Bessent Sees Substantial Disinflation, Federal Victory Note, Gold-backed Currency?

Bessent Sees Substantial Disinflation, Federal Victory Note, Gold-backed Currency?

And We Know Official: 5-17-2026

The global economic landscape is currently undergoing a period of significant transformation, leaving many investors searching for clarity amidst shifting policies and market volatility.

In a recent, in-depth discussion featuring Dr. Kirk Elliott, the conversation dives deep into the complexities of the current U.S. economic climate, exploring the intersection of monetary policy, inflation, and the evolving role of physical assets in a modern portfolio.

A central point of the discussion is the critical examination of mainstream economic narratives versus the realities of current inflationary pressure. Dr. Elliott sheds light on the Federal Reserve’s strategies and the long-term impacts of increased money supply on the purchasing power of the dollar.

The dialogue highlights how historical norms—such as the dollar strengthening during geopolitical conflicts—are being challenged by unconventional monetary shifts, including the intricacies surrounding the Japanese yen carry trade and the ongoing efforts of global financial institutions to manage liquidity.

Perhaps most intriguing is the conversation surrounding a potential shift in how currency is structured.

 The video introduces the concept of a new gold-backed $100 bill, signaling a move toward tangible asset-backed money as a potential remedy for the devaluation often associated with fiat currency.

Coupled with the rise of stablecoins, these innovations point toward a future where the demand for the U.S. dollar is managed through new mechanisms designed to curb the necessity for constant currency printing, potentially offering a path toward greater economic stabilization.

Beyond the immediate financial metrics, the discussion expands into broader societal concerns. Dr. Elliott and the host explore the implications of centralized oversight, particularly regarding the role of artificial intelligence and global governance models.

These segments serve as a cautionary note on the importance of maintaining individual agency and economic autonomy in an era where power is increasingly consolidated. By looking at these systemic risks, the speakers encourage viewers to consider the importance of protecting their financial well-being through diversification.

For those looking to navigate these uncertain times, the conversation offers a pragmatic perspective on the role of precious metals. With silver showing noteworthy performance and gold continuing to serve as a traditional store of value, the discussion frames these assets as essential tools for those seeking to hedge against institutional instability.

By grounding one’s strategy in tangible resources, investors may find a measure of security against the ebb and flow of global market dynamics.

https://www.youtube.com/watch?v=GUd14q_8HYA

More Iraq News Posted by Tishwash at TNT 5-17-2026

TNT:

Tishwash:  The Iraqi dinar is under pressure from the financial crisis and fears of declining monetary cover.

Warnings are increasing about the repercussions of the financial crisis on the stability of the Iraqi dinar, with growing talk about the possibility of using part of the cash reserve to cover government expenses.

Economic expert Dr. Safwan Qusay confirmed the possibility of resorting to the cash reserves of the Central Bank of Iraq, given the existence of an amount exceeding $90 billion, while warning at the same time of the occurrence of inflation within Iraq.

Qusay said that “the Central Bank of Iraq’s reserves amount to $90 billion in addition to 170 tons of gold, and if borrowing from these reserves is relied upon, it is possible to continue with financial flexibility up to $60 billion.”

He added that “the $60 billion represents the value of the issued Iraqi dinar, but the dinar’s value falling below the aforementioned financial cover means allowing inflation to occur domestically.”

He explained that “the possibility of resorting to borrowing from the central bank’s reserves, or the occurrence of the aforementioned inflation, may happen six months after this May, as the government can secure salaries for this period of time.”  link

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Tishwash:  Zaidi formally assumes office, pledges economic reform and fight against corruption

Ali al-Zaidi officially assumed his duties Saturday as Iraq’s prime minister and commander-in-chief of the armed forces during a handover ceremony at the Government Palace in Baghdad attended by former Prime Minister Mohammed Shia al-Sudani.

In his first address to Iraqis after taking office, Zaidi outlined priorities including economic reform, anti-corruption measures and improvements to public services.

“I extend my sincere thanks and appreciation to the Council of Representatives for the national vote of confidence,” he said, also thanking Coordination Framework leaders and political parties involved in forming the government.

Zaidi said his administration would pursue “a comprehensive economic and financial reform program aimed at building a strong, diversified, and sustainable national economy that does not rely on a single resource,” focusing on industry, agriculture, tourism and investment. He pledged to combat corruption, describing it as “an obstacle to development and delays the progress of the state,” and said creating jobs for young people through development projects and private sector support would be among the government’s top priorities.

On services, Zaidi said “the file of services and infrastructure will no longer remain hostage to deferred promises,” committing his government to projects covering electricity, water, roads, sewage, transportation and housing. He also promised reforms in education and healthcare, including developing school curricula and improving hospitals across urban and rural areas.

Parliament approved 13 ministers Thursday during a session attended by 266 lawmakers. Several nominees failed to secure confidence, including those for planning, higher education, interior and construction and housing. Voting on defense, labor, migration and youth and sports ministries, along with deputy prime minister positions, was postponed.  link

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Tishwash: President Al-Zaidi: Economic reform, fighting corruption, and providing job opportunities are at the top of the government's priorities.

Prime Minister Ali Faleh al-Zaidi confirmed on Saturday that the next phase will witness the launch of a comprehensive economic and financial reform program, while stressing the need to protect public funds, fight corruption, and improve basic services in the country.

In a televised address to the Iraqi people on the occasion of his official assumption of duties as Prime Minister, Al-Zaydi said that he extends his sincere thanks and appreciation to the House of Representatives for granting him confidence, and he commended the role of the leaders of the Coordination Framework and the national political forces in the success of the government formation process.

He added that the next phase will be “a phase of genuine national partnership that transcends differences,” pledging to work to confront challenges with a spirit of responsibility and cooperation.

Al-Zaydi explained that his government will prioritize the implementation of an economic and financial reform program aimed at building a strong, diversified and sustainable national economy, based on revitalizing the industry, agriculture, tourism and investment sectors, in addition to supporting national energies and Iraqi competencies.

He indicated that the government will work “with all its might” to protect public funds and combat administrative and financial corruption in all its forms, considering it an obstacle to development and the progress of the state.

Regarding employment, the Prime Minister stressed that providing job opportunities for young people and reducing unemployment rates will be at the forefront of the government’s concerns, through launching productive and developmental projects, encouraging investment, and supporting the private sector.

He also stressed the importance of achieving social justice and ensuring the fair distribution of opportunities among citizens, away from favoritism and discrimination, in order to strengthen the principle of citizenship.

In the education and health sectors, Al-Zaydi announced plans to support education exceptionally by developing curricula and upgrading schools and universities, as well as improving medical and health services, developing hospitals and health centers, and providing treatment and medicine to all citizens.

He stressed that the services and infrastructure file will be “a field of work and achievement,” through the implementation of strategic projects to improve electricity, water, roads, sewage, transportation and housing.

He pointed out that his government would be “a government of institutions, law and justice,” working to consolidate security and stability, protect Iraq’s sovereignty and strengthen Arab, regional and international relations on the basis of mutual respect and common interests.

Al-Zaydi also expressed his gratitude to the supreme religious authority, praising its role in maintaining social peace, in addition to his appreciation for all religious and national institutions and symbols from the various components of the Iraqi people.

The Prime Minister concluded his speech by emphasizing that “the path of reform may be difficult, but it is not impossible when intentions are united and efforts are sincere,” stressing that Iraq deserves to rise up and achieve a dignified life for its people. link

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Tishwash:  A potential legal crisis: An expert comments on the government borrowing without an approved budget.

 On Saturday (May 16, 2026), economist Nabil Al-Marsoumi sparked controversy regarding the government's legal powers in the matter of borrowing in the absence of a federal budget.

Al-Marsoumi said, in a clarification on the Facebook platform followed by “Baghdad Today”, that “there is no text in the Financial Management Law No. 6 of 2019 that allows the government to borrow in the event that the federal budget law is not enacted, and Article 13 of the law only stipulates that: (In the event that the approval of the federal general budget is delayed until December 31 of the year preceding the year of preparing the budget, the Minister of Finance shall issue a circular according to the disbursement mechanism at a rate of (1/12) (one/twelve) or less of the total actual expenditures for current expenditures for the previous fiscal year, after excluding non-recurring expenditures, on a monthly basis until the federal general budget is approved).”

He added, “Looking back a little, we find that the collapse of oil prices during Al-Kadhimi’s time in 2020, and the inadequacy of public revenues to cover salaries, prompted Al-Kadhimi’s government to resort to Parliament to legislate a law that would allow it to borrow. The first was the Borrowing and Financial Deficit Treatment Law No. 5 of June 2020, in which the Minister of Finance was authorized to borrow locally and externally, not exceeding $5 billion for external borrowing, and 15 trillion dinars for internal borrowing.”

Al-Marsoumi continued, “The second borrowing law and the treatment of the financial deficit was issued on 11/12/2020, to secure the salaries of employees and retirees for the last months of 2020, with a value of 12.5 trillion dinars, after the state treasury reached a stage of being unable to pay salaries.”

He pointed out that “all the internal and external borrowing operations that the Sudanese government resorted to, which exceed 10 trillion dinars this year, lack the legal cover represented by the absence of a general budget in 2026, and the absence of any other law that allows it to borrow, and that any other borrowing operations that the Al-Zidi government will resort to, without the availability of legal cover, are also considered a legal violation and an overstepping of its powers specified in the Iraqi laws.”  link

Iraq Economic News and Points To Ponder Sunday Morning 5-17-26

The International Monetary Fund Comments On Reports That Iraq Has Requested Financial Assistance.

Money and Business      Economy News — Baghdad    The International Monetary Fund said it continues to discuss the possibility of providing financial support to countries affected by rising energy and commodity prices due to the war in the Middle East, without confirming reports that Iraq had requested financial assistance.

Reuters quoted the IMF spokeswoman, Julie Kozak, as saying during a press conference that the Fund continues to discuss potential financial assistance for member countries suffering from high energy and commodity costs, but she did not provide details on specific countries, and declined to comment on a report that Iraq had requested financial support.

Kozak added that a number of countries are asking the Fund for support in the area of ​​economic policies and advice on how to respond to economic shocks according to the circumstances of each country.

Media reports had indicated that Iraq had requested financial assistance from the Fund as a result of the repercussions of the war in the Middle East and rising energy prices, at a time when the Fund’s Managing Director, Kristalina Georgieva, had previously indicated that about 12 countries might need financial support ranging between $20 billion and $50 billion.

https://www.economy-news.net/content.php?id=69157

Finance Minister: The Current Stage Requires Exceptional Work And Rapid Progress

Economy News – Baghdad     On Sunday, Iraqi Finance Minister Faleh Sari chaired an expanded meeting with the directors general of the ministry's headquarters and its affiliated departments, following his official commencement of duties, to discuss the priorities of the next phase and mechanisms for enhancing financial and administrative performance.

During the meeting, the minister stressed that the current stage requires “exceptional work, highly efficient management, and financial discipline,” emphasizing the importance of unifying efforts and working as a team to confront the current economic and financial challenges.

Sari called for maximizing public revenues in the ministry’s affiliated bodies and departments, in order to contribute to fulfilling the state’s financial obligations, in light of the challenges related to energy markets and the decline in Iraqi oil exports to levels he described as “unprecedented”.

The Minister of Finance also stressed the need to adopt clear time limits for completing files, stressing that the current stage requires officials capable of diagnosing problems and providing practical solutions, and that the standard of success will be linked to achievement and taking responsibility. https://www.economy-news.net/content.php?id=69170

Russian Banks Enter Into Financial Cooperation With Iran

banks    Economy News - Follow-up   The former head of Iran’s Trade Development Organization, Peyman Pak, announced on Saturday that a number of major Russian banks, including Sberbank and VTB Bank, have established active correspondent accounts with the Central Bank of Iran and banks operating in the country.

Fars News Agency quoted Pak as saying that the assets of these banks range between $400 and $500 billion for each bank, which is almost double the total assets of Iranian banks, providing a great capacity to expand financial exchanges between the two sides.

He added that linking the Iranian financial payment system “SPAM” to the Russian SPFS network contributed to reducing the time required for currency transfers for traders from several months to about 48 hours, which led to a significant increase in the volume of cash exchanges.

The financial cooperation between the two sides comes at a time when the US Treasury Department imposed new sanctions on Monday related to Iran, targeting individuals and companies run from several countries, including China.

On April 28, 2026, the US Treasury Department announced sanctions against 35 entities and individuals in Iran for helping them evade sanctions. https://www.economy-news.net/content.php?id=69127

Financial Times: Shipping Companies Are Transporting Fuel By Truck Amid The Strait Of Hormuz Crisis.

energy   Economy News - Follow-up   The Financial Times reported that major shipping companies have begun using trucks to transport fuel amid the partial closure of the Strait of Hormuz due to the crisis in the Middle East.

The newspaper confirmed that, with the Strait of Hormuz closed, shipping rates on the Shanghai-Gulf and Red Sea route reached record levels this week, exceeding the levels recorded during the COVID-19 pandemic.

Citing data from Clarksons research firm, she noted that the shipping cost for a standard container on this route has risen from $980 to $4,131 since May 15.

The magazine stated that "all major shipping companies, including Mediterranean Shipping Company (MSK), Maersk, CMA-CGM and Hapag-Lloyd, have opened routes to transport goods from Red Sea and Gulf of Oman ports."

The Financial Times quoted Maersk CEO Vincent Clerc as saying that a large number of trucks were used to transport the shipments.

He noted that Saudi Arabia and Iraq have allowed large numbers of trucks to enter from Iraq, Jordan and Turkey.

However, the newspaper stressed that trucks can only partially replace the capacity of container ships and large cargo vessels that used to serve the Arab Gulf states via the Strait of Hormuz. https://www.economy-news.net/content.php?id=69171

EIA: Iraq’s Oil Exports To US Rise Over The Week

2026-05-17 Shafaq News- Baghdad/ Washington   Iraq’s crude oil exports to the United States rose 24,000 barrels per day (bpd) last week, US Energy Information Administration (EIA) data showed on Sunday.

Iraqi shipments averaged 100,000 bpd last week, 31.6% higher than the previous week’s average of 76,000 bpd.

Total US crude imports from nine major suppliers reached 5.404 million bpd last week. Canada remained the top supplier at 4.067 million bpd, followed by Venezuela with 588,000 bpd, Colombia with 164,000 bpd, Saudi Arabia with 154,000 bpd, and Brazil with 109,000 bpd.

Imports also included Nigeria at 87,000 bpd, Mexico at 71,000 bpd, and Ecuador at 64,000 bpd. No oil was imported from Libya this week. https://www.shafaq.com/en/Economy/EIA-Iraq-s-oil-exports-to-US-rise-over-the-week

Dollar Slips In Baghdad, Steady In Erbil

2026-05-17 Shafaq News- Baghdad/ Erbil   The US dollar opened Sunday's trading slightly lower in Baghdad and unchanged in Erbil, hovering around 154,000 dinars per 100 dollars.

According to Shafaq News market survey, the dollar traded in Baghdad's Al-Kifah and Al-Harithiya exchanges at 153,800 dinars per 100 dollars, down from Saturday's 153,900 dinars.

In the Iraqi capital, exchange shops sold the dollar at 154,500 dinars and bought it at 153,500 dinars, while in Erbil, selling prices stood at 153,500 dinars and buying prices at 153,400 dinars.

https://www.shafaq.com/en/Economy/Dollar-slips-in-Baghdad-steady-in-Erbil

Gold Prices Stable In Baghdad And Erbil

2026-05-17 Shafaq News- Baghdad/ Erbil   Gold prices on Sunday remained constant in Baghdad and Erbil markets, hovering below the million-dinar mark, according to Shafaq News market survey.

On Baghdad's Al-Nahr Street, wholesale markets recorded a selling price of 982,000 IQD per mithqal (equivalent to five grams) for 21-carat Gulf, Turkish, and European gold, with a buying price of 978,000 IQD, the same as the previous session.

Iraqi 21-carat gold sold at 952,000 IQD per mithqal, with a buying price of 948,000 IQD.

In jewelry stores, 21-carat Gulf gold ranged between 985,000 and 995,000 IQD per mithqal, while Iraqi gold sold between 955,000 and 965,000 IQD.

In Erbil, prices also declined, with 22-carat gold selling at 1.021 million IQD per mithqal, 21-carat at 975,000 IQD, and 18-carat at 835,000 IQD. https://www.shafaq.com/en/Economy/Gold-prices-stable-in-Baghdad-and-Erbil

CBI: Iraq's Foreign Reserves Shed $1.8 Billion In A Single Week

2026-05-17 Shafaq News- Baghdad   Iraq's foreign currency reserves fell sharply in the final week of April, according to fresh financial indicators published by the Central Bank of Iraq (CBI).

Net foreign assets held by the central bank declined from 125.614 trillion dinars on April 23 to 123.269 trillion dinars —approximately $93.3 billion— by the end of the month, a drop of 2.345 trillion dinars in seven days, equivalent to some $1.8 billion based on a Shafaq News calculation derived from central bank data. Other official reserves fell in parallel, settling at 122.780 trillion dinars.

Economic analyst Nabil al-Marsoumi attributed the continued decline directly to falling oil revenues.

CBI: Iraq's foreign reserves shed $1.8 billion in a single week - Shafaq News ‍ ‍

https://www.shafaq.com/en/Economy/CBI-Iraq-s-foreign-reserves-shed-1-8-billion-in-a-single-week

Seeds of Wisdom RV and Economics Updates Sunday Morning 5-17-26

Good Morning Dinar Recaps,

Taiwan Independence Remarks Raise New Flashpoint in US–China Power Struggle

Taipei’s latest sovereignty declaration is intensifying geopolitical tensions at a time when global markets are already facing mounting uncertainty over trade, military alliances, and the future balance of economic power.

  Overview

Taiwan President Lai Ching-te declared that “Taiwan independence” means the island does not belong to Beijing and that only Taiwan’s people can determine their future. The comments followed the recent summit between US President Donald Trump and Chinese President Xi Jinping, where Trump reiterated that Washington does not officially support Taiwanese independence.

The remarks are significant because they touch one of the most sensitive issues in global geopolitics. China continues to view Taiwan as part of its territory and has repeatedly warned that formal moves toward independence could trigger military action.

Markets and governments are closely watching the situation because any escalation involving Taiwan could disrupt global trade routes, semiconductor production, energy markets, and international supply chains — all of which are deeply connected to the evolving discussions surrounding a global financial reset and the emergence of a more fragmented multipolar world order.

Key Developments

1. Taiwan Reasserts Sovereignty Position

President Lai emphasized that Taiwan is already a sovereign nation operating under the Republic of China framework and is not subordinate to the People’s Republic of China.

His statement reinforced Taiwan’s long-standing position that the island’s future should only be determined by its own citizens, not by Beijing.

The comments are likely to intensify pressure from China, which views such language as crossing political red lines.

2. US–China Relations Enter Another Sensitive Phase

The timing of Lai’s comments is especially important because they came immediately after the Trump–Xi summit.

Trump stated that the United States is not encouraging Taiwanese independence, signaling Washington’s attempt to avoid direct escalation while still maintaining strategic support for Taipei.

This balancing act reflects the increasingly fragile relationship between the world’s two largest economies.

3. Taiwan Remains Critical to the Global Economy

Taiwan sits at the center of the global semiconductor industry, making it one of the most strategically important economies in the world.

Any instability involving Taiwan could impact:

• Technology supply chains

• Artificial intelligence development

• Global manufacturing

• Shipping routes in the Indo-Pacific

• Currency and commodity markets

Investors increasingly view Taiwan tensions as one of the biggest long-term threats to global economic stability.

4. Multipolar Financial Realignment Continues

The Taiwan issue is also becoming tied to the broader geopolitical realignment now underway between the United States, China, BRICS nations, and regional powers across Asia and the Middle East.

As tensions rise, countries continue accelerating efforts to:

• Diversify trade partnerships

• Reduce reliance on Western financial systems

• Strengthen regional alliances

• Expand local currency trade mechanisms

• Increase gold and strategic reserve holdings

This gradual fragmentation is one of the defining trends driving discussions around a possible global financial reset.

Why It Matters

The Taiwan issue is no longer just a regional political dispute. It now represents a major fault line in the global economic system.

The world economy depends heavily on stable trade flows through Asia, semiconductor production from Taiwan, and cooperation between the United States and China.

Any escalation could trigger:

• Supply chain disruptions

• Energy price volatility

• Currency instability

• Stock market selloffs

• Acceleration of de-dollarization efforts

Global investors are increasingly treating geopolitical risk as a direct financial risk.

Why It Matters to Foreign Currency Holders

For foreign currency and precious metals investors, Taiwan tensions reinforce the growing importance of geopolitical positioning in global finance.

Periods of rising instability often increase interest in:

• Gold and silver

• Alternative reserve currencies

• BRICS trade systems

• Energy-backed agreements

• Strategic commodity investments

The deeper the divide becomes between major powers, the faster the world may move toward competing financial blocs rather than a single unified economic system.

 Implications for the Global Reset

• Pillar 1: Geopolitical Fragmentation

Taiwan remains one of the most dangerous geopolitical flashpoints on Earth. Escalation could accelerate the transition toward a multipolar global order divided into competing economic and military spheres.

• Pillar 2: Financial System Realignment

As tensions grow between Washington and Beijing, nations may continue reducing exposure to systems controlled by geopolitical rivals, increasing momentum behind local currency settlements, reserve diversification, and regional financial cooperation.

Conclusion

President Lai’s remarks have once again placed Taiwan at the center of the global geopolitical conversation.

While no immediate confrontation appears imminent, the situation highlights how fragile international stability has become as economic competition, military strategy, and financial realignment increasingly overlap.

For markets, governments, and investors alike, Taiwan is no longer simply a diplomatic issue — it is a central piece of the evolving struggle over the future structure of global power and finance.

This is not just politics — it’s global finance restructuring before our eyes.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Reuters via Modern Diplomacy — “Taiwan President Says ‘Taiwan Independence’ Means the Island Does Not Belong to Beijing”  

• Reuters World News — “Asia Pacific Coverage”

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 🌱 A Message to Our Currency Holders🌱

If you’ve been holding foreign currency for many years, you were not foolish.

You were not wrong to believe the global financial system would change.

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

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

That is not your failure.

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

Instead, we focus on:

• Verifiable developments • Institutional evidence

• Global financial structure • Where countries actually sit in the process

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

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

Protect your identity. Organize your documents.    Verify everything.

Never hand your discernment to anyone who cannot show proof.

You deserve truth — not timelines.

Seeds of Wisdom Team
Newshounds News™

~~~~~~~~~~

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Thank you Dinar Recaps

Iraq Economic News And Points To Ponder Late Saturday Evening 5-16-26

An Economist Confirms The Possibility Of Resorting To The Central Bank's Reserves To Compensate For The Deficit.

Baghdad...  Economic expert Dr. Safwan Qusay confirmed the possibility of resorting to the Central Bank of Iraq's cash reserves, which exceed $90 billion, while simultaneously warning of the potential for inflation within Iraq.

Qusay told Al-Maalouma, "The Central Bank of Iraq's reserves amount to $90 billion, in addition to 170 tons of gold. If borrowing from these reserves is adopted, it is possible to maintain financial flexibility down to $60 billion."
He added, "The $60 billion represents the value of the issued Iraqi dinar, but a decrease in the dinar's value below this financial backing would allow for domestic inflation."

He indicated that "the possibility of resorting to borrowing from the Central Bank's reserves, or the aforementioned inflation, could occur six months after this May, as the government can secure salaries for this period." End 25N

https://almaalomah.me/news/131759/economy/خبير-اقتصادي-يؤكد-إمكانية-اللجوء-لاحتياطي-البنك-المركزي-لتعو

Al-Hilali Reveals Details Of The US Deadline For Al-Zidi's Government: Six Months For Evaluation And Another To Decide On Support

latest news  Saturday,  May 16, 2026  Baghdad - One News     The Arabic 21 website quoted former Prime Minister's advisor Ayed Al-Hilali as saying that Prime Minister Ali Al-Zaidi is required to make very significant changes in order to implement what he described as the United States' conditions. 

Al-Hilali explained that Washington gave Al-Zaidi an initial six-month grace period to assess the performance of his government, followed by a similar extension before making a decision on whether to continue supporting him or abandon him. 

He added that American officials, including Ambassador Tom Barrack, expressed a clear desire to deal with Al-Zaidi's government, noting that American support would not be free, but rather linked to the existence of a political and executive quid pro quo for this support.

https://1news-iq.net/الهلالي-يكشف-تفاصيل-المهلة-الأمريكية/

A Member Of The Parliamentary Finance Committee Told NINA: "The Next Stage Will Be Very Difficult... Economically."

Saturday, May 16, 2026 08:49 | Economy   Baghdad / NINA / Member of the Parliamentary Finance Committee, MP Mustafa al-Karawi, affirmed that Iraq is facing a very difficult economic phase, attributing this to the widening budget deficit, low revenues, and the failure to find alternatives to oil to finance the country's economy.

Al-Karawi told the Iraqi National News Agency ( NINA 😞 "Following the economic crisis that occurred in the region due to the Iran-US war and the previous Iraqi government's inability to find solutions for oil exports, the budget deficit and low revenues have widened due to the failure to find alternatives to oil by increasing non-oil revenues."

The Finance Committee member emphasized: "The coming period will be very difficult due to the lack of non-oil funding sources, as non-oil revenues constitute only 10% of total revenues. This will significantly impact the revenue generated and its direct dependence on external regional conditions." He explained: "The continuation of this situation will greatly affect the provision of services and the implementation of investment projects due to the lack of financial liquidity."

He expressed his hope that the new government would find real solutions to build a strong domestic economy and establish systems to effectively manage non-oil revenues, significantly reducing dependence on oil.       https://ninanews.com/Website/News/Details?key=1295740

Government Advisor: The Budget Is Going Through A Complex Funding Crisis And Salaries Are A "Sacred Issue"

Exclusive to Alsumaria   2026-05-16 | 13:07   The economic and financial advisor to the Prime Minister said, Mazhar Muhammad Salih On Saturday, he said the general budget is facing a major crisis as a result of funding disruptions, attributing this to what he described as the shock of the shutdown.  Strait of Hormuz Against the backdrop of tensions between Iran And the United States, which was reflected in the smooth and proper delivery of about 90% of the budget resources.

Saleh stated in an interview with Alsumaria News   He noted that "short-term measures are being worked on," indicating that there is significant coordination and cooperation between fiscal and monetary policies to ensure the continued functioning of the government and the fulfillment of essential obligations.

He explained that "the ongoing war is short-term in nature, and that government efforts are currently focused on overcoming this phase and mitigating its economic impact."

The advisor emphasized that the issue of salaries is a "sacred matter" affecting the lives of approximately 9 million employees and nearly 40 million citizens, noting that each salary supports an entire family, and that in a rentier state like Iraq Not possible Acceptance Any discussion about compromising it is unacceptable, as it is at the forefront of government priorities.

https://www.alsumaria.tv/news/alsumariaspecial/564183/مستشار-حكومي-الموازنة-تمر-بأزمة-تمويل-معقدة-والرواتب-قضية-مقدسة

Kujer To Nina: Iraq Is The Biggest Economically Affected By The US-Iran War

Saturday, May 16, 2026 09:38 | Economy  Baghdad/ NINA / Jamal Kojar, a member of the Parliamentary Finance Committee, affirmed that Iraq is the country most economically affected by the regional Iranian-American conflict. He explained that most capital has fled Iraq due to the unstable security and military situation.

In a statement to the Iraqi National News Agency ( NINA ), Kojar said, "The security and regional situation has direct and indirect effects on the Iraqi economy in several aspects. The first, main, and most impactful aspect is the oil sector, as oil production has decreased by at least three-quarters, and the oil being sold now costs more than before the war."

He added, "The second affected sector is trade, especially border crossings, as maritime traffic has been significantly impacted and complicated. The third affected sector is investment, which is experiencing near-paralysis."

Kujer continued: "The fourth aspect affected was foreign capital. After this battle and the attempts to drag Iraq into the Iran-US war, much capital fled the country, and investments were withdrawn. The fifth aspect that impacted the economy and financial situation was the measures accompanying the military operation, such as the cessation of liquidity and foreign currency support, and a long list of other effects left by the war in the region, making Iraq the most economically damaged country." /

 https://ninanews.com/Website/News/Details?key=1295749

An Iraqi Observatory Presents Three Options To The Al-Zaidi Government To Address The Financial Crisis.

Energy and Business breaking   2026-05-16   Shafaq News - Baghdad    On Saturday, the "Eco Iraq" economic observatory presented three options to the government of Prime Minister Ali Faleh al-Zaidi to confront the financial crisis. 

The observatory said in a statement received by Shafaq News Agency that "the Strait of Hormuz crisis has significantly affected Iraq's financial revenues, in addition to a pre-existing financial deficit and an increase in the size of the internal debt." 

He added that "there are three main options before the new government headed by Ali al-Zaidi to address the crisis, the first of which is internal borrowing." 

The observatory explained that "domestic borrowing is done through the issuance of bonds or treasury bills by the Ministry of Finance, which are purchased by the Central Bank of Iraq, in exchange for providing financial liquidity to the government at specific interest rates."  

He pointed out that "the previous government adopted this option during the past years, which contributed to the decline of the official reserve to about 125.6 trillion Iraqi dinars." 

The observatory explained that "the second option is to adjust the exchange rate of the Iraqi dinar to 150,000 dinars per 100 dollars, instead of 132,000 dinars, with the aim of increasing government revenues in dinars and reducing the financial deficit." 

He explained that "this option was previously used during the government of former Prime Minister Mustafa Al-Kadhimi following the financial crisis and the drop in oil prices, with the possibility of restoring the exchange rate to previous levels if oil and financial revenues improve." 

The observatory concluded its statement by saying, “The third option is to resort to external borrowing, as happened during Haider al-Abadi’s government, where some international loans were linked to reform measures and financial and economic conditions related to public spending, employment and fiscal policies.” 

A source close to the International Monetary Fund revealed on Thursday that Iraq is seeking financial support from the Fund as a result of the consequences of the war in the Middle East, which has affected the flow of oil and energy supplies from producing countries.

https://www.shafaq.com/ar    /اقتصـاد/مرصد-عراقي-يطرح-3-خيارات-مام-حكومة-الزيدي-لمواجهة-ال-زمة-المالية

Seeds of Wisdom RV and Economics Updates Saturday Afternoon 5-16-26

UK Political Shockwave: Labour Crisis and Reform UK Surge Signal Deep Western Realignment

Mounting instability inside Britain’s ruling government is raising broader questions about political legitimacy, economic confidence, and the future direction of Western financial systems

The collapse in support for the UK Labour government reflects a wider global trend of political fragmentation, voter dissatisfaction, and growing pressure on establishment institutions.

OVERVIEW (KEY POINTS)

The British political system was shaken following major local election losses for Prime Minister Keir Starmer’s Labour government, triggering reports of internal party unrest, leadership pressure, and cabinet instability.

At the center of the turmoil is the rapid rise of Reform UK, led by Nigel Farage, which gained significant ground in local elections and expanded support among working-class voters traditionally aligned with Labour.

The political instability comes as Britain continues facing economic stagnation, inflation concerns, energy pressure, and growing public dissatisfaction with establishment leadership across Europe and the West.

The broader implication extends beyond UK politics alone. Financial markets closely monitor political stability in major Western economies because leadership uncertainty can affect currency confidence, fiscal policy, trade relations, and investor sentiment.

KEY DEVELOPMENTS

1. Labour Suffers Major Local Election Losses

The local election results delivered a major setback to Labour leadership.

• Reform UK reportedly gained more than 1,400 council seats

• Labour lost significant support in traditional working-class regions

• Analysts described the results as a major political realignment

2. Leadership Pressure Intensifies Around Keir Starmer

Internal party tensions reportedly escalated rapidly after the elections.

• Multiple reports described growing dissatisfaction among Labour MPs

• Calls for leadership accountability increased inside the party

• Questions emerged about Labour’s long-term electoral strategy

3. Reform UK Expands National Influence

The rise of Reform UK reflects broader populist momentum.

• The party continues gaining support among voters frustrated with establishment politics

• Immigration, cost-of-living pressures, and economic concerns remain central issues

• Political analysts increasingly view Reform UK as a significant force in future elections

4. Markets Watch Political Stability Closely

Political fragmentation can directly affect financial confidence.

• UK government instability may increase uncertainty around fiscal policy

• Currency markets remain sensitive to leadership disruptions in major economies

• Investors continue monitoring European political shifts alongside global energy tensions

5. Wider Western Political Realignment Continues

The UK developments mirror trends seen across multiple Western nations.

• Establishment parties in Europe and North America continue facing voter backlash

• Economic pressure and inflation remain major political drivers

• Populist and nationalist movements are gaining influence across several regions

WHY IT MATTERS

Political stability is a major pillar of modern financial systems. When governments face internal fractures and declining public support, markets begin reassessing long-term economic confidence and policy continuity.

Britain remains one of the world’s largest financial centers through the City of London. Significant political instability can therefore influence global investment flows, bond markets, currency sentiment, and broader Western economic confidence.

The growing disconnect between political institutions and working-class voters is also becoming a defining issue across many developed economies, increasing pressure on governments to rethink economic and trade policies.

At the global level, rising political fragmentation across Western nations may accelerate the transition toward a more multipolar geopolitical and financial environment.

WHY IT MATTERS TO FOREIGN CURRENCY HOLDERS

• Political instability can weaken confidence in major currencies over time

• Investor uncertainty may increase volatility in the British pound

• Global capital may continue diversifying into commodities and gold

• Shifting political coalitions could reshape fiscal and monetary priorities

IMPLICATIONS FOR THE GLOBAL RESET

• Pillar 1: Western Political Fragmentation Weakens Centralized Consensus

Growing instability across major Western democracies may reduce the ability of governments to maintain unified economic and geopolitical strategies.

• Pillar 2: Multipolar Financial and Political Systems Continue Emerging

As trust in traditional institutions declines, countries and markets increasingly explore alternative alliances, reserve structures, and economic partnerships outside legacy frameworks.

CONCLUSION

The political turbulence unfolding in the United Kingdom reflects more than a domestic leadership challenge.

It highlights deeper pressures building across Western democracies as voters respond to economic stress, inflation, migration debates, and dissatisfaction with traditional political structures.

While Britain’s financial system remains globally important, rising political instability adds another layer of uncertainty at a time when the global economy is already navigating energy disruptions, geopolitical tensions, and structural financial change.

Political realignment and financial realignment are increasingly unfolding at the same time — and markets are paying close attention to both.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• BBC News — "Local Election Results and Reform UK Gains"

• Sky News — "Labour Faces Pressure Following Local Election Losses"

~~~~~~~~~~

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Iraq Economic News And Points To Ponder Saturday Afternoon 5-16-26

Baghdad Targets 500k Bpd Export Goal Via Turkiye Amid Increased Hormuz Risks

2026-05-16 Shafaq News- Baghdad   Iraq’s new Oil Minister Basim Khudhair al-Abadi warned on Saturday that escalating regional tensions threaten energy flows through the Strait of Hormuz, as Baghdad moves to ramp up crude exports via Turkiye and address long-standing production disputes with the Kurdistan Region.

Speaking during a press conference at the ministry on his first day in office, he pointed to a sharp decline in exports, stating that Iraq shipped an average of 93 million barrels per month before the latest US-Iran escalation, while volumes fell to around 10 million barrels in April.

Despite the slowdown, Iraq continues to export around 200,000 bpd from Kirkuk through Turkiye’s Ceyhan port, with plans to raise flows to as much as 500,000 bpd. Achieving that target, he remarked, depends on the return of international oil companies operating in the Kurdistan Region, several of which have recently suspended operations.

“The government is treating the energy file in the Kurdistan Region as a priority,” he added, referring to efforts aimed at narrowing gaps between Baghdad and Erbil and aligning production frameworks across the country.

Khudhair noted that crude production from Basra and Kirkuk currently stands at no more than 1.4 million barrels per day (bpd), reflecting continued uncertainty in one of the country’s key economic sectors.

He also urged the Organization of the Petroleum Exporting Countries (OPEC) and the international community to support an increase in Iraq’s production ceiling, arguing that higher output is needed to fund infrastructure, public services, and state operating costs.

Read more: Iraq's oil lifeline is blocked: Here is why the crisis runs deeper than Hormuz

https://www.shafaq.com/en/Economy/Baghdad-targets-500k-bpd-export-goal-via-Turkiye-amid-increased-Hormuz-risks

Dollar Dips In Baghdad, Rises In Erbil

2026-05-16   Shafaq News- Baghdad/ Erbil   The US dollar closed Saturday's trading lower in Baghdad and higher in Erbil, hovering around 154,000 dinars per 100 dollars.

According to Shafaq News market survey, the dollar traded in Baghdad's Al-Kifah and Al-Harithiya exchanges at 153,800 dinars per 100 dollars, down from the morning session’s 153,900 dinars.

In the Iraqi capital, exchange shops sold the dollar at 154,250 dinars and bought it at 153,250 dinars, while in Erbil, selling prices stood at 153,600 dinars and buying prices at 153,500 dinars.

Speaking to Shafaq News, Jabbar Goran, spokesperson for the currency market in al-Sulaymaniyah, Iraqi Kurdistan, expected the formation of Iraq’s new government to help lower the dollar exchange rate against the dinar in local markets, citing anticipated “US support” that could positively affect the financial market.

Goran predicted the exchange rate could fall below 150,000 dinars per 100 dollars in the coming period if regional conditions stabilize. He added that the gap between the official exchange rate of 132,000 dinars and the market rate should normally remain within 12,000 to 13,000 dinars. https://www.shafaq.com/en/Economy/Dollar-dips-in-Baghdad-rises-in-Erbil

Gold Prices Slip In Baghdad And Erbil

2026-05-16 Shafaq News- Baghdad/ Erbil   Gold prices fell Saturday in Baghdad and Erbil markets, hovering below the million-dinar mark, according to Shafaq News market survey.

On Baghdad's Al-Nahr Street, wholesale markets recorded a selling price of 982,000 IQD per mithqal (equivalent to five grams) for 21-carat Gulf, Turkish, and European gold, with a buying price of 978,000 IQD, down from the previous session's 1.012 million IQD.

Iraqi 21-carat gold sold at 952,000 IQD per mithqal, with a buying price of 948,000 IQD.

In jewelry stores, 21-carat Gulf gold ranged between 985,000 and 995,000 IQD per mithqal, while Iraqi gold sold between 955,000 and 965,000 IQD.

In Erbil, prices also declined, with 22-carat gold selling at 1.021 million IQD per mithqal, 21-carat at 975,000 IQD, and 18-carat at 835,000 IQD.https://www.shafaq.com/en/Economy/Gold-prices-slip-in-Baghdad-and-Erbil-5

Iraq’s Gulf Power Project To Supply 500 Megawatts

2026-05-16 Shafaq News- Baghdad/ Basra   The Gulf electricity interconnection project with Iraq has reached 94% completion, with the first phase expected to supply 500 megawatts of additional electricity to the national grid, Iraq’s Electricity Ministry announced on Saturday.

The Gulf Cooperation Council (GCC) states signed the implementation contract for the project in October 2024, aiming to supply Iraq with around 3.94 terawatt-hours of electricity annually at prices lower than domestic production costs. The project's original completion deadline of end-2025 was missed, with the launch subsequently pushed back without a revised date confirmed by officials.

Completed works include full construction of concrete tower foundations, installation of 112 out of 221 transmission towers within the Iraqi section, and the completion of 73 kilometers of power line wiring alongside 63 kilometers of Optical Ground Wire (OPGW) communications cable.

Technical teams from the South Electricity Transmission Company continue work on the 400-kilovolt interconnection line linking Kuwait’s Al-Wafra power station to the Al-Faw converter station in southern Iraq as part of what the ministry described as strategic projects aimed at supporting grid stability during the summer season. The project stretches approximately 285 kilometers, including 76.7 kilometers inside Iraqi territory from the Safwan border area to Al-Faw station.

Read more: Iraq power 2026: war collapses the grid's defenses ahead of peak summer

https://www.shafaq.com/en/Economy/Iraq-s-Gulf-power-project-to-supply-500-megawatts

PM Al-Zaidi Chairs First Financial Stability Council Meeting Hours After Launch

2026-05-16 Shafaq News- Baghdad   Iraqi Prime Minister Ali al-Zaidi on Saturday chaired the first meeting of the newly established Financial Stability Council, only hours after ordering its creation during his cabinet’s inaugural session.

The council includes Finance Minister Falih al-Sari and the governor of the Central Bank of Iraq (CBI), Ali al-Alaq.

Al-Zaidi stressed the importance of financial stability and its impact on Iraq’s economic and development plans, calling for close coordination between the Finance Ministry and CBI. He also emphasized the need for financial decisions that support economic stability and strengthen the government’s service, development, and economic agenda.

What the Program Says?

Al-Zaidi's ministerial program commits to establishing a Supreme Council for Financial Stability to coordinate between fiscal and monetary policy, the body that held its first meeting on Saturday.

The program assigns the council a specific economic agenda: financial discipline, restructuring of public expenditure, enhancing non-oil revenues, and digitizing revenue collection in cooperation with relevant international institutions.

On banking, the program commits to reform aligned with international standards, anti-money laundering compliance, and structured coordination between the Central Bank and the fiscal authority.

The council is one of three new economic bodies mandated by the program. The other two are a Supreme Investment Council for foreign direct investment, and a Generations Fund to preserve Iraqi citizens' share of oil and natural resource revenues.

Read more: Ali Al-Zaidi sworn in with a program already failed

https://www.shafaq.com/en/Economy/PM-Al-Zaidi-chairs-first-Financial-Stability-Council-meeting-hours-after-launch

Who Stole Our Marble?

Mazhar Muhammad Salih  Articles Economy News – Baghdad    A heated intellectual debate raged in the corridors of research, where monetary policy was formulated in the heart of Baghdad. Marxists, graduates of British universities, argued with liberals, graduates of Iraqi universities, in a debate that spanned the 1950s and 1970s.

The central point of contention was the concept of the "public good"—that benefit created for all people, from which no one is excluded, and whose use by one individual does not diminish the rights of others, such as security, bridges, parks, and public lighting.

The name of Paul Samuelson was frequently invoked as one of the most prominent theorists of this concept in modern economics, as he argued that a state is not measured solely by its wealth, but also by its capacity to protect what belongs to everyone. 

But the question that lingered above all that debate was even more brutal than the theories themselves:

Did people really need that extravagant display of civilization represented by the escalators in the Tahrir Square tunnel in the 1970s? 

That tunnel, which was built as a symbol of modern Baghdad, is surrounded by shops in an elegant circular formation, and topped with captivating architectural details, until its walls and columns became covered with shiny Italian marble, as if the city wanted to give its citizens something of the dignity and beauty of great cities.

Marxists saw this as a victory for the idea of ​​the common right.

In their view, beauty was not a privilege reserved for the wealthy alone, but a right for all people. They echoed Karl Marx's ideas about the alienation of individuals when their shared wealth is taken from them, and the fruits of society become the private property of a few. Liberals, on the other hand, considered it a luxury incompatible with an economy burdened by poverty and inequality, arguing that the state should spend on necessities, not on marble and escalators.

Then the years passed, wars followed one another, the electricity went out, the stairs broke down, the maintenance systems deteriorated, and Iraq entered the era of the long siege as a silent war, an era that not only destroyed the economy, but also destroyed the very meaning of things, until the “public good” became an orphaned entity with no one to protect it. 

And the marble remained alone.

It shines with a sad silence in an empty tunnel, its whiteness reflected on the facades of empty shops, as if trying to remember the Baghdad that was once here. 

Until one morning the city awoke to a heavy whisper circulating in our research circles:

The marble has disappeared. 

The Italian marble that once adorned the Tahrir Square tunnel has vanished, replaced by drab, gloomy stones that have robbed the place of its last vestiges of beauty. Everyone stood stunned, Marxists and liberals alike, all intellectual distance between them suddenly collapsing before this painful truth:

Marble from the "public good" was smuggled to complete the decoration of a palace.

Thus, what was made for all people became the private property of one individual.

 But the story didn't end with the tunnel. A few days later, one of the largest government buildings, clad in the same Italian marble, was stripped bare and replaced with somber, gloomy rocks, while fearful whispers spread the same truth:

State marble joined the tunnel marble, and settled there… in the same palaces.

 Only then did it seem as though Baghdad was reliving all the philosophers' warnings at once. Jean-Jacques Rousseau believed that the erosion of justice begins when what is common among people is seized, because the social contract itself is based on upholding the common good, not usurping it.

Hannah Arendt, on the other hand, saw the erosion of the public sphere as beginning when the things that unite people become instruments of domination and privilege. At that point, cities not only lose their beauty but also their capacity to be a home for all. And then, the collapse of the public sphere signifies the decline of politics itself, its transformation into domination or fear.

Thus, the stolen marble was not merely white stone moved from one wall to another; it was a piece of the city's memory being silently torn away, a painful declaration of the transformation of "public property" from a shared right into plunder, from beauty belonging to the people into ornamentation belonging to the authorities.

And the ruin of a state begins when public affairs become tools in the hands of power or fear.

 And the question remains, after all these years:  When will the people's marble return to the people?

When will the state regain the meaning of public interest before it loses even its memory?

https://www.economy-news.net/content.php?id=69120

Alasdair Macleod: Dollar Collapse Accelerating, Here's What Happens Next

Alasdair Macleod: Dollar Collapse Accelerating, Here's What Happens Next

WTFinance:  5-16-2026

On this episode of the WTFinance podcast I had the pleasure of welcoming back Alasdair Macleod.

Alasdair Macleod has over decades of experience in financial markets, with a focus on monetary history, systemic risk, and the enduring role of gold.

He is one of the most respected voices on sound money and wealth preservation.

During our conversation we spoke about the Middle East conflict, shifting world order, neutralising the US military, Petroyuan, precious metals future and more. I hope you enjoy!

0:00 - Introduction

1:50 - Middle East conflict

7:43 - Neutralising US military

10:40 - Taiwan

14:32 - Multipolar world?

19:00 - Saudi Arabia vs Iran

24:34 – Petroyuan

28:57 - China fixed currency

32:04 - Precious metals prices

37:10 - Liquidating gold

39:23 - Comex defaults

42:20 - One message to takeaway?

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

Iraqi Dinar News: Breaking: Iraq Approves New Cabinet - Market Implications

Iraqi Dinar News: Breaking: Iraq Approves New Cabinet - Market Implications

Edu Matrix:  5-16-2026

Iraqi Dinar News: Breaking Iraq News Approves New Cabinet - Market Implications - Iraq’s New Prime Minister Faces Immediate Pressure — Could This Affect the IQD?

Political News In this video, we discuss the growing tensions surrounding Iraq’s new Prime Minister Ali al-Zaidi and the mounting pressure to disarm Iran-backed militants inside Iraq.

According to U.S. officials, Iraq’s future economic success and international stability may depend on reducing militia influence and strengthening central government control.

Iraq’s parliament recently approved parts of the new government, but major political disagreements continue over key cabinet positions.

Prime Minister al-Zaidi, Iraq’s youngest prime minister, now faces one of the most dangerous political balancing acts in modern Iraqi history. Will Iraq move toward greater stability and international cooperation — or will internal divisions delay progress even further?

For IQD investors, these developments matter because political stability, security, and international confidence remain critical factors tied to Iraq’s long-term economic future and any potential changes involving the Iraqi dinar.

Topics Covered:

• Iraq political news

• Iraqi dinar latest update

 • IQD investor concerns

• Iran-backed militants in Iraq

• Iraq parliament update

• U.S. and Iraq relations

• Iraq economic future

• Prime Minister Ali al-Zaidi

• Middle East geopolitical tensions

 • Iraq security situation

Please remember: all investments involve risk. This video is for informational and educational purposes only.

https://www.youtube.com/watch?v=RUp71HUpB0I

Seeds of Wisdom RV and Economics Updates Saturday Morning 5-16-26

Good Morning Dinar Recaps,

Oil Shock, Bond Market Stress, and De-Dollarization Pressures Reshape the Global Financial Order

Rising energy disruptions, inflation fears, and accelerating reserve diversification are forcing global markets to reassess the long-term stability of the dollar-centered financial system.

Overview

Today’s global financial environment is being shaped by a dangerous combination of energy supply instability, bond market stress, and growing international efforts to reduce reliance on the U.S. dollar.

With continued disruptions tied to the Strait of Hormuz, rising Treasury yields, and renewed discussions around de-dollarization, analysts increasingly warn that the world economy is entering a period of structural financial realignment rather than temporary volatility.

The pressure is now extending across currencies, commodities, sovereign debt markets, and central bank reserve strategies.

Key Developments

1. Oil Supply Fears Push Inflation Expectations Higher

Energy markets remain under severe pressure as concerns surrounding the Strait of Hormuz continue disrupting global trade flows.

• Oil prices surged again amid fears of prolonged shipping instability

• The U.S. Energy Information Administration reportedly expects Hormuz disruptions to continue through late May

• Analysts warn the crisis could remove millions of barrels per day from global supply

Researchers and economists increasingly believe the 2026 Iran conflict could become one of the most inflationary geopolitical shocks in decades.

2. Treasury Yields Spike as Markets Fear Persistent Inflation

Bond markets reacted sharply today as investors reassessed inflation risks.

• U.S. Treasury yields climbed to one-year highs

• Investors reduced expectations for near-term Federal Reserve rate cuts

• Rising oil prices are increasing fears of prolonged stagflation

The 30-year Treasury yield reportedly reached levels not seen since 2025, signaling growing concern over the long-term sustainability of debt markets under higher inflation conditions.

3. De-Dollarization Momentum Continues Expanding

Multiple reports released this week highlighted how geopolitical tensions are accelerating reserve diversification away from the dollar.

• Central banks continue increasing gold reserves

• BRICS nations are expanding local currency settlement systems

• Emerging economies increasingly view dollar dependence as a strategic vulnerability

Analysts noted that sanctions, trade wars, and financial restrictions are motivating countries to build alternative financial infrastructure outside the traditional Western system.

4. Gold and Commodities Strengthen as Financial Hedges

Gold and commodity markets remain strong as investors search for protection against inflation and currency instability.

• Gold remains near historic highs

• Commodities increasingly outperform traditional fixed-income assets

• Energy and hard assets are becoming preferred inflation hedges

Several economists noted that global reserve managers are shifting portions of sovereign reserves into gold and commodity-linked assets rather than concentrating exposure solely in U.S. debt markets.

5. Global Financial Fragmentation Accelerates

The broader concern now extends beyond temporary market volatility.

• Nations are increasingly prioritizing economic security over globalization

• Trade systems are becoming more regionalized and politically aligned

• Financial infrastructure is gradually splitting into competing blocs

Analysts described the current environment as a transition toward a more multipolar financial order, where competing payment systems, reserve strategies, and trade corridors coexist rather than operate under a single dominant framework.

Why It Matters

The combination of energy instability, inflation pressure, and de-dollarization efforts is reshaping the foundations of global finance.

For decades, low inflation, stable energy flows, and confidence in U.S. Treasury markets supported the modern financial system. Those assumptions are now being tested simultaneously.

As geopolitical conflicts increasingly affect oil flows, trade routes, reserve policies, and sovereign debt markets, central banks and investors are being forced to rethink long-term financial strategy.

Why It Matters to Foreign Currency Holders

Foreign currency holders are closely watching:

• Gold accumulation by central banks

• BRICS payment infrastructure development

• Reduced dependence on dollar settlement systems

• Rising sovereign debt concerns

• Inflation-driven weakening of fiat purchasing power

Many analysts believe the current environment favors nations and institutions holding diversified reserves tied to commodities, gold, and strategic trade assets.

Implications for the Global Reset

• Pillar 1: Financial System Transformation

Today’s developments continue reinforcing trends toward:

• De-dollarization

• Gold-backed reserve diversification

• Alternative settlement systems

• Commodity-linked trade structures

• Reduced dependence on Western banking channels

The growing strain on sovereign debt markets and reserve confidence is accelerating discussion about how the next generation of global finance may operate.

• Pillar 2: Geopolitical and Trade Realignment

Energy security and trade corridor control are becoming central to geopolitical strategy.

Nations are increasingly restructuring alliances, infrastructure, and trade partnerships around:

• energy resilience,

• supply chain security,

• strategic resources,

• and regional financial independence.

The result is a global system moving away from centralized globalization toward a more fragmented but strategically aligned economic order.

This is not just market volatility — it is the gradual restructuring of global finance, trade, and reserve power in real time.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Reuters – Treasury Yields Surge as Oil Prices and Inflation Data Rattle Markets

• Reuters – U.S. EIA Assumes Strait of Hormuz Disruptions Continue Through Late May

~~~~~~~~~~ 

🌱 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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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 Saturday Morning 5-16-26

The New Government's Approach Is To Transition From A Rentier Economy Model To A Productive Economy Model In A Progressive And Systematic Manner

Articles   Economy News – Baghdad   Dr. Aqeel Jabr Ali Al-Muhammadawi / Academic and Consultant 

Thinking about and theorizing about transitioning to a productive economy is not merely a purely governmental political orientation, an ideological approach of the executive authority, or a slogan to be merely touted. Rather, it is an inevitable and realistic necessity governed by data and assessments of the current situation, geopolitical risks, figures and indicators, and proactive analysis of the reality of declining federal budget revenues and the clear challenges to the determinants and capabilities of national economic growth in the current situation.

This necessitates economic restructuring and modernization with new, innovative, and unfamiliar pioneering models. Particular priority should be given to developing and presenting an advanced, proactive, and unfamiliar economic intellectual methodology that aligns with the directions and objectives of the organic transition to a productive economy, and with unique, advanced economic engineering models prepared both proactively and subsequently, to accelerate the process of a radical and firmly established structural transition. 

Modernization (from the French "modernize," meaning "to modernize") is generally understood as the process of introducing or implementing improvements that meet contemporary requirements. Furthermore, the consistency of this established understanding of modernization in economic literature can be explained by two interconnected aspects.

The vital and radical transition to a productive and innovative economy, the revitalization of the national economy, and the implementation of projects that affect employment growth and development - constitute a strategic approach to economic re-engineering to achieve intensive economic growth. 

Firstly, as a process of modernizing the social system as a whole, that is, the transition from a backward society exhausted by wars and crises to a new, more advanced society. For example, from a traditional (agricultural) or functional and public occupational society to an industrial, knowledge-based and innovative society, and from there to a post-industrial society.

 Secondly, as a process of fundamental structural transformations targeting the structure of the economy, it occurs in various areas of social life in their organic interconnectedness. 

In this regard, it is common to distinguish between social, political, cultural, ideological, and other forms of modernization. Naturally, economic modernization acquires particular structural importance.

 It should be noted that two understandings of economic modernization can be found in modern economic literature, one narrow and the other broad. 

Moreover, each has a dual interpretation, determined by a similar dual methodology. From the perspective of the techno-economic approach, in its narrow sense, the essence of this concept is reduced to the industrialization of the economy, whose historical starting point was the Industrial Revolution of the 18th and 19th centuries, which took place in the advanced European countries. 

In its broader sense, it refers to any qualitative and fundamental changes that occur in various sectors of the economy. 

From the perspective of political economy, economic modernization, in its narrow sense, refers to fundamental changes inherent in the forces of production. In its broad sense, it refers to such changes encompassing both the forces of production and the relations of production, as well as the institutions associated with them.

It aims to change the prevailing model from one that relies on raw materials, crude oil, or rentier economics to one based on creating real added value, with models prepared in advance and later in due course, increasing labor productivity, and developing the infrastructure, knowledge, and technology, which is available at the present stage, given the harnessing of all resources, capabilities, and capacities for this purpose. 

The radical transformations affecting all aspects of public life in the wake of recent tensions in the Middle East and the increasing instability and uncertainty have led to a renewed focus on choosing a unique new economic model to modernize the Iraqi economy within the context of contemporary realities.

 In this regard, studies emphasize the relationship between the traditional model inherited from the era of centralized rule—the "backward development" model—and the "advanced development" model.

 Based on this, the thesis that has become the most widely accepted in scientific circles is that the Iraqi economic development model based on raw materials has almost exhausted its potential. 

Therefore, the proposal to move to a catch-up development model, which Japan, then South Korea and some other countries, particularly in the Asia-Pacific region, have successfully implemented, seems very logical. 

The essence of this model lies in borrowing and transferring institutions and technologies that have proven successful in developed countries to national institutions.

While it is possible to borrow technologies or institutions primarily, the catch-up development model remains a viable and effective driver of tangible growth and development. China, for example, borrows modern technologies and adapts its national institutions to the new circumstances.

As for Iraq, it is natural that the catch-up development model requires fundamental adjustments and an economic methodology that aligns with the nature of modernization and the transition to a productive economy, along with appropriate plans and strategies.

The experiences of Japan and China are not merely meant to serve as models to be emulated, but rather as strategic pathways for catch-up development.

Advanced development, but in specific and limited areas, as is the case in Iraq, is not a substitute for regressive development. The difference is clear: regressive development must be pursued comprehensively in almost all areas, while advanced development should be pursued in very limited areas. 

Therefore, we should proceed from the premise that modernization, under contemporary conditions, can encompass both post-industrialization and alternative modernization, and can also occur in a distorted form. Reducing it to mere standardized manufacturing does not bode well at present. 

However, it is important to bear in mind that the modern economy is still industrial in its essence, and Iraq urgently needs an advanced strategic vision and innovative and productive development that goes beyond crisis management and gap-filling, and beyond the usual theoretical diagnostic approach in preparing strategies, methodologies, and plans. 

The consolidation of innovative thinking and post-industrial innovations, as a general rule, requires industrial support or depends directly on a growing industrial and innovative base. Moreover, industrial innovations themselves still play a vital role in the modern economy.

 "Abstract" post-industrialism, despite its apparent appeal, carries the risk of seriously distorting modernization—both in the scientific and practical sense.

This also applies directly to the Iraqi economy. The objective need to modernize it is driven by internal and external factors, as well as other reasons.

The Most Important Internal Factors Are:

1) The crisis situation that the Iraqi economy is going through, as a result of the fragility of the liberal market capitalism model, which the country quickly transitioned to after the political transition on 9/3/2003;

2) Consolidating the narrow specialization of Iraq’s economy in raw materials within the global capitalist economy, which negatively affects the structural and systemic transformation of the local economy in light of contemporary reality;

3) A significant decrease in the value of fixed assets, inevitably leading to the destruction of the economic material and technical base, stagnation, and deterioration;

4) Weak application of advanced scientific and technological developments in various sectors of the economy (except for defense and security industries, etc.), which hinders its transition to an innovative development path;

5) A severe shortage of highly qualified personnel in key sectors of the Iraqi economy, resulting in decreased productivity. 

6) A significant decline in investment in fixed capital and a lack of regulation of the real and parallel economy, which hinders economic recovery and sustainable growth;

7) The continuation of bureaucratic monopoly and the exacerbation of corruption (in the absence of a mature civil society) in light of the fragility of the economic system and non-compliance with the provisions of the Competition and Anti-Monopoly Law for multiple reasons, most notably the weakness of the system to incline or implement the force of the law, which prevents the possibility of rapid development of Iraqi entrepreneurship and effective interaction between the state and the business sector;

8) A sharp increase in social and economic disparities between different segments of society, which threatens the stability of Iraqi society;

9) The low efficiency of the existing economic management system, which was established on a liberal doctrine focused on applying free market principles that, in the context of private markets, somewhat conflict with semi-centralized management decisions. This underscores the importance of activating competition regulation in markets and products under Competition and Anti-Monopoly Law No. 14 of 2010. 

It is important to note that the factors mentioned above do not operate in isolation from each other, but rather within their overall unity. 

Understanding this unit requires a sound scientific concept of socio-economic development in Iraq. Unfortunately, it must be acknowledged that this concept has not yet been developed (despite the numerous different versions published in recent years).

We believe the difficulty lies in the following: to address this issue, it is essential to first understand the basic patterns of development in both the global and local economies. 

Secondly, a clear understanding of the methodology for developing this concept and its structure, with the last section to be dedicated to the main trends for modernizing the Iraqi economy and its development prospects; 

 Third, the distinction between this concept and the Iraqi economic development strategy, as is evident not only from scientific publications, but also from the various programs adopted by the Iraqi government. 

At the same time, any strategy (including the proposed economic strategy to be organized in the new government) is developed on the basis of appropriate concepts, models and purposeful objectives.

The transition to a production-intensive economy requires the following: 

- Shifting the focus from broad growth (increasing the number of workers) to qualitative improvements in production (increasing labor productivity - return per worker). 

 - Technological update: 

Accelerating the application of advanced technologies (artificial intelligence, autonomous systems, and digital platforms) in industries and the social sphere, as outlined in the Economic Development Guidelines 2026. 

 - Structural restructuring: 

Any increase in the share of high-tech and efficient industries that ensures GDP growth while reducing overall labor costs.

- At this stage, the national economy should also be revived by: 

- Supporting demand: The recovery of business activity is stimulated by rising household incomes and easing monetary policy (the Central Bank of Iraq points to signs of this recovery at the beginning of January 2026). 

- Sector whitewashing: Implementing plans to remove certain sectors of the economy from the circle of concealment in order to increase the tax base. 

- Investment cycle management: Considering the impact of monetary policy on the investment cycle to stimulate growth at potential rates.

 — The relationship to employment and job creation (2026): 

- Improving the quality of employment: Moving from informal or low-productivity work to work in advanced technology sectors. 

- Human Resources Management: Implementing retraining programs to meet the new labor market requirements.

The shift from a rentier economy to a productive economic model necessitates a paradigm shift: from growth based on resource exploitation (exporting raw materials) to growth based on efficiency, innovation, and increased labor productivity. The following is a comprehensive methodology for implementing this shift, based on an analysis of key factors: 

Key trends in transformation: 

Technological modernization: The transition to the fifth technological paradigm (robotics, information technology) and the sixth (nanotechnology, biological, and cognitive technologies). 

The innovation economy involves the widespread adoption of innovations, the establishment of knowledge-intensive industries, and the development of human capital as the primary resource. It is crucial to establish this model in Iraq to invest in knowledge and modern technologies, and to utilize available human resources and the necessary infrastructure. 

Circular economy: A renewable model that reduces waste and improves resource utilization (moving away from linear "consume and dispose" thinking). 

 Structural transformation: diversifying the economy, reducing dependence on the raw materials sector, and developing high-tech industries. 

- Key implementation mechanisms: 

1- Investing in people: Education, science and health care become the basis of productivity, transforming from expenditure items into sources of economic capital. 

2- Public-private partnerships: Combining market mechanisms with government support for vital industries and infrastructure. 

3- Digitalization of operations: Implementing digital platforms to improve logistics, production, and consumption. 

Transformation management approaches. 

There are two main approaches to implementing the transformation: 

 - The central approach: Adopting a unified national strategy, which is available for major strategic projects that boost the national economy and create significant job opportunities, especially in petrochemical, oil, refinery and gas projects (as is the case in the European Union, China and Japan). 

- The decentralized approach: Implementing initiatives at the city, regional, or individual business model level, which is available for entrepreneurship, development, and achieving real growth in GDP (as is the case in the United States and Canada).

 Characteristics of the transitional phase: Institutional changes: 

The old institutions based on direction or raw material economies are being replaced by market and innovation institutions, and this requires a revolution in the restructuring and engineering of existing institutional structures. 

Sustainable development: Implementing the Sustainable Development Goals, particularly rational production and consumption patterns. This transformation is not merely about technological change, but a shift in the socio-economic system, focusing on long-term sustainability and the creation of new value, while establishing the principles of innovative development. 

This approach aims to ensure sustainable development and the comprehensive revival of the real economic sector, and to stimulate and activate domestic economic actors, through projects with a direct impact on employment, sustainable development, innovative development, value-added creation, and income growth, despite the slowdown in GDP growth (expected at 0.5-2.5% for 2026, according to the scenario).

https://www.economy-news.net/content.php?id=69059

Seeds of Wisdom RV and Economics Updates Friday Afternoon 5-15-26

Good Afternoon Dinar Recaps,

Trump-Xi Summit Fails to Calm Markets: Strategic Rivalry Continues Reshaping Global Financial Order

Chinese markets fall as investors conclude the summit produced stability talks rather than meaningful economic breakthroughs

The latest Trump-Xi summit reinforced a growing reality in global finance: the United States and China are no longer simply economic partners, but strategic competitors managing an increasingly fragile coexistence.

 OVERVIEW (KEY POINTS)

Global markets reacted cautiously after the highly anticipated summit between President Donald Trump and Chinese President Xi Jinping concluded without major breakthroughs on trade, technology restrictions, or geopolitical disputes.

Chinese equity markets fell sharply as investors reassessed expectations that the meeting might produce a more comprehensive economic reset between the world’s two largest economies.

While both leaders emphasized stability and continued dialogue, the absence of concrete agreements involving tariffs, semiconductor restrictions, rare earth exports, and Taiwan reinforced concerns that structural tensions remain unresolved.

The broader implication is significant for the global financial system. Markets increasingly view U.S.-China relations not as a pathway toward deeper globalization, but as a long-term geopolitical rivalry shaping trade, currencies, technology, and global investment flows.

KEY DEVELOPMENTS

1. Chinese Markets Decline After Summit

Investors reacted negatively to the lack of major agreements.

• CSI 300 and Shanghai Composite indexes both fell more than 1%

• Traders expected progress on tariffs and technology restrictions

• Markets viewed the summit as symbolic rather than transformational

2. Technology Competition Remains Unresolved

Semiconductors and AI continue driving strategic tensions.

• No major movement on U.S. export controls involving advanced chips

• China remains central to global rare earth supply chains

• Competition over artificial intelligence and advanced manufacturing intensified concerns

3. Taiwan Continues to Pressure Relations

Taiwan remained one of the summit’s most sensitive issues.

• Xi reportedly warned against actions destabilizing cross-strait relations

• Washington continues supporting Taiwan’s defense capabilities

• Markets remain concerned over long-term military tensions in Asia

4. Energy and Iran Discussions Reflect Global Instability

The summit also focused on broader geopolitical risks.

• Both sides discussed keeping the Strait of Hormuz open to shipping

• Middle East tensions continue impacting oil prices and inflation expectations

• China and the U.S. remain divided over broader Iran strategy

 5. Fragile Stability Replaces Expectations of a Reset

Analysts described the summit as an exercise in managing tensions rather than resolving them.

• Investors remain concerned over trade imbalances and sanctions

• National security increasingly shaping economic policy decisions

• Diplomatic communication improved, but structural rivalry remains intact

WHY IT MATTERS

The market response reflects a major shift in investor thinking about the global economy.

In previous decades, summits between U.S. and Chinese leaders often fueled optimism surrounding globalization and deeper economic integration. Today, markets increasingly expect competition, fragmentation, and strategic decoupling instead.

This matters because the United States and China remain deeply interconnected across trade, finance, technology, energy, and manufacturing. Prolonged instability between them affects nearly every major sector of the global economy.

The summit may have reduced short-term fears of escalation, but investors appear increasingly focused on the larger structural competition now shaping the international financial system.

WHY IT MATTERS TO FOREIGN CURRENCY HOLDERS

• Dollar and yuan volatility

• Technology restrictions could reshape global capital flows

• Commodity and energy markets remain vulnerable to U.S.-China rivalry

• Safe-haven assets like gold may continue benefiting from uncertainty

IMPLICATIONS FOR THE GLOBAL RESET

• Pillars 1:  Financial system transformation 

The summit reinforced the growing divide between economic interdependence and geopolitical competition, accelerating the shift toward regionalized trade and investment systems.

• Pillar 2: Financial Power Is Becoming Strategic Power

Trade policy, semiconductor access, rare earth supplies, and currency influence are increasingly being used as geopolitical tools rather than purely economic instruments.

 CONCLUSION

The Trump-Xi summit succeeded in preserving communication between the world’s two largest powers, but it did little to resolve the deeper structural tensions driving global uncertainty.

Markets were looking for concrete signs of long-term stability. Instead, they received confirmation that strategic rivalry remains the defining feature of U.S.-China relations.

As technology competition, trade disputes, energy security, and geopolitical influence become increasingly intertwined, future market volatility tied to Washington and Beijing is likely to remain persistent.

The global financial reset is no longer being shaped solely by economics — it is being driven by the strategic competition between competing centers of global power.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Modern Diplomacy — "China Markets Fall After Trump-Xi Summit Delivers Few Concrete Breakthroughs"

• Reuters — "Trump and Xi Seek Stability but Key Trade Issues Remain Unresolved"

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Thank you Dinar Recaps

Iraq News Posted by Tishwash at TNT 5-15-2026

TNT:

Tishwash:  The US envoy congratulated al-Zaidi: Trump is fully prepared to work with you and your government.

US Special Envoy Tom Barrack congratulated Iraqi Prime Minister Ali al-Zaidi on Thursday on his government winning a vote of confidence in parliament. Barrack said in a statement: "We congratulate Iraqi Prime Minister Ali al-Zaidi on receiving the confidence of parliament and the approval of his government by the Council of Representatives."

  He added: "We are encouraged by your new leadership and look forward to working with you to develop an ambitious agenda that aligns with our shared interests: building a sovereign, prosperous, and stable Iraq that lives in peace with its neighbors and provides opportunities and growth for all its citizens in a productive partnership with the United States." 

 He noted that "President Trump, Secretary Rubio, and the United States are fully prepared to work closely with you and your government to achieve our shared goals of prosperity for the Iraqi people and the defeat of terrorism, which has long been an obstacle to their progress."  link

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Tishwash:  Al-Zidi's government wins the confidence of the House of Representatives and takes the constitutional oath

The House of Representatives granted confidence to the government of Prime Minister Ali al-Zidi on Thursday during a voting session attended by 270 members of parliament. The Prime Minister and the ministers who were voted on took the constitutional oath, signaling the official start of the new government's duties.

The House of Representatives voted on 14 out of 23 ministries, namely:

14 ministerial portfolios in Ali al-Zaidi's government have gained the confidence of parliament, with the remaining appointments postponed until after Eid al-Adha.

1- Voting unanimously for Faleh Al-Sari as Minister of Finance.

2- Voting by an absolute majority on Basim Muhammad Khudair as Minister of Oil.

3- Voting by an absolute majority for Mohammed Nouri Ahmed as Minister of Industry.

4- Voting by an absolute majority for Ali Saad Wahib as Minister of Electricity.

5- Voting by an absolute majority for Abdul-Hussein Aziz as Minister of Health.

6- Voting by an absolute majority for Sarwa Abdulwahid as Minister of Environment.

7- Voting by an absolute majority for Abdul Rahim Jassim as Minister of Agriculture. 

8- Voting by an absolute majority for Mustafa Nizar Jumaa as Minister of Trade.

9- Voting by an absolute majority for Khalid Shawani as Minister of Justice.

10- Voting by an absolute majority on Abdul Karim Abtan as Minister of Education.

11- Voting by an absolute majority to appoint Wahab Salman Mohammed as Minister of Transport.

12- Voting by an absolute majority for Fuad Hussein as Minister of Foreign Affairs.

13- Voting by an absolute majority for Mustafa Jabbar Sand as Minister of Communications.

14- Voting by an absolute majority for Muthanna Ali Mahdi as Minister of Water Resources.

The remaining portfolios are scheduled to be voted on after the Eid al-Adha holiday, and include the ministries of: Interior, Defense, Labor and Social Affairs, Immigration and Displacement, Reconstruction and Housing, Planning, Culture, Education, Youth and Sports, in addition to the deputy prime ministers. link

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Tishwash:  Al-Zaydi: Economic reform, arms control, and e-governance are our government's top priorities.

 Prime Minister Ali Faleh al-Zaidi announced his government's priorities on Thursday, while also calling on diplomatic missions to resume their work in Baghdad. The Prime Minister's Media Office stated in a press release received by Mawazin News that "Ali al-Zaidi reviewed the new government's ministerial program, emphasizing its determination to fulfill the aspirations of the Iraqi people, placing the citizen's interest among its top priorities." According to the statement, al-Zaidi said, "The path to reform begins from within by confronting corruption and administrative inefficiency."

He indicated that he would face the challenges based on his belief in the capabilities and patience of the Iraqi people, transforming crises into opportunities and setbacks into milestones in making a difference to enhance services, build robust institutions, and propel Iraq towards e-governance and e-government. Al-Zaidi outlined his steps in "three tracks: first, economic reform and development through economic diversification, genuine investment, and a sound financial and banking system; second, social development, establishing social justice, caring for the most vulnerable groups, protecting children, and empowering women; and third, reforming the security apparatus by monopolizing weapons in the hands of the state, strengthening the capabilities of the security forces, and consolidating their authority." The citizen's trust in democracy."

He noted that "Iraq, with its deep-rooted civilization, human and cultural diversity, and the supreme religious authority it represents, qualifies us to stand and restore the government's standing." He called on all diplomatic missions to "return to their work in Baghdad," and expressed his gratitude to the government of Mohammed Shia' al-Sudani.  link

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Tishwash:  Al-Zurfi and Zebari in Washington... and discussions about Iraq at the Atlantic Council

 Photos published on the sidelines of the events documented the presence of the head of the Alternative Alliance, Adnan al-Zurfi, and the former Iraqi Foreign Minister, Hoshyar Zebari, at the Atlantic Council seminar held in the American capital, Washington, whose discussions focused on the Iraqi issue. National Security Advisor Qasim al-Araji is expected to join them, as the Atlantic Council announced his participation in the “Iraq Dialogue 2026”.

Earlier, the Atlantic Council announced a visit to Washington by Iraqi National Security Advisor Qasim al-Araji to participate in a major conference entitled “Iraq Dialogue 2026.” Victoria Taylor, a former State Department official who has been in intensive contact with Baghdad recently, said that this occasion is “direct contact between senior Iraqi officials and policymakers in the United States, at a sensitive moment” in the relationship between Baghdad and the US administration. She also announced that participation in the dialogue is open via a registration link.

Victoria Taylor, who now serves as the director of the Iraq Initiative at the Atlantic Council, explained in a post on the X platform, translated by 964 Network , “We are pleased to welcome Qasim al-Araji, the National Security Advisor of the Republic of Iraq, to ​​the Iraq 2026 Dialogue, which will be held in Washington, D.C.”

She added that “his participation reflects the role the conference plays as a high-level platform for direct communication between senior Iraqi officials and policymakers in the United States, at a sensitive moment in bilateral relations.”  link