What Is Stagflation?

What Is Stagflation?

By   Kimberly Amadeo    Updated on July 1, 2021

Key Takeaways

• Stagflation is stagnant economic growth plus high inflation and high unemployment.

• It is caused by conflicting contractionary and expansionary fiscal policies.

• Stagflation got its name during the 1973-1975 recession, when GDP growth was negative for five quarters.

• Because of changes in policy and economic conditions, stagflation is unlikely to reoccur today.

Definitions and Examples of Stagflation

Stagflation is a combination of stagnant economic growth, high unemployment, and high inflation.1 It's an unnatural situation because inflation is not supposed to occur in a weak economy.

In a normal market economy, slow growth prevents inflation. As a result, consumer demand drops enough to keep prices from rising. Stagflation can only occur if government policies disrupt normal market functioning.

If you compare U.S. GDP by year to inflation by year, you'll find stagflation in the United States occurred during the 1970s.

The federal government manipulated its currency to spur economic growth. At the same time, it restricted supply with wage-price controls.2

In 2008, the Zimbabwean government printed so much money it went beyond stagflation and turned into hyperinflation.3

How Does Stagflation Work?

Stagflation occurs when the government or central banks expand the money supply at the same time they constrain supply.4 The most common culprit is when the government prints currency. It can also occur when a central bank's monetary policies create credit. Both increase the money supply and create inflation. 

At the same time, other policies slow growth. That happens, for instance, if the government increases taxes. It can also occur when the central bank raises interest rates. Both prevent companies from producing more. When conflicting expansionary and contractionary policies occur, it can slow growth while creating inflation.5 That's stagflation.

Stagflation During the 1970s

Stagflation got its name during the 1973-1975 recession. There were five quarters when gross domestic product was negative.2

GDP GROWTH    Q1         Q2      Q3        Q4

1973    10.3%      4.4%-    2.1%    3.8%

1974    -3.4%       1.0%     -3.7%    -1.5%

1975    -4.8%      2.9%    7.0%     5.5%

Unemployment peaked at 9% in May 1975, two months after the recession ended.6

 Inflation tripled in 1973, rising from 3.6% in January to 8.7% in December. It rose to a range of between 10% and 12% from February 1974 through April 1975.7

How did this happen? Many experts blame the 1973 oil embargo. That's when OPEC cut its oil exports to the United States. Prices quadrupled, triggering inflation in oil.8

The 1973 oil embargo alone wasn't enough to cause stagflation. Instead, it was a combination of fiscal and monetary policy that created it.

It started with a mild recession in 1970. GDP was negative for two quarters. Unemployment rose to 6.1%. President Richard Nixon was running for re-election. He wanted to boost growth without triggering inflation. 

On August 15, 1971, he announced three fiscal policies. They got him re-elected. They also sowed the seeds for stagflation. A video of Nixon's speech shows the announcement of significant economic policy changes known as the Nixon Shock.9

The Nixon Shock

The Nixon Shock was comprised of three actions that Nixon took.

TO CONTINUE TO READ MORE:    https://www.thebalancemoney.com/what-is-stagflation-3305964

Seeds of Wisdom RV and Economics Updates Wednesday Evening 6-10-26

Good Evening Dinar Recaps,

Japan’s Banking Giants Unite to Launch Stablecoin Network, Accelerating the Digital Currency Transformation

Japan’s largest financial institutions are taking a major step toward modernizing global payments, signaling growing momentum behind tokenized finance, stablecoins, and the evolution of the international monetary system. 

Overview

Three of Japan’s largest banking groups — Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group, and Mizuho Financial Group — have announced plans to jointly issue a stablecoin by March 2027.

The initiative is designed primarily for business-to-business and cross-border transactions, with the long-term goal of creating a more efficient and lower-cost payment infrastructure across Asia and beyond. The project builds on Japan’s growing embrace of digital assets and follows increasing global efforts to integrate blockchain technology into mainstream banking systems.

For observers tracking the evolution of the global financial system, this development represents another sign that major financial institutions are moving toward tokenized money, digital settlement networks, and next-generation payment rails.

Key Developments

1. Japan’s Three Largest Banks Join Forces

Japan's three banking giants announced a collaborative effort to issue a trust-based stablecoin backed by a regulated framework.

Rather than competing separately, the institutions are pooling resources to create a shared platform capable of supporting large-scale commercial transactions and cross-border settlements.

The combined financial strength of these institutions gives the project significant credibility and potential adoption across Asia.

2. Stablecoin Will Operate Through a Trust Structure

The digital currency will be issued through a trust arrangement rather than sitting directly on a bank balance sheet.

Under the structure, a designated trust institution will hold reserves while the participating banks act as joint settlors.

This approach is designed to improve transparency, strengthen regulatory compliance, and reduce operational risks.

3. Project Pax and Progmat Form the Foundation

The initiative builds on Project Pax, launched in 2024 to improve international payment efficiency.

The system utilizes Progmat, a blockchain infrastructure developed by MUFG that supports tokenized financial assets and digital settlement capabilities.

Japanese regulators have reportedly overseen portions of the project since late 2025, indicating significant government involvement and support.

4. ¥1 Trillion Stablecoin Target by 2028

Pilot programs connected to the initiative have already discussed issuance targets approaching ¥1 trillion by 2028.

If achieved, this would create one of the largest bank-backed stablecoin ecosystems in Asia and could significantly expand the use of tokenized settlement mechanisms for international trade and finance.

Why It Matters

This announcement reflects a broader trend unfolding across the global financial system.

While central bank digital currencies (CBDCs) continue to face political and regulatory debate, stablecoins are increasingly emerging as a practical bridge between traditional banking and blockchain-based finance.

Major financial institutions around the world are investing heavily in tokenization technologies because they offer:

• Faster settlement speeds

• Reduced transaction costs

• Improved cross-border payment efficiency

• Greater transparency and auditability

• Enhanced liquidity management

Japan's move is particularly significant because it comes from some of the most conservative and systemically important financial institutions in the world.

Why It Matters to Foreign Currency Holders

For those following developments related to international monetary reform and the evolution of global finance, Japan’s stablecoin initiative demonstrates that large banking systems are actively preparing for a future where digital representations of fiat currencies move alongside traditional money.

The project does not replace the Japanese yen but instead creates new infrastructure that allows the yen to operate more efficiently in a digital environment.

As more countries and institutions adopt tokenized settlement networks, global commerce could become increasingly interconnected through blockchain-based payment systems rather than legacy correspondent banking networks.

Implications for the Global Reset

• Pillar 1: Digital Financial Infrastructure Expansion

The launch of a major bank-backed stablecoin network demonstrates that financial institutions continue investing in blockchain-based payment systems as part of the modernization of global finance.

Digital settlement layers are gradually becoming integrated into traditional banking architecture rather than existing outside it.

• Pillar 2: Evolution of Cross-Border Payments

International payment efficiency remains a priority for governments and financial institutions.

Projects such as Japan’s stablecoin initiative support a broader trend toward faster and more direct settlement mechanisms that may eventually reduce reliance on older payment channels.

The result is not necessarily the replacement of existing currencies but the creation of a more technologically advanced financial ecosystem.

What Comes Next

Attention now shifts toward regulatory approvals, technical development, and pilot testing ahead of the planned March 2027 launch.

Financial institutions across Asia will closely watch whether the initiative succeeds in reducing settlement costs and increasing transaction efficiency.

If successful, Japan’s model could encourage additional banking consortiums worldwide to develop similar stablecoin frameworks, accelerating the tokenization of global finance.

This is not just fintech innovation — it is another step in the modernization of the global financial architecture.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Crypto Briefing — "Japan’s Largest Banks Plan to Jointly Issue Stablecoins by March 2027"

• Cointelegraph — "Japan’s Ruling Party Pushes Crypto ETFs, Yen-Denominated Stablecoins"

~~~~~~~~~~

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

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Thank you Dinar Recaps

The Dinar Den: Dinar Talk with NATO Contractor

The Dinar Den: Dinar Talk with NATO Contractor

6-9-2026

In a recent insightful episode, The Dinar Den brought together host Stephen and his friend Guy for a compelling discussion that expertly navigated the complex currents of Middle Eastern geopolitics and their potential implications for the Iraqi Dinar (IQD) revaluation (RV).

This conversation offered listeners a nuanced perspective, moving beyond daily headlines to explore the strategic underpinnings of regional events and their financial ripples.

The dialogue began by addressing the recent period of relative quiet in news cycles, which often translates to fewer updates for those closely following the Dinar.

However, the contributors swiftly pivoted to the significant shifts occurring, particularly the escalating tensions involving Iran and Iraq, including recent US strikes. Far from being a deterrent, Stephen and Guy presented an argument that such intensified conflicts, surprisingly, could potentially accelerate the RV process.

Their reasoning delves into the idea that geopolitical stability and economic reform are often intertwined, and certain external pressures might compel faster internal financial adjustments within Iraq.

A significant portion of the discussion emphasized the critical importance of financial preparedness before any revaluation event occurs.

The guests provided clear, actionable advice on managing the procedural steps once the Dinar gains value. They strongly advocated for utilizing established, traditional banking routes, working closely with financial professionals such as certified public accountants (CPAs) and trust managers.

The consensus was firmly against relying on unofficial “redemption centers” or speculative methods, reinforcing the necessity of a structured, secure approach to protect and maximize one’s assets during such a significant financial transition.

Beyond the immediate focus on the Dinar, the conversation broadened to encompass the evolving global financial landscape. Stephen and Guy highlighted the importance of community support and diversified investment strategies, even touching upon the growing relevance of cryptocurrencies and the ongoing transformation of the global financial system through technologies like blockchain and stablecoins.

 They also took care to clarify crucial distinctions, thoughtfully explaining the difference between a genuine revaluation—an increase in a currency’s purchasing power reflecting economic strength—and a mere redenomination, which is simply a reformatting of currency values. This distinction underscores their belief that Iraq’s economic trajectory is geared towards a legitimate increase in the Dinar’s intrinsic value, not just cosmetic changes.

The episode concluded on an optimistic note, painting a vision of Iraq’s potential future economic role and encouraging viewers to engage in thoughtful and well-informed preparation for the financial shifts ahead. The Dinar Den, through this in-depth discussion, provides valuable context and practical guidance for anyone monitoring the Iraqi Dinar and the broader dynamics shaping global finance.

For a comprehensive understanding and further details, we encourage you to watch the full video from The Dinar Den.

https://www.youtube.com/watch?v=1ZM4bV3YSDQ

HOW WEALTH MANAGEMENT CHANGES BEFORE AND AFTER THE RESET

HOW WEALTH MANAGEMENT CHANGES BEFORE AND AFTER THE RESET

Dr. Scott:  6-10-2026

For years, investors have relied on traditional wealth management strategies built around stocks, bonds, real estate, and paper assets.

But what happens if the financial system undergoes a major reset? Would the same strategies still work?

In this video, Dr. Scott Young explores the key differences between managing wealth before and after a potential reset.

How would wealth management priorities change?

Topics include:

Traditional wealth management principles

Asset allocation before a reset

Risk versus opportunity during periods of change

The role of hard assets and liquidity

What wealth management may look like in a new financial environment

Whether you believe a reset is near or simply want to be prepared for whatever comes next, understanding how wealth strategies may need to adapt is critical.

https://www.youtube.com/watch?v=xFLx34xVqa

Seeds of Wisdom RV and Economics Updates Wednesday Afternoon 6-10-26

Good Afternoon Dinar Recaps,

U.S. Inflation Hits Three-Year High as Energy Shock Rekindles Economic Concerns

Rising energy costs linked to Middle East instability are pushing inflation higher, increasing pressure on consumers, policymakers, and the global financial system.

 Overview

U.S. inflation accelerated sharply in May, reaching its highest level in three years as surging energy prices continued to ripple through the economy. The Consumer Price Index (CPI) rose 4.2% year-over-year, up from 3.8% in April, while monthly inflation increased by 0.5%.

The primary driver behind the increase was energy, which surged 23.5% over the past year amid ongoing tensions in the Middle East and disruptions surrounding critical oil supply routes. The report arrives as investors, central banks, and governments assess the broader economic impact of elevated energy costs and persistent inflationary pressures.

Key Developments

1. Inflation Climbs to Highest Level in Three Years

The latest CPI reading of 4.2% marks the strongest inflation rate since 2023. The increase matched market expectations but reinforces concerns that inflation remains more persistent than policymakers had hoped.

2. Energy Prices Lead the Surge

Energy prices rose 23.5% year-over-year, making them the largest contributor to overall inflation. Gasoline prices increased 7% during May alone and now stand more than 40% higher than a year ago, reflecting ongoing instability in global energy markets.

3. Core Inflation Remains More Moderate

Excluding food and energy, core inflation increased 2.9% annually, suggesting that broader price pressures remain relatively contained. Shelter costs rose 3.4%, while food prices increased 3.1%.

4. Federal Reserve Faces New Policy Challenges

The inflation report may complicate future Federal Reserve decisions regarding interest rates. Persistent inflation could force policymakers to maintain higher rates for longer, potentially slowing economic growth while attempting to control rising prices.

5. Middle East Conflict Continues Influencing Markets

Ongoing tensions involving Iran, the United States, and regional energy infrastructure continue to affect oil markets. Investors remain concerned that further disruptions could keep energy prices elevated and prolong inflationary pressures.

Why It Matters

The return of inflation above 4% highlights the continuing influence of geopolitical events on the global economy. Energy remains one of the most important inputs across nearly every sector, meaning sustained price increases can affect transportation, manufacturing, food production, and household budgets.

Higher inflation also impacts interest rates, borrowing costs, investment decisions, and government fiscal planning. As central banks attempt to balance inflation control with economic growth, markets may experience increased volatility.

 Why It Matters to Foreign Currency Holders

Foreign currency holders should monitor inflation trends closely because they directly influence monetary policy and exchange rates.

Key implications include:

• Potential delays in Federal Reserve rate cuts

• Continued strength in the U.S. dollar

• Increased volatility across global currency markets

• Higher borrowing costs for emerging economies

• Greater pressure on nations dependent on imported energy

Implications for the Global Reset

• Pillar 1: Energy Remains a Primary Economic Driver

The inflation surge demonstrates that energy security remains central to global economic stability. Nations are increasingly seeking alternative supply chains and energy sources to reduce vulnerability to geopolitical disruptions.

• Pillar 2: Higher Inflation Strengthens Monetary Policy Influence

Persistent inflation increases the likelihood that central banks will maintain restrictive monetary policies, affecting debt markets, currencies, and investment flows worldwide.

• Pillar 3: Economic Realignment Accelerates

As nations respond to inflation, energy uncertainty, and shifting trade patterns, efforts to diversify reserves, payment systems, and supply chains may continue to gain momentum.

Future Outlook

The coming months will be critical as policymakers evaluate whether elevated inflation is temporary or becoming entrenched. Future movements in energy prices, particularly those tied to Middle East developments, will likely play a major role in determining inflation trends.

Markets will also focus on upcoming Federal Reserve decisions and whether policymakers signal a willingness to maintain higher interest rates for an extended period. Continued inflationary pressures could affect economic growth, consumer spending, and global investment flows throughout the remainder of the year.

When energy prices rise, inflation follows—and the ripple effects can reshape currencies, markets, and the future architecture of global finance.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Crypto Briefing — "US Inflation Hit Three-Year High in May as Iran War Kept Energy Prices Elevated"

• U.S. Bureau of Labor Statistics — "Consumer Price Index Summary"

~~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

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RV Facts with Proof Links Link

RV Updates Proof links - Facts Link

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Thank you Dinar Recaps

Iraq and Indonesia News Posted by Tishwash at TNT 6-10-2026

TNT:

Tishwash:  Iraq is moving towards balancing programs with US support and in coordination with the World Bank.

Iraqi Finance Minister Faleh Sari discussed on Wednesday with the US Chargé d'Affaires to Iraq, Joshua Harris, prospects for economic cooperation between Baghdad and Washington and ways to strengthen the partnership with US financial institutions, while both sides affirmed their support for the path of economic and financial reforms.

The Ministry of Finance said in a statement, reported by Shafaq News Agency, that the minister stressed that the government has given the economic file high priority within its program, noting that the next stage will witness reforms aimed at addressing economic and financial challenges in a radical way, and in cooperation with international partners.

The minister revealed a government trend towards preparing a program budget and gradually moving away from the traditional budget system, with the aim of raising the efficiency of spending and linking financial allocations to goals and results, in line with the requirements of financial and administrative reform.

For his part, the US Chargé d'Affaires affirmed his country's support for the Iraqi government and its readiness to enhance economic and financial cooperation, in a way that contributes to supporting stability and achieving sustainable economic growth in Iraq.

This trend coincides with what the government spokesman, Haider al-Aboudi, announced, that the Council of Ministers approved a directive to proceed with drafting a "program budget" in coordination with the World Bank and the Parliamentary Finance Committee, within the framework of economic reform.  link

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Tishwash:  Ministry of Oil: Iraq's share of the OPEC+ production increase is 26,000 barrels per day

The Ministry of Oil revealed the size of the increase allocated to Iraq within the recent OPEC+ decision to raise oil production levels.

Ministry spokesman Salim al-Rikabi said that the OPEC+ group decided to increase production by 188,000 barrels per day, noting that Iraq's share of this increase is 26,000 barrels per day.

Al-Rikabi explained that the new increase will come into effect starting next July, within the framework of the understandings reached by the member states of the oil alliance.

Oil Minister Bassem Mohammed Khudair participated in the OPEC+ meeting held via closed-circuit television, where it was agreed to increase production by 188,000 barrels per day, distributed among seven countries: Iraq, Saudi Arabia, Russia, Kuwait, Kazakhstan, Algeria, and Oman. link

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Tishwash:  The Iraqi government announces the establishment of a $150 billion development fund and sets a date for the end of the weapons collection campaign.

Iraqi government spokesman Haider al-Aboudi announced on Wednesday that the cabinet has decided to establish a development fund project with international guarantees and contributions amounting to $150 billion to achieve economic stability through investment. He also revealed that the timeframe for implementing the plan to restrict weapons to the state ends by next September, coinciding with the withdrawal schedule of international coalition forces from the country.

Al-Aboudi said during a press conference attended by Shafaq News Agency in Baghdad that the government based its management of its files on a national vision supported by the mandate and confidence of the House of Representatives, stressing its determination to commit to restricting weapons completely to the hands of the state according to the timetables specified in the ministerial program, which ends next September, coinciding with the end of the tasks of the international coalition.

The government spokesman added that the Cabinet, under the direction of the Prime Minister, approved the formulation of a "program budget" in coordination and joint cooperation with the World Bank and the Parliamentary Finance Committee to advance economic reform in the country.

In response to a question from the agency's correspondent, Al-Aboudi explained that the Development Fund represents an investment vehicle completely independent of the state's general budget, and is based on international contributions from Iraq's friends with guarantees ranging from $100 billion to $150 billion, with the aim of promoting sustainable stability.

Al-Aboudi indicated that the Prime Minister’s upcoming visit to the United States will resolve many issues, mainly related to economic aspects, stressing that Iraq adopts balanced and parallel relations with all countries.

Regarding the relationship with the Kurdistan Region, Al-Aboudi stressed that the Prime Minister directed the oil companies operating in the region to work on increasing oil production, with the aim of reaching financial outcomes and radical solutions that are directly related to securing the salaries of the region’s employees and getting out of the current crises.  link

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Tishwash: The coordinating framework announces its support for Al-Zidi's economic vision and affirms: a movement to prepare a national paper and complete the cabinet.

The Coordination Framework held its periodic meeting at the office of the head of the National Wisdom Movement, Mr. Ammar al-Hakim, in the presence of the Prime Minister, Mr. Ali Falih al-Zaidi, to discuss all the political, economic and service files included on the agenda.

A statement issued by the media office of the Coordination Framework, received by the Iraq Observer Agency, stated that the attendees discussed government affairs extensively, with the Prime Minister presenting a comprehensive vision for addressing the emergency economic crisis, reviewing a number of solutions that received the support and endorsement of the Coordination Framework forces, particularly the urgent proposals for addressing the electricity crisis and activating labor and social security laws in support of the private sector and the working class.

The statement added that the assembled forces agreed to prepare a unified paper called the Coordination Framework, which includes the most important national issues to be presented and discussed within the State Administration Coalition to reach an agreement on them, while emphasizing that all political forces stand behind the government in parliament, politically and in the media to ensure the success of its reform program, as well as agreeing on the need to expedite the completion of the cabinet as soon as possible. link

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Tishwash:  Indonesia surprises markets with an off-season interest rate hike to support the collapsing rupiah

Indonesia unexpectedly raised interest rates outside of its scheduled meetings, a rare move aimed at supporting the rupiah after a series of record declines. The central bank decided on Tuesday to increase the policy rate by 25 basis points to 5.50%, its first such move in eight years.

The bank explained that the decision came after the rupee had fallen at a faster pace than expected since the last meeting in May, when it raised interest rates by 50 basis points, exceeding estimates.

The move comes ahead of next week's Monetary Policy Committee meeting, at a time when the currency is under severe pressure after falling by about 8% since the start of the year and 7% since the outbreak of the war in Iran, making it one of the world's worst-performing currencies. Over the past three weeks, the rupee has recorded its biggest drop since 2020.

The central bank confirmed that raising interest rates represents "an additional measure to enhance exchange rate stability in light of high global volatility resulting from the war in the Middle East," in addition to being a proactive step to keep inflation within the target range during 2026 and 2027.

Temporary market recovery

The decision boosted the Indonesian currency, which closed at 18,050 against the dollar, after hitting a record low of 18,190 the previous day. The Jakarta stock exchange also rose 7.6%, despite having lost more than a third of its value since the beginning of 2026.

A tough battle to support the currency

Authorities are struggling to curb the rupee's decline, despite last month's aggressive interest rate hike and the depletion of nearly $12 billion in foreign exchange reserves this year in an attempt to defend the currency.

The rupee is under pressure from a number of factors that have worried investors, including President Prabowo Subianto’s massive spending plans, an inflated fuel subsidy budget, controversial commodity export policies, and doubts surrounding the central bank’s independence.

Interventions in the foreign exchange market have pushed reserves to their lowest level in nearly two years, after they fell by $1.3 billion in May to $144.9 billion, despite a government issuance of $3.5 billion in dollar and euro-denominated bonds.

Expectations of further tightening

Barclays Bank believes that the Indonesian central bank may continue monetary tightening, with an expected interest rate hike of another 25 basis points next week, and the possibility of resorting to a larger increase of up to 50 basis points.

He pointed to a similar precedent in 2013, when the bank raised interest rates in an emergency move and then lowered them later at the regular meeting, predicting that interest rate cuts would begin if the rupee stabilized.

Reassuring messages from the Central Bank

Bank Governor Pere Wargiu said foreign reserves were "more than sufficient" to support the currency, but declined to confirm a further rate hike soon, calling for waiting for next week's meeting.

He explained that the bank did not want to raise interest rates, but was forced to do so in order to attract investments, enhance the attractiveness of local assets, stabilize the currency, and curb inflation.

The rupee is expected to reach a range between 16,800 and 17,500 against the dollar by 2027, with continued intervention in domestic and foreign markets to support its stability.

Additional tools to attract funds

The central bank is also seeking to attract foreign investment by reducing the cost of hedging contracts by 10% for foreign investors, in addition to raising the returns on short and medium-term debt instruments.

Experts pointed out that bond yields in competing emerging economies such as Mexico, India and the Philippines remain high, increasing competition for capital flows.  link

News, Rumors and Opinions Wednesday 6-10-2026

KTFA:

Clare:  A member of parliament warns of the "erosion" of Iraq's cash reserves due to operational expenses.

6/9/2026

 Kurdish MP Jamal Kojar warned on Tuesday of the "erosion" of Iraq's cash reserves due to the country's monthly operating expenses.

 Kujer told Al-Furat News Agency, “The talk about concerns about the erosion of the cash reserve is due to the existence of facts that confirm the country’s need for at least 8 trillion dinars per month to cover operating expenses.”

He added, "The financial resources are less than this amount, so we will definitely need to borrow, whether internally or externally, and these concerns are realistic under the current circumstances."

The Prime Minister’s financial advisor, Mazhar Muhammad Salih, confirmed in a press statement today that “about 40 million Iraqis depend directly or indirectly on government income,” stressing that any external borrowing should be “smart debt” for productive projects, not for consumption.

He added, "Corruption and kickbacks raise the cost of projects in Iraq by up to 45%."

Ragheed   LINK

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Clare:  Kurdistan Integrity Commission announces a rewards system for whistleblowers reporting corruption cases.

6/9/2026

Integrity Commission in the Kurdistan Region announced on Tuesday the launch of a special project to grant financial rewards to those who report corruption cases and files, as part of its expanded strategy to combat financial and administrative corruption in the region.

The head of the Integrity Commission in the region, Ahmed Anwar, said in a press conference attended by Shafaq News Agency that the commission has begun activating the provisions of the Anti-Corruption Law in the region, which grants it the authority to award rewards to citizens who provide accurate and documented information about corruption cases, where the value of the reward is determined based on the size and importance of the case.

Anwar explained that the mechanism followed includes referring all information received from informants to the competent investigations division of the authority for verification and action, stressing that "the law guarantees full protection of the identity of informants; if a person wishes to keep his name secret, his information is included in a highly confidential system that no party has the right to access."

The head of the authority added that if the person who disclosed the corruption wishes to reveal his identity, his name will be included in the list of those cooperating with the authority publicly.

Regarding corruption indicators, Anwar revealed that the number of corruption cases that were prepared and referred to the judiciary during the past six months in the Kurdistan Region has recorded a significant increase compared to the second half of 2025.

He confirmed that the commission will issue a detailed report at the end of June, which will include an update to the list of cases referred to the judiciary, with the aim of strengthening coordination between the commission’s departments and the competent courts in the region to accelerate the pace of deciding on corruption cases.  LINK

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

Frank26    If you have the formation of the government then a lot of things become active, a lot of things are implemented.  There's a domino effect that's going to occur.  The opening of the budget is going to take us straight to what we want right away, the HCL, because it needs a new exchange rate...The HCL is #1...

Reset Intelligence  There is no economic case for the dinar at 1,300.  You do not harden a currency at the printing press. You harden it in the vault, and that is where this one is being made strong.  $97 billion in reserves. A record 162 tons of gold.  The floor is a political decision, not an economic one.

JeffThere's an upcoming US visit.  They don't have a date set.  It just says official trip to Washington announced...They're not going to give you a date...IMO he's [PM Zaidi] coming here after the rate has changed, after Iraq has stability...

Mnt Goat   If you are so concerned about the budget for 2026 because you think the new RV rate is in it then you are WRONG, WRONG and WRONG... The RV rate we want is NOT stated in the budget tables nor will it ever be...The budget is based off of the price of oil per barrel not the rate of the dinar.

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Why You’ll Buy $500 Silver — Gold to Go Parabolic in One Day: Michael Oliver, Clive Thompson

Daniela Cambone:  6-8-2026

What if the next move in gold and silver isn’t a gradual climb—but a historic, parabolic surge that leaves investors chasing $500 silver and scrambling to understand what just happened?

Michael Oliver and Clive Thompson join Daniela Cambone for a peak behind the curtains at what is next for Gold and Silver!

https://www.youtube.com/watch?v=-5yiZ_4XfQ0

Iraq Economic News and Points To Ponder Wednesday Morning 6-10-26

Economic Expert: The Priority Is Not The Strength Of The Dinar, But Securing Financial Liquidity.

 Baghdad Today – Baghdad     On Saturday (June 6, 2026), economist Ziad Al-Hashemi commented on the statements of the Prime Minister’s advisors regarding the government’s measures to stabilize the value of the Iraqi dinar and maintain its purchasing power, considering that the current timing is not appropriate for this economic discourse.

Al-Hashemi said in a post on social media, which was followed by “Baghdad Today”, that “the Iraqi Prime Minister’s office is talking about the government’s work to stabilize (the value of the Iraqi dinar) and maintain its purchasing power,” indicating that “in general this approach is good and required in principle, but now is not the time to talk about the value of the dinar or its purchasing power.”

He added that "the critical problem now is not the value or strength of the dinar, but rather the availability of the dinar. The government is clearly suffering from a lack of sufficient dinars to sustain its work and pay salaries on time, as a result of the decline in oil revenues to their lowest level."

He pointed out that "the government was required to speak transparently and to tell the people the extent of the problem, what its emergency plan is to deal with the shortage of dinar liquidity in its treasury, and what its procedures are to provide the liquidity required to feed public finances during this month and the coming months."

The economist explained: “As for talking about the value of the dinar, its purchasing power, and the inflation rate, this can be postponed to the future and after overcoming the current suffocating financial crisis that complicates the work of the Iraqi government and prevents it from performing its financial duties as it should,” stressing that “such statements about the value of the dinar are appropriate for normal conditions and not in an exceptional emergency situation in which the government is suffering from a shortage of dinars.”   https://baghdadtoday.news/300815-.html

Iraq Is Moving Towards Balancing Programs With US Support And In Coordination With The World Bank.

Money and Business    Economy News – Baghdad   Finance Minister Faleh Sari discussed on Wednesday with the US Chargé d'Affaires to Iraq, Joshua Harris, prospects for economic cooperation between Baghdad and Washington and ways to strengthen the partnership with US financial institutions, while both sides affirmed their support for the path of economic and financial reforms.

The Ministry of Finance said in a statement received by "Al-Eqtisad News" that the minister stressed that the government has given the economic file high priority within its program, noting that the next stage will witness reforms aimed at addressing economic and financial challenges in a radical way, and in cooperation with international partners.

The minister revealed a government trend towards preparing a program budget and gradually moving away from the traditional budget system, with the aim of raising the efficiency of spending and linking financial allocations to goals and results, in line with the requirements of financial and administrative reform.

For his part, the US Chargé d'Affaires affirmed his country's support for the Iraqi government and its readiness to enhance economic and financial cooperation, in a way that contributes to supporting stability and achieving sustainable economic growth in Iraq.

This trend coincides with what the government spokesman, Haider al-Aboudi, announced, that the Council of Ministers approved a directive to proceed with drafting a "program budget" in coordination with the World Bank and the Parliamentary Finance Committee, within the framework of economic reform. https://www.economy-news.net/content.php?id=70077

The Prime Minister's Spokesperson: Salaries For Employees And Retirees Are Secured And There Is No Printing Of Currency.

Money and Business   Economy News – Baghdad   The spokesperson for the Prime Minister, Haider al-Aboudi, confirmed on Wednesday that the Prime Minister's upcoming visit to the United States will include important files and initiatives.

Speaking at a press conference held at the Council of Ministers and covered by "Al-Eqtisad News," al-Aboudi stated, "Based on the directives of Prime Minister Ali al-Zaidi, the government has decided to adopt a program-based budget in coordination with the World Bank and the Parliamentary Finance Committee to gradually enhance economic reforms."

He added, "The Prime Minister has adopted the Development Fund project through effective international contributions, with an initial target of $100 billion, which could reach $250 billion." He pointed out that "the Development Fund is an investment vehicle funded by international contributions from Iraq's friends, and these contributions will cover the requirements of the development situation."

Al-Aboudi explained that "the government is adopting a program-based budget, but the Prime Minister has reservations about the current budget approach, believing it does not meet aspirations. He considers a program-based budget to be the best option at this stage." He reiterated that "the Prime Minister's upcoming visit to the United States will include important files and initiatives." https://www.economy-news.net/content.php?id=70076

2027 knocks on the government's doors early... Time constraints and crises push Baghdad to exceed the 2026 budget.

 Baghdad Today – Baghdad    A government official revealed on Monday (June 8, 2026) that the government is moving towards preparing the draft general budget for 2027, in light of technical and financial difficulties that make preparing and approving an independent budget for 2026 a very complicated matter, after more than half of the current fiscal year has passed.

The official told Baghdad Today that "the remaining time in this year is no longer sufficient to prepare and approve a new budget for 2026, which prompted the government to focus on laying the foundations and estimates for the 2027 budget in line with the current economic reality."

He explained that this trend comes in light of increasing economic and financial challenges facing Iraq, as a result of rapid regional developments and their direct impact on energy markets and international trade.

He added that "the halt in oil exports due to the closure of the Strait of Hormuz against the backdrop of the ongoing war in the region has imposed additional pressure on public revenues and the government's financing capacity," noting that the relevant authorities are monitoring economic developments on a daily basis to assess the extent of the potential repercussions.

The official stressed that the government is working on preparing realistic financial estimates for the upcoming budget, taking into account current economic variables, in order to ensure the sustainability of public spending and secure the state’s basic obligations, foremost among them salaries, services and vital projects.

Iraq faces increasing financial challenges due to its heavy reliance on oil revenues, which constitute the largest share of its general budget. With escalating regional tensions and disruptions to oil exports, concerns are growing about the impact on government spending and development plans, prompting authorities to reassess their financial priorities and develop more flexible scenarios for the coming years.  https://baghdadtoday.news/300859-2027-2026.html

Zaidi’s Government Adapt Long-Term Plan To Revive Iraqi Dinar

Iraq   Jawad Al-Samarraie    The new headquarters of the Central bank of Iraq (CBI). Photo: Zaha Hadid Architects

Baghdad (IraqiNews.com) – The financial advisor to the Prime Minister, Mudher Mohammad Saleh, announced on Saturday, June 6, 2026, that the government of Ali Falih al-Zaidi has adopted a comprehensive package of long-term reformative measures designed to shield the purchasing power of the Iraqi dinar and curb inflation.

Saleh explicitly ruled out any possibility of raising the national currency’s value through abrupt, short-term administrative decrees, stating that sustainable monetary strength relies on deep structural overhauls rather than quick political fixes.

According to Saleh, the current government strategy has successfully stabilized market prices for consumer goods by channeling import financing through official banking systems, backed heavily by the state’s foreign currency reserves. This monetary control has been further reinforced by the physical expansion of modern, state-backed cooperative grocery networks and advanced marketing frameworks.

These parallel commercial steps have significantly diminished the influence of the informal shadow exchange market on the domestic pricing system, helping cap inflationary pressures.

However, the financial advisor issued a stark warning regarding active macroeconomic variables putting downward pressure on the dinar. Chief among these threats are rigid geopolitical constraints imposed on global energy markets, escalating regional conflicts, and the resulting volatility in foreign currency inflows and overall economic confidence. Saleh noted that an over-reliance on volatile crude oil revenues, unchecked monetary expansion, and any future drops in official reserves pose direct risks to the country’s fiscal health.

To permanently secure the currency, Saleh emphasized that the government is actively working on a long-term economic transition plan. This framework focuses on aggressively building up foreign exchange reserves, diversifying national income streams away from oil dependence, and stabilizing the country’s balance of payments.

Furthermore, the administration’s roadmap relies heavily on accelerating commercial banking sector reforms, rapidly expanding digital and electronic payment tools, and widening national financial inclusion to systematically dismantle the parallel market’s leverage over the national economy.

https://www.iraqinews.com/iraq/iraq-dinar-purchasing-power-monetary-policy-reforms-2026/

Seeds of Wisdom RV and Economics Updates Wednesday Morning 6-10-26

Good Morning Dinar Recaps,

Dollar Holds Firm as Iran Tensions and Inflation Risks Keep Global Markets on Alert

Geopolitical uncertainty in the Middle East and expectations for future interest-rate decisions are reinforcing the U.S. dollar’s central role in the global financial system.

 Overview

The U.S. dollar remained relatively stable as investors weighed two major market drivers: renewed tensions between the United States and Iran and anticipation surrounding key U.S. inflation data. While recent military exchanges near the Strait of Hormuz have raised concerns about energy security and regional stability, markets have largely avoided panic, instead focusing on how inflation trends may influence future Federal Reserve policy.

At the same time, rising expectations that major central banks may keep interest rates elevated have helped support the dollar. Investors are also watching developments in Japan and Europe, where policymakers face growing pressure to respond to persistent inflation and changing economic conditions.

Key Developments

1. U.S.-Iran Tensions Support Safe-Haven Demand

Recent military exchanges between Washington and Tehran have renewed concerns about stability in the Gulf region. Historically, geopolitical uncertainty tends to increase demand for the U.S. dollar as investors seek perceived safety during periods of market stress.

2. Inflation Data Becomes the Market’s Main Focus

Investors are closely monitoring upcoming U.S. Consumer Price Index (CPI) data for clues regarding the Federal Reserve's next policy move. Stronger-than-expected inflation could reinforce expectations that interest rates will remain higher for longer.

3. Federal Reserve Policy Remains a Key Driver

Recent economic data has continued to show resilience in the U.S. economy. Persistent inflation and strong employment figures have strengthened speculation that the Federal Reserve may delay rate cuts, providing continued support for the dollar.

4. Global Central Banks Face Growing Pressure

Beyond the United States, policymakers in Japan and Europe are confronting their own inflation challenges. Expectations that the Bank of Japan could continue tightening policy and that the European Central Bank may maintain a cautious stance are contributing to currency market volatility.

5. Energy Markets Remain Vulnerable

The ongoing situation surrounding the Strait of Hormuz continues to pose risks to global oil supplies. Any disruption to one of the world's most important energy transit routes could drive oil prices higher and create additional inflationary pressures worldwide.

Why It Matters

The dollar's stability highlights the powerful relationship between geopolitical events and monetary policy expectations. While conflicts often generate short-term safe-haven demand, long-term currency trends are increasingly shaped by central bank decisions and inflation dynamics.

For global financial markets, the combination of elevated energy risks and higher interest rates creates a challenging environment. A stronger dollar can increase borrowing costs worldwide, place pressure on emerging markets, and influence commodity prices across multiple sectors.

Why It Matters to Foreign Currency Holders

Foreign currency holders should pay close attention to developments because dollar strength often impacts exchange rates, commodity prices, and international capital flows.

Potential effects include:

• Increased volatility across global currency markets

• Higher borrowing costs for emerging economies

• Pressure on countries carrying significant dollar-denominated debt

• Shifts in international trade settlement patterns

• Greater interest in alternative reserve assets and payment systems

Implications for the Global Reset

• Pillar 1: The Dollar Remains the World's Safe-Haven Currency

Despite ongoing discussions about de-dollarization, global uncertainty continues to drive investors toward U.S. assets during times of crisis, reinforcing the dollar's dominant role.

• Pillar 2: Inflation Is Reshaping Monetary Policy Worldwide

Central banks across major economies are navigating persistent inflation pressures, creating a new environment where interest rates may remain structurally higher than in the previous decade.

• Pillar 3: Energy Security Continues to Influence Global Finance

Events near the Strait of Hormuz demonstrate how energy supply disruptions can quickly affect currencies, inflation expectations, and financial markets worldwide.

Future Outlook

Markets will remain focused on two critical factors: U.S. inflation data and developments in the Middle East. A stronger inflation reading could strengthen the dollar further by increasing expectations for prolonged higher interest rates.

At the same time, any escalation involving Iran and the United States could trigger additional safe-haven flows into the dollar and increase volatility across energy and currency markets. Investors will also be watching upcoming policy decisions from the Federal Reserve, the European Central Bank, and the Bank of Japan for signals about the next phase of global monetary policy.

When geopolitical tensions collide with inflation fears, the world's reserve currency becomes the focal point of global financial stability.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Modern Diplomacy — "Dollar Steady as US-Iran Tensions and Inflation Data Keep Markets on Edge"

• Reuters — "Dollar Holds Near Recent Highs as Investors Await Inflation Data and Monitor Middle East Risks"

~~~~~~~~~~

 🌱 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

When Leaving Your Home State Becomes a Duty

When Leaving Your Home State Becomes a Duty

Notes From the Field By James Hickman (Simon Black / Sovereign Man)  June 9, 2026

In the year 1863, at the height of the Civil War in the United States that must have seemed at the time like an irrecoverable national death, a former bookkeeper turned entrepreneur built an oil refinery in Cleveland’s up-and-coming industrial area in order to capitalize on the market for kerosene.

His name was John Rockefeller. And within twenty years he would control close to 90% of the oil in America. And his Standard Oil would become the largest and most powerful company ever seen.

The trouble was holding it together. Standard Oil was comprised of a complex network of subsidiaries, and you practically had to be an engineer just to understand the structure.

The problem was that, in most states, a corporation wasn't even allowed to own another corporation.

That restriction sounds strange today, but back then the corporation was still a young, distrusted creature of the state, chartered to do one thing— for example, run a railroad or a bank— with privileges no ordinary person enjoyed.

Industrialization was minting a handful of staggeringly rich men— the titans a later generation would call “robber barons”— and the public watched them swallow up entire industries. People feared that letting one corporation own another corporation would stack company on company until the combination was beyond the reach of any single state.

So Rockefeller ran his empire through a workaround.

On January 2, 1882, he and eight fellow “trustees” signed the agreement creating the Standard Oil Trust, a small group of men who held the stock of some forty companies— refiners, pipelines, and distributors— and ran the whole thing as a single entity.

Great idea, but it was fragile. The trust had no real legal home, and the states Standard Oil operated in were beginning to notice.

In 1892, Ohio's attorney general hauled the company before the state Supreme Court and successfully argued his case; the court agreed, and ruled that Standard Oil had no right to hand itself over to out-of-state trustees. Consequently, Rockefeller had to cut all ties with the trust. And it appeared on paper that the whole arrangement was broken up.

Rockefeller went shopping to find a friendly state government that would let him keep control. And back in the late 1800s, there was exactly one place to do that.

New Jersey, hungry for revenue, rewrote its corporation law in 1888 and 1889 to let state-chartered companies own as many subsidiary companies as they wanted.

Under this new New Jersey law, for the first time a giant could put its whole empire under one legal roof— for a modest fee to the state.

It was purpose-built for the kind of company Rockefeller had. So in 1899, he reincorporated the entire empire as the Standard Oil Company of New Jersey: a single holding company that owned everything.

Initially, other states felt betrayed.

In 1905 the muckraker Lincoln Steffens branded New Jersey a "Traitor State" for getting rich by selling friendly charters to the monopolies while other states were trying to rein in those same monopolies.

New Jersey had made itself the best place in America to be a big, successful company, and it was eating everyone else's lunch.  That is, until New Jersey's own governor, Woodrow Wilson, ruined it. In 1913, in his final weeks as governor before leaving for the White House, he pushed through seven antitrust laws aimed at the very corporations the state had courted for a generation.

(Of course Wilson was just warming up. That same year he'd help ruin the whole country with the Federal Reserve and the federal income tax.)

Companies shopping for a friendly charter then shifted to Delaware, which had quietly copied New Jersey's law in 1899. New Jersey repealed Wilson’s anti-trust laws within a few years, but by then it was too late; Delaware had become the gold standard.

(Now Delaware has screwed it up and companies are redomiciling in Texas and Wyoming.)

Over the next century New Jersey became one of the most heavily taxed and regulated states in the country, and today it carries the highest corporate tax rate in the nation.

Yet Rockefeller's old empire kept its New Jersey home through it all.

When the Supreme Court broke Standard Oil into 34 companies in 1911, the largest piece was Standard Oil of New Jersey— which became Exxon, then ExxonMobil. And they remaind incorporated in New Jersey for 127 years.

Until now.

Just a few weeks ago, ExxonMobil shareholders voted 71% to move the company's legal home from New Jersey to Texas.

Perhaps the final straw came in 2022, when New Jersey's attorney general sued the company, along with the other oil majors, for allegedly “deceiving” the public about climate change.

Apparently it’s a private company’s responsibility to preach the Green Gospel to the world. Courts disagreed, and a judge threw out the lawsuit in 2025.

But the message was unmistakable: the companies that produce the energy powering modern life were no longer welcome in New Jersey.

New Jersey was joining a pile-on that had been building for years. In 2021, a tiny activist fund called Engine No. 1, holding a tiny amount of Exxon's stock, won three seats on its board. That hedge fund’s big idea was that the largest oil company on earth should pump less oil.

But Exxon refused to be run by people who wanted it to shrink. It beat the activists back— and its shareholders finished the job, voting the company out of New Jersey for good.

Granted, the move was almost ceremonial.

A company's legal home and its actual headquarters aren't the same thing: Exxon has been headquartered in Texas since 1989, while only its legal state of incorporation remained in New Jersey.

The vote didn't move a single desk. It just made the paperwork match a reality that had been true for decades— and fully aligned the company with a state that treats a profitable energy producer as a value creator, not a defendant.

And that is actually the point.

Exxon didn't bolt in a panic. It had watched New Jersey turn hostile for years. Slowly, over time, it weighed its options and prepared. The move wasn't impulsive— it was calculated long in advance.

This is not disloyalty, any more than New Jersey was a "traitor" for once being the friendliest place in America to do business.

Both were rational moves dressed up as betrayal (just as ExxonMobil is now being blasted for leaving New Jersey). You cannot expect to keep a company, or a person, or their capital, in a place that punishes them for succeeding.

In fact, for Exxon it was more than rational; it was a fiduciary duty. A board is legally bound to do what's best for its shareholders.

And as a father, I’d say a man owes his family the same kind of obligation to prepare— to study the world honestly and rationally, to line up options early, and to keep them ready, so that if the day ever comes, the groundwork is already done.

That is what having a Plan B actually means.

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

https://www.schiffsovereign.com/trends/when-leaving-your-home-state-becomes-a-duty-155294/?inf_contact_key=3399b1bc8bb31ce137ff55377e7573dae0f86069758a2429ff9291df2b7d96e2

Seeds of Wisdom RV and Economics Updates Tuesday Evening 6-9-26

Good Evening Dinar Recaps,

U.S. Retaliatory Strikes on Iran Raise New Risks for Global Energy and Financial Stability

Escalating military action in the Gulf is renewing concerns over oil markets, trade routes, inflation pressures, and the future direction of the global financial system.

 Overview

The United States has launched new military strikes against Iran following the downing of a U.S. Army Apache helicopter near the Strait of Hormuz. U.S. Central Command described the operation as a "proportional self-defense response", while Iranian officials warned that additional attacks could trigger further retaliation. The latest escalation comes at a time when fragile diplomatic efforts were attempting to prevent a broader regional conflict.

For global markets, the significance extends beyond the battlefield. The Strait of Hormuz remains one of the world's most important energy chokepoints, handling a substantial share of global oil and liquefied natural gas shipments. Any prolonged disruption has the potential to affect energy prices, inflation, supply chains, and international financial stability.

Key Developments

1. U.S. Launches New Strikes Against Iran

The U.S. military confirmed that strikes began under presidential authorization following the loss of an Apache helicopter. American officials stated the mission targeted Iranian military assets and was intended as a limited response rather than the start of a broader war.

2. Fragile Ceasefire Faces Renewed Pressure

The latest exchange threatens ongoing diplomatic efforts aimed at reducing tensions between Washington and Tehran. While both sides have previously signaled interest in negotiations, recent military actions increase the risk of miscalculation and further escalation.

3. Strait of Hormuz Remains a Critical Concern

The conflict continues to focus global attention on the Strait of Hormuz, a strategic maritime corridor vital to international energy markets. Even limited military incidents in the region can create volatility in oil prices and shipping activity.

4. Energy Markets and Inflation Risks Return to Focus

Although some shipping activity has resumed, analysts continue to warn that sustained instability could disrupt energy flows and place renewed upward pressure on fuel costs worldwide. Rising energy prices often feed directly into inflation, monetary policy decisions, and currency markets.

Why It Matters

The latest U.S.-Iran confrontation highlights how quickly geopolitical events can affect the global economy. Energy markets remain highly sensitive to developments in the Gulf, and any disruption to shipping lanes could influence everything from transportation costs to central bank policy decisions.

For those monitoring a potential Global Financial Reset, the situation underscores several ongoing themes: de-dollarization efforts, energy security, geopolitical realignment, and the growing importance of alternative trade and payment systems. Nations facing geopolitical uncertainty often accelerate efforts to diversify trade partners, reserve assets, and settlement mechanisms.

Why It Matters to Foreign Currency Holders

Foreign currency holders should closely monitor developments in the Middle East because major geopolitical disruptions can accelerate shifts in global trade patterns and reserve currency behavior.

• Increase volatility in foreign exchange markets

• Influence central bank interest-rate decisions

• Accelerate non-dollar trade settlements among some nations

• Affect commodity-backed economies and resource-exporting countries

• Increase pressure on governments to strengthen domestic financial systems

Implications for the Global Reset

• Pillar 1: Energy Security Drives Economic Realignment

The Strait of Hormuz remains one of the world's most strategically important trade routes. Continued instability may encourage nations to diversify energy sources, transportation corridors, and international partnerships.

• Pillar 2: Geopolitical Risk Accelerates Alternative Systems

Periods of heightened geopolitical uncertainty often strengthen efforts to develop alternative payment networks, regional trade blocs, and financial arrangements designed to reduce dependence on traditional systems.

• Pillar 3: Market Volatility Highlights Systemic Vulnerabilities

The reaction of oil, currency, and bond markets demonstrates how interconnected the global economy has become. Events in one region can quickly ripple through financial systems worldwide.

When military conflict threatens the world's energy lifelines, the foundations of global finance are tested as much as the battlefield itself.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Reuters — "US Military Says It Began Launching Strikes Against Iran"

• Reuters — "US Energy Chief Says Oil Exports Through Strait of Hormuz Will Continue to Rise"

~~~~~~~~~~

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Iraq Economic News and Points To Ponder Tuesday Evening 6-9-26

A Member Of Parliament Warns Of The "Erosion" Of Iraq's Cash Reserves Due To Operational Expenses.

Time: 2026/06/09 A member of parliament warns of the "erosion" of Iraq's cash reserves due to operational expenses.

 {Economic: Al-Furat News} Kurdish MP Jamal Kojar warned on Tuesday of the "erosion" of Iraq's cash reserves due to the country's monthly operating expenses.   Kujer told Al-Furat News Agency, “The talk about concerns about the erosion of the cash reserve is due to the existence of facts that confirm the country’s need for at least 8 trillion dinars per month to cover operating expenses.”

He added, "The financial resources are less than this amount, so we will definitely need to borrow, whether internally or externally, and these concerns are realistic under the current circumstances."

The Prime Minister’s financial advisor, Mazhar Muhammad Salih, confirmed in a press statement today that “about 40 million Iraqis depend directly or indirectly on government income,” stressing that any external borrowing should be “smart debt” for productive projects, not for consumption. He added, "Corruption and kickbacks raise the cost of projects in Iraq by up to 45%."

https://alforatnews.iq/news/برلماني-يحذر-من-تآكل-الإحتياطي-النقدي-العراقي-بسبب-النفقات-التشغيلية

Iraq Is Discussing With The World Bank The Provision Of Technical Support For Preparing The Upcoming Budget

Shafaq News – Baghdad    Finance Minister Faleh Sari met on Sunday with a World Bank delegation headed by Regional Director Jean-Christophe Carré and the Special Representative of the mission in Iraq, Emmanuel Salinas, to discuss prospects for technical and institutional cooperation and support for the country’s financial and economic reform priorities.

A statement issued by the Iraqi Ministry of Finance indicated that the meeting discussed mechanisms for cooperation with the World Bank in providing technical and advisory support for the preparation of the next general budget, in order to enhance the efficiency of financial planning, take into account spending priorities, and support financial sustainability, in light of current economic changes.

The statement quoted the minister as saying that the Ministry of Finance is proceeding with the implementation of financial reforms based on developing financial management, enhancing non-oil revenues, and modernizing banking, tax and customs systems, in line with the priorities of the government program.

Sari pointed to the importance of benefiting from international expertise and technical support provided by the World Bank, particularly in the areas of institutional capacity building, financial policy development, support for development projects and investment promotion.

For its part, the World Bank delegation renewed its support for the Iraqi government in implementing financial and economic reform programs, and providing the necessary technical advice, in order to contribute to strengthening financial stability and supporting the Sustainable Development Goals.

https://www.shafaq.com/ar/اقتصـاد/العراق-يبحث-مع-البنك-الدولي-تقديم-الدعم-الفني-ل-عداد-الموازنة-المقبلة

 Saudi Public Investments Are Expected To Reach $910 Billion By 2025.

Money and Business   The annual report on Saudi Vision 2030 showed that the assets managed by the Public Investment Fund reached $910 billion by the end of 2025, which is less than the target set at $1.09 trillion.

The report indicated that the Kingdom’s real non-oil GDP reached $892 billion, which is also less than the set target of $904 billion.

He also noted that foreign direct investment reached 2.8% of GDP, compared to the target of 3.4%.

Saudi Arabia, the world’s largest oil exporter, has passed the halfway point in implementing its “Vision 2030” plan, which calls for hundreds of billions of dollars in government investments to reduce the kingdom’s economic dependence on oil and gas revenues by investing in sectors such as tourism. https://www.economy-news.net/content.php?id=70055

British company GSK acquires US-based Novalent for $10.6 billion

Money and Business   Economy News - Follow-up   British pharmaceutical group GSK announced on Tuesday an agreement to acquire US cancer treatment company Nuvalent for $10.6 billion.

The company said in a statement that the deal includes three lung cancer treatments that are still in the testing phase.

GSK CEO Luke Mills said two treatments "could be among the best in their class and could be launched this year if they receive approval from US regulators."

The British company expects to complete the deal this year, which could allow the drugs "zidesamtinib" and "neladalkib" to be launched on the market before the end of 2026, provided the necessary approvals are obtained.

Novalnet CEO James Porter said, "GSK's strong track record, infrastructure, and expertise will help us successfully commercialize ZedSamtnb and Nella Dalkb, as well as accelerate the development of our broader research pipeline."

The pharmaceutical industry has faced challenges due to threats by US President Donald Trump to target it with tariffs, with the aim of boosting investment within the United States and reducing drug prices.

GSK, along with other major non-U.S. pharmaceutical companies, agreed in December to lower prescription drug prices for U.S. patients in exchange for three years of tariff exemptions.

Mills took over the leadership of GSK in January, succeeding Emma Woolley after nearly nine years in the position, having previously served as the group's commercial director. https://www.economy-news.net/content.php?id=70046

Gold stabilizes in Baghdad, rises in Erbil

2026-06-09 Shafaq News- Baghdad/ Erbil   Gold prices held steady Tuesday in Baghdad and rose in Erbil, hovering around 936,000 IQD per mithqal, according to a Shafaq News market survey.

Wholesale prices on Al-Nahr Street in Baghdad recorded a sell price of 936,000 dinars per mithqal for 21-carat Gulf, Turkish, and European gold, with a buy price of 932,000 dinars, unchanged from Monday's session.

Iraqi 21-carat gold sold at 906,000 dinars per mithqal, with a buy price of 902,000 dinars.

At jewelry stores, Gulf 21-carat gold ranged between 940,000 and 950,000 dinars per mithqal, while Iraqi 21-carat gold ranged between 910,000 and 920,000 dinars.

In Erbil, prices edged higher, with 22-carat gold selling at 984,000 dinars per mithqal, 21-carat at 940,000 dinars, and 18-carat at 805,000 dinars. https://www.shafaq.com/en/Economy/Gold-stabilizes-in-Baghdad-rises-in-Erbil-8

London Meetings Advance Iraq Banking Agenda

2026-06-09    Shafaq News- Baghdad   A high-level Iraqi banking delegation concluded a two-day trip to London on Tuesday aimed at strengthening economic and financial cooperation between Iraq and the United Kingdom, the head of the Iraqi Private Banks League told Shafaq News.

Wadih Al-Hanthal stated that the delegation comprised representatives from the Iraqi government, the Central Bank of Iraq, and the private banking sector.

The visit was coordinated between the Banks League and the UK Foreign Office and included intensive meetings organized in cooperation with the law firm Hogan Lovells to explore opportunities for financial partnerships and facilitate the integration of Iraqi private banks into the global banking system.

The program included a closed discussion at Chatham House (the Royal Institute of International Affairs), attended by representatives of British and European banks and leading economists. Participants discussed the Iraqi government's role in supporting ongoing banking reforms, plans to modernize the economy, and efforts to create a stable and attractive investment environment.

Read more: Iraqi Banking reform: Between necessary change and crippling conditions

https://www.shafaq.com/en/Economy/London-meetings-advance-Iraq-banking-agenda

The Last Time the S&P Did This, the Market Crashed 20% in a Day

The Last Time the S&P Did This, the Market Crashed 20% in a Day

Taylor Kenny:  6-9-2026

Could the market be repeating one of the most dangerous patterns in modern history? Stocks are soaring on AI optimism while the bond market is flashing a very different message.

Treasury yields are rising, U.S. debt is exploding, consumer savings are falling, and confidence is breaking down. Is this the start of a new bull market—or the setup for a historic crash?

CHAPTERS:

00:00 - Rare S&P 500 Warning Signal

00:29 - Black Monday 1987 Comparison

00:57 - AI Rally or Market Bubble?

02:23 - Shiller PE Ratio Flashes Red

04:15 - Bond Market Signals Real Risk

05:09 - U.S. Debt and Rising Interest Costs

06:06 - Consumer Savings and Sentiment Collapse

07:30 - Dollar Reset Risk and Gold Protection

https://www.youtube.com/watch?v=BfSuEUsRyF0