursday, following similar decisions earlier ​in the ⁠week by the Fed and the Bank of Japan, though all signalled inflation concerns.

While gold is traditionally seen as a hedge against inflation, elevated interest rates aimed at curbing price pressures tend ⁠to weigh ​on demand for the non-yielding metal.

In other metals, spot ​silver rose 0.5% to $73.37 per ounce, platinum eased 0.7% to $1,972.32 and palladium inched down 0.1% to $1,523.(REUTERS)

https://www.shafaq.com/en/Economy/Gold-prices-head-for-weekly-decline-following-rising-inflation-fears

The Yen Pared Its Gains Against The Dollar After Japanese Authorities Intervened In The Markets.

Money and Business   Economy News - Follow-up   The yen edged down slightly against the dollar on Friday but was still on track for its biggest weekly gain in more than two months after Japanese authorities intervened to lift the currency from its lowest levels in nearly two years.

Investors remained cautious, anticipating further intervention from the Japanese Ministry of Finance, as trading volumes in the markets declined due to the May 1st holiday and Tokyo's three-day weekend holiday next week.

Ken Crompton, head of interest rate strategy at National Australia Bank, said of the Japanese intervention efforts: "The difficulty is that they are fighting

 He added: "The weakness of the yen likely has some cause, and it is difficult at the moment to predict how successful the Ministry of Finance will be in consistently countering the trend."

 Best weekly performance in two months

The yen fell 0.25% to 156.99 against the dollar, but Thursday's rally puts the Japanese currency on track for a 1.8% gain this week, its biggest since mid-February.

The dollar index, which measures the performance of the US currency against a basket of currencies, showed little change at 98.14. The euro fell 0.03% to $1.1727.

Two sources familiar with the matter told Reuters that officials intervened to buy yen after it hit its lowest level against the dollar since July 2024. The sudden move in the dollar-yen exchange rate occurred during London trading hours and followed earlier comments by Japanese Finance Minister Satsuki Katayama that it was time to take "decisive" action.

In the oil market, prices remained high following Tehran's threat to launch "painful strikes for a long time" on US sites if Washington renews its attacks on Iran, while US President Donald Trump faces a deadline to end the conflict.

The currencies of Japan and other energy-importing countries have been falling since late February when the United States and Israel launched an air attack on Iran, leading to the closure of the vital oil shipping lane, the Strait of Hormuz.

The dollar index fell 1.76% in April after rising in March, confirming that the US economy is relatively less exposed to the consequences of higher oil prices compared to the Eurozone and Japan.

The European Central Bank and the Bank of England kept interest rates unchanged on Thursday, as expected, following similar interest rate decisions by the Federal Reserve (the US central bank) and the Bank of Japan earlier in the week.

Regarding cryptocurrencies, Bitcoin fell 0.17% to $76,330.16, and Ether dropped 0.27% to $2,257.53.

https://www.economy-news.net/content.php?id=68508

International Labor Day In Iraq: A Holiday In Search Of Its Workers

2026-05-01 Shafaq News   As much of the world marks May 1 as a tribute to the labor movement, Iraq's roughly 15 million workers face a holiday largely emptied of its meaning. International Labor Organization data shows that 66.6% of total employment in the country is informal –workers operating without contracts, without legal guarantees, and largely outside the reach of the state.

The conditions that produce that figure are visible across construction sites, car washes, and shop floors, where complaints of meager wages, punishing hours, and the near-total absence of legal protection have turned the holiday into something closer to a reminder of what Iraqi labor does not have.

Name Without Content

In Baghdad's industrial zone, Ali Mohammed begins each shift at a car wash at 08:00 a.m. and finishes at 06:00 p.m. —sometimes not before 7 or 8 in the evening. For that day's work, he told Shafaq News, he earns 10,000 Iraqi dinars, or just over six dollars, and the shop owner provides no work allowances and no meals beyond a single lunch, usually a falafel wrap. In winter, when business slows, the daily rate drops to 5,000 dinars. He has tried to find better-paying work with shorter hours, but unemployment has closed those doors.

Ali Saadoun, a bricklayer, dismissed International Labor Day as “just a name without content.” What mattered to him was finishing his work and collecting his daily pay, while the talk of workers' rights from government and trade unions is “a laughable lie repeated at every occasion.” Workers cling to whatever job they can find, however poor the wage and hard the conditions, because the alternative is hunger for their families, and when employers withhold pay, the worker has no real recourse —neither the law nor the unions deliver justice.

Working women face the system at its sharpest. Lama Abdulkarim worked 10:00 a.m. to 10:00 p.m. in a shop without a contract, social security, or any documented rights, and once her employer learned she was pregnant, he dismissed her. With no path to redress, she recalled, all she could do was “congratulate the woman hired to replace me, say goodbye to my colleagues, and walk out quietly.”

Lama's experience reflects a labor market in which women are barely present to begin with. ILO figures put female labor force participation in Iraq at roughly 11.76% against 74% for men, leaving the bulk of Iraqi women excluded from the formal economy entirely.

Rules on Paper

Iraq's own union leadership does not dispute the picture. Speaking to Shafaq News, Ali Al-Jabri, administrative director of the Iraqi Federation of Trade Unions, acknowledged that workers' conditions remain structurally precarious, particularly in the private sector and the informal economy. He cited youth unemployment, the prevalence of work without formal contracts or legal guarantees, sharp pay gaps between the public and private sectors, unsafe workplaces, and chronic delays in disbursing wages.

Al-Jabri's proposed remedies center on enforcement: applying the minimum wage in line with actual living costs, establishing strict oversight to curb exploitation, protecting workers from arbitrary dismissal, guaranteeing safe workplaces, defending the freedom to organize without pressure, and obliging employers to issue formal contracts. “Achieving social justice begins with delivering justice to workers themselves.”

“The situation is very complex,” according to Walid Naama, head of the Iraqi Federation of Trade Unions, who explained that most private-sector workers operate without contracts or safeguards. The majority earn less than 300,000 dinars (around $230) a month —a figure that falls below Iraq's statutory minimum wage of 350,000 IQD, set under Labor Law No. 37 of 2015 and left unchanged since.

Read more: Iraq's workers rise: New union challenges old guard

Baghdad saw these problems, and more, carried into the streets on Friday, when a large march moved from Firdos Square toward Nasr Square. Marchers raised banners calling for the activation of the civil service law, the adoption of a fair salary scale, and the establishment of a social and health insurance system that would protect workers' dignity.

The demands are not new, and neither are the conditions that produced them. For Iraq's labor force, May Day this year arrived less as a celebration than as a measure of how far the rhetoric of workers' rights still sits from the conditions in which most of them work.

Written and edited by Shafaq News staff.

https://www.shafaq.com/en/Report/International-Labor-Day-in-Iraq-A-holiday-in-search-of-its-workers

FRANK26…5-1-26…..TMZ = GOI

KTFA

Friday Night Video

FRANK26…5-1-26…..TMZ = GOI

This video is in Frank’s and his team’s opinion only

Frank’s team is Walkingstick, Eddie and Omar in Iraq and guests

Playback Number: 605-313-5163   PIN: 156996#

https://www.youtube.com/watch?v=ErNuu1usAmA

The Debt Doom Loop Just Hit the Point of No Return

The Debt Doom Loop Just Hit the Point of No Return

Taylor Kenny:  4-30-2026

America is now trapped in a cycle of deficits, borrowing, rising interest costs, and dollar devaluation.

In this episode, Taylor explains why the U.S. debt doom loop may be accelerating faster than most people realize — and why the next crisis could look very different from 2008.

CHAPTERS:

0:00 The Wrong Question About Gold & Silver

0:58 America’s $39 Trillion Debt Problem

2:47 Interest on the Debt Becomes the Trigger

6:36 The Debt Doom Loop Explained

9:44 The $900 Trillion Derivatives Risk

12:11 Gold, Silver, and the Decline of the Dollar

14:08 Why Central Banks Are Buying Gold

https://www.youtube.com/watch?v=-yNKfZ3c-ks

Freedom Fighter: IMF Currency Report

Freedom Fighter: IMF Currency Report

5-1-2026

Attention: IMF Currency Report

This is what’s happening RIGHT NOW across global currencies….getting stronger.

IMF data (137 currencies ) shows:

Iraqi Dinar
Vietnamese Dong
Venezuelan Bolívar
Indonesian Rupiah
… and many more

As CENTRAL BANK credibility strengthens:

• Borrowing costs fall
• Inflation stabilizes
• Risk premiums compress

This is how currencies strengthen in real time.

Receipts:

Source(s):
• https://x.com/FreedomFight12/status/2049937300927443268

https://dinarchronicles.com/2026/05/01/freedom-fighter-imf-currency-report/