Washington is Officially Insolvent as the World Pivots Away from the US

Washington is Officially Insolvent as the World Pivots Away from the US

Lena Petrova:  4-10-2026

In the halls of Washington, the narrative often centers on record-breaking growth and a thriving American economy. But if you step away the political talking points, what does the data actually reveal?

In a recent, sobering analysis, renowned economist Dr. Steve Hanke cuts through the noise, offering a critical look at the U.S. economic and geopolitical landscape.

From the reality of the “Trump economy” to the looming threat of national insolvency, Dr. Hanke presents a compelling—and concerning—case that the United States is standing on much shakier ground than the headlines suggest.

President Trump has frequently touted a “golden age” for the American economy, but Dr. Hanke disputes this optimistic frame. According to his analysis, the metrics tell a different story: stagnating GDP growth, tangible job losses, and a concerning decline in productivity.

Dr. Hanke points to interventionism, protectionism, and militarism as the pillars defining our current environment. The widespread use of tariffs, while marketed as a way to “protect” American interests, has instead acted as a drag on economic efficiency. Meanwhile, defense spending has soared to unprecedented levels, diverting massive amounts of capital that could otherwise be utilized for productive domestic investment.

Dr. Hanke shifts his focus to the ongoing conflict in Iran, describing it as a “structural shock” with ripple effects that the West has severely underestimated. Far from being a localized skirmish, the war in Iran is exacerbating global energy shortages, tightening the grip on essential raw materials like sulfur and aluminum.

Perhaps most surprising is the resilience of Iran’s economy. Despite Western portrayals of a nation on the brink, Iran has managed to increase its oil exports and maintain a stable currency. The geopolitical consequences are even more stark: the conflict has served to strengthen the hands of Russia and China, while simultaneously eroding the reputation and global influence of the United States.

Furthermore, Dr. Hanke argues that the influence of the Israeli lobby on U.S. foreign policy has backfired, creating a unified resistance within Iran that has only solidified anti-Western sentiment.

Perhaps the most alarming portion of Dr. Hanke’s analysis—conducted alongside colleague Dave Walker—is the blunt assessment of America’s balance sheet: The U.S. government is effectively insolvent.

The numbers are staggering, with liabilities dwarfing assets by a massive margin. To combat this, Hanke and Walker are championing legislative efforts, including the formation of a fiscal commission and a constitutional amendment aimed at forcing budgetary discipline upon a political system addicted to overspending.

Adding fuel to this fire is the Federal Reserve’s monetary policy. Dr. Hanke warns that recent bouts of quantitative easing are directly contributing to inflation. As the money supply accelerates, the Fed finds itself in an impossible balancing act: attempting to curb inflation without triggering a systemic economic collapse, all while navigating a volatile geopolitical minefield.

Dr. Hanke’s analysis serves as a wake-up call. The disparity between political rhetoric and the underlying economic reality is growing wider by the day. Whether it is the unchecked growth of defense spending, the mismanagement of monetary policy, or the long-term damage to our international standing, the path current policy takes is unsustainable.

As Dr. Hanke warns, without a serious commitment to fiscal reform and a shift toward sober, reality-based policymaking, the U.S. risks a deeper crisis that could reshape its economic and political future for generations.

https://www.youtube.com/watch?v=kSEei-KhEO8

IMF Announces Real-World Fiat Reset (What Happens Now?)

IMF Announces Real-World Fiat Reset (What Happens Now?)

Coin Bureau:  4-10-2026

The global financial landscape is shifting beneath our feet, and if you haven’t been paying attention, the ground may soon be moving faster than you expect.

For decades, the post-World War II economic order—anchored by the U.S. dollar and the established Western-led financial system—has been the bedrock of global trade. But today, the International Monetary Fund (IMF) and other global power brokers are signaling a “fundamental reset.” We aren’t just looking at a minor market adjustment; we are witnessing the potential decline of an era.

The dominance of the U.S. dollar has long been sustained by the “petro-dollar” system, where oil and other global commodities are traded almost exclusively in dollars. However, that foundation is cracking.

As geopolitical tensions rise, nations are seeking autonomy. We’ve seen India bypassing U.S. sanctions to purchase Russian oil outside the dollar, and nations like Iran demanding transit fees in Chinese yuan.

These are not isolated incidents; they are symptomatic of a coordinated effort by the BRICS nations to move away from Western financial infrastructure.

In its place, a new, multipolar currency system is emerging, built on the back of Central Bank Digital Currencies (CBDCs).

While CBDCs are sold under the guise of efficiency and modernization, they carry significant implications for personal freedom. Unlike traditional cash or even standard digital banking, these currencies are programmable.

 Governments could theoretically dictate how you spend your money, restrict where it can be used geographically, or even set expiration dates on your savings. This level of state surveillance and control represents a seismic shift in the relationship between the individual and the state.

As the global elite push for centralized, programmable digital systems, a massive ideological battle is brewing.

On one side, we have state-backed CBDCs designed for total oversight. On the other, we have decentralized digital assets like Bitcoin.

 The U.S. is positioning itself as an interesting outlier in this scenario, showing resistance toward a retail CBDC while simultaneously exploring the potential of a strategic Bitcoin reserve.

Even with market volatility and institutional hurdles, the long-term structural argument for decentralized assets has never been more relevant. As governments consolidate control over digital payments, the importance of a neutral, censorship-resistant store of value becomes not just a financial choice, but a defensive necessity.

The “reset” is underway. Are we moving toward a future of government-mandated spending limits, or will decentralized technology provide a path to financial freedom?

For a deeper dive into the mechanics of this shift and the geopolitical moves shaping our future, check out the full analysis from Coin Bureau. The landscape is changing—make sure you understand the stakes.

https://www.youtube.com/watch?v=ExRJ9oAoKSM

Seeds of Wisdom RV and Economics Updates Friday Afternoon 4-10-26

Good Afternoon Dinar Recaps

Energy Shock Reversal: Falling Rate Expectations Signal Policy Shift

Cooling oil prices and shifting market expectations are forcing central banks to rethink tightening strategies amid global instability 

 OVERVIEW (KEY POINTS)

The recent energy shock tied to geopolitical conflict briefly pushed oil prices above $100 per barrel, triggering renewed inflation fears across global markets. However, a rapid cooling in prices following ceasefire developments has abruptly shifted market expectations, particularly around interest rates.

This sudden reversal is happening now because markets are recalibrating in real time to unstable energy flows, fragile supply chains, and policy uncertainty. Investors are no longer confident that central banks can maintain a steady tightening path without triggering broader economic stress.

Key players include major central banks such as the Federal Reserve, global energy producers, and financial markets reacting to bond yields and inflation signals. Their collective response is revealing cracks in the current monetary framework.

The bigger implication is clear: monetary policy is becoming reactive rather than proactive, increasing the likelihood of systemic instability and accelerating conditions often associated with a global financial reset.

KEY DEVELOPMENTS

1. Oil Price Spike Followed by Rapid Cooling

A sharp rise in oil prices above $100 was quickly reversed after geopolitical tensions eased.

• The volatility highlights how sensitive inflation is to energy disruptions

• Markets are reacting more to geopolitical headlines than fundamentals

2. Rate Hike Expectations Collapse

Markets dramatically reduced expectations for further interest rate hikes.

• Probability of additional hikes dropped to near zero (~0.8%)

• Signals a major shift from tightening to potential easing bias

3. Global Bond Yields Begin to Fall

Government bond yields are declining across major economies.

• Indicates rising demand for safe-haven assets

• Reflects expectations of slower growth and policy reversal

4. Central Banks Enter Policy Constraint Zone

Policymakers are increasingly limited in their options.

• Fighting inflation risks economic contraction

• Supporting growth risks reigniting inflation pressures

WHY IT MATTERS

This shift signals a critical turning point in monetary policy. Central banks are no longer driving market direction—markets are forcing central banks to adapt.

For the economy, this raises the risk of slower growth combined with lingering inflation volatility. For markets, it creates uncertainty around asset pricing, bond stability, and liquidity conditions.

From a policy standpoint, the loss of forward guidance credibility could lead to more reactive and less predictable interventions, increasing systemic risk.

At the global level, this dynamic contributes to a gradual erosion of confidence in traditional monetary tools, a key ingredient in broader financial restructuring.

WHY IT MATTERS TO FOREIGN CURRENCY HOLDERS

• Currency volatility is likely to increase as rate expectations shift rapidly

• Purchasing power may fluctuate due to unstable inflation trends

• Capital flows could become more unpredictable, favoring safer currencies

• Exchange rates may decouple from traditional rate differentials, reducing predictability

IMPLICATIONS FOR THE GLOBAL RESET

• Pillar 1: Monetary Policy Credibility Erosion

As central banks shift from tightening to hesitation, confidence in their ability to control inflation weakens. This undermines the foundation of fiat systems that rely on policy consistency and forward guidance, increasing the risk of structural change.

• Pillar 2: Market-Driven Financial System Transition

Markets are increasingly dictating outcomes through bond yields, rate expectations, and capital flows. This represents a shift toward a more decentralized financial influence structure, where traditional policy tools carry less authority.

CONCLUSION

The rapid reversal in energy prices and interest rate expectations is more than a short-term market adjustment—it is a signal of deeper systemic strain. Central banks are being pushed into a position where every decision carries heightened risk, with fewer effective tools available.

This environment increases the likelihood of policy missteps and reactive interventions, both of which historically precede major financial shifts. The growing disconnect between market behavior and policy intent is particularly significant.

What is unfolding is not simply volatility—it is a transition phase. The global financial system is showing signs of moving away from centralized control toward a more fragmented and reactive structure.

This is not just a policy shift—it is a structural signal that the foundations of the current financial system are being tested in real time.

Seeds of Wisdom Team
Newshounds News™ Exclusive

SOURCES

• Reuters — "IMF's Georgieva expects war to trigger demand for up to $50 bln in Fund support"

• MarketWatch — "What the market is now pricing for Fed and global central-bank interest rates after the cease-fire"

~~~~~~~~~~

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Seeds of Wisdom RV and Economics Updates Friday Morning 4-10-26

Good Morning Dinar Recaps,

Macron Courts Trump with Versailles Invite as G7 Unity Faces Strain

France deploys symbolic diplomacy to secure U.S. engagement amid rising fractures within Western alliances

Overview (Key Points)

• France is actively working to secure U.S. participation in the upcoming G7 Summit

• President Emmanuel Macron has extended a high-profile, exclusive invitation to Donald Trump

• The proposed Versailles dinner highlights a shift toward personalized diplomacy

• Underlying tensions within the G7 threaten cohesion and global coordination

Key Developments

1. Macron Extends Exclusive Versailles Invitation

• A private dinner at Palace of Versailles is being used as a targeted diplomatic gesture

• No other G7 leaders were invited, emphasizing a one-on-one strategic approach

• The move leverages historical symbolism and prestige to encourage attendance

2. Uncertainty Surrounds Trump’s Attendance

• Trump has not confirmed participation in the G7 summit or the Versailles event

• U.S. officials describe the situation as undecided

• A potential absence would:

  • Undermine summit visibility

  • Signal weakening Western coordination

3. G7 Relations Show Signs of Strain

• The U.S. has taken a more confrontational stance toward multilateral institutions

• Ongoing tensions include:

  • Criticism of NATO alliances

  • Disagreements over Middle East conflicts involving Iran

  • Public friction with leaders such as Keir Starmer

These dynamics are testing the unity of traditional Western blocs

4. France Pursues Dual-Layer Diplomacy

• Macron is combining:

  • Formal multilateral engagement (G7 Summit)

  • Personalized bilateral diplomacy (Versailles meeting)

• This reflects a strategy to:

  • Maintain U.S. involvement in global forums

  • Reinforce transatlantic ties despite political friction

5. Political Risks and Optics Intensify

• If Trump attends:

  • Summit visibility increases

  • But internal divisions may deepen

• If Trump declines:

  • It exposes fractures within the G7

• Exclusive treatment at Versailles could raise concerns about:

  • Unequal diplomatic signaling among allies

Why It Matters

The G7 has historically functioned as a pillar of Western economic coordination

• Its effectiveness depends heavily on full participation from major powers

• Increasing reliance on leader-level relationships suggests:

  • Institutions are becoming less stable on their own

  • Diplomacy is shifting toward personal influence over formal structure

This signals a transition from institutional strength to personality-driven geopolitics

Why It Matters to Foreign Currency Holders

• G7 unity plays a key role in:

  • Global financial stability

  • Currency coordination and policy alignment

• Weakening cohesion may lead to:

  • Diverging economic strategies

  • Increased currency volatility across major economies

Currency holders should monitor:

• U.S.–Europe alignment

• Policy fragmentation within G7 economies

• Shifts in global leadership coordination

Implications for the Global Reset

• Pillar 1: Institutional Weakening

Traditional alliances like the G7 are showing signs of fragmentation

Global governance is becoming less centralized and more fluid

• Pillar 2: Rise of Personalized Diplomacy

Leader relationships are increasingly driving global outcomes

Symbolic gestures and soft power tools are filling gaps left by weakening consensus

This reflects a broader shift toward a multi-polar, less coordinated global system

Closing Insight

The summit itself is no longer the main story

Who shows up—and why—now matters more than what is formally agreed

Seeds of Wisdom Team

Newshounds News™ Exclusive

Sources

• Modern Diplomacy — “Macron Courts Trump with Versailles Invite Amid Strained G7 Dynamics”

• Reuters (Referenced Reporting on G7 and U.S.–Europe Relations)

~~~~~~~~~~ 

🌱 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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Follow the Gold/Silver Rate COMEX

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Seeds of Wisdom Team™ Website

Thank you Dinar Recaps

Iraq Economic News And Points To Ponder Friday Morning 4-10-26

The Dollar Is Heading For Weekly Losses Ahead Of US-Iranian Talks

Money and Business    Economy News — Follow-up   The dollar was on track for its biggest weekly loss since January on Friday, while other currencies rose, buoyed by optimism that the Gulf ceasefire would hold and oil shipments would resume.  The direction of the markets is likely to depend on the outcome of the upcoming talks between the United States and Iran in Islamabad.

The dollar made gains in March as one of the few safe-haven assets, as the US-Israeli war with Iran caused oil prices to rise sharply and negatively affected stocks and gold, while inflation fears also caused bonds to fall.

But since a fragile ceasefire was agreed upon on Tuesday, the situation has changed and the dollar index has lost 1.3% since the start of the week.

The euro advanced this week to $1.1690.

The Australian and New Zealand dollars appear poised for weekly gains of nearly 3% against the US dollar. The Australian dollar was trading at just over 70 cents, while the New Zealand dollar reached $0.5847.

The British pound rose 1.8% this week to $1.3424.

Even the yen, which is under severe pressure due to low interest rates in Japan, government spending plans, and the country's reliance on imported oil, reached 159.2 against the dollar. https://www.economy-news.net/content.php?id=67703

Oil Rises As Hormuz Traffic Stays Below 10%, Saudi Supply Hit

2026-04-10   Shafaq News   Oil prices climbed on Friday, driven by fresh anxiety over supplies from Saudi Arabia and as ‌tanker traffic through the critical Strait of Hormuz remained largely frozen.

Prices were still headed for a loss as nerves eased over a fragile two-week ceasefire between the U.S. and Iran, while Israel signalled a potential diplomatic opening, saying it was ready to begin direct talks with Lebanon as soon as possible.

Brent crude futures added 58 cents, or 0.60%, to $96.50 a barrel as of 0338 GMT. West Texas Intermediate futures were up 49 cents, 0.50%, at $98.36 a barrel.

For this week, both contracts have so far ⁠lost 11%, the biggest weekly decline since June 2025.

Attacks on Saudi energy facilities have cut the kingdom's oil production capacity by around 600,000 barrels per day and throughput on its East-West Pipeline by about 700,000 bpd, Saudi state news agency SPA reported on Thursday, citing an official source at the Ministry of Energy.

Concerns of further oil supply disruptions were heightened after the report, ANZ analysts said in a Friday note.

"The initial wave of relief following President Trump's two-week ceasefire announcement has quickly given way to underlying doubts," IG market analyst Tony Sycamore said in a note.

"All eyes remain firmly on tanker tracker flows through the Strait of Hormuz for any signs of increased activity ahead of peace talks scheduled in Pakistan on Friday," Sycamore said.

Ship traffic through the strait stood at well below 10% of ‌normal volumes ⁠on Thursday despite the ceasefire as Tehran asserted its control by warning ships to keep to its territorial waters while doing so.

Iran and the U.S. agreed on Tuesday to a two-week ceasefire brokered by Pakistan, but fighting was still taking place following the announcement.

Analysts say Pakistan will try to push for a more durable peace agreement but may lack the leverage needed to compel the reopening of the strategic waterway

Iran wants to charge fees for ships passing through ⁠the strait under a peace deal, a Tehran official told Reuters on April 7. Western leaders and the U.N.'s shipping agency have pushed back on the idea.

The crucial artery for oil and gas flows has been effectively shut down by the conflict, which began on February 28 when the U.S. and ⁠Israel launched air strikes on Iran.

Brent prices could reach $190 a barrel if flows through the Strait of Hormuz remain at the current level, said John Paisie, president of energy consultants Stratas Advisors.

"If Iran allows increasing flows the price of oil will be more moderated, ⁠but still well above pre-war levels."

Some 50 infrastructure assets in the Gulf have been damaged by drone and missile strikes over the nearly six weeks since the conflict started, and around 2.4 million bpd of oil refining capacity have been taken offline, according to JPMorgan.   (Reuters)

https://www.shafaq.com/en/Economy/Oil-rises-as-Hormuz-traffic-stays-below-10-Saudi-supply-hit

Gold down 0.1% as US-Iran ceasefire strains

2026-04-10 Shafaq News   Gold dipped on Friday as a firmer dollar and U.S.-Iran ceasefire uncertainty weighed, but the metal stayed on course for a ‌third consecutive weekly climb as investors priced in earlier and deeper U.S. rate cuts, supporting non-yielding bullion.

Spot gold was down 0.1% at $4,759.54 per ounce by 0316 GMT. The metal, however, has gained 1.8% so far this week.

U.S. gold futures for June delivery fell 0.7% to $4,782.70.

The dollar index (.DXY) strengthened, making greenback-priced bullion more expensive for holders of other currencies.

"There's a lack of clarity about the way ⁠that the ceasefire is evolving in the Middle East and what that means to energy markets... so we're in sort of a little bit of a holding pattern (with gold) going into the final session of the week," said Kyle Rodda, senior financial market analyst at Capital.com.

Spot gold has fallen about 10% since the U.S.-Israel conflict with Iran erupted on February 28, with elevated energy prices fuelling inflation concerns and the prospect of higher interest rates.

The fragile two-week ceasefire between the U.S. and Iran showed further strain on Friday, as Washington accused Tehran of breaching promises on the Strait of Hormuz.

Brent crude, however, has slid more ‌than 11% ⁠this week on optimism that the ceasefire could reopen the Strait of Hormuz, through which about 20% of the world's oil and liquefied natural gas passes.

"If things break down, (gold) could end up back in mid-$4,000's pretty quickly. But if the ceasefire holds and the peace deal starts to look more likely, then we could push through $5,000," Rodda ⁠added.

On the data front, the U.S. Personal Consumption Expenditures index, the Federal Reserve's preferred inflation gauge, advanced 2.8% in the 12 months through February, in line with estimates, and likely rose further in March.

Investors are now looking out for ⁠March's U.S. Consumer Price Index data, due later in the day, for further clues on Fed's monetary policy direction.

Markets are pricing in a 31% chance for a U.S. rate cut of at least 25 ⁠basis points at the Fed's December meeting, according to CME's FedWatch Tool, up from 20% in the prior session. FEDWATCH

Among other metals, spot silver rose 0.9% to $75.74 per ounce, platinum lost 2% to $2,061.06, and palladium fell 1.2% to $1,539.43.  (Reuters)   https://www.shafaq.com/en/Economy/Gold-down-0-1-as-US-Iran-ceasefire-strains

Dollar Slides 1.3% In Worst Week Since January

2026-04-   Shafaq News   The dollar headed on Friday for its largest weekly drop since January, as investors sold safe assets on optimism that oil shipping will resume if a ceasefire holds in the Gulf.

The dollar had towered in March as one of the few bastions of ‌safety as the U.S. and Israeli war on Iran sent oil prices rocketing and hit stocks and gold, while inflation worries sank bonds.

But since a shaky ceasefire was agreed on Tuesday those positions are being unwound.

The euro has rallied through its 200-day moving average this week to trade at $1.1694, a break of chart resistance that opens the way to further gains.

The risk-sensitive Australian and New Zealand dollars are looking at weekly rises of nearly 3% on the dollar, with the Aussie trading just above 70 cents and the kiwi at $0.5847. Sterling has shot up 1.8% this week and above its 200-day moving average ⁠to $1.3424.

Moves in the Asia session were small on Friday. U.S. inflation data is due later in the day, though markets' direction is more is likely to hang on the outcome of weekend talks between the U.S. and Iran in Islamabad.

"People were buying the U.S. dollar when the war was at its most intense moment and now they're selling as the tail risk of a really bad outcome has faded quite a bit," said Jason Wong, senior strategist at BNZ in Wellington.

"Even though it still looks a bit shaky, the ceasefire removing that tail risk is important from a sentiment point of view," he said, though noting that could turn around very quickly if anticipated weekend peace talks don't yield progress.

The yen , under pressure for years from Japan's low rates and more recently from its vulnerability to high oil prices, lifted off lows against the dollar - but not far and was sold against other currencies, suggesting it remains unloved.

The yen eased very ‌slightly to ⁠159.2 per dollar on Friday. The U.S. dollar index was steady and 1.3% lower so far this week.

YUAN RALLIES

In the Strait of Hormuz there was little sign of progress. In the first 24 hours of the ceasefire, just a single oil products tanker and five dry bulk carriers sailed through a passage which before the war accommodated about 140 ships a day.

Iranian officials arrived in Islamabad on Thursday and a U.S. delegation, led by Vice President JD Vance, arrives on Friday to discuss what investors hope can be a lasting peace.

"If ⁠there's positive talks, that would be dollar negative. And if we get to Monday and talks went badly and there's still a lack of ships ... things could turn around quickly," said Wong.

South Korea's central bank kept its policy interest rate steady on Friday, as expected, leaving the won at 1,480 to the dollar, having recovered from beyond 1,500.

China's yuan - which ⁠has never really fallen since the war began at the end of February - was set for its biggest weekly rise in 15 months and is trading at its strongest levels since 2023.

Data on Friday showed factory gate prices rising for the first time in three years, a sign that genuine inflation may be beginning to take ⁠hold after a long battle with deflation.

"The CNY has been a surprising winner of the Iran war, despite China's role as the largest oil importer in the world," said ING economist Lynn Song.

"At least a few market participants have mentioned re-evaluating the 'China risk premium' amid rising global uncertainty elsewhere, which has led to China looking more and more like the adult in the room."

(Reuters)   https://www.shafaq.com/en/Economy/US-Dollar-slides-1-3-in-worst-week-since-January

“Iraq News” Posted by Tishwash at TNT 4-10-2026

TNT:

Tishwash:  4 reasons behind the stability of exchange rates in Iraq

The Prime Minister’s financial advisor, Mazhar Muhammad Salih, confirmed on Thursday that the stability of exchange rates and the decline in inflationary pressures in Iraq are due to four interconnected factors that supported the local market despite the disruption of global supply chains, particularly through the Gulf and the Strait of Hormuz .

Saleh said, in a statement followed by Al-Sa’a Network, that “the first factor is the availability of high stocks of durable goods, while the second is related to the state’s ability to secure a strategic reserve of food basket items and enhance food security.”

He added that "the third factor is the high level of government support, which includes fuel, food baskets and public services, in addition to the role of cooperative stores in absorbing price pressures."

He pointed out that "the fourth factor lies in the efficiency of foreign reserves in financing private sector trade, with the exchange rate stabilizing at around 1,320 dinars to the dollar, and the high level of banking and commercial compliance, which helped to accelerate foreign transfers and ensure the smooth flow of imports."

He explained that "the combination of these factors contributed to consolidating economic stability and reducing fluctuations in prices and the exchange market, within integrated financial, monetary and trade policies led by the government."  link

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

Tishwash:  Financial advisor warns: Lack of budget hinders economic reforms

 The Prime Minister’s financial advisor, Mazhar Muhammad Saleh, announced on Thursday that a proposal had been submitted to avoid delaying the approval of the budget, noting that delaying the approval of the budget would lead to a number of negative effects.

Saleh said in a statement to the official agency, which was followed by "Video News Agency" that "the failure to approve the general budget, whether it is related to the financial schedules for 2025 within the three-year budget law, or the budget for 2026, leaves a number of negative effects."

He explained that "among the most prominent of these effects is the disruption of new investment projects and the slowdown in the implementation of existing projects, as a result of the lack of necessary financial allocations, in addition to the government resorting to the temporary spending rule (1/12 of a previous budget) based on the amended Financial Management Law No. (6) of 2019, which restricts the ability to expand spending or launch new programs."

He added that “this negatively impacts economic growth rates and raises unemployment rates, in addition to weakening investor confidence due to the lack of clarity in financial policies, as well as the delay in implementing economic and administrative reforms,” noting that “to avoid a recurrence of this situation in the future, there is a proposal to adopt multi-year budgets with greater legislative flexibility, which reduces reliance on annual approval, with the need to strengthen the legal framework for financial management to ensure adherence to budget approval timelines, as well as to neutralize political disputes from the budget approval process.”

He explained that "diversifying revenue sources and strengthening the role of regulatory institutions contribute to supporting financial stability and accelerating the process of approving the general budget."

Regarding how to absorb the burdens of the past two years, Saleh stated that "this requires preparing a flexible budget based on rearranging priorities, including previous commitments within the new allocations, improving spending efficiency, as well as the possibility of resorting to well-considered borrowing and strengthening the partnership with the private sector."  link

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

Tishwash:  Iraq needs deeper economic reforms; unemployment is expected to rise to over 15% by 2025.

Statistics compiled by Statista, a German company specializing in global market and consumer data, showed that the unemployment rate in Iraq recorded a slight increase during the year 2025.

The company stated in its report that the unemployment rate in Iraq rose in 2025 to 15.49%, compared to 15.28% in 2024, reflecting continued pressures in the labor market despite limited improvement.

According to the data, the country's unemployment rate rose by 6.85 percentage points during the period from 1991 to 2025, but this rise was not constant, but rather characterized by clear fluctuations up and down over the years.

She noted that 2016 saw the highest levels of unemployment, with the rate reaching 16.17%, amid economic and security challenges that directly affected job opportunities and economic activity.

She added that these figures show that the labor market in Iraq still faces structural challenges, requiring deeper economic reforms to boost employment and create sustainable job opportunities. link

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

Tishwash:  Kurdistan Finance Ministry transfers more than 43 billion dinars of non-oil revenues to the federal treasury

The Ministry of Finance and Economy of the Kurdistan Regional Government announced on Wednesday, April 8, 2026, that it had transferred the non-oil revenue amounts for the month of March to the federal government in Baghdad.

The ministry stated in an official statement that it had deposited an amount of (43,094,141,000) forty-three billion, ninety-four million, one hundred and forty-one thousand Iraqi dinars into the bank account of the Federal Ministry of Finance.

 The statement explained that these sums, which represent the region’s share of non-oil revenues, were delivered “in cash” through the Central Bank of Iraq branch in Erbil.

This step comes as a continuation of the implementation of the provisions of the joint agreements and legal obligations between Erbil and Baghdad, related to the mechanism for delivering local revenues and financial entitlements to strengthen the state’s general treasury. link

Seeds of Wisdom RV and Economics Updates Thursday Evening 4-9-26

Good Evening Dinar Recaps,

IMF Shock Warning | “No Easy Exit” as Energy Crisis Reshapes Global Economy

Supply shock, rising debt, and slowing growth signal deeper systemic strain

 Overview

In the last 24 hours, the International Monetary Fund (IMF) delivered one of its strongest warnings yet: the global economy faces “no painless exit” from the current energy shock triggered by the Iran conflict.

Despite a temporary ceasefire, the IMF emphasizes that supply disruptions, inflation, and economic damage are already embedded, with long-term consequences likely to reshape global financial dynamics.

Key Developments

1. IMF Warns of Prolonged Global Supply Shock

The IMF confirmed the crisis has caused a 13% drop in global oil flows and a 20% decline in LNG supply, creating a major energy shock across markets.

This type of disruption is classified as a “negative supply shock”, meaning it cannot be easily fixed through traditional economic stimulus.

2. “No Painless Exit” from the Crisis

IMF leadership warned there is no easy policy solution, as efforts to stimulate growth could worsen inflation, while tightening policy could slow economies further.

This creates a policy trap for central banks worldwide.

3. Global Growth Downgrades Accelerate

The IMF is now preparing to downgrade global growth forecasts, citing lasting damage to infrastructure, supply chains, and investor confidence.

Even in a best-case scenario, officials say there will be no return to pre-crisis conditions.

4. $20–$50 Billion in Crisis Support Expected

Demand for IMF assistance is projected to surge, with up to $50 billion needed for vulnerable economies, highlighting growing systemic stress across nations.

Why It Matters

This is a clear signal that the global economy is not just facing volatility—it is entering a structural stress phase.

When supply shocks, inflation, and debt converge, the result is often long-term transformation in how financial systems operate.

Why It Matters to Foreign Currency Holders

• Persistent energy shocks increase inflation across all currencies

• Slowing growth raises risk of currency devaluation and instability

• IMF intervention signals rising sovereign financial stress

• Hard assets and commodities gain renewed strategic importance

Implications for the Global Reset

• Pillar 1: Breakdown of Traditional Policy Tools

The inability to balance inflation and growth highlights limits of current monetary systems, increasing the likelihood of policy innovation or restructuring.

• Pillar 2: Global Financial Dependence Expands

Rising reliance on IMF support signals a shift toward centralized financial backstops, reducing national economic independence.

Analysis

The IMF’s message is clear: this is not a temporary disruption—it is a systemic turning point.

The combination of energy shortages, inflation pressure, and weakening growth creates conditions where traditional economic models begin to lose effectiveness.

Even if geopolitical tensions ease, the economic aftershocks will persist, potentially accelerating trends such as de-dollarization, commodity-backed strategies, and global financial realignment.

This is not just an energy crisis — it’s a structural shift in the global financial system.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• “IMF Expects Up to $50 Billion in Support Demand from War Fallout” — Reuters

• “IMF Warns No Painless Exit from Energy Shock” — Axios

~~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

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RV Updates Proof links - Facts Link

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Two Weeks to Stop the Spread of War

Two Weeks to Stop the Spread of War

Notes From the Field By James Hickman (Simon Black/Sovereign Man) April 8, 2026

On August 15, 1945, after two of their cities had been obliterated by the world's first nuclear weapons, the people of Japan heard the voice of their young Emperor for the first time ever.

Hirohito went on what was a relatively new communications medium at the time—the radio— and gave one of the most bizarre speeches in all of human history, in which he told his subjects that "the war situation has developed not necessarily to Japan's advantage."

Talk about an understatement.

It's one of the more famous examples in a long list throughout history of speeches that have ended conflicts, where leaders paint whatever picture they want.

Perhaps even more famously, Richard Nixon promised "peace with honor" in Vietnam on the campaign trail in 1968.

It was one of the most brilliant political statements of its era, because everyone heard what they wanted to hear. Those who wanted an end to the war heard "peace." The war hawks heard "honor." Everyone got what they wanted out of it.

But ultimately there was neither peace nor honor. The war dragged on for seven more years, resulting in a humiliating withdrawal from Saigon in April 1975, complete with desperate helicopter evacuations from the US Embassy rooftop.

This is the sort of stuff that peace deals and conflict resolutions are made of— situations where you can talk out of both sides of your mouth, and both sides of the conflict can declare victory.

And if both sides can claim victory, that's actually a good thing. Because the only other way to end a war is to have the other side so utterly demolished that they have no choice but to accept defeat.

The alternative is to give both sides an out.

That's what's happening with Iran.

It's a strange situation from a military and strategic perspective given that Iran has been objectively obliterated; major infrastructure is demolished, key leadership was assassinated, the military is weakened, the government is vulnerable— and yet Iran actually thinks they are winning. Or at least they act like it.

It reminds me of when Charlie Sheen was on a three-day cocaine binge giving live interviews and talking about "winning." That's Iran right now.

The reason is because the American media is so deranged, so pro-Iran and anti-Trump, that they have managed to convince the Iranians that they are much stronger than they actually are.

But at this point the political realities have started surfacing in the US. The administration is worried about high gas prices and the midterms, and there’s a lot of pressure to end the conflict.

Now there’s an arrangement where both sides can declare victory. The US can say they accomplished their objectives — dismantled Iran's military and defense capabilities, degraded their nuclear program, eliminated key leadership, and dismantled their ability to fund and spread terror.

And the Iranians can say they stood up to the ‘evil empire’ and forced the Americans to walk away.

That is essentially what both sides are saying right now. And while the full implications remain to be seen, this is where the proverbial rubber meets the road.

We've been saying since this war started that it could end up being a very big deal for the fate of the United States... so what happens during negotiations over the next few weeks is crucial.

On one hand, there is a possibility they could strike a deal to lift sanctions against Iran and allow Iranian oil to be sold on the global market— as long as it's priced in US dollars.

Between Iran and Venezuela, that could create a massive financial incentive for the whole world to continue to hold US dollars, and thus to buy US government bonds.

But it could just as easily go the other way if the Iranians continue to think they are in a position of strength and that they have the advantage.

One thing we can be pretty sure about is that there probably won't be a resolution in two weeks.

I couldn't help but think of the infamous "two weeks to stop the spread" when COVID first emerged. That was an unrealistic timetable then, and two weeks is an unrealistic timetable now.

International negotiations are extremely difficult, and the tried and true tactic of rogue-nation geopolitics is to let negotiations drag on.

The Soviets perfected this approach. Their strategy was always to exhaust the negotiation partner. Westerners tend to like quick and speedy deals, but rogue nations in general tend to use that impatience to their advantage. So it's hard to believe in the two-week time frame.

But the clock has certainly started, however long it takes. And by the end we should have a very good sense for what this means for America.

The consequences could be massive— for inflation, for the dollar, for bond markets, for the trajectory of the entire US economy.

This could still be a deal that helps prop up the dollar and US government bonds for years, if not decades, to come. But if that doesn't happen, the best-case scenario is probably a stalemate where both sides walk away, flip the switch, turn off the war, almost pretend it never happened. And hopefully the world just ignores it and gives America a pass.

Time will tell. But probably not in the next two weeks.

To your freedom, James Hickman Co-Founder, Schiff Sovereign LLC

https://www.schiffsovereign.com/trends/two-weeks-to-stop-the-spread-of-war-154964/?inf_contact_key=73e2aaa2627e078969bc72431c5e1e4cb35f7cb4f843dbaf82489fd4b96e6293‍ ‍

Seeds of Wisdom RV and Economics Updates Thursday Afternoon 4-9-26

Good Afternoon Dinar Recaps,

IMF Alarm | War-Driven Inflation Threatens Global Financial Stability

Rising energy shocks and debt strain push the system toward breaking points

Overview

The International Monetary Fund has issued a fresh warning within the last 24 hours that the ongoing Middle East conflict is triggering a global inflation surge and economic slowdown, with long-term consequences even if peace is achieved.

Officials warn the world is facing a major supply shock, driven by disrupted energy flows, rising costs, and weakening growth—conditions that historically precede major monetary system shifts.

Key Developments

1. IMF Warns of Persistent Global Inflation Surge

The IMF cautioned that the war is driving up oil, gas, and commodity prices, creating broad inflationary pressure across global markets.

2. Global Growth Forecasts Being Downgraded

Economic projections are being revised lower, with the IMF warning that growth will slow even if peace holds, due to lasting damage to infrastructure and supply chains.

3. $20–$50 Billion in Emergency Support Expected

The IMF anticipates surging demand for financial assistance, estimating up to $50 billion in support for vulnerable economies impacted by energy shocks and food insecurity.

4. Central Banks Face Policy Dilemma

Officials warn central banks must balance rising inflation with weakening demand, creating a difficult environment where tightening too much could stall growth, while easing could fuel inflation further.

Why It Matters

This is a clear signal that the global economy is entering a high-risk phase, where inflation, debt, and slowing growth converge.

Such conditions historically force structural changes in monetary policy and financial systems, especially when traditional tools become less effective.

Why It Matters to Foreign Currency Holders

• Persistent inflation reduces global purchasing power

• Weak growth increases risk of currency instability

• Rising debt burdens may trigger devaluation pressures

• Hard assets like commodities gain renewed monetary relevance

Implications for the Global Reset

• Pillar 1: Inflation & Debt Convergence

The combination of high inflation and rising sovereign debt places unprecedented stress on the fiat-based system, increasing the likelihood of restructuring.

• Pillar 2: Multilateral Financial Dependence

Rising demand for IMF support highlights growing reliance on global financial backstops, signaling strain in national economic resilience.

Analysis

The IMF’s warnings point to a system under pressure from multiple directions—energy shocks, supply disruptions, and fiscal strain.

Even if conflict subsides, the economic aftershocks will persist, suggesting that the current system may struggle to return to pre-crisis stability.

This environment increases the probability of policy shifts, currency realignments, and structural reforms in the global financial architecture.

This is not just inflation — it’s systemic stress building beneath the surface.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• “IMF Warns of Looming Inflation Crisis” — Al Jazeera

• “IMF Sees Up to $50 Billion Aid Demand from War Impact” — Reuters

~~~~~~~~~~

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Thank you Dinar Recaps

Iraq Economic News And Points To Ponder Thursday Afternoon 4-9-26

ISX trades $17M+ in monthly activity

2026-04-09 Shafaq News- Baghdad   The Iraq Stock Exchange (ISX) recorded more than 26.9 billion Iraqi dinars in trading value over March —roughly $17.6 million.  According to market data, more than 12.8 billion shares were traded during the month across 17 regular trading sessions.

The ISX60 index closed the month at 964.57 points, marking a 0.12% increase compared with the previous session.

Throughout the month, the exchange executed around 16,775 sale and purchase contracts across listed companies. During the period, 81 companies out of 118 listed firms recorded actual trading activity.

https://www.shafaq.com/en/Economy/ISX-trades-17M-in-monthly-activity

IMF Flags Global Growth Downgrade As War Hits Energy Supply

2026-04-09 Shafaq News- Washington  War-linked supply shock has cut global oil flows by about 13% and LNG by 20%, pushing energy prices higher and forcing a downgrade in global growth forecasts, the International Monetary Fund (IMF) warned on Thursday.

In a speech during the 2026 IMF Spring Meetings, IMF Managing Director Kristalina Georgieva said oil prices rose from $72 per barrel before the conflict to a peak of $120, before easing slightly. She pointed to multiple ripple effects, including shortages of refined fuels such as diesel and jet fuel, disruptions to transport and trade, and worsening food insecurity, with an additional 45 million people at risk of hunger due to higher transport and fertilizer costs.

Kristalina Georgieva @KGeorgieva      As in past shocks, alertness and agility are key. Central banks should stress commitment to price stability. Fiscal support should be targeted and temporary. And all countries must reject go-it-alone actions that can further upset global conditions. https://imf.org/en/news/articles/2026/04/09/sp040926-spring-meetings-2026-curtain-raiser…

She outlined three main transmission channels for the shock: higher prices and shortages driving inflation, rising inflation expectations that could destabilize markets, and tightening financial conditions marked by widening bond spreads and a stronger US dollar.

Georgieva also warned that global public debt remains elevated, limiting fiscal space, and stressed the need for responsible policy management as borrowing costs rise.

She estimated that demand for IMF financial support could increase by $20 billion to $50 billion in the near term, depending on how the conflict evolves, adding that it stands ready to assist its 191 member countries.

https://www.shafaq.com/en/Economy/IMF-flags-global-growth-downgrade-as-war-hits-energy-supply

Read more: Opinion: US moves to control oil and collapse Iran

Oil Prices Climb As Strait Of Hormuz Traffic Remains Disrupted

2026-04-09 Shafaq News   Oil prices pared gains to rise about ​1% on Thursday after Israel said it would start direct negotiations with Lebanon as soon as possible.

Doubts over the durability of ‌a two-week Middle East ceasefire raised concerns about continued restrictions on energy flows through the Strait of Hormuz, sending prices up more than 5% earlier in the session. Those gains were later erased after Israeli Prime Minister Benjamin Netanyahu said he had given instructions for Israel to begin peace talks with Lebanon that would also include the disarming of Hezbollah.

Brent crude ​futures were up 90 cents, or 1% at $95.65 a barrel at 12:58 p.m. ET (1658 GMT), easing from a high of $99.50 earlier in the​session. U.S. West Texas Intermediate (WTI) crude also pared gains, rising $3 or 3.2% at $97.39, after hitting a session high of $102.70.

Both ⁠benchmarks fell below $100 per barrel in the previous trading session, with WTI recording its biggest decline since April 2020, on optimism that the ceasefire would ​result in a reopening of the strait.

Israel, however, bombed more targets in Lebanon on Thursday, putting the ceasefire in jeopardy after its biggest attacks of the war ​on its neighbor killed more than 250 people and threatened to torpedo Donald Trump's truce from the outset.

Questions also lingered over the effectiveness of the ceasefire as ship traffic through the Strait of Hormuz fell to well below 10% of normal volumes on Thursday after Iran asserted control by warning vessels to remain within its territorial waters and prices for ​some physical oil grades hit fresh.

The Hormuz waterway connects supply from Gulf producers such as Iraq, Saudi Arabia, Kuwait and Qatar to global markets, ​and typically carries about 20% of global oil and gas supply.

"Crude futures are taking back some of (Wednesday's) losses as the Strait of Hormuz remains with just a small ‌fraction of ⁠traffic, much less than the market anticipated (Wednesday)," said Dennis Kissler, senior vice president of trading at BOK Financial.

"The ceasefire agreements are in question as Israel had continued to strike Lebanon and Vice President Vance is en route to the Middle East to continue the talks," Kissler added.

RISKS WON'T DISAPPEAR OVERNIGHT

"Even if shipments resume, the risks won't disappear overnight," said Susannah Streeter, chief investment strategist at Wealth Club. "Tankers may be forced to navigate mined waters and a heightened military ​presence, all of which will keep insurance ​premiums high and freight costs ⁠elevated."

Shippers on Wednesday said they needed clarity on terms of the ceasefire before resuming transit through the Strait of Hormuz. Iran has issued maps to guide ships around mines and showing safe paths for passage, Iranian media reported.

Regional oil facilities ​remain under threat, with Iran striking sites in nearby countries after the ceasefire, including a pipeline in Saudi ​Arabia that has been ⁠used to bypass the blockaded waterway, according to an oil industry source.

Crude loadings at Saudi Arabia's Red Sea port of Yanbu have continued despite an Iranian on Wednesday on the country's East-West Pipeline, sources at two buyers from the port and a third trading source told Reuters on Thursday.

Kuwait, Bahrain and the UAE also ⁠reported missile ​and drone attacks by Iran.

The ceasefire led Goldman Sachs to trim its second‑quarter 2026 forecasts for ​Brent and U.S. crude to $90 and $87 a barrel, respectively, from previous forecasts that Brent and West Texas Intermediate (WTI) oil prices would average $99 and $91 a barrel, respectively.  (Reuters)https://www.shafaq.com/en/Economy/Russia-expects-9-billion-oil-tax-surge

Iraq Cracks Baath Cell Hid Behind Civilian Cover In Baghdad

2026-04-09 Shafaq News- Baghdad   Iraq's National Security Service (INSS) announced Thursday it had dismantled an organized cell linked to the banned Baath Party operating in western Baghdad, following a months-long intelligence operation.

The agency's spokesman said in a statement that the operation exposed the cell's organizational structure, which began its activity under civilian cover before shifting to a military character. Security forces seized photographs of security personnel and sensitive locations from the cell's members, and detected attempts to recruit new members. Eight people have been arrested so far.

The agency also sent warning text messages to individuals who had been lured into the so-called "Iraqi National Assembly for Change and Liberation" -a front linked to Saddam Hussein’s Baath Party- urging them to withdraw. Many of those contacted responded by shutting down platforms that had been used for recruitment and promotion.

https://www.shafaq.com/en/Security/Iraq-cracks-Baath-cell-hid-behind-civilian-cover-in-Baghdad

US Embassy Seeks Public Help To Identify Attackers In Iraq

2026-04-09 Shafaq News- Baghdad   On Thursday, the US Embassy in Iraq called for information about people targeting its facilities in Iraq.

The embassy urged for information on Iran-aligned armed factions or individuals responsible for the attacks.

Since the outbreak of hostilities between Iran, the United States, and Israel on February 28, the US Embassy in Baghdad, the US Consulate in the Kurdistan Region, and other American interests in Iraq have faced dozens of drone and rocket attacks.   https://www.shafaq.com/en/society/US-Embassy-seeks-public-help-to-identify-attackers-in-Iraq

Read more: Multiple actors, one battlefield: Iraq since the US-Israel-Iran war began

Italian Journalists Face Harassment In Baghdad

2026-04-09   Shafaq News- Baghdad   Members of the Popular Mobilization Forces (PMF) harassed two Italian journalists following a dispute over filming in Firdos Square in Baghdad, a police source told Shafaq News on Thursday.

The source said a PMF unit ordered them to stop, leading to a verbal altercation. The confrontation escalated as members of the force grabbed the journalists’ clothing and used abusive language before the situation was brought under control.    Italian journalists face harassment in Baghdad - Shafaq News

“Iraq News” Posted by Tishwash at TNT 4-9-2026

TNT:

Tishwash:  Swiss Ambassador: We will follow up on the frozen Iraqi funds in preparation for their return.

The Federal Integrity Commission discussed on Wednesday with the Swiss Ambassador in Baghdad the strengthening of bilateral cooperation in the field of recovering frozen Iraqi funds and combating corruption, while stressing the importance of bilateral partnerships to overcome obstacles to recovering funds and prosecuting the accused.

The Commission’s media office stated in a statement received by Al-Furat News that “the head of the Federal Integrity Commission, Muhammad Ali Al-Lami, during his meeting with the Swiss Ambassador, Daniel Hon, at the Commission’s headquarters, stressed the importance of expanding bilateral partnerships and concluding memoranda of understanding that contribute to overcoming the challenges that hinder the recovery of smuggled funds and accused individuals, and enhance international cooperation in this field.” 

The statement added that "during the meeting, discussions were held on concluding a memorandum of understanding between the two sides, particularly in the areas of information exchange, tracking corruption crimes and reducing their spread, as well as developing technical cooperation and updating policies and strategies related to combating it, and addressing obstacles to recovering funds, especially those that were seized during the era of the previous regime." 

Al-Lami pointed to the "file of Iraqi assets dating back to the time of the previous regime, explaining that their loss is due to several reasons, including the international sanctions imposed in 1990 and the Oil-for-Food Program, which requires effective international cooperation to recover them." 

For his part, the Swiss ambassador expressed his pleasure at strengthening bilateral relations, especially in the field of preventing and combating corruption, stressing his endeavor to coordinate with the competent authorities in his country to study the file of frozen Iraqi funds, in preparation for taking the necessary measures to return them in a way that contributes to supporting reconstruction and development projects in Iraq. link

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

Tishwash:  The House of Representatives votes on the members of the Finance Committee

The Iraqi Parliament voted today, Wednesday, on the members of the Finance Committee. 

 Republic of Iraq – Council of Representatives

First Legislative Term

**Agenda for Session No. (16) – May 2024**

* Recitation of verses from the Holy Quran.

**Department of Legislative Affairs**

**First:** Completion of the vote on the members of the Permanent Parliamentary Committees.

**Second:** First Reading of the Proposed Law on the Fifth Amendment to the Civil Aviation Law No. (198) of 1974 (Submitted by the Committee on Transport, Communications, and Governance) – (58 Articles).

**Third:** First Reading of the Proposed Law on Governorates Not Incorporated into a Region (Submitted by the Committee on Regions and Governorates Not Incorporated into a Region, Planning, Government Program, and Endowments) – (71 Articles).

**[Administrative Note]**

The session shall commence at 11:00 AM.  link

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

Tishwash:  Industry: 234 partnership agreements to support the private sector in Iraq

The Ministry of Industry and Minerals announced on Wednesday a plan to rehabilitate and operate stalled factories, confirming the existence of 234 partnership contracts to support the industrial sector in Iraq.

The ministry's spokesperson, Duha al-Jubouri, told the official news agency that "the ministry intends to take concrete steps to support national industry in the coming period, including operating the closed factories."

Al-Jubouri explained that "the public companies affiliated with the ministry number 31 companies, including 28 production and service companies, in addition to three public bodies, namely the Industrial Research and Development Authority, the Geological Survey Authority, and the Million Industrial Authority."

She continued: “The number of factories affiliated with the ministry is 312, of which 225 are operational, while 87 are out of operation,” stressing that “work is underway by the administrations of the out of operation factories, under the guidance and supervision of the Minister of Industry, to rehabilitate and operate the factories.”

She added that "the number of partnership contracts with the private sector is 144 contracts that are still being implemented, while 90 new contracts are being evaluated, bringing the total number of partnership contracts with the private sector to 234 contracts."

She noted that "the ministry has partnership contracts related to strategic industries such as sulfur and phosphate, which may take time to be completed," expecting that "citizens will see the real results of some of these projects during this year  link

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

Tishwash:  He moved to approve an emergency budget of $40 billion.

 In light of the economic and financial challenges and the significant decline in oil revenues as a result of the war and regional conflicts, the Prime Minister’s financial advisor, Dr. Mazhar Muhammad Salih, announced that the government is adopting a series of measures to ensure the continuity of the work of state institutions and the provision of basic services in the event of a delay in approving the general budget.

In an interview with Al-Sabah, Saleh confirmed that one of the most prominent of these measures is the application of the temporary spending rule (1/12) of the previous year's budget, based on the amended Federal Financial Management Law No. (6 of 2019). He explained that this procedure allows for the coverage of essential expenditures such as salaries, wages, pensions, and social welfare allocations, which amount to approximately (8) trillion dinars monthly, while funding continues for basic operational costs. New investment projects are suspended or postponed, and only urgent projects are implemented.

Saleh indicated that the government is working on rearranging spending priorities, focusing on vital sectors, and making limited financial transfers between spending categories within the available legal frameworks. In some cases, it may resort to short-term domestic borrowing to cover the temporary deficit and ensure liquidity stability.

In Parliament, MP Ali Salman al-Moussawi revealed a plan to allocate approximately $40 billion as an emergency budget to expedite and complete projects. He explained to Al-Sabah newspaper that some parties within the coordination framework had requested a budget ranging between $30 and $40 billion to achieve this objective.

For his part, Professor of Financial Economics Dr. Ahmed Al-Hathal affirmed Iraq’s ability to secure operational expenses, but pointed out the need to take exceptional measures to cover investment expenses and strategic projects, in light of the sharp decline in oil revenues, disruption of global supplies and increased geopolitical risks.

Al-Hathal explained to Al-Sabah that the move towards an emergency budget aims to stimulate the economic cycle and prevent the cessation of vital projects related to energy, water, food and infrastructure, explaining that any delay in making the decision will lead to an expansion of the recession, an increase in unemployment and a rise in the bill for stalled projects, which will negatively affect citizens and the local market  link

Seeds of Wisdom RV and Economics Updates Thursday Morning 4-9-26

Good Morning Dinar Recaps,

BRICS Commodity Dominance Reshapes Global Power Balance

Control of resources—not currencies—may define the next phase of global finance

 Overview (Key Points)

• BRICS nations control a significant share of critical global commodities

• The bloc’s strength spans energy, food, metals, and natural resources

• This dominance is fueling a potential global decoupling from Western systems

• Resource control is emerging as a core pillar of financial and geopolitical power

Key Developments

1. BRICS Leads in Critical Minerals and Industrial Metals

• Controls ~90% of global rare earth processing

• Produces ~79% of global aluminum and 77% of palladium

• These materials are essential for:

  • Electric vehicles

  • Defense systems

  • Renewable energy infrastructure
    ‍ ‍👉 This positions BRICS at the center of future industrial and military supply chains

2. Strong Position in Energy Resources

• Holds ~45% of global oil reserves

• Major producers include countries like Russia, Iran, and Saudi Arabia
  👉 Energy dominance gives BRICS pricing influence and geopolitical leverage

3. Expanding Control Over Global Food Supply

• Accounts for:

  • ~42% of global food production

  • ~40% of grain and meat supply

• Controls ~30% of the world’s arable land
  ‍ ‍👉 Food security becomes a strategic advantage in times of crisis

4. Command Over Water and Natural Resources

• Holds ~40% of global freshwater reserves
  ‍ ‍👉 Water is increasingly viewed as a future strategic asset, not just a utility

5. Significant Share of Precious Metals and Wealth Anchors

• Produces ~50% of global gold output
  ‍ ‍👉 Gold remains a key hedge against currency instability and inflation

6. Industrial Production Powerhouse

• Generates ~40% of global industrial output
  ‍ ‍👉 Strengthens BRICS’ ability to control supply chains and manufacturing

7. Population Advantage Fuels Workforce Growth

• BRICS nations represent ~4.4 billion people (55% of global population)

• In contrast, G7 nations account for less than 10%
  ‍ ‍👉 Provides a massive labor force and consumer base

Why It Matters

The global system has long been dominated by financial power (West) versus resource power (emerging markets).

That balance is shifting.

• BRICS controls the “real assets”: energy, food, minerals, water

• Western economies largely dominate financial systems and capital markets

If resource control tightens, global dependence may shift toward commodity-rich nations

Why It Matters to Foreign Currency Holders

• Commodities often back or influence currency strength over time

• Nations rich in resources may gain:

  • Stronger trade leverage

  • More stable long-term currency positioning

• Investors should monitor:

  • Commodity flows and pricing power

  • Gold accumulation trends

  • Energy trade settlement currencies

This suggests a gradual move toward asset-backed influence rather than purely debt-based systems

Implications for the Global Reset

• Pillar 1: Resource-Based Power Shift

• Control of commodities may outweigh traditional financial dominance

• BRICS nations are positioned to anchor value through real assets

• Pillar 2: Supply Chain Realignment

• Western nations may become increasingly dependent on BRICS-controlled resources

• This could accelerate trade realignment and geopolitical shifts

The reset may not begin with currency—but with who controls the inputs of the global economy

Closing Insight

The West may control money systems, but BRICS controls what the world needs to function.

When resources dictate terms, power follows the supply.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Watcher Guru — “10 Commodities That BRICS Is Ahead of Western Countries”

• Global Commodity & Reserve Data—FAO 

~~~~~~~~~~  

 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™

~~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's News Telegram Room Link

RV Facts with Proof Links Link

RV Updates Proof links - Facts Link

Follow the Gold/Silver Rate COMEX

Follow Fast Facts

Seeds of Wisdom Team™ Website

Thank you Dinar Recaps

Iraq Economic News And Points To Ponder Thursday Morning 4-9-26

Oil Gains 2% Following Doubts Over Hormuz Reopening

2026-04-09 Shafaq News   Oil prices rose on Thursday as doubts over a fragile two-week Middle East ceasefire raised concerns that energy flows through the crucial Strait of Hormuz will remain restricted.

Brent crude futures were up $1.96, or 2.07%, at $96.71 a barrel at 0325 GMT, while U.S. West Texas Intermediate (WTI) crude rose $2.60, or 2.75%, to $97.01 a barrel.

Both benchmark prices fell below $100 per barrel in the previous trading session, with WTI recording its biggest decline since April 2020, on initial expectations for the ceasefire to result in a reopening of the strait.

However, analysts said market participants are hesitant to fully unwind pricing for geopolitical risk, and there is no clarity on ⁠what negotiations between the U.S. and Iran would mean for oil flows.

"The chances of a meaningful reopening (of the Strait of Hormuz) any time soon look dim," said Vandana Hari, founder of oil market analysis provider Vanda Insights, predicting continued volatility in oil prices.

"The futures market looks a bit broken," she said. Otherwise, "prices should have snapped right back to pre-ceasefire levels by now."

The vital waterway connects supply from Gulf producers such as Iraq, Saudi Arabia, Kuwait and Qatar to global markets, and typically carries about 20% of global oil and gas supply.

The viability of the ceasefire is in question with Israel continuing to attack Lebanon on Wednesday, causing Iran to suggest it would be "unreasonable" to proceed with talks to forge a permanent peace deal.

Shippers on Wednesday also said ⁠they needed more clarity on the terms of the ceasefire before resuming transit through the Strait of Hormuz. Iran has issued maps to guide ships around mines in the waterway and designated safe paths for passage in coordination with the country's Revolutionary Guards, Iranian media reported.

"Logistic disconnects, security fears, elevated insurance premiums and operational constraints mean that very little additional energy is likely to be supplied via the Strait ⁠of Hormuz in the next two weeks," analysts at Standard Chartered said in a note.

Regional oil facilities also remain under threat, with Iran striking sites in nearby countries after the ceasefire, including a pipeline in Saudi Arabia that has been used to bypass the ⁠blockaded Strait of Hormuz, according to an oil industry source.

Kuwait, Bahrain and the UAE also reported missile and drone attacks.

Meanwhile, Goldman Sachs kept its third- and fourth-quarter oil price forecasts unchanged at, respectively, $82 and $80 for Brent, and $77 and $75 for ⁠WTI.

The investment bank lowered its second-quarter forecasts for Brent to $90 and WTI to $87 "given the reduction in risk premium at the front of the curve", with oil flows through the Strait of Hormuz "already edging up".  (Reuters)

https://www.shafaq.com/en/Economy/Oil-gains-2-following-doubts-over-Hormuz-reopening

Basrah Crude Drops Over 8% Despite Global Oil Rise

2026-04-09 Shafaq News– Basrah   Basrah crude fell more than 8% on Thursday, diverging from rising global oil prices.

Basrah Heavy crude fell $10.96, or 8.88% to $112.44 per barrel, and Basrah Medium crude declined $10.96, or 8.73%, reaching $114.54 per barrel.

Brent crude futures were up $1.96, or 2.07%, at $96.71 a barrel. US West Texas Intermediate (WTI) crude rose $2.60, or 2.75%, to $97.01 a barrel.  https://www.shafaq.com/en/Economy/Basrah-crude-drops-over-8-despite-global-oil-rise-2

Gold Prices Stabilize Before US Inflation Data Release

2026-04-09 Shafaq News   Gold prices were largely steady on Thursday as investors remained cautious about the fragile U.S.-Iran ceasefire, with a key U.S. inflation report due later in the day also in focus for interest rate clues.

Spot gold inched 0.1% higher to $4,721.51 per ounce, as of 0523 GMT. U.S. gold futures for June delivery fell 0.7% to $4,744.90.

"It doesn't seem like gold is looking to do ⁠much at this moment. I think there's still a lot of speculation on what's going to happen after the ceasefire," said GoldSilver Central Managing Director Brian Lan.

Lan said he expected gold to consolidate between $4,607 and $4,860 in the near term.

On Wednesday, Israel pounded Lebanon with its heaviest strikes yet, killing hundreds of people and drawing a threat of retaliation from Iran.

Oil prices rose on Thursday on concerns that supply from the key Middle East producing region may not fully resume amid doubts that the two-week ceasefire will hold.

Spot gold has declined ⁠more than 10% since the war began on February 28, as higher energy prices fuelled inflation concerns and prompted markets to reassess interest rate expectations, reducing non-yielding bullion's appeal.

Minutes from the Federal Reserve's March 17 to 18 meeting showed that more policymakers felt rate hikes could be needed ⁠to counter inflation that continued to exceed the central bank's 2% target.

U.S. Personal Consumption Expenditures data for February is due at 1230 GMT, and March consumer price data on Friday could give further clues ⁠on the Fed's policy path.

"Beyond near-term liquidity needs, we expect gold to continue to rebuild its gains in the coming months amid heightened geopolitical risk," Standard Chartered said ⁠in a note on Wednesday.

Among other metals, spot silver fell 0.1% to $74.07 per ounce, platinum lost 0.4% to $2,020.60 and palladium edged up 0.3% to $1,559.   (Reuters)   https://www.shafaq.com/en/Economy/Gold-prices-stabilize-before-US-inflation-data-release

Gold Prices Fall In Baghdad And Erbil

2026-04-09     Shafaq News- Baghdad/ Erbil  On Thursday, gold prices hovered around 1 million IQD per mithqal in Baghdad and Erbil markets, according to a survey by Shafaq News Agency.

Gold prices on Baghdad's Al-Nahr Street recorded a selling price of 1,014,000 IQD per mithqal (equivalent to five grams) for 21-carat gold, including Gulf, Turkish, and European varieties, with a buying price of 1,010,000 IQD. The same gold had sold for 1,036,000 IQD on Wednesday.

The selling price for 21-carat Iraqi gold stood at 984,000 IQD, while the buying price reached 980,000 IQD.

In jewelry stores, the selling price per mithqal of 21-carat Gulf gold ranged between 1,015,000 and 1,025,000 IQD, while Iraqi gold sold for between 980,000 and 990,000 IQD.

In Erbil, 22-carat gold was sold at 1,071,000 IQD per mithqal, 21-carat gold at 1,023,000 IQD, and 18-carat gold at 876,000 IQD.   Gold prices fall in Baghdad and Erbil - Shafaq News