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Seeds of Wisdom RV and Economics Updates Wednesday Evening 5-20-26
Good Evening Dinar Recaps,
Xi and Putin Deepen Strategic Alliance as Global Power Blocs Continue Realigning
China and Russia moved closer on energy, trade, and geopolitical coordination during high-level summit talks in Beijing, reinforcing the accelerating shift toward a multipolar world order.
Good Evening Dinar Recaps,
Xi and Putin Deepen Strategic Alliance as Global Power Blocs Continue Realigning
China and Russia moved closer on energy, trade, and geopolitical coordination during high-level summit talks in Beijing, reinforcing the accelerating shift toward a multipolar world order.
Overview
Chinese President Xi Jinping and Russian President Vladimir Putin held major summit talks in Beijing today centered on expanding long-term cooperation in energy, trade, and strategic coordination.
The meeting comes at a pivotal moment for the global economy as nations increasingly reposition themselves amid rising geopolitical fragmentation, sanctions pressure, supply chain realignment, and growing instability in energy markets.
The summit also carried major symbolic importance because it followed closely after President Donald Trump’s recent visit to Beijing, highlighting China’s emerging role as a central diplomatic and economic power capable of engaging multiple rival blocs simultaneously.
Key Developments
1. China and Russia Reaffirm Strategic Partnership
Xi and Putin both emphasized the strength of the China-Russia relationship, describing their partnership as a stabilizing force in an increasingly fragmented global system.
Xi called for a more balanced international order and greater cooperation outside traditional Western-led structures, while Putin praised the growing political trust between Moscow and Beijing.
The summit reinforced that both nations continue strengthening ties in response to ongoing tensions with the United States and broader Western alliances.
The relationship increasingly extends beyond diplomacy into finance, energy security, industrial cooperation, and long-term geopolitical coordination.
2. Energy Cooperation and Power of Siberia 2 Move to the Forefront
One of the most important topics discussed was the proposed Power of Siberia 2 pipeline, which would dramatically expand Russian natural gas exports to China.
The project is viewed as strategically critical for Moscow as Russia continues redirecting energy exports away from Europe following years of sanctions and political confrontation tied to the Ukraine conflict.
If completed, the pipeline could transport up to 50 billion cubic meters of natural gas annually from Russia’s Arctic gas fields into China through Mongolia.
Energy cooperation between both countries is becoming increasingly important as instability in the Middle East and Strait of Hormuz continues disrupting global energy markets.
3. China Expands Its Influence as a Global Power Broker
The diplomatic optics surrounding the summit were closely watched internationally.
By hosting both Trump and Putin within days of each other, Beijing demonstrated its growing ability to position itself at the center of global diplomacy during a period of rising geopolitical fragmentation.
Chinese media portrayed the meetings as evidence of China’s growing leadership role in shaping the future global order.
Analysts noted that Beijing increasingly seeks to balance relationships with rival powers while simultaneously strengthening its own long-term strategic leverage.
4. Trade and Financial Realignment Continue Accelerating
China and Russia also discussed expanding bilateral trade, investment cooperation, and long-term economic integration.
Although trade growth slowed last year, both countries are now seeking to deepen partnerships across:
energy,
infrastructure,
manufacturing,
financial systems,
and strategic commodities.
The broader trend reflects accelerating efforts among major powers to reduce vulnerability to Western sanctions, diversify trade systems, and strengthen regional economic alliances.
Many analysts view the China-Russia partnership as one of the central pillars of the emerging multipolar economic system.
Why It Matters
Today’s summit highlights how global power structures continue evolving away from the highly centralized Western-led economic system that dominated previous decades.
The world is increasingly shifting toward competing regional alliances built around:
energy security,
trade corridors,
strategic resources,
industrial policy,
and financial independence.
China and Russia are positioning themselves as long-term partners within that transition.
Why It Matters to Foreign Currency Holders
For foreign currency holders and global reset observers, the summit reinforces several major trends:
the rise of multipolar economic structures,
expanding non-Western trade cooperation,
growing efforts to reduce exposure to sanctions,
and increasing alignment between major commodity-producing nations.
The deepening China-Russia relationship also supports ongoing discussions surrounding alternative payment systems, reserve diversification, and reduced dependence on traditional Western financial channels.
Implications for the Global Reset
Pillar 1: Multipolar Economic Realignment
China and Russia continue building deeper economic structures outside traditional Western-centered systems.
Pillar 2: Energy-Based Strategic Alliances
Long-term energy agreements are becoming foundational to geopolitical influence and financial stability.
Pillar 3: Sanctions Resistance and Trade Diversification
Nations facing Western pressure are increasingly creating parallel trade and financial relationships to reduce vulnerability.
Pillar 4: Global Governance Transition
China is increasingly positioning itself as a central diplomatic and economic mediator in the evolving international order.
The Beijing summit reflects a broader transformation where energy, trade, and geopolitics are converging into a new global power structure.
Seeds of Wisdom Team
Newshounds News™ Exclusive
Sources
Reuters — "Putin, Xi deepen ties as Russia seeks China support amid Western pressure"
Modern Diplomacy — "Xi and Putin Strengthen China Russia Partnership With Energy and Trade in Focus"
~~~~~~~~~~
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Seeds of Wisdom RV and Economics Updates Wednesday Afternoon 5-20-26
Good Afternoon Dinar Recaps,
China Tightens Grip on Rare Earths as U.S. Supply Chain Vulnerabilities Deepen
Beijing’s defense of rare earth export controls is intensifying concerns over global supply chains, industrial security, and the future balance of economic power.
Good Afternoon Dinar Recaps,
China Tightens Grip on Rare Earths as U.S. Supply Chain Vulnerabilities Deepen
Beijing’s defense of rare earth export controls is intensifying concerns over global supply chains, industrial security, and the future balance of economic power.
Overview
China has reaffirmed that its rare earth and critical mineral export controls are both legal and necessary, while signaling limited willingness to cooperate with the United States on supply chain concerns.
The announcement comes as global industries increasingly struggle with shortages and uncertainty surrounding access to strategic minerals essential for defense systems, semiconductors, electric vehicles, aerospace manufacturing, and advanced energy technologies.
The issue is becoming far more than a trade dispute. It now reflects the broader geopolitical struggle between the world’s two largest economies over industrial dominance, technological leadership, and long-term control of critical supply chains.
Key Developments
1. China Defends Rare Earth Export Restrictions
China’s Ministry of Commerce stated today that the country’s export controls on rare earth materials are fully consistent with Chinese law and are intended to safeguard national security and economic interests.
The restrictions, first expanded during escalating trade tensions with Washington, remain in effect despite recent diplomatic discussions between both nations.
Chinese officials emphasized that exports for approved civilian purposes may still be reviewed and authorized, but Beijing made clear the controls themselves are not being removed.
The announcement reinforces China’s growing willingness to use critical minerals as a strategic economic lever in global negotiations.
2. The United States Faces Growing Supply Chain Pressure
U.S. officials continue expressing concern over restricted access to rare earth materials such as yttrium, scandium, dysprosium, and terbium, all of which are essential for advanced manufacturing and military applications.
These materials are critical for:
jet engines,
missile guidance systems,
electric vehicles,
wind turbines,
AI infrastructure,
semiconductors,
and power generation technologies.
American manufacturers have warned that prolonged supply disruptions could increase production costs, delay industrial projects, and weaken competitiveness in key strategic industries.
The situation highlights a growing vulnerability within Western supply chains that remain heavily dependent on Chinese mineral processing capacity.
3. Rare Earths Are Emerging as a New Economic Weapon
China currently dominates much of the global rare earth refining and processing market, giving Beijing enormous influence over industries tied to modern technology and energy systems.
Analysts increasingly view rare earth access as comparable to oil leverage during previous geopolitical eras.
Rather than using tariffs alone, countries are now competing through:
export controls,
industrial policy,
technology restrictions,
and supply chain realignment.
This marks a major transition away from the highly globalized economic environment that dominated previous decades.
4. Managed Cooperation Masks Deeper Strategic Competition
Despite the tensions, both Washington and Beijing signaled interest in maintaining dialogue to avoid a full-scale supply chain breakdown.
Recent trade discussions suggest both sides recognize the risks of uncontrolled escalation, especially given how interconnected the global economy remains.
However, behind the diplomacy, both nations continue accelerating long-term strategies designed to reduce dependence on one another.
The United States is investing heavily in domestic mining and alternative supply chains, while China continues strengthening control over critical resources and industrial infrastructure.
Why It Matters
The rare earth dispute reflects a much larger transformation underway in the global economy.
The world is moving away from an era driven primarily by low-cost globalization and toward one increasingly shaped by:
strategic resource competition,
national security priorities,
industrial self-sufficiency,
and geopolitical economic blocs.
Critical minerals are now becoming central to economic power in much the same way oil shaped global influence throughout the twentieth century.
Why It Matters to Foreign Currency Holders
For foreign currency holders and global reset observers, today’s developments reinforce several major trends:
nations are increasingly weaponizing trade and resources,
global supply chains are fragmenting,
industrial policy is replacing pure free-market globalization,
and strategic commodities are becoming more politically controlled.
As nations compete for control over energy, minerals, and technology infrastructure, the global financial system may continue shifting toward a more fragmented and multipolar structure.
Implications for the Global Reset
Pillar 1: Strategic Commodity Control
Rare earth minerals are becoming a foundational pillar of geopolitical and economic leverage in the modern era.
Pillar 2: De-Globalization Accelerates
Supply chain fragmentation is accelerating as nations prioritize security and self-sufficiency over maximum efficiency.
Pillar 3: Industrial Realignment
Countries are increasingly redesigning industrial systems around domestic resilience and trusted alliances rather than global interdependence.
Pillar 4: Multipolar Economic Competition
The U.S.-China rivalry is accelerating the transition toward competing economic spheres with separate supply chains, financial networks, and strategic priorities.
Control over critical resources is rapidly becoming one of the defining power struggles of the emerging global financial order.
Seeds of Wisdom Team
Newshounds News™ Exclusive
Sources
~~~~~~~~~~
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Iraq News Posted by Tishwash at TNT 5-20-2026
TNT:
Tishwash: Al-Alaq: No US embargo on Iraqi funds; meeting expected with the Federal Reserve and the Treasury Department
Central Bank Governor Ali Al-Alaq confirmed that there is no intention to devalue the Iraqi dinar against the US dollar.
Speaking to a group of journalists and experts, Al-Alaq said, "We will help the government overcome the repercussions of any potential closure of the Strait of Hormuz by discounting treasury bonds and ensuring the payment of salaries."
TNT:
Tishwash: Al-Alaq: No US embargo on Iraqi funds; meeting expected with the Federal Reserve and the Treasury Department
Central Bank Governor Ali Al-Alaq confirmed that there is no intention to devalue the Iraqi dinar against the US dollar.
Speaking to a group of journalists and experts, Al-Alaq said, "We will help the government overcome the repercussions of any potential closure of the Strait of Hormuz by discounting treasury bonds and ensuring the payment of salaries."
He indicated that "the banking reform file is receiving direct attention from the Prime Minister. A meeting is expected in the coming days with the Federal Reserve and the US Treasury Department."
Al-Alaq continued, "We invest our cash reserves in several countries, and there are no US sanctions on Iraqi funds."
He added, "Most banks have reached the stage of mergers or liquidation, and only one or two banks remain that are unable to continue operating." link
************
Tishwash: The Minister of Finance discusses with the Speaker of Parliament files related to financial and administrative reform.
Finance Minister Faleh al-Sari acknowledged the growing financial challenges facing Iraq in light of changes related to energy markets and declining oil exports.
This is accompanied by a decline in revenues, which requires concerted efforts and support for measures that will secure the state’s financial obligations.
This came during his meeting with the Speaker of Parliament, Hebat al-Halbousi, where a number of files related to financial and administrative reform were discussed.
Al-Sari stressed the need to enact legislation and amend a number of laws, in order to support the paths of financial reform.
For his part, Al-Halbousi expressed his support for the government's efforts in dealing with the complex financial situation the country is going through. link
************
Tishwash: Advisor to the Association of Banks: Proposes to the government an institutional and structural reorganization of the management of finance, oil, investment and development
On the occasion of the new government assuming the leadership of Iraq in extremely complex economic and financial circumstances, and suffering from a clear liquidity crisis, the primary cause of which is the reliance on oil as a primary source of the general budget and the inability of the Ministry of Oil to secure the necessary export channels to continue exporting after the closure of the Strait of Hormuz.
In an interview with "Economy News," Samir Al-Nassiri, advisor to the Association of Iraqi Private Banks, suggested to the government, as it begins its first hundred days in office, that it should restructure and reorganize its economic files and sectors in finance, oil, investment and development by setting strategic goals to overcome the effects of the economic and financial crisis and absorb its repercussions in the short and long term.
Al-Nassiri called for strengthening the Financial Stability Council with advisors with expertise in fiscal policy, monetary policy, strategic planning and crisis management, and establishing an operations room to manage the oil sector, and in particular the management of the affairs of the Ministry of Oil, headed by the Prime Minister and with the membership of executive representatives from the Ministries of Finance and the Central Bank and specialized advisors, and following up on the procedures of the Ministry of Oil and SOMO, which are considered responsible for their inability to seek to secure external export channels to continue and sustain our oil exports after the closure of the Strait of Hormuz, which greatly harmed our national economy.
He pointed to the necessity of establishing the Supreme Council for Investment and Development, chaired by the Prime Minister and with the membership of the Ministries of Finance, Planning, Housing and Reconstruction, the Central Bank, the Head of the National Investment Commission, a representative of the Private Sector Development Council, and the Head of the Contractors Union.
The Council would be responsible for drawing up the investment map for the country in all economic sectors and involving the private sector in financial financing and implementation processes with the participation of private capital and with sovereign government guarantees and protection of laws that reassure the private sector, with the aim of achieving a real transition from the old economy to a market economy. link
*************
Tishwash: Political agreement will facilitate the passage of the oil and gas bill
Political agreement will facilitate the passage of the oil and gas bill
The Iraqi parliament will soon put the oil and gas bill on its agenda, an Iraqi lawmaker said: political understanding and agreement has been reached between most of the parliamentary factions The passage of the bill is considered a nerve of stability, as it is a political and economic issue.
The problems are being solved
"The oil and gas law will be submitted to parliament soon because it is a preliminary agreement between them," Adel Mahlawi, a member of the Taqadoom faction in the House of Representatives, told Sabah newspaper There are political parties.
"Prime Minister Ali Zaydi has expressed his readiness to complete the bill because it is very important and has an economic and service dimension," he said.
"Some of the bills still need national agreement, including the oil and gas bill, but the oil and gas bill gives the provinces a wider opportunity to manage their own affairs and organize it," he said Relationship between the federal government and oil-producing provinces.
Delays in oil exports will hurt Iraq
Meanwhile, Ola al-Nashi, a member of the Oil and Gas Committee in the Iraqi parliament, said: "We have sent an official letter to the Ministry of Oil in order to take advantage of all these opportunities The move comes after changes in the Arabian Gulf that have affected ship movements There were oil fields.
"The oil issue is the backbone of Iraq's economy. Any delay in oil exports or disruption of export lines will directly affect the state's gross revenue," he said.
Export statistics during the conflict
According to the Iraqi Oil Marketing Company (SOMO), about 21 Iraqi oil ships carrying 27 million 678 thousand barrels of oil were disrupted in the Gulf due to tensions in the Strait of Hormuz In March and April, eight ships completed the loading and transit of 9 million 765 thousand 797 barrels of oil He had carried it.
Three other ships carrying 4 million 886 thousand 786 barrels of oil were able to pass during the crisis.
Finally, Al-Nashi stressed that parliament will continue to follow the measures of the Ministry of Oil and SOMO to protect Iraqi oil exports and prevent the loss of economic opportunities, in order to support the budget and provide it Financial entitlements of the country.
He called on the oil ministry to take this development seriously, as it is a political and economic issue and not just a technical issue. link
************
Tishwash: An economist explains the factors controlling the dollar exchange rate in the parallel market.
Economic expert Salah Nouri confirmed on Tuesday that the exchange rate of the dollar in the parallel market is subject to several internal and external factors, most notably supply and demand and liquidity conditions in the market.
Nouri said, “The exchange rate of the dollar in the parallel market depends on supply and demand, and this equation is affected by multiple internal and external factors.” He explained that “the demand for dollars by some traders who do not deal with the external transfer system of the Central Bank of Iraq is affected by the rise in global commodity prices and weak purchasing power.”
He added that "the supply of dollars in the parallel market is limited, and is often linked to a commercial tendency among those who possess the currency for the purpose of selling or speculation," noting that "the liquidity crisis and fears of paying the salaries of employees and retirees also affect the movement of the market and their ability to purchase imported goods."
Nouri explained that "changing the dollar exchange rate is one of the tasks of the Central Bank of Iraq, in accordance with its monetary policy and in coordination with the Ministry of Finance, which is responsible for fiscal policy," noting that "this file has not been fully clarified within the new ministerial formation." link
Seeds of Wisdom RV and Economics Updates Wednesday Morning 5-20-26
Good Morning Dinar Recaps,
Global Debt Fears, Currency Pressure, and Energy Shocks Push Financial System Toward a New Stress Point
Surging bond yields, weakening emerging market currencies, and persistent oil volatility are intensifying concerns about the stability of the global financial system.
Good Morning Dinar Recaps,
Global Debt Fears, Currency Pressure, and Energy Shocks Push Financial System Toward a New Stress Point
Surging bond yields, weakening emerging market currencies, and persistent oil volatility are intensifying concerns about the stability of the global financial system.
Overview
Today’s financial headlines reveal a growing convergence of pressures impacting the global economy at once: rising sovereign debt costs, inflation fears, currency instability, and geopolitical disruption tied to energy markets.
Global bond markets are experiencing another wave of selling as investors increasingly fear that prolonged oil shocks and geopolitical instability could force central banks to keep interest rates elevated much longer than expected.
At the same time, emerging market currencies — particularly among major BRICS economies — are coming under severe strain as capital flows move back toward the U.S. dollar and Treasury markets.
The developments are reinforcing broader concerns surrounding the long-term sustainability of the current debt-based monetary system and accelerating discussions around a potential global financial reset.
Key Developments
1. Global Bond Yields Continue Surging Across Major Economies
Government bond yields climbed again today across the United States, Europe, Japan, and the United Kingdom as investors demanded higher returns to offset inflation and geopolitical risks.
The U.S. 30-year Treasury yield recently surged above 5.1%, its highest level since before the 2008 financial crisis, while Japanese and European yields also reached multi-decade highs.
Markets are increasingly worried that rising oil prices and supply disruptions tied to the Iran conflict could trigger another prolonged inflation cycle, limiting central banks’ ability to cut rates.
Analysts warned that higher borrowing costs could create enormous strain for governments already carrying historically high debt loads.
2. BRICS and Emerging Market Currencies Face Mounting Pressure
The Indian rupee hit a new record low near 97 per U.S. dollar today as oil prices and rising Treasury yields intensified stress on emerging market currencies.
Indonesia’s rupiah also remains under heavy pressure despite central bank intervention measures.
Investors are increasingly pulling capital toward U.S. dollar assets as rising yields and geopolitical instability reduce appetite for emerging market risk.
The situation highlights a growing contradiction in the global system:
while BRICS nations continue discussing de-dollarization strategies, many developing economies remain highly vulnerable to dollar strength, oil pricing, and external debt pressures.
3. Oil Markets Remain the Central Driver of Financial Instability
Oil prices stayed elevated near $110 per barrel amid continued uncertainty surrounding Iran and the Strait of Hormuz.
The prolonged disruption of one of the world’s most important energy corridors is now feeding directly into:
inflation expectations,
bond market volatility,
currency weakness,
and global trade uncertainty.
Financial institutions warned that energy market instability is now becoming deeply embedded into broader macroeconomic conditions rather than remaining a temporary geopolitical shock.
4. Investors Increasingly Fear a Global Spending Crunch
Several financial analysts warned today that rising yields may eventually force governments, corporations, and consumers to reduce spending significantly.
Higher rates increase the cost of:
government borrowing,
mortgages,
infrastructure financing,
corporate expansion,
and consumer credit.
This creates the risk of a broader slowdown while inflation remains elevated — a scenario many economists associate with stagflation.
Markets are also beginning to question whether central banks can continue supporting debt-heavy economies without damaging currency credibility or reigniting inflation.
Why It Matters
Today’s developments reinforce that the world economy is entering a period of structural financial strain rather than temporary market volatility.
The combination of:
elevated debt,
higher-for-longer interest rates,
geopolitical fragmentation,
commodity disruptions,
and weakening confidence in fiat systems
is creating pressure points throughout the global financial architecture.
Why It Matters to Foreign Currency Holders
For foreign currency holders and global reset observers, these developments are important because they highlight:
the growing fragility of sovereign debt markets,
the continued dominance of energy in global monetary systems,
the vulnerability of emerging market currencies,
and the increasing shift toward multipolar economic structures.
Central banks may increasingly be forced to balance inflation control against debt sustainability and economic stability — a balancing act becoming more difficult by the month.
Implications for the Global Reset
Pillar 1: Sovereign Debt Stress
Rising bond yields are making debt servicing increasingly expensive worldwide, threatening long-term fiscal stability.
Pillar 2: Energy-Driven Financial Realignment
Oil and shipping disruptions tied to the Strait of Hormuz are once again proving how closely global finance depends on energy security.
Pillar 3: Pressure on Emerging Market Currencies
Currency instability across BRICS and emerging economies may accelerate efforts to diversify reserves and payment systems away from traditional Western channels.
Pillar 4: Central Bank Credibility Under Pressure
Markets are increasingly testing whether central banks can maintain financial stability without triggering either runaway inflation or severe economic contraction.
The global system is showing signs of strain across debt, energy, currency, and trade simultaneously — conditions that historically precede major financial realignments.
Seeds of Wisdom Team
Newshounds News™ Exclusive
Sources
Reuters — "Rupee hits record low near 97/USD on oil, US Treasury yield strain"
Reuters — "As bond yields surge, investors grow wary of a global spending crunch"
~~~~~~~~~~
🌱 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 Wednesday Morning 5-20-26
The Judiciary Overturns The Decision To Impose (Service Fees) On Telecommunications Companies.
Money and Business Economy News – Baghdad The Supreme Judicial Council announced on Wednesday the issuance of a decision to overturn the Communications and Media Commission's decision to impose fees on mobile phone companies under the guise of "service charges."
The Judiciary Overturns The Decision To Impose (Service Fees) On Telecommunications Companies.
Money and Business Economy News – Baghdad The Supreme Judicial Council announced on Wednesday the issuance of a decision to overturn the Communications and Media Commission's decision to impose fees on mobile phone companies under the guise of "service charges."
A statement from the judiciary, received by "Al-Eqtisad News," indicated that "the Supreme Judicial Council issued a decision to overturn the Communications and Media Commission's decision to impose fees on mobile phone companies under the guise of 'service charges,' following a review of the appeal submitted by the authorized director of the Atheer Telecommunications Company's branch in Iraq."
Judge Iyad Mohsen Dhamad, head of the Appeals Board responsible for reviewing appeals against decisions of the Communications and Media Commission, explained, according to the statement, that "the 20% fee imposed on recharge cards and electronic applications is in reality a sales tax, not a service charge."
He emphasized that "the imposition of taxes and fees is the exclusive prerogative of the legislative authority, according to Article 28/First of the Iraqi Constitution, which prohibits their imposition except by law."
Judge Dhamad pointed out that "the Media and Communications Commission based its decision on a directive issued by the Council of Ministers during the caretaker period," stressing that "a caretaker government does not have the legal authority to issue decisions that impose new financial burdens on citizens."
He affirmed that "the contested decision lacked a proper legal basis, which necessitated its annulment and the cancellation of its legal effects. The decision was issued finally and unanimously in accordance with the provisions of Section (6/8) of Order (65) of 2004." https://www.economy-news.net/content.php?id=69309
Advisor To The Association Of Banks: Proposes To The Government An Institutional And Structural Reorganization Of The Management Of Finance, Oil, Investment And Development
Money and Business Economy News – Baghdad On the occasion of the new government assuming the leadership of Iraq in extremely complex economic and financial circumstances, and suffering from a clear liquidity crisis, the primary cause of which is the reliance on oil as a primary source of the general budget and the inability of the Ministry of Oil to secure the necessary export channels to continue exporting after the closure of the Strait of Hormuz.
In an interview with "Economy News," Samir Al-Nassiri, advisor to the Association of Iraqi Private Banks, suggested to the government, as it begins its first hundred days in office, that it should restructure and reorganize its economic files and sectors in finance, oil, investment and development by setting strategic goals to overcome the effects of the economic and financial crisis and absorb its repercussions in the short and long term.
Al-Nassiri called for strengthening the Financial Stability Council with advisors with expertise in fiscal policy, monetary policy, strategic planning and crisis management, and establishing an operations room to manage the oil sector, and in particular the management of the affairs of the Ministry of Oil, headed by the Prime Minister and with the membership of executive representatives from the Ministries of Finance and the Central Bank and specialized advisors, and following up on the procedures of the Ministry of Oil and SOMO, which are considered responsible for their inability to seek to secure external export channels to continue and sustain our oil exports after the closure of the Strait of Hormuz, which greatly harmed our national economy.
He pointed to the necessity of establishing the Supreme Council for Investment and Development, chaired by the Prime Minister and with the membership of the Ministries of Finance, Planning, Housing and Reconstruction, the Central Bank, the Head of the National Investment Commission, a representative of the Private Sector Development Council, and the Head of the Contractors Union.
The Council would be responsible for drawing up the investment map for the country in all economic sectors and involving the private sector in financial financing and implementation processes with the participation of private capital and with sovereign government guarantees and protection of laws that reassure the private sector, with the aim of achieving a real transition from the old economy to a market economy. https://www.economy-news.net/content.php?id=69302
The Prime Minister And The Turkish Ambassador Emphasize Mutual Cooperation In Various Fields
Money and Business Economy News – Baghdad Prime Minister Ali Faleh al-Zaidi and the Turkish Ambassador to Iraq, Anil Bora Inan, affirmed their commitment to mutual cooperation and its enhancement across various fields during a meeting held on Wednesday.
The Prime Minister's Media Office stated in a press release received by "Al-Eqtisad News" that "Prime Minister Ali Faleh al-Zaidi received the Ambassador of the Republic of Turkey to Iraq, Anil Bora Inan."
The meeting addressed ways to strengthen bilateral relations and emphasized mutual cooperation and its advancement in various sectors, particularly in oil exports, water management development, the strategic development road project, and security coordination, all in service of the shared interests of both countries.
According to the statement, the meeting also reviewed "efforts aimed at de-escalating tensions in the region and stressed the importance of supporting negotiations between the United States and Iran, adopting diplomatic solutions and dialogue to ensure the sustainability of security and stability in the region and the world."https://www.economy-news.net/content.php?id=69317
Parliamentary Legal Committee: Proceeding with amending the traffic law to address the doubling of fines
Money and Business Economy News – Baghdad The parliamentary legal committee revealed the possibility of addressing previous traffic fines through the Cabinet's authority to write off government debts, while confirming the continuation of amending the traffic law to address the doubling of fines and the mechanism for calculating traffic camera violations.
Member of the Parliamentary Legal Committee, Muhammad Jassim Al-Khafaji, told the official newspaper, as reported by “Al-Eqtisad News”, that traffic fines have become a real harm to many citizens, especially since a large number of them own vehicles and have accumulated large sums of money,” indicating that “the committee is proceeding with amending the traffic law to address the doubling of the fine and a number of problems related to this file.”
Al-Khafaji explained that previous fines, i.e., those incurred before the amendment was approved, cannot be addressed by new legislation except with the government's approval. He pointed out that the clear solution lies in the Cabinet's authority to extinguish these debts, since the fines owed by the citizen are considered a government debt, and the government can request their cancellation or waiver.
He added that the amendment will include obligating the General Traffic Directorate and the Ministry of Interior to address the issue of fines resulting from traffic cameras, although it is a technical detail, but the large number of complaints necessitates a clear legal solution for it.
Al-Khafaji described the amount of fines announced by the Traffic Directorate, which amounted to 162 billion dinars during the past year, as arbitrary and unfair to citizens, stressing that the anticipated amendment to the Traffic Law must balance between applying the law and protecting citizens from unfair fines. https://www.economy-news.net/content.php?id=69304
Al-Zidi Directs Follow-Up On The File Of Increasing The Volume Of Oil Exports And Diversifying Export Outlets.
energy Economy News – Baghdad Prime Minister Ali Faleh al-Zaidi directed on Wednesday that efforts be made to increase the volume of oil exports and diversify export outlets.
His media office stated in a statement received by “Al-Eqtisad News” that “Prime Minister Ali Faleh Al-Zaidi paid a visit today, Wednesday, to the headquarters of the Ministry of Oil in Baghdad, during which he chaired a meeting of the ministry’s senior staff, in the presence of the Ministers of Oil and Foreign Affairs and the Director of the Prime Minister’s Office.”
The statement added that "Al-Zidi listened to a briefing presented by the Minister of Oil on the progress of work on the ministry's projects, especially regarding procedures for addressing the crisis of the closure of the Strait of Hormuz and the cessation of oil exports. He also reviewed the ongoing associated gas projects and highlighted the most prominent challenges facing the progress of work on them."
He added that "the meeting addressed the issue of oil exports and finding diverse export outlets, the mechanism for implementing Cabinet decisions in this regard, as well as discussing the procedures of the Ministry of Foreign Affairs regarding following up on agreements concluded with a number of neighboring countries to export oil by land."
Seeds of Wisdom RV and Economics Updates Tuesday Evening 5-19-2026
Good Evening Dinar Recaps,
Bond Markets, Oil Shocks, and Global Debt Fears Signal Mounting Pressure on the Financial System
Rising Treasury yields, volatile energy markets, and geopolitical instability are forcing governments and central banks into a new phase of financial stress management.
Good Evening Dinar Recaps,
Bond Markets, Oil Shocks, and Global Debt Fears Signal Mounting Pressure on the Financial System
Rising Treasury yields, volatile energy markets, and geopolitical instability are forcing governments and central banks into a new phase of financial stress management.
Overview
Global markets are showing signs of deepening structural strain as bond yields surge, oil prices remain elevated, and investors increasingly question the long-term stability of sovereign debt markets.
Today’s developments point toward a growing convergence of risks involving energy security, inflation, government borrowing costs, and geopolitical fragmentation — all of which are key themes tied to discussions surrounding a potential long-term global financial reset.
The latest catalyst comes from the ongoing tensions surrounding Iran and the Strait of Hormuz, which continue disrupting energy flows and shaking confidence across financial markets.
Key Developments
1. Global Bond Markets Are Flashing Warning Signals
Bond yields across major economies climbed sharply today, with the U.S. 30-year Treasury yield reaching levels not seen since before the 2008 financial crisis.
Investors are increasingly worried that persistent inflation — fueled by higher energy costs and geopolitical instability — could force central banks to maintain higher interest rates for much longer than expected.
The bond selloff is now affecting markets globally, from the United States to Japan and Europe, increasing borrowing costs for governments already carrying historically high debt loads.
Analysts also warned that the arrival of incoming Federal Reserve Chair Kevin Warsh could reduce expectations of future emergency stimulus programs or quantitative easing support.
2. Oil Prices and Hormuz Tensions Continue Reshaping Markets
Oil prices remained elevated near $110 per barrel as uncertainty surrounding Iran and the Strait of Hormuz continues to disrupt shipping and energy supply expectations.
Even temporary disruptions in Hormuz carry major implications because the corridor handles roughly one-fifth of global oil and LNG shipments.
Markets reacted sharply to reports that President Trump delayed a planned strike on Iran while negotiations continue, creating volatility across commodities, currencies, and equities.
The situation highlights how modern financial markets are becoming increasingly tied to geopolitical chokepoints and strategic energy corridors.
3. Inflation Fears Are Reigniting Across the Global Economy
Higher oil prices are now feeding renewed concerns over global inflation just as many economies were hoping price pressures would stabilize.
Rising energy costs threaten transportation, manufacturing, agriculture, and consumer pricing worldwide. Investors are increasingly pricing in the possibility of additional interest rate hikes instead of future cuts.
This dynamic is particularly dangerous because governments are already struggling under enormous debt burdens, making higher borrowing costs difficult to sustain long term.
Several analysts warned that markets are beginning to fear a possible stagflationary environment — where inflation remains elevated while economic growth weakens.
4. Financial Fragmentation and the Shift Toward Multipolar Systems Continue
Today’s market turmoil also reflects broader global realignment trends.
Countries are increasingly reassessing dependence on traditional Western financial systems as geopolitical tensions intensify. Rising commodity nationalism, energy competition, BRICS expansion efforts, and alternative trade settlement discussions all continue accelerating behind the scenes.
The combination of debt instability, geopolitical conflict, supply chain restructuring, and monetary uncertainty is reinforcing discussions about the future architecture of the global financial system.
Why It Matters
The current environment is no longer just about isolated market volatility. It reflects a much broader transition involving:
Record sovereign debt levels
Higher-for-longer interest rates
Geopolitical fragmentation
Energy market weaponization
Pressure on fiat currencies
Growing distrust in centralized financial systems
These pressures are forcing governments, central banks, and multinational alliances to reconsider how global trade, debt, reserves, and monetary systems will function in the future.
Why It Matters to Foreign Currency Holders
For foreign currency holders and global reset watchers, today’s developments reinforce several long-term trends:
Debt-based financial systems are under increasing stress
Oil and energy remain central to monetary power
Bond markets are becoming less stable
Multipolar financial structures continue gaining momentum
Central banks may face shrinking flexibility moving forward
As borrowing costs rise globally, nations may increasingly seek alternative settlement systems, commodity-backed arrangements, regional alliances, and reserve diversification strategies.
Implications for the Global Reset
Pillar 1: Debt System Stress
The surge in bond yields signals growing concern about whether governments can sustainably finance massive debt obligations in a high-rate environment.
Pillar 2: Energy and Geopolitical Realignment
The Strait of Hormuz crisis demonstrates how energy supply chains are becoming directly tied to global monetary and financial stability.
Pillar 3: Multipolar Financial Transition
Ongoing geopolitical fragmentation continues accelerating discussions around de-dollarization, alternative payment systems, and regional financial blocs.
Pillar 4: Central Bank Credibility
Markets are increasingly testing whether central banks can contain inflation without destabilizing debt markets or triggering broader economic slowdowns.
This is not just another market correction — it is a stress test for the entire global financial architecture.
Seeds of Wisdom Team
Newshounds News™ Exclusive
Sources
Reuters — "Stocks fall as US bond yields rise, oil eases after latest Iran war headlines"
Reuters — "Warsh's arrival leaves long bonds without a safety net"
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How To Lose Billions Of Dollars: Trust The US Government
How To Lose Billions Of Dollars: Trust The US Government
Notes From the Field By James Hickman (Simon Black / Sovereign Man) May 19, 2026
America was at the top of the world in 1955. World War II had been over for ten years. Soldiers had come home to GI Bill mortgages in brand-new suburbs. Detroit was building cars faster than anywhere else on the planet.
And the economy was booming— in fact that year a milkshake-machine salesman named Ray Kroc had just franchised his first McDonald's on a roadside in Illinois.
How To Lose Billions Of Dollars: Trust The US Government
Notes From the Field By James Hickman (Simon Black / Sovereign Man) May 19, 2026
America was at the top of the world in 1955. World War II had been over for ten years. Soldiers had come home to GI Bill mortgages in brand-new suburbs. Detroit was building cars faster than anywhere else on the planet.
And the economy was booming— in fact that year a milkshake-machine salesman named Ray Kroc had just franchised his first McDonald's on a roadside in Illinois.
Half a world away, in a country still rebuilding from the rubble of that war, a scrappy little Japanese company called Honda was selling cheap motorcycles to people who couldn't afford cars.
That year, 1955, was the last year that Honda lost money. Starting in 1956, and for seven decades after that, the company became one of the most consistently profitable carmakers on the planet.
Until now.
A few days ago, Honda announced billions in losses for the first time since Eisenhower was President. And the reason isn't because of a major scandal, financial crisis, or moonshot bet on flying cars.
Honda's executives had simply made a sensible business decision to believe the US government.
When Joe Biden promised that America was going all-electric, Honda took him at his word. That promise has now cost the company roughly $10 billion in write downs and impairments and pushed Honda into its first annual loss in decades.
Biden's plan was carrot-and-stick. The carrot was part of the poorly named Inflation Reduction Act in the form of a $7,500 federal tax credit on every new EV sold.
The stick came from sweeping new regulations requiring roughly two-thirds of new vehicles sold in the US to be electric by 2032. Either automakers built EVs, or they got regulated out of the American market.
In the background, Biden squeezed the oil supply to make driving a gasoline car more expensive.
He canceled the Keystone XL pipeline on his first day in office, paused new federal oil and gas leases a week later, and in his final days withdrew more than 625 million acres of US offshore waters from any future drilling.
To automakers, this EV push looked like a once-in-a-generation opportunity; Washington was writing checks, mandating the switch, and selling the whole thing as permanent. So, Honda, along with Ford, GM, and Stellantis, built the EV factories.
Consumers didn't cooperate. Less than 10% of new cars sold in America were electric.
Then the rules changed.
When Trump took office, his administration’s EPA sensibly rolled back the emissions rule. Congress (rightly) killed the $7,500 tax credit. And automakers’ EV math collapsed overnight.
Ford swallowed a $17.4 billion hit on its EV business. Over at Stellantis, the parent of Jeep, Ram, and Chrysler, a $29.7 billion writedown produced the first annual loss in the company's history.
GM has chalked up another $7 billion of EV-related losses. Add it up and you get roughly $64 billion of real capital that was incinerated in less than a year.
Automakers weren't designing cars for customers; they were designing cars for subsidies and regulations. When the subsidies and regulations went away, the profits went with them.
And it isn't Honda's fault either. They made the call on the best information available, which was supposedly a "permanent" change in how the US government rewarded and punished automakers.
It's sad, really. Biden cooked up a stupid policy, Trump reversed it, and the companies lost billions.
What it teaches every CEO in Tokyo, Seoul, Munich, and Detroit is to think twice before trusting Washington again. That's the exact wrong message for a country that desperately needs continued capital investment from abroad.
Reagan saw all of this coming forty years ago. "Government's view of the economy," he said in 1986, "could be summed up in a few short phrases: if it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it."
Four decades later, that's still the entire playbook.
There's only one path out of America's debt trap, and it's less government. Cut the rules, cut the spending, and let markets— not Senate committee chairs and EPA administrators— decide where capital flows.
GDP has to grow faster than the borrowing, and that won't happen if Washington keeps torching $60 billion of industrial capital every time it changes its mind about which industry to bless.
They never learn. Which is exactly why it makes so much sense to have a Plan B.
To your freedom, James Hickman Co-Founder, Schiff Sovereign LLC
How to lose billions of dollars: trust the US government | Schiff Sovereign
MilitiaMan & CREW IRAQ DINAR UPDATE-Iraq's Reforms: Strong Momentum - New Economic Vision of the Central Bank
MilitiaMan & CREW IRAQ DINAR UPDATE-Iraq's Reforms: Strong Momentum - New Economic Vision of the Central Bank
5-18-2026
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
No drama. No intrigue. No songs and dances. Just straight, factual news that I read and interpret to the best of my ability after being an avid Dinar investor and insanely obsessed Dinarian for over 15 years.
Follow MM on X == https://x.com/Slashn
MilitiaMan & CREW IRAQ DINAR UPDATE-Iraq's Reforms: Strong Momentum - New Economic Vision of the Central Bank
5-18-2026
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
No drama. No intrigue. No songs and dances. Just straight, factual news that I read and interpret to the best of my ability after being an avid Dinar investor and insanely obsessed Dinarian for over 15 years.
Follow MM on X == https://x.com/Slashn
Be sure to listen to full video for all the news……..
Seeds of Wisdom RV and Economics Updates Tuesday Afternoon 5-19-2026
Good Afternoon Dinar Recaps,
Global Financial Reset Watch: Debt Stress, Energy Realignment, and BRICS Expansion Accelerate Systemic Shifts
Growing sovereign debt concerns, energy market restructuring, and expanding multipolar alliances are reshaping the global financial landscape as governments prepare for a more fragmented economic order.
Good Afternoon Dinar Recaps,
Global Financial Reset Watch: Debt Stress, Energy Realignment, and BRICS Expansion Accelerate Systemic Shifts
Growing sovereign debt concerns, energy market restructuring, and expanding multipolar alliances are reshaping the global financial landscape as governments prepare for a more fragmented economic order.
Overview
Today’s global financial environment continues to show signs of deep structural transition. While markets remain functional, underlying pressures involving sovereign debt, energy security, de-dollarization, and geopolitical realignment are intensifying simultaneously.
The combination of higher bond yields, persistent inflation concerns, and the expansion of alternative economic blocs such as BRICS is forcing nations to rethink reserve management, trade settlements, and long-term financial dependencies.
At the same time, global leaders are increasingly tying economic policy to national security and supply chain resilience, signaling that the world economy is moving away from the hyper-globalized model that dominated previous decades.
Key Developments
1. Global Bond Markets Face Renewed Pressure
Finance ministers and central bank officials from the G7 gathered in Paris today to discuss growing instability in sovereign debt markets as rising energy costs and inflation concerns continue pressuring bond yields worldwide.
Officials warned that higher oil and shipping costs linked to ongoing Middle East tensions may prevent central banks from cutting interest rates aggressively. This creates added strain for heavily indebted economies already managing elevated borrowing costs.
Countries such as Japan and several European economies are especially vulnerable as debt servicing expenses continue climbing.
2. Structural Global Imbalances Are Becoming Harder to Ignore
G7 officials also focused heavily on what they described as “structural imbalances” in the global economy.
Concerns include:
Excessive debt accumulation
Uneven global consumption patterns
Weak industrial investment in Western economies
Persistent trade asymmetries
Fragile supply chains
These imbalances are increasingly viewed as long-term systemic risks rather than temporary market distortions.
The discussions reflect growing awareness that the existing financial system may require major restructuring over the coming decade.
3. Energy Markets Continue Moving Toward a Multipolar Framework
Simultaneously, Gulf energy dynamics are undergoing major transformation as producers increasingly prioritize long-term regional alignment over traditional Western-centric supply models.
Analysts note that global gas and LNG markets are becoming more rigid due to:
Infrastructure limitations
Long-term contracts
Geopolitical fragmentation
Domestic energy demand pressures
Strategic competition between the United States, Qatar, Russia, and China
This “new Gulf gas order” suggests future energy flows may become increasingly tied to political blocs and strategic partnerships rather than open-market flexibility.
4. BRICS and Alternative Financial Systems Continue Expanding
As Western economies wrestle with debt and inflation pressures, BRICS nations continue accelerating efforts to reduce reliance on the U.S. dollar.
Countries are increasingly:
Expanding local currency settlement systems
Increasing gold reserves
Diversifying trade mechanisms
Developing alternative payment frameworks
Building regional energy partnerships outside traditional Western systems
These developments do not yet replace the dollar-based system, but they continue laying the groundwork for a more multipolar financial architecture.
Why It Matters
The world economy is no longer dealing with isolated financial shocks. Instead, multiple structural changes are unfolding simultaneously across:
Debt markets
Energy systems
Trade routes
Currency reserves
Payment infrastructure
Supply chains
This convergence is one reason discussions surrounding a potential global financial reset continue gaining attention among economists, investors, and geopolitical analysts.
The transition appears gradual rather than sudden, but the direction increasingly points toward a more fragmented and regionally aligned economic order.
Why It Matters to Foreign Currency Holders
For foreign currency holders and precious metals investors, today’s developments reinforce several key trends:
Gold accumulation by central banks continues rising
Nations are reducing overdependence on the U.S. dollar
Energy trade is becoming more politically aligned
Alternative settlement systems are expanding
Sovereign debt risks remain elevated globally
These trends could eventually influence reserve currency dynamics, commodity pricing, and long-term purchasing power across multiple fiat currencies.
Implications for the Global Reset
Pillar 1: Sovereign Debt Pressure
Rising borrowing costs and unstable bond markets are increasing pressure on governments already carrying historically high debt levels.
Pillar 2: Multipolar Economic Transition
The expansion of BRICS, regional trade systems, and alternative payment mechanisms signals continued movement away from a singular Western-led financial order.
Pillar 3: Energy as Strategic Currency
Control over energy infrastructure, LNG flows, and shipping routes is becoming increasingly central to geopolitical and financial power.
Pillar 4: Reserve Diversification
Central banks are steadily diversifying reserves into gold and non-dollar assets as protection against geopolitical and fiscal uncertainty.
Conclusion
Today’s developments highlight a world economy entering a period of managed transformation rather than outright collapse. Governments and financial institutions are increasingly adapting to a future where economic power is more distributed, supply chains are more regionalized, and financial systems are more politically driven.
The emerging environment suggests the next decade may be defined not by a single financial event, but by a series of interconnected shifts that gradually reshape the global monetary order.
This is not just economics — it is the restructuring of global financial power happening in real time.
Seeds of Wisdom Team
Newshounds News™ Exclusive
Sources
Modern Diplomacy – G7 Finance Chiefs Confront Bond Market Turmoil and Global Economic Imbalances
Modern Diplomacy – Rigid Margins, Rising Pressures: The New Gulf Gas Order
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Iraq Economic News and Points To Ponder Tuesday Afternoon 5-19-26
Iraq’s new government faces constitutional challenge over confidence vote
2026-05-19 Shafaq News- Erbil/ Baghdad Iraq’s newly approved government is facing a constitutional challenge after nominees from the Kurdistan Democratic Party (KDP) and the State of Law Coalition (SLC) filed complaints contesting last week’s parliamentary confidence session, KDP parliamentary bloc head Shakhawan Abdullah said on Tuesday.
Iraq’s new government faces constitutional challenge over confidence vote
2026-05-19 Shafaq News- Erbil/ Baghdad Iraq’s newly approved government is facing a constitutional challenge after nominees from the Kurdistan Democratic Party (KDP) and the State of Law Coalition (SLC) filed complaints contesting last week’s parliamentary confidence session, KDP parliamentary bloc head Shakhawan Abdullah said on Tuesday.
Speaking to reporters in Erbil, Abdullah clarified that the complaints concern the mechanism through which parliament rejected several ministerial nominees, adding that documents and recordings showed “procedural violations” during the voting process. The objections argue that the session violated Article 76 of Iraq’s constitution and breached parliament’s internal bylaws due to what Abdullah called a failure to manage proceedings “with complete neutrality.”
“The final decision now rests with the Federal Supreme Court, and we are waiting for its ruling.”
Iraq’s parliament voted on May 14 to approve Prime Minister Ali Al-Zaidi’s government program and 14 cabinet ministers, while delaying a vote on the remaining nine portfolios until after the Islamic holiday Eid Al-Adha amid continuing disputes over cabinet allocations.
Earlier negotiations over ministerial nominations and portfolio distribution saw blocs, including SLC, accuse rivals of obstructing nominees, while factions aligned with former Prime Minister Mohammed Shia Al-Sudani criticized “unfair” cabinet allocations.
Read more: Ali Al-Zaidi sworn in as Iraq's prime minister with a program already failed
USD/IQD slips at close in Baghdad and Erbil
2026-05-19 Shafaq News- Baghdad/ Erbil The US dollar closed Tuesday’s trading lower in Iraq, 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 153,650 dinars per 100 dollars, down from the morning session’s 153,850 dinars.
In the Iraqi capital, exchange shops sold the dollar at 154,000 dinars and bought it at 153,000 dinars, while in Erbil, selling prices stood at 153,450 dinars and buying prices at 153,350 dinars.
https://www.shafaq.com/en/Economy/USD-IQD-slips-at-close-in-Baghdad-and-Erbil
Monte Carlo: A Saudi Message Reached The Iraqi Foreign Ministry Containing A Threat To Sever Diplomatic Relations Between The Two Countries
latest news Tuesday, May 19, 2026 Baghdad – One News Monte Carlo International reported that in the first serious challenge to the new Iraqi Prime Minister Ali al-Zaidi, Iranian-backed factions threatened to attack Saudi Arabia if it launched raids inside Iraqi territory.
She indicated that a Saudi message had reached the Iraqi Foreign Ministry that included a threat to sever diplomatic relations between the two countries, in response to what the Saudi message described as terrorist attacks coming from Iraq targeting Saudi infrastructure.
She added that, as an indication of the impact of the political tension between Baghdad and Riyadh, Saudi Crown Prince Mohammed bin Salman made a phone call to the new Iraqi Prime Minister, merely offering congratulations, but al-Zaidi sent assurances to the Saudi authorities that he would not allow attacks against Saudi Arabia to be launched from Iraqi territory. https://1news-iq.net/مونت-كارلو-رسالة-سعودية-وصلت-للخارجية/
Iraqi Basrah Crude Outperforms Global Market With 2.6% Gain
2026-05-19 / Shafaq News- Basrah Iraq’s Basrah crude rose more than 2.6% on Tuesday, bucking declines in global oil markets driven by volatility linked to geopolitical tensions and shifting energy demand expectations.
Basrah Medium crude rose to $111.10 per barrel, up 2.61%, while Basrah Heavy crude climbed to $109.00 per barrel, gaining 2.67%.
Brent crude futures fell $2.21, or 1.97%, to $109.89 per barrel, while US West Texas Intermediate declined $1.30, or 1.20%, to $107.36.
Among other Arab benchmarks, Saudi Arabia’s Arab Light crude rose 2.49% to $119.10 per barrel, while Kuwait Export crude reached $124.63 per barrel. https://shafaq.com/en/Economy/Iraqi-Basrah-crude-outperforms-global-market-with-2-6-gain
A Leader In The Coordination Committee: Leaders Of Political Blocs Are Aware Of The Importance Of Dealing Flexibly With Washington's Pressure To Avoid Sanctions
latest news Tuesday, May 19, 2026 Baghdad – One News A leader in the "Coordination Framework" said that "the leaders of the Shiite political forces are aware of the importance of dealing flexibly with American pressures in order to spare Iraq the risks of economic and financial sanctions."
He explained that Iraq would not be able to withstand the American sanctions, so the steps taken by the Al-Zaidi government regarding the issue of factions and restricting weapons to the state must be supported.
He added that Al-Zaidi pledged in his first speech after his government was granted confidence to reform the security system by restricting weapons to the state, enhancing the capabilities of the security forces, and consolidating the citizen’s confidence in democracy. https://1news-iq.net/قيادي-بالتنسيقي-قادة-الكتل-السياسية-م/
Middle East Forum: Al-Zaidi Succeeded In Postponing The Confrontation With The Factions, But He Has Not Proven That He Fulfilled His Promises To Washington
Baghdad – One News 5/19/2026 The Middle East Forum reported that many Iraqis were expecting a change in US President Donald Trump’s policy towards pro-Iranian factions, given the escalating US pressure on Baghdad in recent times.
The forum pointed out that placing the Popular Mobilization Forces at the heart of the government program reflects the continued Iranian influence within Iraqi state institutions, despite talk of reforms and restructuring the security file.
He added that Prime Minister Ali al-Zaidi has so far succeeded in postponing the confrontation with the armed factions, but he has not yet proven his ability to implement the pledges he reportedly made to Washington regarding reducing the influence of armed groups and resetting the security file.
The forum also believed that the US administration was required to demonstrate real leverage to force Baghdad to fulfill its promises, if it wanted to bring about a real change in the balance of power within Iraq.
https://1news-iq.net/منتدى-الشرق-الأوسط-الزيدي-نجح-في-تأجيل/
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Baghdad: Institutions Ready To Cooperate Over Saudi Drone Incident
2026-05-19 Shafaq News- Baghdad The Iraqi government condemned on Tuesday drone attacks targeting Saudi Arabia, while affirming that Iraqi military authorities had found no evidence that Iraqi airspace was used in the alleged operation last week.
Spokesperson Bassem Al-Awadi stated that Iraq remains committed to supporting efforts aimed at reducing tensions and preventing such incidents regardless of their source, adding that Iraqi institutions are prepared to cooperate and verify relevant details.
On May 18, Iraq’s Foreign Ministry announced an investigation into how the aircraft crossed Iraqi territory undetected after Saudi Arabia said it had intercepted and destroyed three drones that entered the Kingdom’s airspace.
Saudi Arabia also summoned Iraq’s ambassador on April 12 to protest attacks allegedly launched from Iraqi territory.
Since the start of the US-Israeli war on Iran, several Iraqi armed factions have claimed responsibility for drone and missile attacks targeting sites inside and outside Iraq, including military facilities and strategic locations linked to US and Israeli interests. https://www.shafaq.com/en/Iraq/Baghdad-Institutions-ready-to-cooperate-over-Saudi-drone-incident
Tehran Warns It Is Ready To Confront Any US Strike
2026-05-19 Shafaq News- Tehran Tehran is “fully prepared” to confront any US military attack, after President Donald Trump temporarily delayed a planned strike on Iran, a senior Iranian official said on Tuesday.
Deputy Foreign Minister Kazem Gharibabadi said that the US was simultaneously speaking about diplomacy while threatening military action at any moment, arguing that Washington was presenting threats as “an opportunity for peace.”
On May 18, Trump announced the postponement of a strike on Iran following requests from the leaders of Qatar, Saudi Arabia, and the UAE, adding that “serious negotiations” were underway with Tehran. However, he instructed the US military “to be prepared to go forward with a full, large-scale assault of Iran, on a moment’s notice, in the event that an acceptable Deal is not reached.”
Meanwhile, Israel’s Channel 12 reported that Israeli assessments indicate Trump has decided to attack Iran and that implementation is “only a matter of time.”
https://www.shafaq.com/en/Middle-East/Tehran-warns-it-is-ready-to-confront-any-US-strike
Iraq News Posted by Tishwash at TNT 5-19-2026
TNT:
Tishwash: Political consensus paves the way for the passage of the oil and gas law.
The Iraqi Parliament is preparing to introduce the draft oil and gas law in the coming period, amid indications of a political consensus among most blocs to pass it. MP Adel al-Mahalawi, from the Progress Bloc, told Al-Sabah newspaper that the law will be presented to Parliament soon after political understandings are reached.
He explained that Prime Minister Ali al-Zubaidi has expressed his willingness to cooperate in finalizing legislation with an economic dimension. He clarified that the law is considered one of the most anticipated pieces of legislation, as it regulates the relationship between the federal government and the oil-producing provinces and contributes to supporting the budget and boosting revenues.
TNT:
Tishwash: Political consensus paves the way for the passage of the oil and gas law.
The Iraqi Parliament is preparing to introduce the draft oil and gas law in the coming period, amid indications of a political consensus among most blocs to pass it. MP Adel al-Mahalawi, from the Progress Bloc, told Al-Sabah newspaper that the law will be presented to Parliament soon after political understandings are reached.
He explained that Prime Minister Ali al-Zubaidi has expressed his willingness to cooperate in finalizing legislation with an economic dimension. He clarified that the law is considered one of the most anticipated pieces of legislation, as it regulates the relationship between the federal government and the oil-producing provinces and contributes to supporting the budget and boosting revenues.
Al-Mahalawi added that some technical and political disagreements still exist, but they are resolvable through national consensus. He also noted Parliament's intention to introduce a set of service and economic laws in the coming period in coordination with the government. link
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Tishwash: Al-Jurani told Al-Mirbad: The oil and gas law is at the top of the priorities for the next stage, and preserving Basra's rights is essential.
Member of Parliament’s Oil and Gas Committee, MP Qaisar Al-Jurani, confirmed in a statement to Al-Mirbad that enacting the Oil and Gas Law will be among the top priorities of the next stage, after years of delay and political disputes.
Al-Jurani told Al-Mirbad that the law represents the cornerstone for regulating the relationship between the federal government and the producing governorates, in addition to guaranteeing the rights of the Iraqi people to manage their national wealth.
He added that the committee is working to pass the law in a way that achieves justice for all parties and preserves the rights of Basra, as it is the largest oil-producing governorate in Iraq. link
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Tishwash: Coordination framework: Agreement to finalize the remaining cabinet positions after the holiday
On Monday, Uday Abdul-Hadi, a member of the Coordination Framework, revealed that an agreement has been reached to finalize the remaining ministerial appointments in Ali al-Zaidi's government immediately after the Eid al-Adha holiday. He noted that changes to some of the ministerial nominees are possible.
Speaking to Al-Maalouma, Abdul-Hadi said, "There are meetings and discussions taking place between the Coordination Framework and other political forces, both Sunni and Kurdish, to reach an understanding regarding the post-Eid al-Adha period, specifically regarding the vote on the remaining ministerial positions in al-Zaidi's government."
He added, "There is an agreement to hold a decisive session on this matter," explaining that "changing some of the ministerial nominees is possible, but the final decision rests with the political blocs whose appointments remain pending, awaiting the post-Eid al-Adha session, whether for the Interior, Culture, Planning, or other ministries."
He pointed out that “understandings are what determine all paths between the political forces,” stressing that “everyone agrees on the necessity of resolving the cabinet formation issue, because this will give the government greater flexibility in carrying out its duties, especially in light of the financial and economic challenges and the nature of developments in the region.” link
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Tishwash: Nasif calls on Al-Zaidi to request an increase in Iraq's OPEC quota and to resolve the issue of its oil through the Strait of Hormuz.
MP Alia Nassif called on Prime Minister Ali al-Zubaidi on Tuesday (May 19, 2026) to request an increase in Iraq’s share in OPEC and to find understandings with America and Iran to resolve the issue of oil passing through the Strait of Hormuz, which is closed due to the war, during his visit to Washington at the invitation of US President Donald Trump.
Trump had invited al-Zaidi to visit Washington after he formed his government, during a phone call that included congratulations on his appointment and an invitation to visit the White House.
We hope that during the upcoming visit of Prime Minister Ali al-Zaidi to the United States of America at the invitation of Trump, Mr. al-Zaidi will ask the American administration to increase Iraq’s share in OPEC, and to find common ground between the Islamic Republic of Iran and Iraq to secure Iraqi oil exports through the Strait of Hormuz, because the issue of the Iraqi economy is an existential issue in the current circumstances, and all positions must be united to support our government and our economy. link
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Tishwash: Amidi discusses with the Economic Council ways to enhance investment opportunities and support projects in the country
President Nizar Amidi received Ibrahim al-Masoudi al-Baghdadi, head of the Iraqi Economic Council, and his accompanying delegation at the Peace Palace in Baghdad on Monday, on the occasion of his assumption of the presidency.
The Presidential Media Office stated in a press release received by the Video News Agency that the visiting delegation offered their congratulations to the President. During the meeting, they discussed the general economic situation in the country and ways to enhance investment opportunities and develop infrastructure.
The statement added that the President emphasized the need to support major development projects to contribute to strengthening economic stability and improving the living conditions and services for all citizens in the various governorates.
Amidi stressed the importance of diversifying national income sources and not relying solely on oil revenues, as well as supporting the private sector and creating a suitable environment for investment and sustainable development by providing the necessary facilities for business and coordinating efforts among official institutions to advance the economy. link
A New Era - Kevin Warsh Fed Chair
A New Era - Kevin Warsh Fed Chair
Heresy Financial: 5-18-2026
The Federal Reserve is currently standing at a significant crossroads. After a period of unprecedented monetary intervention and economic volatility, a leadership transition is underway that could redefine the American financial landscape. As Jerome Powell prepares to step down as Chairman, handing the reins to Kevin Warsh, investors and economists alike are analyzing what this shift means for inflation, interest rates, and the broader economy.
Jerome Powell’s tenure, which began in 2018, will likely be remembered for its duality. On one hand, the markets saw significant growth during his leadership.
A New Era - Kevin Warsh Fed Chair
Heresy Financial: 5-18-2026
The Federal Reserve is currently standing at a significant crossroads. After a period of unprecedented monetary intervention and economic volatility, a leadership transition is underway that could redefine the American financial landscape. As Jerome Powell prepares to step down as Chairman, handing the reins to Kevin Warsh, investors and economists alike are analyzing what this shift means for inflation, interest rates, and the broader economy.
Jerome Powell’s tenure, which began in 2018, will likely be remembered for its duality. On one hand, the markets saw significant growth during his leadership.
On the other, his term was defined by the massive expansion of the Fed’s balance sheet. Especially in the wake of the 2020 pandemic, the implementation of aggressive quantitative easing (QE) and “money printing” led to a surge in liquidity.
While these measures were intended to stabilize the financial system, they came with a cost. Despite efforts to tighten policy and shrink the balance sheet between 2022 and 2025, inflation remained persistently above the Fed’s 2% target. Critics often point out that while Powell successfully prioritized the stability of the financial system, the “Main Street” economy—the everyday consumer and small business owner—often bore the brunt of rising costs and market meltdowns.
The nomination of Kevin Warsh signals a sharp pivot in strategy. Warsh is expected to move away from the Fed’s direct market interventions, focusing instead on a more deregulated banking sector. The core of the “Warsh doctrine” involves encouraging banks to take a more active role in the economy by buying more Treasuries and increasing private-sector lending.
By reducing the regulatory burden on banks, Warsh aims to lower long-term interest rates through market mechanisms rather than just administrative decrees. This approach seeks to stimulate “productive” lending, fueling economic expansion while attempting to keep inflation in check through increased private-sector efficiency. The goal is a delicate balance: achieving growth without the heavy-handed balance sheet expansion that characterized the previous era.
In an unusual break from a 75-year tradition, Jerome Powell is not expected to resign from the Fed Board of Governors after his term as Chairman ends. Typically, outgoing Chairs leave the board entirely to allow the new leader a fresh start. Powell’s decision to stay on as a voting member—amidst an ongoing investigation into Fed building renovations—introduces a unique layer of complexity.
His continued presence could create a “two-captain” dynamic, potentially leading to friction within the Federal Open Market Committee (FOMC). For Warsh, navigating his new policy direction while a former Chairman remains on the board will be a significant diplomatic and professional challenge.
The market’s initial reaction to the Warsh nomination has been largely positive. Investors are anticipating a period of easier borrowing and a focus on growth-oriented policies. However, seasoned analysts offer a word of caution. While deregulation and lower rates can spark significant economic “booms,” history shows that these cycles often precede “busts” if not managed with extreme care.
As we move into this new era of the Federal Reserve, the focus will be on whether Warsh can successfully transition the U.S. economy from a state of central bank reliance to one of private-sector-led growth.
TIMECODES
00:00 Powell Is Out. Kevin Warsh Is the New Fed Chair.
00:19 The Powell Era: 177% Market, Permanent Inflation
01:05 The 25% Money Supply Spike Powell Could Never Undo
02:24 Every Inflation Excuse Was "Transitory"
02:55 The One Thing Powell Got Right
04:14 The Federal Reserve's Real Mission: Rescue Wall Street First
05:10 Stephen Moran Just Resigned to Make Room for Warsh
06:07 The First Fed Chair in 75 Years Who Won't Resign
06:30 What to Expect From Warsh: Lower Rates, Less QE
06:48 Why Lowering the Fed Funds Rate Could Backfire
07:51 The Trick to Lower Long Term Rates Without QE
08:41 Bank Deregulation Is the Plan Hiding in Plain Sight
09:08 Banks Are Forced to Buy Treasuries. Then Punished for It.
09:45 Why This Time They're Betting on Banks, Not the Fed
11:23 The Gamble: Print Money, But Only Into Production
12:34 Why Powell Is Staying. The Real Reason.
13:05 The Criminal Investigation Was Always About Interest Rates
14:07 How Much Influence Will Powell Really Keep?
14:47 Why Trump Will Quietly Drop the Charges
15:08 The Market Already Knows What's Coming
15:47 What Always Follows a Boom
Seeds of Wisdom RV and Economics Updates Tuesday Morning 5-19-26
Good Morning Dinar Recaps,
Power of Siberia 2 Could Redraw the Global Energy Map as Russia Turns Fully Toward China
Russia’s proposed mega pipeline to China signals a historic geopolitical shift as Moscow accelerates its break from Europe and deepens long-term energy ties with Beijing.
Good Morning Dinar Recaps,
Power of Siberia 2 Could Redraw the Global Energy Map as Russia Turns Fully Toward China
Russia’s proposed mega pipeline to China signals a historic geopolitical shift as Moscow accelerates its break from Europe and deepens long-term energy ties with Beijing.
Overview
Russia and China are once again moving closer to discussions surrounding the massive Power of Siberia 2 natural gas pipeline, one of the largest planned energy infrastructure projects in the world. Russian President Vladimir Putin is expected to raise the issue directly with Chinese President Xi Jinping during high-level meetings in Beijing.
The proposed pipeline would transport enormous volumes of Russian natural gas from Arctic fields into China, further strengthening the strategic partnership between the two nations at a time when global energy markets are rapidly fragmenting.
The project has taken on much greater importance since Western sanctions and the collapse of Russia’s European gas business forced Moscow to aggressively pivot toward Asia.
If completed, the pipeline could permanently reshape Eurasian energy flows and accelerate the transition toward a more multipolar global economic system.
Key Developments
1. Russia Pushes Massive New Energy Corridor Into China
The proposed Power of Siberia 2 pipeline would stretch approximately 2,600 kilometers and transport up to 50 billion cubic meters of gas annually from Russia’s Yamal region to China through Mongolia.
The project would complement the already operational Power of Siberia 1 pipeline, which delivered roughly 38 billion cubic meters of gas to China last year.
Russia’s state-controlled energy giant Gazprom is expected to oversee the development, which could become one of the most strategically important energy corridors in Eurasia.
2. Western Sanctions Accelerate Russia’s Pivot Away From Europe
Before the Ukraine conflict and resulting sanctions, Europe represented one of Russia’s most profitable energy markets.
However, restrictions on Russian energy exports dramatically reduced European purchases, forcing Moscow to search for long-term replacement buyers.
China now represents one of the few economies large enough to absorb Russia’s massive energy output.
The pipeline would help Russia:
Replace lost European gas revenues
Expand influence across Asian energy markets
Reduce vulnerability to Western sanctions
Strengthen economic alignment with China
This reflects Russia’s broader geopolitical shift toward Asia as relations with the West continue deteriorating.
3. China Maintains Strong Negotiating Leverage
Although China supports expanded energy cooperation with Russia, Beijing has approached the project carefully and strategically.
Chinese officials reportedly remain focused on securing favorable long-term pricing agreements while avoiding excessive dependence on any single supplier.
China already imports natural gas through several major routes, including:
Central Asian pipeline systems
Myanmar-China energy corridors
Existing Russian pipelines
Planned Sakhalin energy routes
Because China maintains diversified energy sources, Beijing enters negotiations from a position of relative strength compared to Moscow’s growing urgency.
4. Pricing Disputes Continue Slowing Final Agreement
One of the largest obstacles remains disagreement over gas pricing formulas.
Russia reportedly prefers pricing models similar to previous European export systems, while China is seeking lower long-term rates.
These negotiations are critical because the project would lock both countries into decades of energy cooperation and require enormous financial investment.
Analysts estimate the pipeline could take eight to ten years to fully complete once construction begins.
Why It Matters
Power of Siberia 2 is far more than an energy project.
It represents a major structural shift in the global economy as Russia increasingly abandons Western markets and integrates more deeply with China and Asia.
The project also demonstrates how global trade systems are fragmenting into regional economic blocs shaped by geopolitics, sanctions, and energy security concerns.
As Europe distances itself from Russian energy, Asia is emerging as the center of Moscow’s long-term economic survival strategy.
Why It Matters to Foreign Currency Holders
For those following the global reset narrative, this pipeline carries several major implications:
Russia and China are deepening economic integration outside Western systems
Energy trade is increasingly shifting toward Asia
Long-term de-dollarization pressures may grow through regional trade agreements
Global commodity flows are being permanently restructured
Strategic infrastructure is becoming central to geopolitical power
Large-scale energy corridors like Power of Siberia 2 may eventually support alternative settlement systems and regional trade mechanisms that reduce dependence on Western financial institutions.
Implications for the Global Reset
Pillar 1: Eurasian Economic Integration Accelerates
The pipeline strengthens the emerging Eurasian economic corridor linking Russia, China, and broader Asian markets.
This could gradually weaken the dominance of traditional Western-centered trade networks.
Pillar 2: Energy Becomes the Foundation of Multipolar Finance
Control over energy supply routes increasingly shapes geopolitical alliances and financial influence.
Long-term gas agreements between Russia and China could support future regional payment systems, currency diversification, and non-dollar settlement mechanisms.
Closing Thought
Power of Siberia 2 is not simply a pipeline — it is a symbol of the accelerating shift toward a new geopolitical and financial order centered increasingly around Eurasia and strategic resource control.
Seeds of Wisdom Team
Newshounds News™ Exclusive
Sources
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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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