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

TNT:

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Temporary market recovery

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

A tough battle to support the currency

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

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

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

Expectations of further tightening

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

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

Reassuring messages from the Central Bank

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

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

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

Additional tools to attract funds

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Good Morning Dinar Recaps,

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

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

 Overview

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

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

Key Developments

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

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

2. Inflation Data Becomes the Market’s Main Focus

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

3. Federal Reserve Policy Remains a Key Driver

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

4. Global Central Banks Face Growing Pressure

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

5. Energy Markets Remain Vulnerable

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

Why It Matters

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

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

Why It Matters to Foreign Currency Holders

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

Potential effects include:

• Increased volatility across global currency markets

• Higher borrowing costs for emerging economies

• Pressure on countries carrying significant dollar-denominated debt

• Shifts in international trade settlement patterns

• Greater interest in alternative reserve assets and payment systems

Implications for the Global Reset

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

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

• Pillar 2: Inflation Is Reshaping Monetary Policy Worldwide

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

• Pillar 3: Energy Security Continues to Influence Global Finance

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

Future Outlook

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

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

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

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

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

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

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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

When Leaving Your Home State Becomes a Duty

When Leaving Your Home State Becomes a Duty

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

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

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

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

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

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

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

So Rockefeller ran his empire through a workaround.

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

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

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

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

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

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

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

Initially, other states felt betrayed.

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

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

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

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

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

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

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

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

Until now.

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

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

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

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

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

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

Granted, the move was almost ceremonial.

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

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

And that is actually the point.

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

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

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

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

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

That is what having a Plan B actually means.

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

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

MilitiaMan & CREW IRAQ DINAR UPDATE-"The Convergences Tightening: Iraq's Full Integration is Becoming Reality"

MilitiaMan & CREW IRAQ DINAR UPDATE-"The Convergences Tightening: Iraq's Full Integration is Becoming Reality"

6-9-2026

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……..

https://www.youtube.com/watch?v=hrKP8GrhdK0

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

Good Evening Dinar Recaps,

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

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

 Overview

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

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

Key Developments

1. U.S. Launches New Strikes Against Iran

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

2. Fragile Ceasefire Faces Renewed Pressure

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

3. Strait of Hormuz Remains a Critical Concern

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

4. Energy Markets and Inflation Risks Return to Focus

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

Why It Matters

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

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

Why It Matters to Foreign Currency Holders

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

• Increase volatility in foreign exchange markets

• Influence central bank interest-rate decisions

• Accelerate non-dollar trade settlements among some nations

• Affect commodity-backed economies and resource-exporting countries

• Increase pressure on governments to strengthen domestic financial systems

Implications for the Global Reset

• Pillar 1: Energy Security Drives Economic Realignment

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

• Pillar 2: Geopolitical Risk Accelerates Alternative Systems

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

• Pillar 3: Market Volatility Highlights Systemic Vulnerabilities

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

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

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Gold stabilizes in Baghdad, rises in Erbil

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

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

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

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

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

London Meetings Advance Iraq Banking Agenda

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

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

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

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

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

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

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

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

Taylor Kenny:  6-9-2026

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

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

CHAPTERS:

00:00 - Rare S&P 500 Warning Signal

00:29 - Black Monday 1987 Comparison

00:57 - AI Rally or Market Bubble?

02:23 - Shiller PE Ratio Flashes Red

04:15 - Bond Market Signals Real Risk

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

06:06 - Consumer Savings and Sentiment Collapse

07:30 - Dollar Reset Risk and Gold Protection

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

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

Largest Iraqi Fuel Shipment Enters Syria For Global Export

2026-06-08   Shafaq News- Baghdad/ Damascus  More than 150 Iraqi fuel tankers entered Syria on Monday through the Rabia–Al-Yarubiyah border crossing, carrying fuel oil destined for export to global markets, Shafaq News correspondent said.

The convoy, the largest of its kind to enter Syrian territory so far, stopped along the M4 international highway after crossing the border and will continue toward the coastal city of Baniyas before the fuel is shipped to international markets.

In May, Iraq launched its first crude oil export operation through the crossing, dispatching an initial convoy of 70 tanker trucks toward regional markets.

The Rabia–Al-Yarubiyah crossing, which links Iraq's Nineveh province with Syria's Hasakah province, reopened to trade and passenger traffic on April 22 after 13 years of closure caused by security challenges during the fight against ISIS, as well as shifting control and coordination issues along the border.

https://www.shafaq.com/en/Economy/Largest-Iraqi-fuel-shipment-enters-Syria-for-global-export

Oil Retreats After Iran-Israel Ceasefire Takes Hold

2026-06-Shafaq News   Oil prices fell on Tuesday, erasing most of the previous session's gains, ‌after Iran and Israel said they had halted attacks on each other following an appeal from U.S. President Donald Trump, though both sides warned they could resume hostilities.

Brent crude futures were down 91 cents, or 1%, at $93.34 ​a barrel at 0400 GMT, while U.S. West Texas Intermediate declined $1.13, or 1.2%, at $90.17 ​a barrel.

Prices climbed as much as 5% in the previous session after renewed ⁠Israeli strikes on Iran and attacks in Lebanon reduced hopes of an imminent end to ​the wider war, but pared gains after Iran's armed forces announced the end of military operations against Israel.

"While ​there is some relief from the latest pause in direct strikes, investors are not convinced the truce will hold," said Tim Waterer, chief market analyst at KCM Trade.

Iran and Israel said they had halted attacks on each other ​after an appeal from President Trump that they immediately "stop 'shooting'", though Tehran said it would resume strikes ​if Israel continued to hit Hezbollah in Lebanon.

"While this helped stop the situation snowballing, the geopolitical backdrop remains ‌tense, and ⁠a lasting peace deal remains elusive," said Tony Sycamore, market analyst at IG.

Israeli Prime Minister Benjamin Netanyahu said in a video statement carried by Israeli television that Israel would respond with force if Iran attacked again.

Trump told Axios in an interview published on Monday that he warned Netanyahu that he ​might find himself fighting alone ​if he went ⁠back to war with Iran.

"The key question is whether current de-escalation efforts can finally translate into a longer-lasting resolution, or if we're simply in another ​temporary lull," Waterer said.

One of the key issues Washington is pressing Tehran​for in ⁠peace talks is the reopening of the Strait of Hormuz, through which about a fifth of the world's supply of oil passed before the U.S. and Israel launched airstrikes on Iran at the end ⁠of ​February.

On Monday, U.S. forces disabled an unladen oil tanker in the ​Gulf of Oman after it attempted to sail to an Iranian port in violation of the ongoing blockade against Iran, ​the U.S. military said.

(Reuters)  https://www.shafaq.com/en/Economy/Oil-retreats-after-Iran-Israel-ceasefire-takes-hold

Consumer Prices In Iraq Rise 4.3% Year-On-Year In April

2026-06-   Shafaq News- Baghdad   Iraq’s Consumer Price Index (CPI) reached 112.5 points in April 2026, rising 1.7% from 110.6 points in March, according to data released on Monday by the Commission of Statistics and GIS.

Compared with April 2025, when the index stood at 107.9 points, consumer prices increased by 4.3% on an annual basis.    https://www.shafaq.com/en/Economy/Consumer-prices-in-Iraq-rise-4-3-year-on-year-in-April

Basrah Crude Tracks Global Decline With 7% Drop

2026-06-09   Shafaq News- Basrah   Iraq’s Basrah crude fell about 7% on Tuesday, joining a broader downturn across regional and global oil markets.

Basrah Heavy dropped $4.88 to $64.40 per barrel, while Basrah Medium declined by the same amount to $66.50.

Globally, West Texas Intermediate shed $1.13, or 1.2%, to $90.17 per barrel, while Brent crude slipped 91 cents, or 1%, to $93.34.

The Organization of the Petroleum Exporting Countries (OPEC) reference basket eased 0.94% to $100.63 per barrel, while several Middle Eastern benchmarks also recorded losses. Dubai crude fell more than 5% to $90.46 per barrel, Oman crude declined 3.21% to $90.40, Saudi Arabia's Arab Light dropped 4.75% to $100.03, and Kuwait Export crude lost 5.55% to $103.82.

Gold Rises On Israel-Iran Truce Ahead Of US Inflation Data

2026-06-09 Shafaq News    Gold prices firmed on Tuesday, supported by ‌softer oil prices following a fragile Israel-Iran truce, while focus was also on inflation and interest rate hike risks.

Spot gold was up 0.4% at $4,345.71 per ounce, as of 0602 GMT. ​In the previous session, bullion touched its lowest point in more than ​two months.

U.S. gold futures for August delivery were up 0.2% ⁠at $4,370.80.

"The slight easing of tensions between Israel and Iran has tamed oil prices​somewhat and has, by extension, helped gold," said Tim Waterer, chief market analyst at ​KCM Trade.

Iran and Israel said on Monday they had halted attacks on each other after an appeal from U.S. President Donald Trump, though Tehran warned it would resume hostilities if Israel ​continued to hit Hezbollah in Lebanon.

Oil prices eased, erasing most of Monday's gains.

Elevated ​crude oil prices can accelerate inflation, and while gold is seen as a hedge against inflation, ‌higher ⁠interest rates tend to weigh on the non-yielding metal.

Goldman Sachs said it expects the U.S. Federal Reserve to keep interest rates unchanged through 2026 and delay rate cuts until 2027, citing stronger economic activity and jobs growth.

Traders are now pricing in ​a more than ​70% chance of ⁠a U.S. rate hike by December, according to the CME FedWatch tool. FEDWATCH

Investors are bracing for May's U.S. consumer price index ​data, due on Wednesday, to gauge the Fed's monetary policy ​path.

"A return ⁠to $5,500 for gold remains viable by year-end driven in part by central bank demand, but it will likely require cooperation from oil prices, bond yields and the dollar, ⁠which ​would all need to take a turn lower,"​Waterer said.

Spot silver rose 0.4% to $68.45 per ounce, platinum gained 0.3% to $1,759.74, and palladium rose 1.5% to $1,223.44.

(REUTERS)  https://www.shafaq.com/en/Economy/Gold-rises-on-Israel-Iran-truce-ahead-of-US-inflation-data

Dollar Falls In Baghdad And Erbil

 2026-06-09 Shafaq News- Baghdad/ Erbil    The US dollar opened 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 154,100 dinars per 100 dollars, down from the previous session's 154,750 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 154,150 dinars and buying prices at 154,050 dinars.

 https://www.shafaq.com/en/Economy/Dollar-falls-in-Baghdad-and-Erbil-4-7 

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

Good Afternoon Dinar Recaps,

Crypto Industry Rallies Behind CLARITY Act as Senate Vote Window Narrows

More than 200 digital asset organizations are urging lawmakers to act quickly on legislation that could define the future of cryptocurrency regulation in the United States.

 Overview

More than 200 cryptocurrency companies and industry organizations have joined forces to push the U.S. Senate to advance the Digital Asset Market CLARITY Act. Industry leaders warn that continued delays could jeopardize one of the most significant crypto regulatory reforms ever considered by Congress.

Supporters argue the legislation would establish clear regulatory guidelines for digital assets, encourage innovation, and strengthen America's position in the rapidly evolving global digital economy.

Key Developments

1. More Than 200 Crypto Organizations Urge Immediate Senate Action

Major industry groups, including Stand With Crypto, The Digital Chamber, the Blockchain Association, and the Crypto Council for Innovation, delivered a joint letter to Senate leadership urging lawmakers to bring the CLARITY Act to the Senate floor without delay.

The coalition argues that regulatory uncertainty continues to drive investment and innovation overseas, creating risks for America's competitiveness in the digital asset sector.

2. CLARITY Act Would Define Regulatory Authority

A central goal of the legislation is to establish clearer oversight responsibilities between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).

Supporters believe regulatory clarity would provide businesses and investors with greater certainty while encouraging responsible growth across the crypto industry.

3. Industry and Banking Groups Continue Negotiations

While momentum exists behind the legislation, several key provisions remain under debate.

Banking organizations have pushed for restrictions on stablecoin yield products, while crypto advocates continue seeking stronger protections for decentralized software developers and blockchain innovators.

4. Time Is Becoming a Major Factor

Analysts increasingly warn that the legislative window may be closing.

Many observers believe the bill must advance before Congress enters its August recess. With midterm elections approaching later this year, lawmakers may have fewer opportunities to move major financial legislation.

5. Passage Odds Have Declined

Market observers have lowered expectations for passage in 2026 despite growing industry support.

Recent estimates from Galaxy Digital reduced the probability of passage this year from 75% to 60%, citing unresolved negotiations and limited legislative time remaining on the Senate calendar.

Why It Matters

The CLARITY Act represents one of the most important efforts to establish a comprehensive regulatory framework for digital assets in the United States.

The outcome could influence where future blockchain innovation occurs, how digital assets are regulated globally, and whether the United States remains a leader in emerging financial technologies.

Why It Matters to Foreign Currency Holders

• Digital assets are increasingly being integrated into traditional financial systems.

• Regulatory clarity could accelerate institutional adoption of blockchain-based financial products.

• The legislation may influence future payment systems, tokenized assets, and cross-border transactions.

• Global financial markets are closely watching how major economies regulate digital assets.

Implications for the Global Reset

• Pillar 1: Financial Infrastructure Is Evolving

The push for digital asset legislation reflects a broader transformation occurring within global finance. Governments and institutions are increasingly exploring tokenized assets, blockchain networks, and alternative payment systems.

• Pillar 2: Competition for Financial Leadership Intensifies

The United States faces growing competition from nations actively developing crypto frameworks and digital financial infrastructure. Regulatory certainty could become a critical factor in determining where innovation, investment, and financial activity are concentrated.

Closing Insight

The debate surrounding the CLARITY Act extends beyond cryptocurrency. At its core, the legislation addresses how financial innovation will be governed in an increasingly digital world.

As governments, institutions, and investors adapt to emerging technologies, the rules established today may shape the next generation of global financial markets.

The race to define digital finance is no longer about technology alone—it is about who will write the rules for the next financial era.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Cointelegraph — "Over 200 Crypto Firms Push Senate to Pass CLARITY Act"

• Congress.gov — "Digital Asset Market Clarity Act of 2026"

~~~~~~~~~~

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Warsh’s Fed is Unlike Anything we’ve Seen

Warsh’s Fed is Unlike Anything we’ve Seen

Heresy Financial: 6-8-2026

The role of the Federal Reserve has undergone a massive transformation over the past two decades. What began as a focused institution has expanded its reach into areas far beyond its original scope, including climate policy and the management of trillions of dollars in mortgage-backed securities and corporate debt.

While the Fed has historically defended this expanded autonomy under the banner of independence, a new approach is on the horizon. Under the leadership of newly appointed Fed Chairman Kevin Warsh, there is a push to recalibrate the institution, steering it back toward the narrow, core mandates originally authorized by Congress.

At the heart of Warsh’s vision is a return to the foundational principles established by Alexander Hamilton in 1791.

In this model, the central bank functions as a tool to support federal objectives rather than operating as an independent economic policymaker.

Warsh advocates for a modern-day “Treasury-Fed Accord,” echoing the 1951 agreement that sought to draw a clear line between monetary policy and fiscal management.

By subordinating regulatory, fiscal, and international financial functions to Congress and the Treasury, Warsh hopes to restore balance and accountability to the U.S. financial system.

A key component of this strategy involves “balance sheet normalization.” The Fed currently holds a significant volume of mortgage-backed securities and Treasuries—assets accumulated during various market crises.

 Warsh’s goal is to reduce this bloated balance sheet during stable economic periods, returning these functions to the private market. To achieve this, he suggests a path of bank deregulation, which would allow the private sector to absorb Treasuries that the Fed unloads. The ultimate goal is to remove the Fed from active market intervention, allowing it to focus exclusively on its primary duties.

This shift suggests that while the Fed will maintain its fiercely protected independence regarding core monetary policy, it may soon take a backseat in other areas.

Matters such as emergency liquidity facilities and international swap lines could see the Fed deferring more frequently to the influence of the Treasury and Congress. This represents a fundamental change in the U.S. central banking philosophy, moving away from the autonomous oversight of the last twenty years and toward a more traditional, subordinate relationship with the government.

As these changes unfold, the long-term impact on financial markets and the broader economy remains a subject of intense debate. This transition is not merely operational; it is a major philosophical pivot that could reshape how the American financial system functions for years to come.

TIMECODES

00:00 The Fed Has Expanded Its Power

00:49 Kevin Warsh Wants To Rein In The Fed

01:17 America’s First Central Bank

02:07 Jefferson vs Hamilton’s Central Bank Vision

02:42 How The Federal Reserve Changed Over Time

03:30 The New Treasury Fed Accord

04:05 Who Controls What?

04:26 Draining The Fed Balance Sheet

05:18 Who Buys The Treasuries Next?

05:43 Bank Deregulation As The Fix

06:15 Where Fed Independence Actually Applies

 07:09 A More Hamiltonian Federal Reserve

07:29 The Fed Must Stay In Its Lane

07:57 Treasury Influence Over The Fed

08:09 The Swap Line Question

09:25 Fed Independence And International Finance

 09:40 The Fed Working With Treasury

09:57 Tighter Fed Treasury Coordination

10:18 What This Means For Markets

10:34 The Money Printer Warning

https://www.youtube.com/watch?v=DnrHytaj8JU

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

Good Morning Dinar Recaps,

Dollar Retreats as Geopolitical Fears Ease While Interest Rate Pressures Build

Currency markets are shifting focus from Middle East tensions to inflation, interest rates, and the growing cost of global borrowing.

 Overview

The U.S. dollar pulled back from a two-month high after signs of easing tensions between Iran and Israel reduced demand for traditional safe-haven assets. While geopolitical concerns remain unresolved, investors have largely turned their attention back to monetary policy, inflation trends, and the prospect of additional interest rate increases.

The move highlights a growing tug-of-war between geopolitical stability and central bank tightening, both of which continue to influence global capital flows, currency valuations, and financial markets.

Key Developments

1. Dollar Falls as Safe-Haven Demand Weakens

Reports suggesting a pause in direct military exchanges between Iran and Israel helped reduce immediate fears of a broader regional conflict.

As investor anxiety eased, demand for the U.S. dollar as a safe-haven asset declined, causing the dollar index to move lower after reaching its strongest level in nearly two months.

2. Interest Rate Expectations Continue to Support the Dollar

Despite the decline, traders remain focused on the possibility of additional rate hikes by both the Federal Reserve and the European Central Bank.

Persistent inflation concerns and resilient economic data continue to support expectations that borrowing costs may remain elevated longer than previously anticipated.

3. Global Currency Markets React

The euro and British pound posted modest gains against the dollar as investors adjusted positions.

Meanwhile, the Japanese yen remained under pressure near levels that many market participants believe could trigger intervention by Japanese authorities.

Commodity-linked currencies such as the Australian and New Zealand dollars also strengthened as risk sentiment improved.

4. Bond Markets Reinforce Higher-Rate Environment

Rising U.S. Treasury yields continue to provide underlying support for the dollar despite short-term fluctuations.

Investors increasingly view higher interest rates as a structural feature of the global economy rather than a temporary policy response.

5. Financial Markets Await Key Economic Data

Upcoming inflation reports and central bank announcements are expected to play a major role in determining the next direction for currency markets.

Any indication that inflation remains stubbornly high could strengthen expectations for additional tightening measures across major economies.

Why It Matters

Currency markets sit at the center of the global financial system. Movements in the U.S. dollar influence trade flows, commodity prices, international borrowing costs, and capital investment decisions.

As geopolitical concerns temporarily recede, investors are once again focusing on inflation, debt levels, and monetary policy—factors that will shape economic conditions throughout the remainder of 2026.

Why It Matters to Foreign Currency Holders

• Dollar fluctuations directly affect exchange rates and purchasing power.

• Higher interest rates increase borrowing costs globally and influence capital flows.

• Currency volatility often signals broader changes in the international financial system.

• Central bank policies remain a key driver of future currency valuations.

Implications for the Global Reset

• Pillar 1: Monetary Policy Remains the Dominant Economic Force

Central banks continue to exert significant influence over global liquidity, investment flows, and economic growth. Expectations surrounding future rate decisions are increasingly shaping market behavior.

• Pillar 2: Global Capital Is Repositioning

Investors are adjusting portfolios to account for a prolonged period of higher interest rates, changing trade patterns, and shifting geopolitical risks. These adjustments are gradually reshaping the global financial landscape.

Closing Insight

While geopolitical tensions continue to generate headlines, financial markets are increasingly focused on a more fundamental challenge: the long-term consequences of elevated interest rates and persistent inflation.

The next phase of the global economy may be determined less by military conflicts and more by how governments and central banks manage debt, inflation, and currency stability.

As geopolitical fears fade, the battle for the future of the financial system shifts back to inflation, interest rates, and the value of money itself.

Seeds of Wisdom Team

Newshounds News™ Exclusive

Sources

• Modern Diplomacy — "Dollar Falls From Two Month High as Middle East Tensions Ease and Rate Hike Bets Rise"

• Reuters — "Global Currency Markets Focus on Inflation and Interest Rate Outlook"

~~~~~~~~~~ 

🌱 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 Tuesday Morning 6-9-26

Britain Is Investing £1.1 Billion To Build A National Artificial Intelligence Empire.

Money and Business   Britain has announced a new £1.1 billion plan to boost its domestic artificial intelligence (AI) capabilities, including the construction of a new national supercomputer and funding for chip manufacturers, as part of its efforts to strengthen technological sovereignty and reduce reliance on foreign suppliers.

The plan follows Prime Minister Keir Starmer's announcement during London Technology Week of £400 million earmarked for the purchase of AI-focused chips. The strategy includes the creation of a £750 million national AI supercomputer, slated to be operational by 2030. 

The project will utilize a hybrid chip system combining existing processors with next-generation technologies, aiming to provide advanced computing capabilities to support research and industrial applications. £400 million of the project's budget has also been allocated for investment in next-generation chips, including £150 million for the purchase of inference chips from British companies this summer. 

Supporting the local chip industry , the plan includes the creation of an investment fund led by the US-based company Playground Global, with up to £150 million in backing from the British Business Bank, to invest in companies developing artificial intelligence devices and technologies within the UK. 

This funding represents the largest single investment made by the British Business Bank in this sector. Playground Global also announced that it will open its first office outside the US in the UK, a move reflecting the growing attractiveness of the British market for advanced technology companies. Funding innovation and skills development: 

The government has allocated £120 million to an innovation program aimed at funding British companies working on the design, development, and testing of advanced electronic chips. It has also increased total funding for skills development in the AI ​​devices sector to £80 million, including £45 million to support training and development programs for emerging talent.

https://www.economy-news.net/content.php?id=70014

Bitcoin's $235 Billion Loss In Value Reveals A Major Shift In The Cryptocurrency Market.

Money and Business   Economy News - Follow-up   The digital currency "Bitcoin" is the best indicator for understanding what is happening in the cryptocurrency market as a whole. When the value of the world's largest digital currency rises, money flows into startups, high-risk capital funds, trading platforms, and thousands of cryptocurrencies. When the value of Bitcoin collapses, companies disappear, funding dries up, and the activity of the cryptocurrency market as a whole slows down.

Bloomberg News reported that Bitcoin is not just the largest digital asset, but the center of gravity of the entire cryptocurrency economy, but some of the world's fastest-growing cryptocurrencies are operating with a different logic than what has prevailed in the past.

Last Friday, Bitcoin's value plummeted to below $60,000 per unit, continuing its decline that has erased about half of its value compared to its all-time high recorded last year.

This heavy selling of Bitcoin was driven by an outflow of funds from exchange-traded funds, a boom in artificial intelligence stocks competing for the attention of individual investors, and growing doubts about the ability of large corporate investors, who helped drive the earlier rise of the popular currency, to continue accumulating.

Bitcoin's price stabilized in trading on Monday at around $64,200 per unit, as Strategy& resumed buying the currency. The largest digital currency lost about $235 billion in market value during the seven days ending June 7, according to data compiled by Bloomberg.

Much of the alternative cryptocurrency market has been experiencing a deeper contraction prior to the recent decline in Bitcoin's value. The market capitalization of alternative currencies, which are digital tokens other than Bitcoin, peaked at $431 billion in November 2021, while its value currently does not exceed $170 billion, according to data from the economic data company TradingView.

Global Payments System

Cryptocurrencies, also known as stablecoins, have become an integral part of the global payments system, with annual transaction volumes reaching approximately $390 billion, according to data from McKinsey & Company and Artemis Analytics.

Wall Street firms are racing to value stocks, bonds, and exchange-traded funds in stablecoins, while banks that once rejected blockchain technology (cryptocurrencies) are now beginning to experiment with it, and payment companies are integrating digital dollars into their payment systems.

Eric Jackson, founder and chief investment officer of EMJ Capital, a technology-focused hedge fund, said: "Bitcoin's price action used to tell the whole story of cryptocurrencies... but that's no longer the case. Price and usage are not, and shouldn't be, the single measure of cryptocurrencies." https://www.economy-news.net/content.php?id=70030

The Ministry Of Transport Announces An Update To The Joint Work Agreement Regarding Air Traffic Management With Türkiye

Money and Business    Economy News – Baghdad   The Ministry of Transport - General Company for Air Navigation Services announced on Tuesday the updating of the joint work agreement for air traffic management with the Republic of Turkey, as a strategic step, the first of its kind since June 2016.

The company’s assistant general manager, Ahmed Emad Ahmed, said in a statement received by “Al-Eqtisad News” that “this update comes based on the sound directives and continuous support of the Minister of Transport, Wahab Al-Hassani, and in response to the decisions of the esteemed Council of Ministers, which stipulate reducing the distances between aircraft (reducing the longitudinal air separation).”

He added that "the new update included essential provisions aimed at reducing air traffic intervals between the two countries to 15 miles, which increases the capacity of Iraqi airspace and is in line with regional procedures followed within the recovery plan for air navigation at the regional and global levels and the expected flow of aircraft traffic."

He pointed out that "updating this agreement confirms the commitment of Iraqi air navigation to apply the highest international standards and keep pace with the requirements adopted by the International Civil Aviation Organization (ICAO) and the instructions of the Iraqi Civil Aviation Authority in a way that ensures the safety and smooth flow of air traffic in the country."

https://www.economy-news.net/content.php?id=70036

Reports: Global Spending On Nuclear Weapons Reached Approximately $119 Billion By 2025

Money and Business     Economy News - Follow-up   Nuclear powers increased their spending on their arsenals to a record high of nearly $119 billion last year, a 19% increase, a trend that is expected to continue for decades, according to a report published Tuesday.

A report by the International Campaign to Abolish Nuclear Weapons showed that the nine countries that possess nuclear weapons (the United States, Russia, China, the United Kingdom, France, India, Israel, Pakistan and North Korea) spent about $17 billion more on their arsenals last year than they spent in 2024.

The report warned that, amid escalating geopolitical tensions, a "new nuclear arms race is looming" and is expected to last "for decades."

Suzie Snyder, an official with the organization who helped draft the report, said that increased spending on nuclear arsenals, coupled with concerns that artificial intelligence could increase the risk of nuclear weapons use, is extremely worrying.

"I'm terrified," she told AFP.

The report showed that Washington spent more than all other countries combined, spending $69.2 billion on nuclear weapons in 2025, an increase of $12.4 billion from the previous year.

China followed, spending $13.5 billion last year according to the report, then Britain with $12.6 billion and Russia with $9.5 billion.

The organization, which won the 2017 Nobel Peace Prize, found that the nine countries had spent more than $470 billion on their arsenals over the past five years.

These investments are expected to grow in the future.

By examining long-term spending growth projections, the organization highlighted figures from Britain, France and the United States showing plans to spend billions of dollars developing and maintaining these weapons systems into the next century.

She added that other countries are also introducing new weapons systems with a long service life.

The researchers said the huge sums being spent are shocking, especially at a time when the global humanitarian system is suffering from major funding cuts.

Snyder noted that "what these countries spent in 2025 could have covered 32 years of the UN's operating budget," adding that one day's spending on nuclear weapons last year could have provided food security for more than two million people.

The official continued, "Instead of providing assistance or ensuring basic services such as healthcare for their citizens, nuclear-armed states have been investing in an arsenal that they themselves know they cannot use without committing a war crime."

https://www.economy-news.net/content.php?id=70042

Trade: Launching A System For Selling Construction Materials In Installments To Employees Of Government Departments

Money and Business Economy News – Baghdad    The General Company for Trading in Construction Materials, one of the formations of the Ministry of Trade, announced on Tuesday the launch of its new initiative to sell construction materials in an easy installment system to all employees of state departments and institutions.

The company’s general manager, Areej Hussein Al-Jumaili, said that “the company decided to launch its new initiative to sell construction materials in an easy installment system to all employees of state departments and institutions,” explaining that “this initiative comes within the framework of the company’s vision to enable citizens to obtain building supplies of reputable international origins and with direct guidance from the Minister of Trade, Mustafa Nizar Al-Ani.”

She added that "the initiative comes at competitive prices compared to local market prices," noting "an exceptional feature of this initiative, as construction materials will be sold on an installment system at the same cash price without adding any interest or additional amounts to the total value of the materials, as a contribution from the company to support the Iraqi employee and facilitate the construction and renovation process."

She explained that "the administration has put in place a flexible and easy administrative and legal mechanism to complete the installment procedures in a way that ensures the smooth flow of work and speed of completion while fully preserving public funds and guaranteeing the company's rights, which allows employees to benefit from this service without routine complications."

According to the statement, the company called on "all those wishing to benefit from this initiative to visit its branches spread across the governorates or to review the sales departments at the company headquarters to see the available product lists and to learn about the approved controls and mechanisms."

https://www.economy-news.net/content.php?id=70044