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Seeds of Wisdom RV and Economics Updates Tuesday Afternoon 4-7-26
Good Afternoon Dinar Recaps,
Oil Shock Escalates | Strait of Hormuz Crisis Sends Markets Toward Stagflation Risk
Energy spike and war tensions ignite fears of a global economic shift
Good Afternoon Dinar Recaps,
Oil Shock Escalates | Strait of Hormuz Crisis Sends Markets Toward Stagflation Risk
Energy spike and war tensions ignite fears of a global economic shift
Overview
Global markets are on edge as oil prices surge above $110 per barrel, driven by escalating tensions between the U.S. and Iran over the Strait of Hormuz. The situation has triggered renewed fears of a global energy crisis, with institutions warning of inflation, slowing growth, and systemic financial stress.
The combination of geopolitical conflict and supply disruption is now pushing the global economy toward a potential stagflation scenario, a key catalyst often associated with major monetary system shifts.
Key Developments
1. Oil Prices Surge Amid War Escalation
Crude oil climbed back above $110–$114 per barrel, as the U.S. issued an ultimatum to Iran to reopen the Strait of Hormuz. Markets are reacting to the risk of prolonged supply disruption in a critical global energy corridor.
2. Global Growth and Inflation Warnings Intensify
The IMF and energy agencies warn the crisis could trigger higher inflation and weaker global growth simultaneously, raising the specter of stagflation across major economies.
3. Market Volatility Spreads Across Assets
Global equities are unstable, with stocks falling, oil rising, and investor confidence weakening. Currency markets show continued dollar strength, while safe-haven demand remains elevated.
4. Energy Crisis Compared to Historic Shocks
The International Energy Agency warned this situation could be more severe than the oil crises of 1973, 1979, and 2022 combined, highlighting the scale of systemic risk building in energy markets.
Why It Matters
This is not just a short-term oil spike—it signals a structural vulnerability in global energy dependence.
When energy prices surge alongside geopolitical instability, the result is often persistent inflation and economic slowdown, a combination that historically forces central banks into difficult policy decisions.
Why It Matters to Foreign Currency Holders
Rising oil prices increase global inflation pressure
Strengthening dollar may be temporary amid long-term instability
Energy-importing nations face currency depreciation risks
Commodities and hard assets gain renewed monetary importance
Implications for the Global Reset
Pillar 1: Inflation & Monetary Policy Stress
Sustained energy shocks could force central banks to choose between controlling inflation and supporting growth, accelerating monetary system strain.
Pillar 2: Energy-Driven Power Shift
Control over energy supply routes becomes a dominant factor in global financial influence, reinforcing a shift toward resource-backed economic power.
Analysis
The Strait of Hormuz crisis is exposing a critical reality: global finance remains deeply tied to physical energy flows.
If disruptions persist, the world could enter a period of prolonged volatility, where inflation, geopolitical risk, and market instability reinforce one another.
This environment historically leads to major structural changes in monetary systems, especially when confidence in stability begins to erode.
This is not just an oil shock — it’s a pressure point for the entire financial system.
Seeds of Wisdom Team
Newshounds News™ Exclusive
Sources
~~~~~~~~~~
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 Tuesday Afternoon 4-7-26
Data: Iraq Did Not Buy Gold In 2026
Money and Business Economy News – Baghdad The latest official global gold reserves data for April 2026 shows that Iraq has not recorded any gold purchases since the beginning of 2026, while maintaining its position in the global ranking. Iraq ranked 28th globally and third in the Arab world during the first three months of this year, according to data seen by Shafaq News.
Data: Iraq Did Not Buy Gold In 2026
Money and Business Economy News – Baghdad The latest official global gold reserves data for April 2026 shows that Iraq has not recorded any gold purchases since the beginning of 2026, while maintaining its position in the global ranking. Iraq ranked 28th globally and third in the Arab world during the first three months of this year, according to data seen by Shafaq News.
According to the data, Iraq’s gold reserves amounted to 174.6 tons, which constitutes 28.1% of the country’s total foreign currency reserves.
Globally, the United States topped the list with a reserve of 8,133 tons, followed by Germany with 3,350 tons, then Italy with 2,451 tons, France came in fourth with 2,437 tons, while Russia came in fifth with a reserve of 2,311 tons.
The report continued that Iraq purchased several quantities of gold during 2025, including one ton in March, 1.6 tons in June, 3.1 tons in July, 2.5 tons in August, and 3.8 tons in October.
It is worth noting that the World Gold Council, based in the United Kingdom, is one of the leading bodies specializing in analyzing global gold market trends and the factors affecting its prices. https://www.economy-news.net/content.php?id=67609
2025 Statistics: Iraq Ranks Second In The Arab World In Terms Of Reliance On "Cash"
Money and Business Economy News – Baghdad Iraq continues to rely heavily on cash payments for daily transactions as of 2025, ranking high among Arab countries according to forex.se.
Iraq’s reliance on cash, at a rate of up to 85%, reflects the slow pace of the shift towards electronic payments compared to some countries in the region, according to the Swedish website specializing in currency exchange and travel services.
According to the website's data, Lebanon tops the list with 90%, followed by Iraq with 85%, then Egypt and Jordan with 80% each, Morocco with 65%, Tunisia with 55%, Oman with 50%, while Kuwait and Saudi Arabia have 30%, Qatar has 25%, and finally Bahrain and the UAE have 20% each.https://www.economy-news.net/content.php?id=67610
Transportation: The Submerged Tunnel At The Grand Faw Port Will Be Inaugurated Soon.
Money and Business Economy News – Baghdad The Ministry of Transport announced that it will inaugurate, in the near future, the submerged tunnel within the Grand Faw Port projects, to be the most important international trade corridor between the continents of Asia and Europe.
The director of the ministry’s media office, Maitham Al-Safi, told Al-Sabah, as reported by Al-Eqtisad News: “Work on the submerged tunnel has reached its final stages, as it is currently being furnished and prepared for cladding. He pointed out that the tunnel will form the most important passage for international trade between the continents of Asia and Europe, which enhances the position of Al-Faw port as one of the most important commercial ports in the region.”
He added that the tunnel is one of the giant engineering projects that will greatly contribute to accelerating maritime transport and increasing the port’s capacity to accommodate huge commercial ships, in addition to its contribution to stimulating trade between Iraq and the countries of the world, and enhancing its ability to interact commercially with international markets, as well as providing thousands of job opportunities in various fields of construction and logistics.
Al-Safi explained in the same context that the government has shown full support for the completion of this phase of the Grand Faw Port project, as it seeks, through the aforementioned projects, similar to the submerged tunnel, to transform Faw Port into a global trade center linking the markets of the Middle East with Europe, which will contribute to strengthening Iraq’s economic position on the international stage. https://www.economy-news.net/content.php?id=67600
Gold Prices Rise In Baghdad, Hold Steady In Erbil Markets
2026-04-07 Shafaq News- Baghdad/ Erbil On Tuesday, gold prices hovered around 1.03 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 1,025,000 IQD per mithqal (equivalent to five grams) for 21-carat gold, including Gulf, Turkish, and European varieties, with a buying price of 1,021,000 IQD. The same gold had sold for 1,020,000 IQD on Monday.
The selling price for 21-carat Iraqi gold stood at 995,000 IQD, with a buying price of 991,000 IQD.
In jewelry stores, the selling price per mithqal of 21-carat Gulf gold ranged between 1,025,000 and 1,035,000 IQD, while Iraqi gold sold for between 995,000 and 1,005,000 IQD.
In Erbil, 22-carat gold was sold at 1,069,000 IQD per mithqal, 21-carat gold at 1,021,000 IQD, and 18-carat gold at 875,000 IQD.
https://www.shafaq.com/en/Economy/Gold-prices-rise-in-Baghdad-hold-steady-in-Erbil-markets-0
Iraq Gold Reserves Hold At ~175t, No 2026 Buying
2026-04-07 Shafaq News- Baghdad Iraq’s gold reserves stood at 174.6 tons with no recorded purchases so far in 2026, according to World Gold Council data.
The figures place Iraq 28th globally and third among Arab countries, while the United States leads with 8,133 tons, followed by Germany, Italy, France, and Russia.
Iraq expanded its reserves in 2025 through multiple purchases, while World Gold Council data, based on central bank and International Monetary Fund (IMF) figures, is typically reported with a delay.
https://www.shafaq.com/en/Economy/Iraq-gold-reserves-hold-at-175t-no-2026-buying
Iraq Holds Second Place In Arab World For Cash Payments In 2025
2026-04-07 Shafaq News- Baghdad Iraq ranked second among Arab countries in reliance on cash payments in 2025, with 85% of daily transactions conducted in cash, according to data published by the Swedish platform Forex.se.
Lebanon topped the list at 90%, while Egypt and Jordan each recorded 80%, Morocco 65%, Tunisia 55%, and Oman 50%. Kuwait and Saudi Arabia each registered 30%, Qatar 25%, and Bahrain and the United Arab Emirates 20% each.
https://www.shafaq.com/en/Economy/Iraq-holds-second-place-in-Arab-world-for-cash-payments-in-2025
USD/IQD Exchange Rates Steady In Baghdad, Drop In Erbil
2026-04-07 Shafaq News- Baghdad/ Erbil The US dollar opened Tuesday’s trading mixed in Iraq, hovering around 155,000 dinars per 100 dollars. According to Shafaq News market survey, the dollar traded in Baghdad's Al-Kifah and Al-Harithiya exchanges at 154,600 dinars per 100 dollars, unchanged from Monday.
In the Iraqi capital, exchange shops sold the dollar at 155,000 dinars and bought it at 154,000 dinars, while in Erbil, selling prices stood at 154,550 dinars and buying prices at 154,450 dinars.
https://www.shafaq.com/en/Economy/USD-IQD-exchange-rates-steady-in-Baghdad-drop-in-Erbil
Basrah Crudes Hit Highest Levels Since 2022 Amid Global Rally
2026-04-07 Shafaq News- Basrah Iraq’s Basrah crude surged more than 13% on Tuesday, reaching its highest level since 2022, when prices stood near $122 per barrel.
Basrah Heavy rose $14.96, or 13.83%, to $123.11 per barrel, while Basrah Medium increased by the same margin, or 13.57%, to $125.21 per barrel.
Brent crude futures climbed $1.74, or 1.6%, to $111.51 per barrel by 0530 GMT. US West Texas Intermediate advanced $3.45, or 3.1%, to $115.86. https://www.shafaq.com/en/Economy/Basrah-crudes-hit-highest-levels-since-2022-amid-global-rally
Seeds of Wisdom RV and Economics Updates Tuesday Morning 4-7-26
Good Morning Dinar Recaps,
BRICS Gold Surge | Petrodollar Cracks as Bloc Secures 17.4% of Global Reserves
A historic shift toward hard assets signals accelerating de-dollarization
Good Morning Dinar Recaps,
BRICS Gold Surge | Petrodollar Cracks as Bloc Secures 17.4% of Global Reserves
A historic shift toward hard assets signals accelerating de-dollarization
Overview
BRICS nations have crossed a major monetary milestone, now holding over 6,000 tonnes of gold, representing 17.4% of total global central bank reserves—a sharp rise from 11.2% in 2019. This surge comes amid record central bank gold buying, with 1,045 tonnes purchased in 2024 alone, marking the third consecutive year above 1,000 tonnes.
The trend reflects a structural shift away from dollar dominance, as nations increasingly prioritize gold as a neutral reserve asset in response to geopolitical tensions, sanctions, and financial system risks.
Key Developments
1. Russia and China Dominate BRICS Gold Holdings
Russia (2,335+ tonnes) and China (~2,298 tonnes) lead the bloc, with India adding nearly 880 tonnes. Together, Russia and China account for roughly 74% of BRICS gold reserves, reinforcing their central role in shaping the bloc’s monetary strategy.
In just the first nine months of 2025, BRICS nations acquired 663 tonnes (~$91 billion), signaling aggressive accumulation at scale.
2. Central Banks Drive Historic Gold Buying Trend
Global central banks have now purchased over 1,000 tonnes annually for three straight years, reflecting rising demand for inflation hedging and crisis protection.
BRICS nations also control ~50% of global gold production, tightening supply and strengthening their long-term leverage in commodities and reserves.
3. Dollar Dominance Faces Accelerating Pressure
The U.S. dollar’s share of global reserves has fallen to 57.8%, with further declines observed into 2025. A key turning point came after the freezing of $300 billion in Russian reserves in 2022, prompting many nations to reassess reliance on the dollar-based system.
Countries are now actively pursuing reserve diversification strategies, reducing exposure to what is increasingly viewed as a politically influenced financial system.
4. BRICS Launches Gold-Backed Settlement System
In November 2025, BRICS introduced “The Unit”, a digital trade settlement instrument backed 40% by gold and 60% by BRICS currencies. This marks a direct challenge to dollar-based trade settlement, especially in energy markets.
Notably, Saudi Arabia is already settling ~12% of oil trades in yuan, signaling cracks in the petrodollar foundation.
Why It Matters
This shift represents more than diversification—it signals a fundamental rebalancing of global monetary power.
As BRICS nations accumulate gold and develop alternative settlement systems, the traditional dollar-centric model faces increasing competition. Gold’s role as a neutral, apolitical reserve asset is being re-established at the highest levels of global finance.
Why It Matters to Foreign Currency Holders
Growing gold reserves strengthen currencies tied to hard assets
Declining dollar share may lead to increased volatility in fiat currencies
Expansion of non-dollar trade systems reduces global dollar demand
Investors may shift toward tangible assets and commodities for stability
Implications for the Global Reset
Pillar 1: Monetary System Transition
The rapid accumulation of gold signals a move toward a multi-asset reserve system, where gold regains prominence alongside currencies. This reduces reliance on any single fiat system.
Pillar 2: Trade & Settlement Realignment
With the introduction of gold-backed settlement tools, BRICS is building the infrastructure for a parallel financial system, potentially bypassing traditional Western-controlled networks.
Analysis
The scale and consistency of BRICS gold accumulation point to a long-term strategic shift, not a temporary hedge. By combining resource control, reserve diversification, and new settlement mechanisms, the bloc is positioning itself for greater influence in a post-dollar world.
However, the transition is unlikely to be immediate. The dollar still dominates global trade and finance, but its monopoly is weakening at the margins.
If current trends continue, the global system may evolve into a hybrid model, where gold, regional currencies, and digital settlement tools coexist—gradually reshaping how value is stored and exchanged worldwide.
This is not just markets — it’s the foundation of a new monetary era taking shape.
Seeds of Wisdom Team
Newshounds News™ Exclusive
Sources
“BRICS Boosts Gold as Petrodollar Cracks, Holds 17.4% of Global Reserves” — Watcher.Guru
“Gold Demand Trends & Central Bank Buying Data” — World Gold Council
~~~~~~~~~~
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 Tuesday Morning 4-7-26
Muzhir Muhammad Salih: The Informal Economy Hides 67% Of The Market In Iraq.
Time: 2026/04/06 {Economic: Al-Furat News} Mazhar Muhammad Saleh confirmed today, Monday, that the informal economy in Baghdad and the rest of Iraq’s cities represents a source of livelihood for millions of citizens, but at the same time it hides 67% of the market economy, deprives the state of important resources, and leaves those working in it without legal protection.
Muzhir Muhammad Salih: The Informal Economy Hides 67% Of The Market In Iraq.
Time: 2026/04/06 {Economic: Al-Furat News} Mazhar Muhammad Saleh confirmed today, Monday, that the informal economy in Baghdad and the rest of Iraq’s cities represents a source of livelihood for millions of citizens, but at the same time it hides 67% of the market economy, deprives the state of important resources, and leaves those working in it without legal protection.
Saleh explained in his interview with Al-Furat News Agency that "this economic, social and legal paradox cannot be addressed through imposing taxes or prosecution, but rather through simplifying the procedures adopted by the government program, such as registration, reducing fees, and providing real incentives such as loans and insurance."
He pointed out that "the adoption of electronic payment through digital payment applications, with its current resurgence, can enhance transparency and facilitate the integration of this sector into the regulated market economy."
He explained that "when the formal economy becomes more accessible and beneficial, the informal market will become a supporting force for the economy instead of remaining outside the organized market and the legal framework that protects market activity, including the social protection system and the workers' pension fund."
He added that "the entire informal economy can then be transformed into a supporting force for the economy, based on governance and transparency, instead of remaining outside the legal framework and social protection."
https://alforatnews.iq/news/مظهر-محمد-صالح-الاقتصاد-غير-الرسمي-يخفي-67-من-السوق-في-العراق
Expert Warns: The Informal Economy Is Expanding Beyond State Control
Time: 2026/04/06 {Economic: Al-Furat News} Economic expert, Salah Nouri, confirmed that the informal economy in Iraq represents a wide segment of activities that operate outside the control and management of the state.
Nouri told Al-Furat News Agency that: “The informal economy includes workshops, small projects, shops, and street vendors, and is often not registered with official authorities and is not subject to the tax system.”
He explained that "Western countries adopt high regulatory systems for professions and small projects, where licenses are granted easily and without bureaucratic complications, in exchange for subjecting these activities to taxes and including workers in them in social security systems, which enhances the stability of this sector and its integration into the formal economy."
Nouri added that "the responsibility for regulating this sector in Iraq lies with the Ministry of Labor and Social Affairs in coordination with the Ministry of Trade through granting licenses and activating social security in exchange for tax compliance," noting that "the recent Ministry of Labor law included encouraging benefits, including voluntary social security."
He explained that "the weak demand for these privileges is due to the limited awareness among small business owners and shops, as well as the weak conviction in the feasibility of engaging in the formal economy."
Nouri pointed to the "possibility of supporting this sector by promoting small and medium enterprises," explaining that "the Central Bank of Iraq has previously launched financing initiatives to support these projects through loans based on economic feasibility studies and in coordination with specialized civil society organizations, which contributes to stimulating the economy and reducing the size of the informal sector."https://alforatnews.iq/news/خبير-يحذر-الاقتصاد-غير-الرسمي-يتمدد-خارج-سيطرة-الدولة
An Economist Proposes Practical Solutions For Transitioning From An Oil-Based Economy To A Diversified One
Baghdad Today – Baghdad On Monday, April 6, 2026, economist Dhurgham Muhammad presented a number of solutions to change the pattern of the Iraqi economy, which is largely based on oil exports as a main source of revenue, calling for a shift towards a diversified economy capable of facing shocks, especially in the energy market and the disturbances that directly affect the state’s general budget.
Mohammed told Baghdad Today, “The main problem in Iraq is that every government operates according to a vision that extends for only four years, i.e., the duration of its term, without any continuity or unified programs between successive governments, as each government sets its own program, and the programs of the previous government are often canceled or marginalized.”
He added that "the large expansion in operational spending has narrowed the space for investment spending, which has negatively affected the activation of investment and development sectors, which requires rearranging economic priorities."
He pointed out that “Iraq is in dire need of establishing a Supreme Council for Strategic Policies, whose mission would be to develop economic reform programs and long-term development plans that extend over several years, provided that this council transcends governments and is not linked to a specific governmental formation, and is subject to judicial supervision that gives it the status of being binding on all successive governments.”
Mohammed added that "it is necessary to reconsider all development sectors and work to move them forward by preparing specialized programs, whether relying on local or international expertise, to revitalize sectors not directly related to the government, including the tourism, agricultural and industrial sectors."
He explained that "among the proposed solutions is the establishment of green investment zones similar to free zones, whose lands are serviced and ready to receive agricultural, industrial and residential investment opportunities, with the adoption of the one-stop shop principle, which contributes to reducing government bureaucracy and creating an attractive environment for investment and revitalizing the Iraqi economy." https://baghdadtoday.news/296663-.html
Exclusive: Iraq Could Restore Oil Exports To Pre-War Level Within A Week If Hormuz Reopens, Basra Oil Chief Says
By Aref Mohammed April 6, 2026 BASRA, Iraq, April 6 - Iraq could restore crude oil exports to around 3.4 million barrels per day within a week provided the Iran war ends and the Strait of Hormuz reopens, the head of the country’s state-run Basra Oil Company said.
Among Gulf oil producers, Iraq has suffered the biggest drop in oil revenue as a result of the effective closure of the Strait, a Reuters analysis has found, because it lacks alternative shipment routes.
But the country, the second biggest producer in the Organization of the Petroleum Exporting Countries, can quickly restore output to levels before U.S.-Israeli attacks on Iran at the end of February led to the effective closure of the waterway. The Strait typically is the route for about a fifth of global oil and LNG flows.
Bassem Abdul Karim said Iran has so far provided only verbal guarantees that would allow Iraqi tankers permission to transit the Strait.
“We have not received any formal documents regarding permission for Iraqi tankers to pass,” he said in an interview with Reuters.
He said production from Iraq's southern oilfields was around 900,000 barrels per day, but if the war ends and safe passage through the Strait is guaranteed exports could reach 3.4 million bpd within a week.
U.S. President Donald Trump has threatened to rain "xxxx" on Tehran unless it makes a deal by the end of Tuesday that would allow traffic to move through the Strait of Hormuz.
Last month, Iraq’s oil production dropped by about 80% to around 800,000 barrels per day, Iraqi energy officials told Reuters last month as the war meant Iraq could not export and storage tanks filled.
With limited outlets for Iraqi oil, production from the Rumaila field fell to around 400,000 bpd, down from about 1.35 million bpd before the conflict, and at the Zubair field the level was about 300,000 bpd, down 340,000 bpd before the war, Abdul Karim said.
Several smaller fields are being operated at limited levels to ensure continued production of associated gas, used in domestic power generation, while shutdowns at other sites have been used as an opportunity to carry out maintenance work, he added.
Production from Iraq's fields was around 4.3 million bpd before the war, which should leave enough leeway to export 3.4 million bpd even allowing for war-related damage.
Gas output from fields in Basra has dropped to around 700 million standard cubic feet per day, compared with about 1.1 billion standard cubic feet mscf per day before the war, largely because of the reduced oil production, Abdul Karim said.
To supply domestic demand, BOC is sending around 400,000 bpd of crude to northern Iraq. That includes about 150,000 bpd by truck and roughly 250,000 bpd via a domestic pipeline, to supply refineries that have demand of around 500,000 bpd.
Production from the northern Kirkuk fields is roughly 380,000 barrels per day, Abdul Karim said.
Asked about the impact of drone attacks, Abdul Karim said strikes on oil facilities had caused “major losses to the continuity of production and oil operations,” adding that both foreign and Iraqi service companies had been targeted.
A two‑drone attack that targeted the Rumaila oilfield on Saturday wounded three Iraqi workers, security and energy sources told Reuters.
Abdul Karim said the attack on the northern part of the Rumaila field hit sites used by U.S. oilfield services companies Schlumberger and Baker Hughes, causing a fire that was later brought under control.
Neither Schlumberger nor Baker Hughes immediately responded to requests for comment.
A Representative Of The Framework: The Session To Elect The President Will Proceed Without Postponement, And Salaries Are Secured For Two Months
Time: 2026/04/05 {Politics: Al-Furat News} MP Ahmed Al-Moussawi, from the Sadiqun bloc, confirmed that the session to elect the President of the Republic scheduled for next Saturday will proceed without postponement, while noting that salaries are secured for two months despite the financial challenges.
Al-Moussawi said, during his appearance on the “On the Ruler” program on Al-Furat satellite channel, that “the session to elect the President of the Republic next Saturday will definitely proceed and there will be no postponement,” indicating that “all factors point to the failure of the United States in its war on Iran.”
He added, "The cost of war is high for the Islamic Republic and the entire region; but it is a war that was imposed and must be fought," noting that "the United States does not respect the sovereignty of Iraq, and the Iraqi government is working with all its capabilities to prevent the targeting of diplomatic missions."
Al-Moussawi explained that "the United States, according to the strategic agreement, is obligated to protect Iraq's airspace; however, it violates sovereignty and targets security headquarters," noting that "the Iraqi government is in a very embarrassing position, as it wants to support the Islamic Republic."
He explained that “linking the Iraqi file and the formation of the government to the war on Iran is an unjustified position, and there must be a fully empowered government. What is happening in the region is a clear war, but it is an internal matter,” stressing that “Iraq must be its own master and the decision-maker.”
Al-Moussawi pointed out that “April 11 is the date of the session to elect the President of the Republic, and the quorum will be achieved according to the signatures of the deputies that were collected, which amounted to 230 signatures, with the possibility of the Democratic Party deputies not attending,” noting that “most of the forces of the framework are going to vote in favor of the Patriotic Union candidate.”
Regarding the premiership, Al-Moussawi said, “The coordination framework is not with Nouri al-Maliki or Mohammed Shia al-Sudani, but rather it has established mechanisms for selecting candidates based on national acceptance, non-controversial nature, and acceptance by the religious authority and the international community.
” He emphasized, “Our position is firm with the framework’s decision to proceed with voting on the prime minister candidate, regardless of whether or not we participate in the government.”
He added that "Iraq cannot afford to remain without a fully empowered government," explaining that "Sheikh Khazali did not attend the recent framework meetings due to security concerns."
Al-Moussawi concluded by saying that "the financial situation in Iraq is not easy, as it depends on oil, and there is a real crisis after the delay in oil exports for two weeks, and this requires decisions and powers," noting that "the government has reassured that salaries can be secured for two months, but amid difficulty in completing them and delivering them to employees." Wafaa Al-Fatlawi https://alforatnews.iq/news/نائب-عن-الإطار-جلسة-انتخاب-رئيس-الجمهورية-ستمضي-دون-تأجيل-والرواتب-مؤمنة-لشهرين
Some “Iraq News” Posted by Tishwash at TNT 4-7-2026
TNT:
Tishwash: 2025 statistics: Iraq ranks second in the Arab world in terms of reliance on "cash"
Iraq continues to rely heavily on "cash payments" in daily transactions for the year 2025, ranking highly among Arab countries according to forex.se.
Iraq’s reliance on cash, at a rate of up to 85%, reflects the slow pace of the shift towards electronic payments compared to some countries in the region, according to the Swedish website specializing in currency exchange and travel services.
According to the website's data, Lebanon tops the list with 90%, followed by Iraq with 85%, then Egypt and Jordan with 80% each, Morocco with 65%, Tunisia with 55%, Oman with 50%, while Kuwait and Saudi Arabia have 30%, Qatar has 25%, and finally Bahrain and the UAE have 20% each
TNT:
Tishwash: 2025 statistics: Iraq ranks second in the Arab world in terms of reliance on "cash"
Iraq continues to rely heavily on "cash payments" in daily transactions for the year 2025, ranking highly among Arab countries according to forex.se.
Iraq’s reliance on cash, at a rate of up to 85%, reflects the slow pace of the shift towards electronic payments compared to some countries in the region, according to the Swedish website specializing in currency exchange and travel services.
According to the website's data, Lebanon tops the list with 90%, followed by Iraq with 85%, then Egypt and Jordan with 80% each, Morocco with 65%, Tunisia with 55%, Oman with 50%, while Kuwait and Saudi Arabia have 30%, Qatar has 25%, and finally Bahrain and the UAE have 20% each. link
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Tishwash: In a detailed report, the International Monetary Fund ranks Iraq's economy both regionally and globally.
The International Monetary Fund announced on Monday that Iraq will be the fifth largest Arab economy in 2026, while predicting continued growth in the Iraqi economy by 2030.
The report stated that "data showed Iraq ranking fifth among Arab economies in 2026, based on purchasing power parity (PPP) GDP, with a value of $739.13 billion, placing it 44th globally."
According to the report, the top five Arab economies were ranked as follows: Saudi Arabia led the Arab world (16th globally), followed by Egypt in second place (18th globally), the United Arab Emirates in third, Algeria in fourth, and Iraq in fifth.
The report also noted that "globally, three superpowers maintained their leading positions; China ranked first with $43.5 trillion, followed by the United States in second place with $31.8 trillion, and India in third place with $19.1 trillion."
According to detailed official indicators for Iraq, nominal GDP at current prices reached $273.91 billion, with a real growth rate of 3.6%.
Per capita GDP (PPP) stood at $15,850, while the population reached 46.64 million.
Regarding monetary and fiscal stability, the report noted that "the annual inflation rate remained stable at 2.5%, net public lending/borrowing was -7.1%, and the current account deficit was 1.1%."The IMF concluded its report with projections indicating that "the Iraqi economy will continue to grow by 2030." link
************
Tishwash: Muzhir Muhammad Salih: The informal economy hides 67% of the market in Iraq.
Mazhar Muhammad Saleh confirmed today, Monday, that the informal economy in Baghdad and the rest of Iraq’s cities represents a source of livelihood for millions of citizens, but at the same time it hides 67% of the market economy, deprives the state of important resources, and leaves those working in it without legal protection.
Saleh explained in his interview with Al-Furat News Agency that "this economic, social and legal paradox cannot be addressed through imposing taxes or prosecution, but rather through simplifying the procedures adopted by the government program, such as registration, reducing fees, and providing real incentives such as loans and insurance."
He pointed out that "the adoption of electronic payment through digital payment applications, with its current resurgence, can enhance transparency and facilitate the integration of this sector into the regulated market economy."
He explained that "when the formal economy becomes more accessible and beneficial, the informal market will become a supporting force for the economy instead of remaining outside the organized market and the legal framework that protects market activity, including the social protection system and the workers' pension fund."
He added that "the entire informal economy can then be transformed into a supporting force for the economy, based on governance and transparency, instead of remaining outside the legal framework and social protection." link
************
Tishwash: The Security Council will vote today on a watered-down resolution regarding the Strait of Hormuz.
The UN Security Council will vote on Tuesday (April 7, 2026) on a watered-down draft resolution to secure navigation in the Strait of Hormuz, following extensive amendments to avoid a veto, and hours before the expiration of US President Donald Trump's deadline for Iran.
The vote on the new text comes after a series of postponements, the latest of which was last Friday, amid disagreements between the permanent member states, especially with Russia and China.
According to Agence France-Presse, the first version of the project, which Bahrain pushed forward with Gulf support two weeks ago, included an explicit mandate to use force to secure navigation in the strait.
However, this clause was gradually dropped during the negotiations, to be replaced by a watered-down version calling for "coordination of efforts of a defensive nature," including escorting commercial vessels, without granting a direct military mandate.
The current version condemns the Iranian attacks on ships and demands that Tehran "immediately cease" any actions that impede freedom of navigation, while affirming the Council's readiness to consider additional measures against those who threaten this vital waterway.
The project also stipulates a follow-up mechanism, through a request for an initial report from the Secretary-General of the United Nations within 7 days, followed by monthly reports to monitor any developments or attacks in the region.
The decision applies only to the Strait of Hormuz, with an emphasis on adherence to international law and the United Nations Convention on the Law of the Sea.
This move comes at a sensitive time, as the vote coincides with a deadline set by Trump for Iran that ends at dawn on Wednesday, threatening harsh measures if the strait is not reopened. link
MilitiaMan and Crew: IRAQ DINAR UPDATE-Exchange rate Stability-Parliament confirms Session-Presidency-ASYCUDA-Unity
MilitiaMan and Crew: IRAQ DINAR UPDATE-Exchange rate Stability-Parliament confirms Session-Presidency-ASYCUDA-Unity
4-6-2026
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
No drama. No intrigue. No songs and dances. Just straight, factual news that I read and interpret to the best of my ability after being an avid Dinar investor and insanely obsessed Dinarian for over 15 years.
Follow MM on X == https://x.com/Slashn
Be sure to listen to full video for all the news……..
MilitiaMan and Crew: IRAQ DINAR UPDATE-Exchange rate Stability-Parliament confirms Session-Presidency-ASYCUDA-Unity
4-6-2026
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
No drama. No intrigue. No songs and dances. Just straight, factual news that I read and interpret to the best of my ability after being an avid Dinar investor and insanely obsessed Dinarian for over 15 years.
Follow MM on X == https://x.com/Slashn
Be sure to listen to full video for all the news……..
Seeds of Wisdom RV and Economics Updates Monday Evening 4-6-26
Good Evening Dinar Recaps,
Oil Volatility, Trade Realignment, and Currency Pressure Signal Accelerating Global Shift
Fresh developments point to tightening energy markets, shifting trade flows, and rising currency tension beneath the global economy
Good Evening Dinar Recaps,
Oil Volatility, Trade Realignment, and Currency Pressure Signal Accelerating Global Shift
Fresh developments point to tightening energy markets, shifting trade flows, and rising currency tension beneath the global economy
Overview
In the past 24 hours, new signals across energy, trade, and currency markets suggest the global system is entering a more unstable and transitional phase. Oil price volatility is returning, trade routes are adjusting under geopolitical pressure, and currencies are reacting to diverging economic conditions.
Together, these shifts highlight a system moving away from predictability and central coordination toward fragmentation and regional influence—a key hallmark of a potential global financial reset.
Key Developments
1. Oil Prices Swing as Supply Risks Re-Emerge
Energy markets are reacting to renewed uncertainty, with oil prices moving higher amid supply concerns.
Ongoing tensions impacting key shipping routes and production flows
Traders pricing in potential disruptions to global supply chains
Increased volatility across energy-linked assets
Why it matters: Energy remains the foundation of global trade and inflation, and volatility here feeds directly into economic instability and policy challenges.
2. Global Trade Flows Begin to Reroute
New developments show countries adjusting trade partnerships and logistics routes in response to geopolitical risks.
Increased reliance on regional trade corridors
Shifts away from traditional globalized supply chains
Strategic positioning to avoid conflict-affected regions
Why it matters: Trade realignment signals a move toward a multi-polar economic system, reducing reliance on any single region or currency.
3. Currency Markets React to Diverging Economic Paths
Major currencies are showing increased movement as economic conditions and policy expectations diverge globally.
Dollar strength fluctuating amid rate uncertainty
Other currencies adjusting based on regional growth and inflation outlooks
Rising volatility in foreign exchange markets
Why it matters: Currency instability reflects shifting confidence and capital flows, often preceding larger changes in the global monetary system.
Why It Matters
These developments are interconnected and point to structural change rather than short-term disruption:
Energy volatility driving inflation uncertainty
Trade fragmentation reshaping global commerce
Currency movements reflecting shifting power dynamics
Geopolitics increasingly influencing financial systems
The global economy is transitioning from a highly integrated system to one that is regionally driven and strategically aligned.
Why It Matters to Foreign Currency Holders
Currency volatility may create repricing opportunities across global markets
Trade shifts could reduce dependence on traditional reserve currencies
Energy pricing changes directly impact inflation and purchasing power
Fragmentation increases the likelihood of alternative settlement systems emerging
Implications for the Global Reset
Pillar 1: Trade & Energy Realignment
As supply chains shift and energy routes adjust, the system moves toward a more decentralized global structure.
Pillar 2: Currency System Evolution
Diverging economic paths and currency volatility highlight the transition toward a multi-currency environment.
Closing Perspective
The global system is no longer moving in sync—it is diverging along economic and geopolitical lines.
When energy volatility, trade realignment, and currency pressure occur together, it signals more than instability—it signals transformation.
This is not just market movement — it’s the global financial system reshaping in real time.
Seeds of Wisdom Team
Newshounds News™ Exclusive
Sources
Oil prices rise as supply concerns return amid geopolitical tension – Reuters
Global trade shifts and currency markets react to diverging economic outlooks – CNBC
~~~~~~~~~~
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Iraq Economic News And Points To Ponder Monday Evening 4-6-26
Iraq Among Top Three OPEC+ Producers Under May 2026 Quotas
2026-04-06 Shafaq News- Baghdad Iraq is set to produce 4.326 million barrels per day in May 2026, ranking third among OPEC+ producers under the alliance’s approved output quotas for the month.
Saudi Arabia is expected to lead with 10.228 million barrels per day, followed by Russia at 9.699 million barrels per day, while the UAE is set to produce 3.447 million barrels per day, Kuwait 2.612 million barrels per day, Kazakhstan 1.589 million barrels per day, Algeria 983,000 barrels per day, and Oman 821,000 barrels per day.
Iraq Among Top Three OPEC+ Producers Under May 2026 Quotas
2026-04-06 Shafaq News- Baghdad Iraq is set to produce 4.326 million barrels per day in May 2026, ranking third among OPEC+ producers under the alliance’s approved output quotas for the month.
Saudi Arabia is expected to lead with 10.228 million barrels per day, followed by Russia at 9.699 million barrels per day, while the UAE is set to produce 3.447 million barrels per day, Kuwait 2.612 million barrels per day, Kazakhstan 1.589 million barrels per day, Algeria 983,000 barrels per day, and Oman 821,000 barrels per day.
The eight OPEC+ countries —Saudi Arabia, Russia, Iraq, the UAE, Kuwait, Kazakhstan, Algeria, and Oman— agreed during a virtual meeting on April 5, to implement a production increase of 206,000 barrels per day in May as part of a gradual adjustment to earlier voluntary cuts. https://www.shafaq.com/en/Economy/Iraq-among-top-three-OPEC-producers-under-May-2026-quotas
Gold Prices Rise In Baghdad, Stabilize In Erbil Markets
2026-04-Shafaq News- Baghdad/ Erbil On Monday, gold prices hovered around 1.02 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 1,020,000 IQD per mithqal (equivalent to five grams) for 21-carat gold, including Gulf, Turkish, and European varieties, with a buying price of 1,016,000 IQD. The same gold had sold for 1,018,000 IQD on Sunday.
The selling price for 21-carat Iraqi gold stood at 990,000 IQD, with a buying price of 986,000 IQD.
In jewelry stores, the selling price per mithqal of 21-carat Gulf gold ranged between 1,020,000 and 1,030,000 IQD, while Iraqi gold sold for between 990,000 and 1,000,000 IQD.
In Erbil, 22-carat gold was sold at 1,069,000 IQD per mithqal, 21-carat gold at 1,021,000 IQD, and 18-carat gold at 875,000 IQD. https://www.shafaq.com/en/Economy/Gold-prices-rise-in-Baghdad-stabilize-in-Erbil-markets-9
Dollar Falls In Baghdad And Erbil
2026-04-06 Shafaq News- Baghdad/ Erbil The US dollar opened Monday’s trading lower in Iraq, hovering around 155,000 dinars per 100 dollars.
According to a Shafaq News market survey, the dollar traded in Baghdad's Al-Kifah and Al-Harithiya exchanges at 154,600 dinars per 100 dollars, down from the previous session’s 154,800 dinars.
In the Iraqi capital, exchange shops sold the dollar at 155,000 dinars and bought it at 154,000 dinars, while in Erbil, selling prices stood at 154,700 dinars and buying prices at 154,600 dinars.
https://www.shafaq.com/en/Economy/Dollar-falls-in-Baghdad-and-Erbil-1
Dollar Prices Decrease In Baghdad, Steady In Erbil
2026-04-06 Shafaq News- Baghdad/ Erbil The US dollar closed Monday’s trading mixed in Iraq, hovering around 155,000 dinars per 100 dollars. According to a Shafaq News market survey, the dollar traded in Baghdad's Al-Kifah and Al-Harithiya exchanges at 154,550 dinars per 100 dollars, down from the morning session’s 154,600 dinars.
In the Iraqi capital, exchange shops sold the dollar at 155,500 dinars and bought it at 154,000 dinars, while in Erbil, selling prices stood at 154,700 dinars and buying prices at 154,600 dinars.
https://www.shafaq.com/en/Economy/Dollar-prices-decrease-in-Baghdad-inch-higher-Erbil
********************************
Iraq Sends Third Oil Shipment Via Syria, 180 Tankers En Route
2026-04-06 Shafaq News- Damascus A third shipment of Iraqi fuel oil reached Syria’s Al-Tanf crossing on Monday, with 180 tankers heading toward the Baniyas refinery, a Syrian official told Shafaq News.
Safwan Sheikh Ahmed, director of corporate communications at the Syrian Petroleum Company, said the convoy arrived at 5:00 p.m. local time and is expected to reach Baniyas later today as part of an Iraq-Syria agreement to transport oil overland for export via Mediterranean ports to international markets.
Iraqi lawmaker Ali Shaddad earlier explained to our agency that authorities are working on alternative routes as the US-Israeli war on Iran disrupts traffic through the Strait of Hormuz and reduces output from southern fields, with contingency plans aimed at maintaining export flows despite logistical and security constraints.
https://www.shafaq.com/en/Economy/Iraq-sends-third-oil-shipment-via-Syria-180-tankers-en-route
Iraq's SOMO Urges Faster Crude Loading Schedules After Hormuz Transit Exemption
2026-04-06 Shafaq News- Baghdad Iraq's State Organization for Marketing of Oil (SOMO) has asked its customers to submit crude oil loading schedules within 24 hours after Iran exempted Iraq from transit restrictions through the Strait of Hormuz.
Iran's Khatam Al-Anbiya, the unified command of the country's military forces, announced the exemption on Saturday, citing the close ties between the two neighbors.
According to a document seen by Reuters, the April 5 request aims to ensure the continuity and stability of crude exports and allow the timely processing of shipping programs, including vessel nominations and contracted volumes in line with agreed terms.
SOMO confirmed in the document that all loading terminals, including Basra Oil Terminal and related facilities, are operating at full capacity, stressing Iraq's readiness to execute all contractual lifting programs without restrictions.
The move is intended to support Iraq's crude exports, which had reached approximately 99.8 million barrels, or around 3.3 million barrels per day, in February before dropping to around 800,000 barrels per day last month due to disruptions at the Strait of Hormuz caused by regional military tensions.
Separately, oil sources said on Sunday that shipments of Basra crude have begun moving to Kirkuk for export via the Kurdistan Region pipeline toward the Turkish port of Ceyhan, in a bid to increase export capacity and offset disruptions at traditional outlets. Exports through this route could reach around 340,000 barrels per day, according to a source at North Oil Company.https://www.shafaq.com/en/Economy/Iraq-s-SOMO-urges-faster-crude-loading-schedules-after-Hormuz-transit-exemption
Jordan Industrial Exports Hit $2.45B In Q1 2026
2026-04-06 Shafaq News- Amman Jordan’s industrial exports rose 2.9% in the first quarter of 2026, totalling 1.741 billion dinars ($2.45 billion), with Iraq remaining one of the main destinations, the Amman Chamber of Industry reported on Monday.
According to the data shared, Arab markets continued to dominate Jordan’s export landscape, accounting for 869 million dinars ($1.22B). Iraq, alongside Saudi Arabia and Egypt, ranked among the leading importers. By region, North America followed with 228 million dinars ($320M), while non-Arab Asian markets reached 387 million dinars ($544M), and the European Union stood at 129 million dinars ($181M).
Growth extended across eight industrial sectors, led by pharmaceuticals and medical supplies, which climbed 23.9%. In contrast, plastics and rubber posted the slowest increase, edging up just 0.6%.
Not all sectors, however, recorded gains. Exports from engineering, electrical, and information technology industries dropped 35.8%, while leather and garment exports declined 4.2%, reflecting uneven performance across industrial categories.https://www.shafaq.com/en/Economy/Jordan-industrial-exports-hit-2-45B-in-Q1-2026
PetroDollar Is DEAD, Yuan Is REPLACING the Dollar in Oil Trade - The END for U.S. Economic Power
PetroDollar Is DEAD, Yuan Is REPLACING the Dollar in Oil Trade - The END for U.S. Economic Power
Lena Petrova: 4-6-2026
A five-week war involving the United States, Israel, and Iran may be triggering a historic shift in global finance.
Is the petrodollar system collapsing?
As oil trade begins moving toward yuan-based settlements, analysts warn of a rising “petroyuan” era.
PetroDollar Is DEAD, Yuan Is REPLACING the Dollar in Oil Trade - The END for U.S. Economic Power
Lena Petrova: 4-6-2026
A five-week war involving the United States, Israel, and Iran may be triggering a historic shift in global finance.
Is the petrodollar system collapsing?
As oil trade begins moving toward yuan-based settlements, analysts warn of a rising “petroyuan” era.
This video breaks down how conflict in the Strait of Hormuz, China’s strategy, and shifting global reserves could reshape U.S. dollar dominance—and what it means for the future of global power.
Seeds of Wisdom RV and Economics Updates Monday Afternoon 4-6-26
Good Afternoon Dinar Recaps,
Trump’s $1.5T Defense Surge | War Pressures Reshape U.S. Spending Priorities
Massive military expansion collides with domestic cuts and rising debt concerns
Good Afternoon Dinar Recaps,
Trump’s $1.5T Defense Surge | War Pressures Reshape U.S. Spending Priorities
Massive military expansion collides with domestic cuts and rising debt concerns
Overview
A sweeping 2027 budget proposal from Donald Trump outlines a historic surge in defense spending to $1.5 trillion, paired with deep cuts to non-defense programs. The plan reflects a major strategic pivot toward military strength as global tensions rise—particularly amid conflict with Iran and instability in the Strait of Hormuz.
At the same time, the proposal highlights mounting fiscal strain, with U.S. debt surpassing $39 trillion and deficits projected to widen, setting up a high-stakes clash between national security priorities and economic sustainability.
Key Developments
1. Defense Spending Jumps to Historic Levels
The proposal increases military funding from roughly $1 trillion to $1.5 trillion, marking one of the largest peacetime expansions in U.S. history. Funding includes troop pay raises, shipbuilding expansion, and advanced missile defense systems, alongside ongoing war-related costs tied to Iran.
2. Deep Cuts to Domestic Programs
A 10% reduction in non-defense discretionary spending targets agencies across health, environmental protection, agriculture, and scientific research. Even NASA faces potential reductions, signaling a clear reprioritization of federal resources.
3. Deficit and Debt Pressures Intensify
With national debt already exceeding $39 trillion, critics warn the plan relies on optimistic economic assumptions. Structural drivers like Social Security and Medicare remain untouched, leaving long-term fiscal imbalances unresolved.
4. Political Showdown in Congress Looms
The proposal sets up a contentious battle in Congress, with Democrats opposing cuts to social programs and some Republicans raising concerns about deficit expansion. Significant revisions are expected during negotiations.
Why It Matters
This proposal underscores a fundamental shift toward defense-first economic policy, signaling that geopolitical instability is now driving fiscal decisions at the highest level.
At the same time, cutting domestic investment while expanding military spending raises concerns about long-term economic resilience, infrastructure, and social stability. The growing deficit further complicates the outlook, potentially limiting future crisis response options.
Why It Matters to Foreign Currency Holders
Rising deficits and debt expansion could weaken long-term confidence in the U.S. dollar
Increased military spending may contribute to inflationary pressures
Global markets may accelerate diversification away from dollar dependency
Signals a shift toward hard-power economics influencing currency flows
Implications for the Global Reset
Pillar 1: Monetary System Stress
The combination of exploding defense budgets and unchecked deficits adds pressure to an already strained system, potentially accelerating de-dollarization trends.
Pillar 2: Geopolitical Realignment
The emphasis on military expansion reinforces a world moving toward regional blocs and strategic competition, where economic policy is tied to security priorities.
Analysis
This proposal highlights a classic “guns vs. butter” dilemma, where security spending takes precedence over domestic investment. While framed as necessary for deterrence, the trade-offs are significant.
Short-term, the plan may strengthen military readiness and global positioning.
Long-term, it risks deepening inequality, expanding debt burdens, and reducing economic flexibility.
Avoiding entitlement reform further complicates the outlook, suggesting true fiscal balance remains politically out of reach.
Ultimately, this is more than a budget—it is a strategic declaration that the U.S. is preparing for a prolonged period of global tension, even at rising economic cost.
This is not just politics — it’s global finance restructuring before our eyes.
Seeds of Wisdom Team
Newshounds News™ Exclusive
Sources
“Trump Unveils $1.5 Trillion Defense Plan Amid War Pressures” — Modern Diplomacy
“The Budget and Economic Outlook: 2026–2036” — Congressional Budget Office
~~~~~~~~~~
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Scott Bessent Says ‘Very Large Refunds’ Are Coming
Scott Bessent Says ‘Very Large Refunds’ Are Coming, With $150B Heading Into American Accounts. Do this with yours now
Jing Pan Sun, April 5, 2026 Moneywise
Working Americans will soon see a sizable financial boost in the form of a tax refund — and not a moment too soon, as economists are predicting higher inflation rates this year due to the impact of the war in Iran on energy prices (1).
Thanks to changes tied to President Donald Trump’s One Big Beautiful Bill Act, up to $100 billion in tax refunds could hit bank accounts in the first quarter of 2026 (2).
Scott Bessent Says ‘Very Large Refunds’ Are Coming, With $150B Heading Into American Accounts. Do this with yours now
Jing Pan Sun, April 5, 2026 Moneywise
Working Americans will soon see a sizable financial boost in the form of a tax refund — and not a moment too soon, as economists are predicting higher inflation rates this year due to the impact of the war in Iran on energy prices (1).
Thanks to changes tied to President Donald Trump’s One Big Beautiful Bill Act, up to $100 billion in tax refunds could hit bank accounts in the first quarter of 2026 (2).
Treasury Secretary Scott Bessent stated in December 2025: “The bill was passed in July. Working Americans didn’t change their withholding, so they’re going to be getting very large refunds in the first quarter. So I think we’re going to see $100 to $150 billion of refunds, which could be between $1,000 and $2,000 per household (3).”
After that, once withholding levels adjust, workers could see what he described as a “real increase” in their wages.
For many households, that raises an immediate question: What’s the smartest way to use a sudden cash infusion?
Whether you’re thinking about shoring up your finances, preparing for uncertainty or putting that extra money to work, here are a few ways Americans may consider investing their potential windfall.
How much can you expect to get back? And what to do with it?
According to data released by the IRS on March 6, 2026 (4), early filers are already seeing a boost over last year. Of the 60.7 million individual returns received by that date, the average payouts are $3,676, up from $3,324 last year (5).
And while it may be tempting to spend the windfall, especially as prices continue to rise, stashing the cash in an emergency fund can be one of the best ways to use your refund.
“When you’re broke, your life looks like a country song,” veteran financial guru Dave Ramsey says (6). “An emergency fund turns a crisis into an inconvenience.”
However, it’s important to put your emergency fund in an account where it can grow, so that inflation doesn’t eat away at the value of your savings.
To Continue and Read More: https://www.yahoo.com/finance/economy/policy/articles/scott-bessent-says-very-large-104100775.html
Seeds of Wisdom RV and Economics Updates Monday Morning 4-6-26
Good Morning Dinar Recaps,
Dollar Surges as Gold Retreats: Safe Haven Dynamics Begin to Shift
Strong U.S. Data and Rising Yields Reshape Global Capital Flows
Good Morning Dinar Recaps,
Dollar Surges as Gold Retreats: Safe Haven Dynamics Begin to Shift
Strong U.S. Data and Rising Yields Reshape Global Capital Flows
Overview
Gold pulled back sharply after recent highs, despite geopolitical tensions
U.S. dollar strengthened on solid economic data
Rising oil prices fueling inflation concerns
Investor behavior shifting toward liquidity and yield
Key Developments
1. Gold drops despite geopolitical escalation
Gold initially surged during rising tensions in the Middle East, briefly reaching elevated levels before reversing sharply.
Prices fell nearly 15% from recent highs
Dropped from around $5,400 to near $4,600
Investors rotated out of gold into cash and dollar-based assets
This suggests a shift in traditional safe-haven behavior
2. Strong U.S. jobs data boosts the dollar
A stronger-than-expected U.S. labor report changed market direction quickly:
178,000 jobs added in March (well above expectations)
Unemployment at ~4.3%
Reinforced perception of economic resilience
A stronger economy is supporting the dollar and delaying rate cuts
3. Rising yields weaken gold’s appeal
As the dollar strengthened, Treasury yields moved higher, creating pressure on gold:
Gold offers no yield, making it less attractive
Higher yields pull capital toward interest-bearing assets
Markets anticipate continued tight monetary conditions
This creates a structural disadvantage for gold in the current cycle
4. Oil-driven inflation complicates central bank policy
Energy markets are adding another layer of pressure:
Oil trading between $111–$115 per barrel
Inflation risks rising again due to energy costs
Central banks face limited flexibility to cut rates
Inflation + strong data = prolonged higher rates environment
5. Currency power takes priority over traditional hedges
A deeper shift may be unfolding in global finance:
Investors favor liquidity, speed, and dollar dominance
Gold’s role as a primary crisis hedge is being challenged
Discussions emerging حول currency competition (dollar vs yuan systems)
The system is prioritizing monetary power over static stores of value
Why It Matters
Gold failing to hold gains during crisis is a notable shift
Dollar strength reinforces U.S. financial dominance
Rising yields and inflation are reshaping asset allocation
This reflects a change in how markets respond to stress
Why It Matters to Foreign Currency Holders
Dollar strength can pressure other currencies short term
Gold’s volatility challenges traditional hedging strategies
Global capital flows increasingly favor liquidity over stability
Currency positioning is becoming more dynamic and reactive
Implications for the Global Reset
Pillar 1: Dollar Dominance Still Intact
Strong economic data and yields continue to support the dollar
Global system still leans on dollar liquidity in times of stress
Pillar 2: Changing Role of Safe-Haven Assets
Gold no longer reacting as expected in crisis scenarios
Markets shifting toward yield-bearing and liquid instruments
This suggests a transition phase—not a completed shift
Closing Perspective
Gold’s pullback during a time of heightened geopolitical tension is a signal worth watching.
The dollar’s strength, backed by economic data and yields, is currently outweighing traditional safe-haven flows.
This is not the end of gold—but it may mark a change in how and when it leads.
Seeds of Wisdom Team
Newshounds News™ Exclusive
Sources
~~~~~~~~~~
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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RV Facts with Proof Links Link
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Iraq Economic News And Points To Ponder Monday Morning 4-6-26
Iraq Will Be The Fifth Largest Arab Economy In 2026, With Expectations Of Continued Growth Until 2030.
Money and Business Economy News - Follow-up The International Monetary Fund announced on Monday that Iraq ranked fifth among Arab countries in terms of the largest economies for 2026, according to GDP data based on purchasing power parity (PPP). The Fund stated in its report that Iraq recorded a gross domestic product of $739.13 billion, ranking 44th globally.
Iraq Will Be The Fifth Largest Arab Economy In 2026, With Expectations Of Continued Growth Until 2030.
Money and Business Economy News - Follow-up The International Monetary Fund announced on Monday that Iraq ranked fifth among Arab countries in terms of the largest economies for 2026, according to GDP data based on purchasing power parity (PPP). The Fund stated in its report that Iraq recorded a gross domestic product of $739.13 billion, ranking 44th globally.
In the Arab world, Saudi Arabia topped the list, followed by Egypt in second place, then the United Arab Emirates in third, Algeria in fourth, and Iraq in fifth.
Globally, China came in first with a GDP of $43.5 trillion, followed by the United States with $31.8 trillion, and then India in third place with $19.1 trillion.
The report indicated that Iraq’s nominal GDP reached $273.91 billion, with real growth of 3.6%, while per capita GDP (PPP) reached about $15,850 annually, coinciding with the population reaching 46.64 million people.
Regarding financial indicators, the Fund explained that the annual inflation rate stabilized at 2.5%, while net government lending/borrowing recorded a rate of -7.1%, and the current account deficit reached about 1.1%.
The report concluded by emphasizing expectations that the Iraqi economy will continue to grow in the coming years, up to 2030. https://www.economy-news.net/content.php?id=67566
Global Anticipation: Inflation, Oil, And Corporate Earnings Will Shape Markets This Week.
Money and Business Investors are focused this week on US inflation and spending data, amid escalating tensions in Iran and their direct impact on oil prices.
Despite the volatility, the S&P 500 and Nasdaq Composite indices posted weekly gains, while the Dow Jones remained relatively stable.
Key data releases are expected, most notably the Consumer Price Index and personal spending figures, along with results from major companies such as Delta Air Lines, which will reflect the impact of rising fuel prices on the aviation sector.
In contrast, oil prices remain the most sensitive factor, especially with the continued tensions in the Strait of Hormuz, increasing fears of a new wave of inflation and turmoil in global markets. Https://Www.Economy-News.Net/Content.Php?Id=67553
Iraq's SOMO Urges Faster Crude Loading Schedules After Hormuz Transit Exemption
2026-04- Shafaq News- Baghdad Iraq's State Organization for Marketing of Oil (SOMO) has asked its customers to submit crude oil loading schedules within 24 hours after Iran exempted Iraq from transit restrictions through the Strait of Hormuz.
Iran's Khatam Al-Anbiya, the unified command of the country's military forces, announced the exemption on Saturday, citing the close ties between the two neighbors.
According to a document seen by Reuters, the April 5 request aims to ensure the continuity and stability of crude exports and allow the timely processing of shipping programs, including vessel nominations and contracted volumes in line with agreed terms.
SOMO confirmed in the document that all loading terminals, including Basra Oil Terminal and related facilities, are operating at full capacity, stressing Iraq's readiness to execute all contractual lifting programs without restrictions.
The move is intended to support Iraq's crude exports, which had reached approximately 99.8 million barrels, or around 3.3 million barrels per day, in February before dropping to around 800,000 barrels per day last month due to disruptions at the Strait of Hormuz caused by regional military tensions.
Separately, oil sources said on Sunday that shipments of Basra crude have begun moving to Kirkuk for export via the Kurdistan Region pipeline toward the Turkish port of Ceyhan, in a bid to increase export capacity and offset disruptions at traditional outlets. Exports through this route could reach around 340,000 barrels per day, according to a source at North Oil Company. https://www.shafaq.com/en/Economy/Iraq-s-SOMO-urges-faster-crude-loading-schedules-after-Hormuz-transit-exemption
Baghdad International Airport's US Logistics Support Center Targeted
2026-04-06 Shafaq News- Baghdad An unidentified attack targeted the US logistics support center at Baghdad International Airport on Sunday, a security source told Shafaq News.
The strike hit the perimeter of the base, according to the source, who said it remains unclear whether a missile or a drone carried out the attack.
No casualties were reported, and no group has claimed responsibility as of the time of publication.
Read more: Multiple actors, one battlefield: Iraq since the US-Israel-Iran war began
Drone crashes in Iraq’s Basra province
2026-04-06 Shafaq News- Basra A drone crashed on Monday in Al-Faw district, southern Iraq’s Basra province, without causing casualties or damage, a security source told Shafaq News.
Security forces have opened an investigation to determine the circumstances surrounding the crash.
https://www.shafaq.com/en/Security/Drone-crashes-in-Iraq-s-Basra-province
Oil Surges As US-Israeli War On Iran Pressures Supply
2026-04-06 Shafaq News Oil prices were little changed in choppy trade on Monday, as investors awaited clarity on the status of talks between the U.S. and Iran even as they remained wary about sustained supply losses due to shipping disruptions.
Brent crude futures rose 73 cents, or 0.7%, to $109.76 a barrel at 0338 GMT. U.S. West Texas Intermediate crude futures were trading 26 cents lower, or 0.2%, at $111.28 per barrel.
The pricing moves in Asia trading on Monday were dwarfed by an 11% surge for WTI and an 8% rise for Brent during the previous trading session on Thursday, the biggest absolute price increase since 2020.
On Sunday, Trump ratcheted up pressure on Tehran, threatening in an expletive-laden Easter Sunday social media post to target Iran's power plants and bridges on Tuesday if the strategic Strait of Hormuz is not reopened. Still, prices were largely unchanged on Monday.
The U.S., Iran and a group of regional mediators are discussing the terms for a potential 45-day ceasefire that could lead to a permanent end to the war, Axios reported on Sunday, citing four U.S., Israeli and regional sources.
The Strait of Hormuz, which carries oil and petroleum products from Iraq, Saudi Arabia, Qatar, Kuwait and the United Arab Emirates, remains largely closed due to Iranian attacks on shipping after the war began on February 28.
"Not being able to open the strait of Hormuz is becoming more a question of political victory," said Mukesh Sahdev, founder and CEO at consultancy XAnalysts.
Because of the Middle East supply disruptions, refiners are seeking alternative sources for crude, particularly for physical cargoes in the U.S. and Britain's North Sea.
Still, some vessels, including an Omani-operated tanker, a French-owned container ship and a Japanese-owned gas carrier, have passed through the Strait of Hormuz since Thursday, shipping data showed, reflecting Iran's policy to allow passage for vessels from countries it deems friendly.
The war threatens to linger on as Iran has officially told mediators it is not prepared to meet with U.S. officials in Islamabad in the coming days and efforts to produce a ceasefire have reached a dead end, The Wall Street Journal reported on Friday.
On Sunday, OPEC+, consisting of some members of the Organization of the Petroleum Exporting Countries and allies such as Russia, agreed to a modest rise of 206,000 barrels per day for May.
However, that decision will largely exist on paper as several of the group's key producers are unable to raise output due to the war.
Russian supply has been disrupted recently by Ukrainian drone attacks on its Baltic Sea export terminal. Media reports on Sunday said its Ust-Luga terminal resumed loadings on Saturday after days of disruptions. (REUTERS)
https://www.shafaq.com/en/Economy/Oil-surges-as-US-Israeli-war-on-Iran-pressures-supply
Iraq Ships 6.4M Crude Barrels To US In March
2026-04- Shafaq News- Baghdad/ Washington Iraq, OPEC’s second-largest oil producer, exported more than 6 million barrels of crude to the United States in March 2026, ranking fifth among top suppliers, according to data from the US Energy Information Administration (EIA).
Total exports reached 6.448 million barrels last month, down from 6.944 million barrels in February. Weekly shipments averaged 309,000 barrels per day (bpd) in the first week, 113,000 bpd in the second, 270,000 bpd in the third, and 140,000 bpd in the fourth.
Canada remained the leading exporter to the US, followed by Saudi Arabia, Mexico, and Venezuela.
Among Arab countries, Iraq ranked second after Saudi Arabia, which exported 18.424 million barrels, while Libya trailed with 28,000 barrels. https://www.shafaq.com/en/Economy/Iraq-ships-6-4M-crude-barrels-to-US-in-March