Tues. AM Iraq News Posted by Tishwash at TNT 6-30-2026

TNT:

Tishwash:  A politician reveals that the arrest of Al-Sudani and Al-Halbousi has been postponed until the next round of arrests.

The director of the Iraqi Media Center in Washington 

Nizar Haider, revealed on Monday that the arrest warrants for the head of the Progress Alliance, Mohammed al-Halbousi, and former Prime Minister Mohammed Shia al-Sudani remain in effect and will be executed within the next few days on charges related to corruption and money laundering. 

Haider told Al-Maalomah News Agency that "the Integrity Commission will execute arrest warrants within the next few days against former Prime Minister Mohammed Shia al-Sudani and the head of the Progress Alliance, Mohammed al-Halbousi, for their involvement in stealing huge sums of money and transferring them to foreign banks, in addition to possessing a fortune equivalent to the budgets of some countries." 

He added that "the US Federal Reserve has placed al-Sudani and al-Halbousi at the top of its list of most wanted individuals for their involvement in corruption cases during their tenure in leadership positions in the central government," clarifying that "the arrest of al-Sudani and al-Halbousi has been postponed until the coming days, and what has been rumored about political settlements to cancel the arrest warrants is baseless."

He added that "Prime Minister Ali al-Zaidi's office, in coordination with the Counter-Terrorism Service, will pursue those involved in stealing huge sums of money from the country's treasury in hard currency and imprison them to recover the stolen funds."   link

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Tishwash:  Al-Zaydi directs the opening of a special account to collect funds "looted" from public property in Iraq

 Iraqi Prime Minister Ali Faleh al- Zaidi has instructed the Minister of Finance to open a special bank account – not for savings, but to recover millions of dollars looted from public assets . This is the first practical step to recover stolen funds through legal proceedings against officials
implicated

in the “ Dawn ” campaign . The Prime Minister ’s legal advisor , Munir Haddad , told Rudaw Media Network : “ Those accused of stealing public funds and plundering the Iraqi state in recent years will be tried and punished according to the Iraqi Penal Code and other relevant laws pertaining to money laundering and crimes against public funds .

The judiciary and the government will not be satisfied with merely recovering the funds ; the government is determined to combat corruption and eradicate corrupt individuals , showing no favoritism to anyone , regardless of their position.”

The scope of arrests in the “Dawn” campaign has widened, and some of the accused officials fled before security forces arrived , but the search for them continues . Badr Alliance MP Noor Adel told Rudaw Media Network : " Unfortunately, today, the highest legislative authority , when you become an MP, makes you subject to questioning , accusation , and..."

Extortion and other such practices— let them clean up all the institutions . We agree that they should start with us first, and God willing , it will reach its end, God willing , there will be a solution, and God willing , the people will see the light.”

The Iraqi government officially announced that the operation would continue, emphasizing that no foreign forces other than Iraqi forces were participating . Operation Dawn is not just a military name ; it is a true test of the rule of law in Iraq, and Iraqis hope that these reforms will target the “ big fish” who operate behind the scenes and not just the “ small fry .”  link

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Tishwash:  To combat waste and corruption: The Law for the Protection of Currency Issuance in Iraq

 According to official statements issued by the Central Bank of Iraq, the total volume of Iraqi currency in circulation is 100 trillion dinars. Based on relevant statements and analyses, 70% of this currency is not circulating within the national banking sector (both public and private) and is hoarded by individuals and companies for various purposes.

The presence of cash outside the banking system has numerous negative consequences and risks for the economy. Holding cash is different from saving and hoarding money; its presence in such quantities reduces the money supply and creates an impression of illicit activity.

It also exposes its holders to various risks, including theft, assault, and damage. Furthermore, the existence of unused cash creates an incentive to convert it into other forms, some of which are detrimental. Some resort to converting dinars into foreign currencies, most notably the dollar, which puts undue pressure on demand and leads to higher exchange rates in the parallel market. Others use it for real estate purposes, such as land and buildings, creating high demand and price imbalances.

Cash can also... It is diverted to stagnant and economically unproductive uses such as gold, diamonds, and the acquisition of expensive items like watches and accessories. This encourages the illegal trade of bringing in these goods through outlets outside the authority of the state, which already exist.

The hoarding of cash is not always due to weaknesses in the banking sector. It may stem from a reluctance to disclose the source of the funds deposited. Those who hoard cash can certainly be divided into categories.

The first consists of public and private sector employees with surplus income who haven't found suitable ways to invest it. The second comprises business owners and investors across various sectors who receive high revenues and profits and prefer to keep all or part of their earnings in cash, believing it to be the safest and most flexible method of investment.

The third category is largely made up of tax evaders who don't want to disclose their wealth and are waiting for an opportunity to convert it into concealed assets. The most dangerous category consists of corrupt individuals, thieves, and those with ill-gotten gains who fear exposure due to the suspicions and questions that such figures raise.

Finally, there is a category of people who cannot publicly disclose their financial dealings because the source of their funds is unknown. Illicit trade in prohibited substances such as drugs and weapons increases the hoarding of money whenever there are pressures, restrictions, or fears to convert it into funds through investments or deposit it outside the country. It is certain that the crises that befell the banks of neighboring countries are related to the increase in hoarding of money within the country.

The issue of hoarding cash is not hidden from any official body. The Central Bank is the one that announces the decrease in the percentage of uncirculated currency issued from time to time. The case of (A.J.), which is expected to be a gateway to revealing corruption, is what stirred people's feelings about the subject, especially after showing scenes and pictures that reveal the hiding of billions in miserable ways and the burning of millions of dollars.

 According to leaks and expectations, there are trillions hidden in various ways in places chosen by cash hoarders. This is a serious and important matter, especially when a percentage of the currency issued is unused or in the possession of thieves and corrupt people, with the possibility of it being damaged when the refuge is burning, burying, or other reactions. All of these things happened and are happening because the authority responsible for currency did not find the appropriate methods to attract and bring that money into local circulation.

Current instructions impose restrictions on the amount that a traveler can take out not exceeding $10,000, with the prohibition of taking out the dinar commission outside of official transfers.

We believe it has become essential for legislative and executive bodies to adopt a draft law (or amend an existing law) accompanied by regulations and instructions aimed at protecting the issuance of currency, without infringing upon personal freedoms and property rights guaranteed by the constitution and laws. This can be achieved through several means and tools.

The first of which is: setting a maximum limit for cash holdings, whereby any natural or legal person is prohibited from holding liquid cash exceeding 100 million dinars or the equivalent of 50,000 US dollars in foreign currencies outside the banking system. Any amount exceeding this must be deposited within six months of the law's enactment.

The second is: restricting transactions to banks and subjecting all sales, purchases, and transfers of goods and services exceeding 10 million dinars to payment through banking channels (check, transfer, card, electronic wallet), making cash payments a violation with penalties.

The third is: activating the "From Where Did You Get This?" law, requiring every depositor with an amount exceeding 50 million dinars to disclose the source of funds, and obligating banks to audit and report any suspected money laundering.

Fourth: Criminalizing the destruction and concealment of currency. Destroying, burning, burying, or concealing the national currency is considered a violation of sovereignty and a crime of economic sabotage, punishable by imprisonment for 5-10 years plus a fine many times the amount.

Fifth: Tax clearance for valuable goods. Purchasing, importing, and trading any commodity or possession exceeding 50 million dinars in value (real estate, car, gold, watches, precious items) requires submitting a tax clearance certificate and payment exclusively through the banking system.

Sixth: Bank transparency. The Central Bank shall require government and private banks to adopt transparent windows for transfer and deposit operations, similar to the dollar sale window, and to publish a weekly report on the volume of major deposits and withdrawals. Seventh: Granting a reward of 5% of the seized amount to anyone who reports illegal cash outside the regulations, with a guarantee of legal immunity for the informant and confidentiality of information. link

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Tishwash:  Al-Zaydi: I will not receive a salary and I will not accept a gift... and the employees' salaries are guaranteed.

 Prime Minister Ali Al-Zidi confirmed on Monday that the salaries of state employees are secure and regular, while renewing his pledge not to receive a salary or accept any gift, and announced proceeding with the establishment of an energy and development fund.

Al-Zaydi said in a press statement followed by Al-Furat News that “the salaries of state employees are secured and regular, and we are very keen on this point,” indicating that “the size of the debt at the beginning of the government’s work amounted to about 208 trillion dinars, while the budget depends on oil by 93%, compared to 7% non-oil revenues.”

He added: “I will not receive a salary, nor will I accept a gift, even if it is a necktie, and my hands will not touch public money,” stressing that “the government will direct the Minister of Finance to open a special account to recover Iraq’s money from those who were involved with it, and we will take a different stance with anyone who refuses to return it.”

He pointed out that "the National Sovereignty Conference will be announced at the end of this year, and will enshrine the monopoly of power in the hands of the state and its agencies only," noting that "the government will not run for another term and will not establish a political party, nor will it allow any dictates from outside the borders, neither from the East nor from the West."

Al-Zaidi explained that "his next visits after Washington will be to Türkiye, Iran and Saudi Arabia, in addition to receiving invitations to visit France, Britain and Germany."

On the economic front, Al-Zaydi announced the establishment of the “Energy and Development Fund” with contributions from the Central Bank of Iraq, which will be offered for public subscription. He indicated that the government will extend an invitation to Saudi Arabia, the UAE, and Qatar, in addition to American and European banks, to contribute to the fund, which will focus on financing development, industry, agriculture, and other sectors.  link

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Tishwash:  From markets to screens: How has e-commerce changed Iraqis' consumer habits?

 E-commerce expert Mohammed Salman Al-Amiri confirmed on Monday (June 29, 2026) that Iraq is witnessing a rapid shift in consumption patterns, driven by digital developments and the spread of communication and e-commerce applications, which has changed consumer behavior and methods of purchasing and payment in recent years.

Al-Amiri told Baghdad Today that the great development in digital technologies and the emergence of dozens of electronic applications have provided unprecedented flexibility in communication and exchange of services, which has directly affected the daily lives of Iraqi families, especially in shopping methods and meeting needs.

Online shopping and delivery services are leading the way.

He explained that a large segment of citizens now rely on purchasing their needs through social media platforms and electronic applications, especially in the areas of food, clothing and household appliances, in conjunction with the continuous expansion of delivery services that have become an essential part of commercial activity inside and outside cities.

He added that "delivery" services are no longer limited to residential neighborhoods or city centers, but have expanded to include the transport of goods and orders between governorates through companies and digital platforms that connect stores with consumers directly, noting that the rates of reliance on this type of shopping are recording annual growth ranging between 10 and 25%.

Ready-made meals top consumer priorities

Al-Amiri explained that the demand is no longer focused on traditional goods only, but has increasingly extended to ready-made meals and food, which have become a daily choice for a large number of families, especially families where both spouses work or employees face time constraints.

Continued growth despite the challenges

He pointed out that the digital transformation also included payment methods, with the increasing use of bank cards and electronic financial services, compared to a relative decline in reliance on cash among a segment of citizens, despite the continuation of some concerns related to the security of electronic payments and the previous experiences of some users.

He stressed that market indicators show the continued expansion of e-commerce and digital financial services in the coming years, with expectations of an increase in the number of users who will rely on bank cards and electronic wallets as a primary means of purchasing, saving, and conducting daily transactions.

Over the past decade, Iraq has witnessed a remarkable expansion in the use of the internet and smartphones, which has contributed to the growth of e-commerce, delivery services, and digital payment.

Experts believe that this transformation is reshaping Iraqi consumer behavior and creating new economic opportunities, but it requires developing the digital infrastructure and enhancing confidence in the electronic payment system.  link

Seeds of Wisdom RV and Economics Updates Monday Night 6-29-26

Supreme Court Ruling Raises New Questions About Federal Reserve Independence

Two U.S. Supreme Court decisions have preserved the Federal Reserve's independence for now, but legal experts warn that the central bank's protection from political influence now rests on a razor-thin majority that could shift with a future Court.

Overview

• The Supreme Court preserved the Federal Reserve's independence in a narrow 5-4 ruling while broadly expanding presidential authority over most independent federal agencies.

• Legal scholars warn that the Fed's constitutional protections now depend on a single Supreme Court vote.

• The decision introduces new long-term uncertainty for monetary policy, financial markets, and investor confidence.

1. Two Supreme Court Decisions Reshape the Debate

The U.S. Supreme Court issued two significant rulings that together redefine the legal landscape for independent federal agencies.

In a 6-3 decision, the Court ruled that presidents have broader authority to remove leaders of most independent agencies without having to demonstrate cause. However, in a separate 5-4 ruling, the Court carved out an exception for the Federal Reserve, recognizing its unique role in safeguarding monetary stability and insulating it from direct political pressure.

As a result, Federal Reserve Governor Lisa Cook remains in office, and the Fed's current governance structure remains intact.

2. Why the Margin Matters

According to Harvard Law Professor Noah Feldman, the concern is not the immediate outcome but the narrow margin supporting the Fed's independence.

Because the decision was decided 5-4, a single change in the Court's composition could allow a future challenge to overturn the precedent. Feldman argues that an institution responsible for guiding the world's largest economy should not rely on such a narrow constitutional safeguard.

3. Markets May Watch Future Legal Challenges Closely

The Federal Reserve's credibility depends heavily on its ability to make monetary policy decisions free from political influence.

Although the Court reaffirmed the Fed's special status, investors now face greater uncertainty over how future administrations—or future Supreme Courts—might revisit the issue.

Financial markets generally value central bank independence because it promotes confidence in long-term inflation management, interest rate policy, and overall economic stability.

4. Broader Implications for Financial Markets

The ruling extends beyond constitutional law.

A weaker perception of Federal Reserve independence could influence bond markets, currency valuations, equity markets, and digital assets, all of which respond to expectations surrounding monetary policy.

For cryptocurrency markets, increased uncertainty surrounding Federal Reserve governance may contribute to heightened volatility as investors reassess macroeconomic risks.

Why It Matters

Central bank independence has long been viewed as a cornerstone of financial stability. Even without immediate policy changes, uncertainty surrounding the Federal Reserve's legal protections may influence investor confidence and shape expectations for future monetary policy decisions.

Why It Matters to Foreign Currency Holders

Foreign exchange markets are highly sensitive to Federal Reserve policy. Any future uncertainty regarding the Fed's independence could affect interest rate expectations, U.S. dollar strength, global capital flows, and the broader monetary environment closely watched by foreign currency holders.

Implications for the Global Reset

• Pillar 1 – Debt

The Federal Reserve plays a central role in managing interest rates, inflation, and government borrowing costs. Questions surrounding its independence could influence debt markets and global monetary stability.

• Pillar 2 – Assets

Investor confidence in central bank independence affects capital allocation across stocks, bonds, precious metals, and digital assets as markets respond to changing perceptions of monetary policy credibility.

Closing Thoughts

While the Supreme Court preserved the Federal Reserve's independence for now, the narrow margin of the ruling ensures the debate is far from settled. Future changes in the Court's composition—or new legal challenges—could once again test the constitutional protections surrounding one of the world's most influential financial institutions.

This is not just about one Supreme Court ruling—it reflects the ongoing balance between political authority, central bank independence, and confidence in the global financial system.

Seeds of Wisdom Team

Newshounds News™ Exclusive

Sources

• Crypto Briefing — Supreme Court Faces Instability Over Federal Reserve Independence, Says Feldman
  

• Reuters — U.S. Legal News and Federal Reserve Coverage

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Seeds of Wisdom RV and Economics Updates Monday Afternoon 6-29-26

Housing Affordability Bill Heads to Trump as Congress Clears Major Bipartisan Reform

House Speaker Mike Johnson confirmed the bipartisan housing affordability bill will be delivered to President Donald Trump on Monday, reviving momentum for one of the most significant U.S. housing reform packages in decades.

Overview

• House Speaker Mike Johnson announced the housing bill will be sent to President Trump on Monday after a brief delay.

• The legislation passed both the House and Senate with overwhelming bipartisan support and aims to expand housing supply while lowering costs.

• The bill reflects growing efforts to address America's housing affordability crisis through regulatory reform, increased construction, and limits on institutional home purchases.

Key Developments

1. Johnson Confirms Bill Will Be Delivered

Speaker Mike Johnson said the House will formally transmit the bipartisan housing affordability legislation to President Donald Trump on Monday.

The bill's delivery follows several days of uncertainty after President Trump postponed a planned signing ceremony while encouraging Congress to advance separate election-related legislation. Despite the delay, Johnson emphasized that the housing package remains a top legislative priority.

2. What the Housing Bill Does

Known as the 21st Century ROAD to Housing Act, the legislation seeks to improve housing affordability through several reforms, including:

• Expanding the nation's housing supply.

• Reducing regulatory barriers that slow residential construction.

• Encouraging affordable housing development.

• Limiting large institutional investors from acquiring additional single-family homes.

• Modernizing federal housing and community development programs.

3. Why Housing Remains a National Priority

Housing affordability has become one of the nation's largest economic concerns as elevated mortgage rates, limited inventory, and rising construction costs continue to pressure homebuyers.

Lawmakers from both parties have argued that increasing supply while reducing unnecessary regulations could help improve affordability over the long term, although many economists caution that meaningful improvements will likely take time.

4. What Happens Next

Once delivered to the White House, President Trump can sign the legislation into law, allow it to become law without a signature under constitutional procedures, or veto it.

Because the measure received overwhelming bipartisan support in both chambers, it represents one of the most broadly supported pieces of domestic legislation passed during the current Congress.

Why It Matters

Housing affordability affects economic growth, household wealth, inflation, and consumer confidence. Expanding housing supply could improve access to homeownership while supporting construction activity and long-term economic stability.

Why It Matters to Foreign Currency Holders

A healthier U.S. housing market supports broader economic stability, influencing interest rates, capital flows, and confidence in the U.S. dollar. Improvements in housing supply and affordability may also reduce inflationary pressures that affect global monetary policy.

Implications for the Global Reset

• Pillar 1 – Debt

Greater housing affordability may ease financial pressure on households while improving long-term economic resilience and reducing borrowing stress.

• Pillar 2 – Trade

Expanded residential construction increases demand across manufacturing, building materials, transportation, and supply chains, supporting broader economic activity.

Closing Thoughts

The bipartisan housing legislation represents one of the most significant federal housing initiatives in years and reflects growing recognition that expanding supply is essential to improving affordability. While the bill alone is unlikely to solve America's housing shortage, it establishes a framework for reducing regulatory barriers and encouraging new development.

This is not just about housing—it reflects broader efforts to strengthen the U.S. economy by improving affordability, expanding investment, and modernizing critical domestic infrastructure.

Seeds of Wisdom Team

Newshounds News™ Exclusive

Sources

• Reuters — Housing bill will be sent to Trump on Monday, U.S. House speaker says
  

• Reuters — House speaker to send housing bill to White House following meeting with Trump 

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Monday AM Iraq News Posted by Tishwash at TNT 6-29-2026

TNT:

Tishwash:  A high-ranking source: Several individuals accused in corruption cases were arrested based on Al-Jumaili's confessions. 

A high-level source reported on Sunday that a number of suspects in corruption cases have been arrested, based on confessions made by the Undersecretary of the Ministry of Oil, Adnan al-Jumaili.

The source told the Iraqi News Agency (INA) that “a number of individuals accused in corruption cases were arrested based on confessions made by the Deputy Minister of Oil, Adnan al-Jumaili,” noting that “the arrests included members of parliament whose immunity had been lifted and officials whose names appeared in those confessions.”

The source added that “Prime Minister Ali Falih al-Zubaidi will not hesitate to pursue those involved in corruption and the misappropriation of state funds.”  link

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Tishwash:  From Baghdad to Ankara: Money laundering networks for corrupt officials in Iraq exposed

A Syrian source revealed on Sunday the existence of money smuggling networks operating between Iraq, Syria, and Turkey.

The source told the Information Agency: "There is a money smuggling network managed by Syrian figures. Smuggled funds are transferred to certain Iraqi political figures accused of corruption, including individuals close to Sarmad al-Khanjar, son of the head of the Sovereignty Alliance, and Mohammed al-Halbousi, head of the Progress Party, as well as other figures associated with Muthanna al-Samarrai."

The source added that "Syrian figures close to Turkish-backed factions, such as the former Hamza Division (which was later integrated into the 76th Division, a unit of the de facto government's Ministry of Defense), are also involved." The source explained that "this division oversees the smuggling of funds from Iraq to Syria, and then their transfer to Turkey."

He confirmed that "the mastermind behind this network is a Syrian man residing in the Aleppo countryside and close to Turkey, named Abdul Rahman al-Mawali," explaining that "this network works to smuggle millions of dollars for corrupt figures linked to corruption cases in Iraq, depositing them in Turkish banks under the names of Syrians."  link

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Tishwash:  Government advisor: Recovering looted funds enhances the climate of trust and transparency.

The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed on Sunday that recovering public funds looted due to corruption enhances the climate of trust and transparency.

Saleh said in a press statement that “recovering public funds that have left the economic cycle due to corruption or misappropriation of public funds is not only important in terms of its direct financial value, but also reflects a clear governmental will to combat corruption and restore the rights of the state, which enhances the confidence of citizens and investors in national institutions.”

Recovering stolen funds

He added that “the recovered funds contribute to easing the pressures on the general budget and reducing the need for borrowing, as well as providing additional resources that can be directed towards developing infrastructure and the health, education, housing and basic services sectors.”

He pointed out that “returning these funds to the official cycle of the national economy stimulates economic activity and supports government investment spending, especially if they are employed in productive and developmental projects capable of creating job opportunities and stimulating sustainable growth.”

Saleh explained that “the state’s success in pursuing and recovering looted funds sends reassuring messages to the local and international business community, enhances the climate of trust and transparency, and encourages attracting more investments.”

He explained that “integrating these funds into national development plans and Iraq’s Vision 2050 makes them an effective tool to support economic reform and achieve sustainable development goals.”  link

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Tishwash:  Calls for a mutually beneficial economic partnership with Washington

 In light of what the Prime Minister has put forward regarding moving towards economic cooperation with the United States of America, economic experts explained that Iraq seeks to invest in the Strategic Framework Agreement with the United States to reduce total dependence on oil revenues, as the visit of the Prime Minister, Ali al-Zaidi, to Washington falls within the efforts to strengthen economic relations and transform them “from military to economic partnership.”

 The necessity of partnership

In this regard, international economic expert Dr. Nabil Al-Abadi explained that the economic partnership with America must be economically viable and stem from genuine integration between the two countries, as Iraq possesses the resources and the United States possesses the technology. 

Capital and expertise.

Al-Abadi added, in an interview with Al-Sabah, that Iraq, which suffers from a fragile rentier economy and structural inflation, therefore partnership is not a strategic option but a necessity for restructuring it, provided that we read it with the logic of mutual gain and not dependency, pointing out that the benefits are not in loans, but in technology transfer, as America has an energy revolution (associated and shale gas) and water management and smart agriculture technologies, and Iraq needs a technical partnership, not a financial one, that moves it from importing technology to localizing it. Likewise, restructuring the Iraqi banking sector according to FATF standards should not be seen as guardianship, but as a gateway to integration into the global financial system, which will attract non-oil investments.

Partnership pillars

He believed that the partnership should be based on three pillars. The first is that there should be no contract without a binding timetable for completion, and no project without an Iraqi employment rate of no less than 60%. The second pillar is oil for expertise, not oil for debt, meaning we do not accept loans that drain liquidity, but rather partnerships in the field of renewable energy and infrastructure in exchange for facilities for American companies, to balance the trade balance. He added that the third and final pillar is that there should be no signing of comprehensive agreements in haste, but rather the partnership should be sectoral (energy, health, education) and decomposable, so that we are not held hostage to a single file.

The international economist warned against treating this partnership as a "political project," explaining that if the "Deal of the Century" remains merely a declaration of intent, we will lose a golden opportunity. The American market is the largest in the world, but it is unforgiving. We must raise our ambitions from simply being oil suppliers to becoming partners in supply chains (especially for rare earth minerals found in the mountains of Iraq).

Al-Abadi concluded that partnership with America is possible and beneficial, but it has inevitable conditions, and the opportunity exists, but it needs the mindset of a tough negotiator, noting that Iraq has human capital and land, and America has technology and access to markets.

He explained that when the scales are balanced, we can say: we are making a partnership, not an economic surrender treaty, calling for our deal to be a win-win deal, otherwise let the deal be suspended, because a loss in timing is worse than a loss in the deal itself.

Development paths

In a related context, Jassim Al-Aradi, a member of the Baghdad Economic Forum, considered the economic partnership between Iraq and the United States an important opportunity to redirect bilateral relations towards development paths that achieve the highest levels of benefit based on investment, technology transfer and capacity building, instead of being limited to traditional trade relations. He indicated that Iraq possesses great potential that qualifies it to attract major American companies in the energy, industry, infrastructure, digital economy, agriculture and financial services sectors, which contributes to diversifying national income sources and reducing dependence on oil revenues.

Al-Aradi told Al-Sabah that the partnership should be based on the principle of mutual interests, by attracting quality investments that provide job opportunities for Iraqis, support the transfer of knowledge and modern technologies, and enhance local industries and production chains, while giving priority to projects that achieve added value for the national economy and contribute to increasing non-oil exports.

He added that the success of the partnership requires creating a stable investment environment by developing economic legislation, simplifying administrative procedures, enhancing transparency and protecting the investor, in addition to activating the role of the Iraqi private sector as a key partner in implementing projects, in order to ensure that the local economy benefits from foreign investments and that they are not limited to the implementation of contracts only.

Expanding areas of cooperation

For his part, expert and economist Hassan Ali Al-Daghari called for expanding the areas of cooperation to include technical education, vocational training, digital transformation, and energy. 

He emphasized the importance of renewable energy and developing the banking sector, noting that these sectors are fundamental pillars for building a more competitive and sustainable economy. He added that the more partnerships are linked to programs for transferring expertise and building national capabilities, the greater their positive impact on development. Economic.

Al-Daghari pointed out, in an interview with Al-Sabah, that the success of the economic partnership with the United States is not measured by the size of the agreements signed, but rather by its ability to achieve tangible results represented in increasing investment, creating job opportunities, developing industry and production, and strengthening Iraq's position as an economic center. And my investment in the region.  link

MilitiaMan & CREW IRAQ DINAR UPDATE-72 Hour Iraq Reform Surge: Arrests, CBI Aligned $30B Deal Before US Visit

MilitiaMan & CREW IRAQ DINAR UPDATE-72 Hour Iraq Reform Surge: Arrests, CBI Aligned $30B Deal Before US Visit

6-28-2026

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.

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Seeds of Wisdom RV and Economics Updates Sunday Night 6-28-26

Global Trade Enters a New Era as Tariffs Reshape the World Economy

The resurgence of tariffs is transforming international trade, signaling a shift away from decades of globalization toward a more protectionist and strategically competitive global economy.

Overview

• Global tariff barriers continue rising as major economies prioritize national security and domestic industries over free trade.

• The United States has expanded tariffs beyond geopolitical rivals, affecting many long-standing allies and major trading partners.

• The shift is accelerating changes to supply chains, investment decisions, and the future structure of global commerce.

Key Developments

1. A Turning Point for Global Trade

For decades, the World Trade Organization (WTO) helped reduce tariffs and encouraged expanding global commerce through multilateral trade agreements and dispute resolution mechanisms.

That trend has reversed dramatically. Since 2025, governments have increasingly relied on tariffs and industrial policy to protect strategic industries, marking one of the most significant shifts in global trade policy since the end of World War II.

2. Tariffs Expand Beyond Traditional Rivals

While trade tensions between the United States and China remain central, recent tariff actions have extended well beyond geopolitical competitors.

The United States has imposed or threatened tariffs affecting several long-standing allies, including:

• European Union

• Japan

• Mexico

• Canada

• United Kingdom

These actions demonstrate that economic policy is increasingly being used as a strategic tool rather than solely a trade instrument.

3. Global Supply Chains Continue to Adjust

Higher tariffs are encouraging companies to diversify manufacturing locations, relocate production, and reduce dependence on individual countries for critical goods.

Businesses are increasingly evaluating supply chain resilience alongside production costs, leading to greater investment in regional manufacturing hubs and "friend-shoring" strategies.

4. Markets Face a New Trading Environment

Financial markets are adjusting to an environment where trade policy can change rapidly in response to geopolitical events.

Investors are closely monitoring tariff negotiations, bilateral agreements, and industrial policy as governments seek to strengthen domestic manufacturing while protecting strategic technologies and critical supply chains.

Why It Matters

The return of tariffs represents a fundamental shift in the global economic landscape. Trade policy is becoming an increasingly important instrument of national security, economic competitiveness, and geopolitical influence, with long-term implications for inflation, investment, and global growth.

Why It Matters to Foreign Currency Holders

Changes in global trade directly affect currency values, capital flows, and economic growth. As nations restructure supply chains and expand regional trade partnerships, currency investors are closely watching how these developments influence reserve currencies, cross-border payments, and international monetary cooperation.

Implications for the Global Reset

• Pillar 1 – Trade

The continued rise in tariffs is accelerating the restructuring of global trade relationships, encouraging regional supply chains and reducing dependence on traditional globalization models.

• Pillar 2 – Assets

Trade fragmentation is influencing global capital allocation as businesses and investors redirect investments toward domestic manufacturing, strategic industries, and critical infrastructure.

Closing Thoughts

The recent resurgence of tariffs suggests that globalization is entering a new phase, where economic security increasingly outweighs the pursuit of maximum trade efficiency. Governments are placing greater emphasis on resilient supply chains, domestic production, and strategic independence as geopolitical competition intensifies.

This is not just about tariffs—it reflects the ongoing restructuring of global trade, supply chains, and economic power as nations prepare for a more multipolar financial and geopolitical future.

Seeds of Wisdom Team

Newshounds News™ Exclusive

Sources

• Modern Diplomacy — Making Tariffs Trendy Again: The New Global Trade Battlefield
  

• World Trade Organization — Trade Monitoring Reports and Global Trade Developments
  

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Ariel: How Long have you been Waiting to Hear this from Iraq?

Ariel:  How Long have you been Waiting to Hear this from Iraq?

6-28-2026

If you ever doubted this investment.

If you denounced the investors of IQD.

If you denied that any progress was being made.

If you proclaimed that this would never happen.

If you wrote the entire thing off as hopium.

If you sold your IQD because of some skeptical rumor.

If you mocked the people stacking dinar like it was toilet paper.

If you trusted the old guard analysts still parroting the static 1,300 rate forever.

Now is the time to double back reconfigure your assessment and ask yourself did you succumb to narratives designed to ensure you remain broke into perpetuity?

~The Window Is Closing But The Blinds Are Opening

Channel 8 English:  A spokesperson for the Sulaymaniyah Currency Exchange Market told Channel8 that the reason for the dinar strengthening—if the deal is finalized—is "because 85% of the dollar demand in the market comes from traders, while the remaining 15% comes from everyday citizens." He added that Iraqi PM al-Zaidi's mid-July Washington visit will bolster the dinar through U.S. economic backing. Read more: https://channel8.com/english/news/60604

You Can Not Do This On A Program Rate

Currency Revaluation Will Start The Process

First Squawk:  SCOTT BESSENT: WALL STREET CAN THRIVE, BUT IT’S TIME FOR MAIN STREET TO PROSPER

Source(s):
• https://x.com/Prolotario1/status/2071015197272154391
• https://x.com/Prolotario1/status/2071079872827433083

https://dinarchronicles.com/2026/06/28/prolotario-how-long-have-you-been-waiting-to-hear-this-from-iraq/

The US Is Doing Exactly What The British Empire Did In 1921. The Final Economic Reset

The US Is Doing Exactly What The British Empire Did In 1921. The Final Economic Reset

Unfolded finance:  6-28-2026

In February 1921, Chancellor Robert Horne inherited a 7% Bank Rate, two million unemployed, and £4.7 billion in war debt owed to the United States.

Britain had three choices: default, devalue, or defend the pound through deflation and accept whatever pain that defense produced. The Treasury chose deflation.

The Geddes Committee was formed to slash government spending department by department, treating the cuts as discipline rather than decline. Nobody in that room believed they were choosing a multi-decade trajectory. They were wrong.

The 1925 gold standard return everyone remembers wasn't the mistake — it was just the formal confirmation of a path Britain had already locked in four years earlier.

America in 2025 carries $36 trillion in debt and just spent two years defending dollar credibility through rates held above 5%. The same three paths sit on the table: restructuring entitlement promises, accepting a managed dollar decline, or fiscal contraction defended as discipline.

A federal spending efficiency review launched in 2025 functions as a direct structural echo of the Geddes Axe — cutting across government department after government department to prove fiscal seriousness to markets asking the same uncomfortable questions Britain faced in 1921. The difference is scale.

Britain's 1921 mistake cost Britain a decade of unemployment. America's version, made from the center of the global financial system instead of its edge, doesn't stay contained to one country.

What You'll Learn:

▸ Why 1921, not 1925, was the actual turning point in Britain's postwar economic decline

▸ What the three real choices were — default, devaluation, or deflation — and why Britain's Treasury ruled out two of them before serious debate even began

▸ How the Geddes Axe became the formal expression of a decision that had already been made months earlier

▸ Why Britain's eventual 1925, 1931, 1949, and 1967 devaluations were all delayed consequences of the 1921 choice, not separate mistakes

▸ How America's 2025 federal spending review structurally mirrors the Geddes Committee's mandate and justification

▸ Why the same three-path decision tree — default, devalue, or defend through deflation — is currently running inside U.S. fiscal policy

▸ Why America's version of this decision carries global consequences Britain's 1921 choice never had to reckon with The Timeline:

1919 — Britain suspends the gold standard; pound begins floating freely for the first time in decades 1920

— Bank Rate raised to 7% to defend sterling's international value February 1921

— Unemployment crosses two million; Robert Horne becomes Chancellor of the Exchequer 1921

— Geddes Committee formed to identify deep cuts across government departments 1922

— Geddes Axe report delivered; education, police, and military spending slashed 1925

 — Churchill returns the pound to gold at the prewar parity, confirming the path chosen in 1921 1931

— Britain abandons gold entirely; first devaluation the 1921 policy was meant to avoid 1949, 1967

— Further sterling devaluations; each one a delayed continuation of the same unresolved choice 2022-2024

— Federal Reserve holds rates above 5% to defend dollar credibility against inflation 2025

— Federal spending efficiency review launched; structural echo of the Geddes Axe begins Horne never believed he was choosing decline. He believed he was choosing discipline.

History stopped distinguishing between the two.

https://www.youtube.com/watch?v=o2pqW6N5hBA

Sunday Iraq News Posted by Tishwash at TNT 6-28-2026

TNT:

Tishwash:  Breaking | Entrances and exits to the Green Zone closed; footage circulating shows raids as part of a wide-ranging campaign launched by President al-Zaidi to pursue the big fish of corruption in Iraq. 

Since the early hours of today (Sunday), videos and pictures have been circulating showing a heavy security presence and raids in the Green Zone in central Baghdad.

Activists and media accounts report raids and arrests carried out by elite forces led by Prime Minister and Commander-in-Chief of the Armed Forces Ali Faleh al-Zaidi, with the support of the Iraqi judiciary, to arrest politicians accused of major corruption cases as part of ongoing investigations into some of those recently arrested

Iraqis followed the news of this surprise attack on the hornet's nest, which they thought would be a haven for those who had turned the Green Zone into a large prison, until the early hours of the morning.

Activists circulated the hashtag #TakeItOff, Your Excellency, in support of President al-Zaidi's arrest of the corrupt figures. An  official government statement with details is expected.  link

Another version

A security source reported on Sunday that special security forces were deployed inside the Green Zone in central Baghdad, coinciding with news of arrests targeting senior political officials and security personnel involved in corruption cases.

The source told Shafaq News Agency that special forces were deployed around a number of sensitive headquarters inside the Green Zone, with security measures being tightened at some entrances and roads leading to them.

He added that the security deployment coincided with information about arrests carried out according to judicial orders, targeting figures, officials and security personnel whose names appeared in files related to corruption and abuse of power.

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Tishwash:  Mass Arrests in Baghdad’s Green Zone Amid Anti-Terror and Anti-Corruption Operation

In a joint anti-terror operation, the army and other security forces in Baghdad’s Green Zone arrested a number of current and former parliamentarians, political leaders, and advisors. Arrest warrants and travel bans were also issued for others.

Tension in the Green Zone

On Sunday morning, June 28, Baghdad’s Green Zone, home to government headquarters, foreign embassies, and residences of many officials, witnessed clashes between security forces and the guards of certain officials and parliamentarians, after years of relative calm.

https://twitter.com/Channel8English/status/2071155679260299315?s=20

Armed Confrontation During Arrests

Channel8’s Baghdad correspondent reported that during attempts to arrest several officials, armed confrontations broke out. The Green Zone became tense, some individuals with arrest warrants were detained, and the operation has not yet concluded.

Strict Security Measures

Channel8 also reported that in connection with the operation, strict security measures were imposed around the Green Zone. All entrances were closed to traffic, and large numbers of security forces were deployed across Baghdad’s streets.

Seizing Weapons and Confiscating Assets of Corrupt Officials

Iraqi PM Ali Faleh al-Zaidi stated that the operation aims to seize weapons held by the state and confront corruption. In recent months, Adnan Jumaili, a former Oil Ministry official, was arrested, and billions of dinars, houses, and properties were confiscated in Baghdad, Salahaddin, and Erbil.

https://twitter.com/Channel8English/status/2071128495980175521?s=20

Largest Anti-Corruption Operation in Iraq

Today’s operation is described as the largest ever against corruption in Iraq. For the first time, high-ranking officials and leaders, previously considered untouchable, have been arrested on corruption charges.

International Assessment of Corruption in Iraq

For years, Iraq has ranked internationally among the countries with the highest levels of corruption. This operation is seen as part of judicial and governmental efforts to hold senior officials accountable.  link

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Tishwash:  The optimal weight of gold in foreign reserves: A look at the security and return equation

Dr. Haitham Hamid Mutlaq Al-Mansour

Calls to increase the share of gold in central banks' foreign reserves are made from time to time, particularly during periods of geopolitical instability, high inflation, and currency market volatility. These calls are often based on gold's historical status as a safe haven and a sovereign asset that retains its value in times of uncertainty.

However, managing foreign reserves cannot be based solely on choosing between "good assets" and "bad assets," but rather on defining the economic and monetary function of each asset within the reserve portfolio. Foreign reserves are not an investment portfolio aimed at maximizing profits, nor are they a store of wealth in the traditional sense. Instead, they are a tool of monetary policy designed to maintain monetary stability, strengthen confidence in the national currency, and provide the necessary external liquidity for intervention in the foreign exchange market and fulfilling international obligations.

For this reason, reserve management is based on three principles, ranked in order of priority: safety, liquidity, and return, not the other way around. Consequently, the evaluation of reserve components should be based on each asset's contribution to achieving these objectives collectively, not solely on the criterion of financial return.

In this context, gold performs a function radically different from that of government bonds, deposits, or securities. Gold represents a sovereign asset free from counterparty risk, as it is not dependent on the creditworthiness of any government or financial institution, nor is it linked to the possibilities of default, bankruptcy, or restructuring.

It also provides a high degree of protection in cases of instability in the international monetary system, escalating geopolitical risks, and a loss of confidence in reserve currencies. However, these advantages come at a clear economic cost.

Gold does not generate periodic cash flows, nor does it yield current returns; its returns are limited to capital gains. This is due to changes in its market value. Therefore, its contribution to the growth of foreign reserves depends entirely on gold price trends, which are characterized by a high degree of volatility and uncertainty.

In contrast, sovereign debt instruments and deposits with international financial institutions generate two types of returns: current returns in the form of interest or periodic returns, and capital returns derived from changes in their market prices. Furthermore, these instruments are highly liquid, easily reinvested, and have flexible maturities. Therefore, they constitute the primary source of income generated from foreign reserves at most central banks.

Therefore, the choice between gold and bonds is not a choice between two competing investment assets, but rather between two different functions within foreign reserves. Gold serves as a hedge against systemic and sovereign risks, while bonds and deposits serve to generate income and maintain operational liquidity. Substituting one for the other, therefore, disrupts the functional balance of the reserve portfolio.

Recent international developments, particularly the increased use of financial sanctions and the freezing of sovereign reserves, have demonstrated that the concept of a "safe asset" is no longer limited to low credit risk, but also encompasses independence from political and legal risks. This development has revived gold's status as a sovereign asset offering a degree of protection that traditional financial instruments cannot provide.

However, this does not justify increasing the relative weight of gold to levels that negatively impact the efficiency of foreign reserves. A higher gold content increases the market value of reserves to fluctuations in the gold market, reduces the average current yield, and diminishes the flexibility of liquidity management, particularly in economies that rely on foreign reserves to finance daily interventions in the foreign exchange market.

Therefore, the optimal decision is not to absolutely maximize or reduce the share of gold, but rather to determine the optimal strategic weight that achieves a balance between the functions of the various reserves, based on portfolio management models, stress tests, scenario analysis, and the risk structure faced by each central bank.

Therefore, this issue acquires added importance in the central bank's monetary policy, given the link between monetary stability and the stability of oil revenues, and the bank's reliance on foreign reserves to support exchange rate stability and bolster confidence in the dinar. Consequently, reserve management policy should be based on a long-term strategic perspective that balances liquidity, return, and hedging requirements, moving beyond short-term responses to fluctuations in gold prices or waves of optimism and pessimism in global markets.

In short, gold should not be viewed as an asset solely for maximizing returns, nor should bonds be considered a substitute for gold. Each has a distinct function within foreign reserves. The efficiency of reserve management lies in the ability to balance security, liquidity, and return, ensuring that each asset fulfills its role within an integrated risk management framework. Gold, in its essence, is not a tool for generating profit, but rather a means of ensuring the ability to maintain a nation's financial and monetary stability.  link

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Tishwash:  Iraqiji will be in Baghdad tomorrow... What does his visit hold?

 Iranian Foreign Minister Abbas Araqchi will arrive in Baghdad on Sunday at the head of a high-level diplomatic delegation, on an official visit aimed at discussing bilateral relations and regional developments, coinciding with the continuation of political and security consultations between the two countries.

The Iranian Foreign Ministry stated in a statement followed by (Al-Mada) that Araqchi will head to Iraq at the head of a high-level diplomatic delegation to conduct a series of meetings with senior Iraqi officials.

In the same context, Mukhtar al-Moussawi, a member of the Foreign Relations Committee in the House of Representatives, said in a statement followed by (al-Mada) that Araqchi’s visit comes at an important time, and will include talks with Iraqi officials on developing bilateral relations and strengthening political, security and economic coordination.

He added that the visit's agenda includes discussions on joint security issues, cooperation in combating terrorism and organized crime, strengthening border control and preventing smuggling and infiltration operations, as well as following up on the implementation of security agreements signed between Baghdad and Tehran.

Al-Moussawi indicated that regional developments would be at the forefront of the discussions, particularly efforts to reduce tensions and end the war permanently, stressing that Iraq continues its diplomatic efforts to support dialogue and bring viewpoints closer together in a way that contributes to strengthening security and stability in the region.  lin

Seeds of Wisdom RV and Economics Updates Sunday Morning 6-28-26

Iran Strikes Bahrain and Kuwait as U.S. Expands Military Action Near Strait of Hormuz

The conflict between the United States and Iran intensified sharply on Day 121 of the war as Iran launched attacks targeting U.S. military facilities in Bahrain and Kuwait following a second consecutive day of American strikes along Iran’s southern coastline.

Overview

• Iran launched missiles and drones toward U.S. military facilities in Bahrain and Kuwait after renewed American strikes near the Strait of Hormuz.

• Regional tensions escalated as Bahrain activated emergency sirens and Gulf states condemned the attacks.

• The latest violence is placing additional pressure on the fragile U.S.-Iran Memorandum of Understanding (MoU) and broader regional peace efforts.

Key Developments

1. U.S. Conducts Second Day of Strikes

The United States carried out a second round of military strikes targeting locations in Sirik, Bandar-e Lengeh, and Qeshm Island along Iran's southern coast.

According to U.S. officials, the attacks were launched in response to recent threats against commercial shipping near the Strait of Hormuz, one of the world's most important maritime energy corridors.

The strikes come as Washington continues efforts to maintain freedom of navigation through the strategic waterway.

2. Iran Responds With Attacks on Gulf-Based U.S. Facilities

Iran's Islamic Revolutionary Guard Corps (IRGC) announced it launched ballistic missiles and drones targeting the Ali Al Salem Air Base in Kuwait and the headquarters of the U.S. Fifth Fleet in Bahrain.

Tehran described the attacks as retaliation for U.S. military operations against Iranian territory.

A U.S. official told Reuters that no American casualties or significant damage had been reported at the time of publication.

3. Gulf States Move Into High Alert

Air raid sirens sounded across Bahrain as authorities instructed residents to seek shelter.

Kuwait confirmed its air defense systems were responding to what it described as hostile missile and drone threats.

Several Gulf nations, including Oman, Qatar, Kuwait, and the United Arab Emirates, condemned the attacks and voiced support for Bahrain.

4. Strait of Hormuz Remains Central Flashpoint

Iran continues to view the Strait of Hormuz as a strategic bargaining tool in negotiations with Washington.

Iranian analysts argue that maintaining leverage over the waterway serves as a deterrent against future military action.

The dispute over navigation rights and security arrangements remains one of the most difficult issues facing negotiators attempting to preserve the current peace framework.

5. Lebanon Agreement Faces New Challenges

While tensions escalated between Washington and Tehran, Israel and Lebanon moved forward with a U.S.-brokered framework agreement designed to reduce hostilities along their border.

Israeli Prime Minister Benjamin Netanyahu called the agreement a historic achievement and a significant setback for Iran and Hezbollah.

However, Hezbollah rejected the arrangement and declared the agreement invalid, creating new uncertainty about its implementation.

Why It Matters

The latest exchange of military action highlights how quickly the region could move from fragile diplomacy back toward broader conflict. Any prolonged disruption around the Strait of Hormuz could significantly impact global energy supplies, shipping routes, and financial markets.

Why It Matters to Foreign Currency Holders

Geopolitical instability often creates volatility across currency, commodity, and bond markets. Escalation in the Gulf region could influence oil prices, inflation expectations, central bank policies, and broader global financial conditions that currency holders continue to monitor closely.

Implications for the Global Reset

• Pillar 1 – Energy

The Strait of Hormuz remains one of the most critical energy chokepoints in the world. Continued instability threatens global oil flows, transportation costs, and inflation trends.

• Pillar 2 – Trade

Military activity near major shipping routes highlights the growing importance of secure trade corridors and may accelerate efforts to diversify global supply chains.

Closing Thoughts

The conflict has entered a dangerous new phase as both Washington and Tehran demonstrate a willingness to respond militarily while simultaneously attempting to preserve diplomatic negotiations.

Whether the current Memorandum of Understanding survives may depend on the ability of both sides to prevent further incidents from triggering a wider regional confrontation.

This is not just about military strikes—it reflects the ongoing struggle over energy security, trade routes, and geopolitical influence across one of the world's most strategically important regions.

Seeds of Wisdom Team

Newshounds News™ Exclusive

Sources

• Al Jazeera — Iran war day 121: Iran attacks Bahrain, Kuwait as US strikes near Hormuz
  

• Reuters — Middle East Conflict Coverage and Gulf Security Developments

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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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The Future of Gold, Money & Power: Alex Deluce & Frank Giustra

The Future of Gold, Money & Power: Alex Deluce & Frank Giustra

6-27-2026

Frank Giustra joins me for a wide-ranging discussion on what he believes is the biggest structural shift in the global monetary system in generations.

As central banks accumulate gold at record levels, sovereign debt reaches historic highs, and de-dollarization accelerates, Frank explains why the world is entering a new era—one where hard assets, monetary history, and geopolitical power are becoming increasingly intertwined.

We discuss gold, the post-1971 monetary system, central bank buying, China, BRICS, stablecoins, copper, and why he believes investors are dramatically underestimating the scale of the changes taking place.

This conversation goes far beyond mining. It explores the future of money, the erosion of trust in fiat currencies, the rise of a multipolar world, and why Frank believes we're witnessing a structural transformation that could redefine global markets for decades to come.

 If you're trying to understand where the global monetary system is headed and why gold and hard assets are becoming increasingly important this is a conversation worth watching.

https://www.youtube.com/watch?v=KjVUA7yqqIg

Seeds of Wisdom RV and Economics Updates Saturday Eve. 6-27-26

SEC and CFTC Seek Public Input on Unified Margin Rules as Crypto Derivatives Expand

U.S. regulators have launched a joint review of portfolio margin rules, signaling a possible shift toward a more unified regulatory framework as digital assets and multi-asset trading continue to reshape financial markets.

Overview

• The SEC and CFTC have opened a 60-day public comment period on harmonizing portfolio margin rules across securities and derivatives markets.

• The proposal could expand cross-margining, improve capital efficiency, and reduce regulatory fragmentation.

• The review reflects the rapid growth of cryptocurrency derivatives and increasing overlap between traditional and digital financial markets.

Key Developments

1. Regulators Launch Joint Review

The U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) are jointly seeking public feedback on modernizing portfolio margin requirements across securities and derivatives markets.

The agencies are requesting comments on cross-margining, collateral treatment, customer protections, risk management, liquidity, and competition. The public comment period will remain open for 60 days after publication in the Federal Register.

2. What Is Cross-Margining?

Cross-margining allows offsetting positions held across multiple markets or products to be evaluated together when calculating required collateral.

Instead of requiring separate margin for each position, regulators assess the overall risk of an investment portfolio, allowing firms to use capital more efficiently while maintaining appropriate risk controls.

Supporters argue this approach could unlock billions of dollars currently tied up as excess collateral.

3. Crypto Markets Are Driving Regulatory Change

The review comes as cryptocurrency derivatives continue expanding within regulated U.S. markets.

Recent developments include:

• CFTC approval of Bitcoin perpetual futures on Kalshi.

• Coinbase Financial Markets offering institutional clients access to regulated crypto options and perpetual futures through Deribit.

• Kraken's launch of CFTC-regulated perpetual futures through its Bitnomial platform.

As crypto exchanges increasingly operate across both securities and commodity markets, regulators believe closer coordination is becoming necessary.

4. Challenges Remain

Despite growing adoption, regulators acknowledge that digital asset products do not always fit neatly within existing regulatory structures.

CFTC Chair Mike Selig recently noted that cryptocurrency perpetual futures are not a natural fit within many traditional commodity market frameworks, highlighting the need for updated regulatory approaches as financial products continue to evolve.

Why It Matters

A more unified regulatory framework could improve market efficiency, reduce regulatory overlap, lower collateral costs, and strengthen risk management across both traditional financial markets and digital asset trading. The review also signals continued cooperation between two of America's most important financial regulators.

Why It Matters to Foreign Currency Holders

Modernizing U.S. financial market infrastructure supports broader efforts to improve liquidity, settlement efficiency, and cross-market integration. These developments complement ongoing global initiatives involving digital assets, tokenization, and next-generation payment systems that many currency investors continue to monitor.

Implications for the Global Reset

• Pillar 1 – Technology

Coordinated regulation reflects the continuing modernization of financial infrastructure as traditional markets increasingly integrate with digital assets and tokenized financial products.

• Pillar 2 – Assets

More efficient collateral management and cross-market capital allocation could improve liquidity throughout global financial markets while supporting the continued institutional adoption of digital assets.

Closing Thoughts

The SEC and CFTC's joint initiative represents another important step toward modernizing U.S. financial regulation for an increasingly interconnected marketplace. While no rule changes have been proposed yet, the consultation demonstrates regulators' willingness to adapt longstanding frameworks to accommodate innovation while maintaining investor protections.

This is not just about margin rules—it reflects the continuing evolution of financial infrastructure as regulators prepare markets for a more integrated digital financial future.

Seeds of Wisdom Team

Newshounds News™ Exclusive

Sources

• Cointelegraph — SEC, CFTC seek input on unified portfolio margin rules across securities and derivatives

• U.S. Securities and Exchange Commission — SEC Requests Public Comment on Portfolio Margining and Cross-Margining (Federal Register notice)

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Newshound's News Telegram Room Link

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Thank you Dinar Recaps

Why America Should Get Rid of the Penny

Why America Should Get Rid of the Penny

And Maybe Some Other Coins, Too

By  Kimberly Amadeo   Updated on August 29, 2024

Leave a penny, take a penny. The ubiquitous one-cent coin has lots of fans and lots of detractors. For years it has cost more money to make a penny than the value stored in them, which gets smaller and smaller every year. (This is true for lots of U.S. coins.) Still, we just can't quit the penny, even if most of them seem to spend their days in jars and couches, rather than in our pockets where we might reach for them to pay for goods and services.

Consider these reasons why it's time we put away our pennies for good.

Key Takeaways

• A penny is only worth about half of what it costs to produce.

• The U.S. Mint is profitable as an organization, contributing hundreds of millions of dollars to the Treasury every year. But the penny is a money loser for the Mint.

• Picking up that found penny is not worth your time; the effort required returns less than what you'd earn making the minimum wage ($7.25 an hour).

9 Reasons to Get Rid of the Penny

1. Pennies don't buy as much as they used to: In 1913, a penny purchased more than a quarter does today (about 32 cents).1

2. Producing the penny costs taxpayers money: In 2023, each penny produced cost 3.07 cents to make and distribute.2 In 2023, the Mint made 4.1 billion pennies, costing taxpayers $127 million.2

3. Pennies are made of zinc and copper, and zinc can be harmful: Zinc's mining and industrial use has negative environmental and health impacts. During mining, smelting, and other industrial processes, zinc can leach into the soil, water, and air, and cause health concerns for those living nearby.

4. Some of the zinc for penny manufacturing is imported: In 2020, zinc imports added $1.3 million to the $310 billion U.S. trade deficit with China.3

5. Pennies are heavy to carry around: Each one only weighs 2.5 grams, but they add up.4 A dollar's worth of pennies would weigh 250 grams, or about half a pound. Consider that a $1 bill itself weighs just 1 gram.5

6. Making pennies is a money loser: While the U.S. Mint is a net contributor to the U.S. Treasury, producing pennies is a money loser for the Mint. In 2023, the nation lost $86 million making pennies.2

7. Pennies take up time at the cash register to count out: If time is money (see below), then pennies are not worth the time it takes to handle them.

8. The use of cash in retail transactions continues to decline: In 2023, cash was used for just 16% of in-person transactions. That's down from 26% in 2019. Credit cards top the list as the most used payment instrument, accounting for 32% of payments.6

9. Found pennies aren't worth the effort required to pick them up: The federal minimum wage is currently $7.25 an hour. At that wage, it takes five seconds of work to earn a single cent. If you took longer than that to pick up a spare penny found on the ground, your effort would be earning less than minimum wage.

Note

Getting rid of the penny will not be easy. To do so, Congress must enact a law that removes the penny from circulation. It must also direct the U.S. Mint, a bureau of the U.S. Treasury, to stop producing them.

Why We May Keep the Penny, Anyway

To Continue Reading  More:  https://www.thebalancemoney.com/get-rid-of-the-penny-4178219