Seeds of Wisdom RV and Economics Updates Wednesday Evening 7-1-26

Good Evening Dinar Recaps,

Trump Signals Progress in U.S.-Iran Talks as Markets Rally on Peace Hopes

President Donald Trump said negotiations between the United States and Iran are making "very good" progress, fueling optimism that the temporary ceasefire could be extended and a broader peace agreement reached. Financial markets reacted quickly as oil prices fell, cryptocurrencies advanced, and traders increased expectations that diplomatic efforts will continue.

 Overview

• President Trump expressed optimism about ongoing U.S.-Iran negotiations in Qatar, describing recent meetings as productive.

• Markets responded immediately, with oil prices declining while cryptocurrencies and other risk assets gained.

• Investors are increasingly betting that the current 60-day negotiation period will be extended as diplomacy continues.

Key Developments

1. Trump Reports Positive Momentum

President Donald Trump said negotiations with Iran are progressing well, stating that relations have been positive and that discussions on Iran's nuclear program are moving in the right direction. U.S. envoy Steve Witkoff and other American officials continue technical negotiations in Qatar with mediation support from Qatar and Pakistan.

2. Diplomacy Focuses on Long-Term Peace

The current negotiations build upon the interim ceasefire agreement reached last month. Discussions continue to focus on regional security, the future management of the Strait of Hormuz, and broader efforts to reduce tensions across the Middle East.

3. Financial Markets React Immediately

Investor sentiment improved following Trump's comments. WTI crude oil fell below $70 per barrel, reflecting expectations of improving energy supplies, while cryptocurrencies and other risk assets posted gains as investors priced in reduced geopolitical uncertainty.

4. Markets Price in Higher Odds of Ceasefire Extension

Prediction markets increased the probability that the current 60-day negotiation period will be extended. While optimism has grown, investors remain cautious because any setback in negotiations could quickly reverse recent market gains.

5. Final Agreement Still Faces Challenges

Despite encouraging diplomatic signals, negotiators still face significant differences over nuclear issues, sanctions, regional security arrangements, and the long-term governance of the Strait of Hormuz before a permanent agreement can be reached.

  Why It Matters

Progress in U.S.-Iran negotiations has implications far beyond the Middle East. A lasting agreement could improve global energy security, stabilize financial markets, reduce geopolitical risk, and strengthen confidence in international trade routes that are critical to the world economy.

Why It Matters to Foreign Currency Holders

Currency markets often respond quickly to geopolitical developments. Greater stability in the Middle East can reduce market volatility, improve investor confidence, and influence capital flows, commodity prices, and central bank policy—all factors that foreign currency holders closely monitor.

Implications for the Global Reset

• Pillar 2 – Trade

Reduced tensions around the Strait of Hormuz strengthen one of the world's most important energy and shipping corridors, supporting global trade and supply chain stability.

• Pillar 5 – Energy

Improved diplomatic relations increase the likelihood of more stable global oil supplies, helping moderate energy price volatility and supporting long-term energy security.

Future Outlook

Negotiators are expected to continue technical discussions in Qatar over the coming days. Markets will closely watch whether both sides can extend the current negotiation period and make measurable progress toward resolving disputes involving sanctions, nuclear oversight, and maritime security. While optimism has improved, the durability of any agreement will ultimately depend on successful implementation and continued diplomatic engagement.

This is not just about diplomacy—it reflects broader efforts to stabilize global energy markets, protect international trade routes, and reduce geopolitical risks that influence the world economy.

Seeds of Wisdom Team

Newshounds News™ Exclusive

Sources

• CoinGape – Trump Signals Breakthrough in US-Iran Talks, Hails ‘Very Good’ Progress As Markets React

• Reuters – Middle East, U.S.-Iran diplomacy, and energy market coverage

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Why China Just Overtook The US With The Most Powerful Supercomputer

Why China Just Overtook The US With The Most Powerful Supercomputer

Notes From the Field  By James Hickman (Simon Black / Sovereign Man) July 1, 2026

Yao Tongbin was one of the most important scientists in Maoist China. He had earned a doctorate in metallurgy in England, spent three years at a research institute in West Germany, and left it all to return to China in 1957.

He spent he next 11 years building China’s first-ever modern missile program, with unparalleled knowledge and experience he had accumulated in the West.

But when he came home for lunch on the afternoon of June 8, 1968, a gang of thugs from a rival political faction was waiting for him. They beat him to death in his own apartment. He was forty-five years old.

Yao’s crime was that he was educated, expert, and Western-trained— exactly the kind of man that Mao’s Cultural Revolution had taught the country to hate.

From 1966 to 1976, Mao turned China against its own educated class, rooting out political opposition and handing a the power to young revolutionaries. 

Professors were dragged before their students in dunce caps and beaten mercilessly. Universities shut their doors. Millions of educated young people were shipped off to work camps. And engineers were ranked near the bottom of the social order.

China spent ten years treating intelligence as a crime, and the country paid the price for a generation.

Meanwhile, over in the West at the same time that Mao's Red Guards were beating engineers to death, American technological geniuses developed the world's first microprocessor and lit up the first nodes of the internet... effectively giving birth to the digital age.

It was a night-and-day difference between the US and China. China was actively, stupidly making itself worse off, while the US was developing the technology that would change the world forever.

America remained the epicenter of technological innovation for decades; in fact, the unofficial ‘scoreboard’ of the world’s most technologically advanced nation was whoever could build the fastest supercomputer.

And the answer was obviously the United States... until Japan shocked the world in 1995 and beat the fastest US supercomputer. America quickly reclaimed the top spot, only to be bested by Japan again in 2002.

The two great technological powers jostled for #1 for the next several years until the unthinkable happened in 2010: China developed the world’s fastest supercomputer.

For the past sixteen years, those three powers— America, Japan, and China, have traded the trophy. And China just retook it from the US again last week.

This is a symbolic, albeit critical competition— especially now as there are so many challenges to America’s economic, military, and geopolitical leadership.

Why is America falling behind? Because of its own soft “Cultural Revolution” driving out competence and rewarding the people who build nothing.

During COVID, the government and media conspired to destroy the careers of anyone who questioned Tony Fauci.

Shortly thereafter, the DEI cult took over. From transgender Bud Light influencers to absurdly woke Disney movies to mandatory diversity quotas in corporate boardrooms... and it went all the way to the most powerful institutions in America.

Joe Biden promised a female running mate as his Vice President, and a black woman as a Supreme Court justice. His obsession with diversity over merit resulted in two extremely unqualified people in some of the nation’s highest offices.

The end result has been predictable across the military, public health, medicine, and the media, institutions that increasingly selected for ideology over competence.

Mao destroyed his most capable people on purpose, and it cost China a generation. America is now doing the same thing to itself in a softer way.

But regardless of the tactics, any country that pushes out people who can design the chips, fly the planes, run the labs, and keep the lights on, is shooting itself in the foot.

Here’s another interesting example—

On a recent, private call for our top-tier Total Access members, we spoke with a really unique American entrepreneur based in Africa who sees this DEI rot every single day.

China, he told us, runs a "full court press" in Africa. The Chinese government fights for its businesses and helps them invest aggressively in the strategic resources that China needs back home. Food production. Energy. Water. Minerals.

Meanwhile, as China rapidly scoops up critical resources and builds relationships on the continent, the US-funded Western NGOs are busy with DEI and climate change initiatives.

He told us about one particular NGO, a group that pulled out of a critical agricultural investment over concerns that there weren’t enough women involved and too much CO2.

The difference in priorities between China and the West could not be more obvious.

Now, none of this means that China takes over the world. America has faced down a rising manufacturing rival before. It absorbed Japan's challenge in the 1980s, and it out-produced and out-innovated the Soviet Union as well.

The United States still commands the deepest capital markets on earth, enormous pools of talent, and a genius for inventing and building that no rival has ever matched.

China's problems, by contrast, are far greater.

It shares borders with fourteen countries, including North Korea, Pakistan, India, and Afghanistan. It doesn’t have trusted relations with a single one of them.

China is the largest oil importer in the world by a wide margin and has astonishingly thin per-capita reserves. It is lean on water and quality farmland. Its regional governments are buried under mountains of debt.

And it is, quite bizarrely, facing a massive demographic crisis of its own making (from years of its idiotic one child policy) while simultaneously and precariously trying to keep a population of 1.4 billion people under strict authoritarian control.

Plus, let’s be honest— a centrally planned economy will not deliver maximum innovation. Yes, America has its own idiots in office. But for every Lizzie Warren and AOC, China has plenty of its own morons in government service who make painfully idiotic decisions.

America’s problems are gargantuan, yes. But at their core, they are completely fixable. Three simple approaches would dramatically move the needle. Quickly.

• Cut the federal deficit by reducing obvious fraud and exercising common sense restraint.

• Boost economic productivity by eliminating pointless federal and state regulations.

• Focus exclusively on merit rather than DEI credentials.

Those three are very simple and straightforward, and they would dramatically move the needle. And that’s before tackling other challenges like Social Security, immigration, and election reform.

China might have temporarily taken the top spot in supercomputing. But this is still America’s race to lose.

The plan is maddeningly simple. Unfortunately, if history is any guide, Congress will probably do nothing until there’s a bad-enough crisis to force them to act. And that’s why it makes so much sense to have a Plan B.

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

PS: That conversation with the investor in Africa came from a private call for our Total Access members. Total Access is the top tier of Schiff Sovereign membership, built for those who value global networks of like-minded people.

Members get all of our research — Plan B Confidential, Strategic Assets, along with the deepest second-passport discounts we can negotiate, events, boots-on-the-ground explorations, and a network of people quietly building their own Plan B.

https://www.schiffsovereign.com/trends/why-china-just-overtook-the-us-with-the-most-powerful-supercomputer-155409/?inf_contact_key=79e5a90d9083f05c03e97c39a027db5c8dcae2ba3297e07f93219ba341147496

Iraq Economic News and Points To Ponder Wednesday Afternoon 7-01-26

US Oil Imports From Iraq Drop To 4M In April

2026-07-01 08:30   Shafaq News- Washington   US imports of Iraqi crude oil and petroleum products fell sharply in April 2026, dropping to 4.029M barrels from 7.943M barrels in March, according to the US Energy Information Administration (EIA).

Total US oil imports from OPEC member states also declined in April, reaching 37.107M barrels compared to 45.466M barrels the previous month.

Venezuela led OPEC suppliers to the United States in April with 14.471M barrels, followed by Saudi Arabia at 12.621M barrels. Iraq ranked third at 4.029M barrels, ahead of Algeria at 2.331M barrels, Libya at 1.754M barrels, and Nigeria at 1.370M barrels. Kuwait supplied 322,000 barrels and Gabon 209,000 barrels. The United States recorded no imports from the UAE during the same period. https://www.shafaq.com/en/Economy/US-oil-imports-from-Iraq-drop-to-4M-in-April

Dollar Slips In Baghdad, Rises In Erbil

Shafaq News- Baghdad/ Erbil   The US dollar closed Wednesday’s trading mixed in Iraq, hovering around 155,000 dinars per 100 dollars. According to Shafaq News market survey, the dollar traded in Baghdad's Al-Kifah and Al-Harithiya exchanges at 154,950 dinars per 100 dollars, down from the morning session’s 155,100 dinars.

In the Iraqi capital, exchange shops sold the dollar at 155,500 dinars and bought it at 154,500 dinars, while in Erbil, selling prices stood at 154,900 dinars and buying prices at 154,850 dinars.

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

Chevron, Iraq Sign West Qurna 2 Confidentiality Deal

2026-07-01 06:23    Shafaq News- Basra   Iraq's Basra Oil Company signed a confidentiality agreement with US energy giant Chevron on Wednesday to exchange technical information for evaluating the West Qurna 2 oil field and advancing negotiations on its future development.

Oil Minister Bassem Mohammed Khudair Al-Abadi, who attended the signing ceremony, noted that Russia's Lukoil had withdrawn from developing West Qurna 2, one of Iraq's largest oil fields, while the ministry continues negotiations with Chevron over the field and other projects.

Al-Abadi said the Oil Ministry is expanding opportunities for international energy companies by providing a secure investment environment and removing obstacles to investment. Iraq aims to strengthen its position among the world's leading oil producers and exporters, he added, reaffirming the ministry's commitment to working with international energy companies, which he described as key partners in developing the country's oil and gas sectors.

Foreign investment, he stressed, would create opportunities for Iraqi businesses, generate jobs, and improve infrastructure and public services in nearby communities through corporate social responsibility initiatives.

Discovered in 1973, the field contains more than 13 billion barrels of recoverable reserves and produces between 400,000 and 480,000 barrels per day, accounting for nearly 10% of Iraq's total crude output.

Read more: Russia’s Lukoil turmoil deepens risks for Iraq’s West Qurna-2 oilfield

https://www.shafaq.com/en/Economy/Chevron-Iraq-sign-West-Qurna-2-confidentiality-deal

Strict Directives To Subject Government Vehicles To Strict Inspection On External Roads Inside Iraq

Twilight News – Diyala   Security sources said on Wednesday that the competent authorities have received strict directives to stop government vehicles and subject them to a thorough inspection, especially on the main roads and lines linking the central, north and south governorates.

The sources told Shafaq News that these measures have entered into force and include official wheels between the provinces, in order to thwart any attempts to smuggle money or documents, or any other assets that may be linked to files currently under investigation.

This field step comes in conjunction with an escalating anti-corruption campaign launched by the government at dawn last Sunday, and affected officials, deputies and businessmen, which Prime Minister Ali al-Zaidi described as the "first phase" of a broader path to recover public money, directing the regulatory bodies to fully mobilize to receive any indicators related to corruption or institutional failure.

In a related context, the Strategic Center for Human Rights warned on Tuesday morning of misleading campaigns aimed at spreading frustration by claiming that anti-corruption efforts will stop or that they will not reach "large heads," considering those attempts an effort to undermine public confidence in the ongoing government and judicial measures. LINK

Iraq Imports $1.5B Worth Of Fruit And Nuts In 2025

2026-07-01 15:09    Shafaq News- Baghdad   Iraq imported $1.541 billion worth of edible fruits, nuts, citrus peel, and melons in 2025, up 23.3% from $1.250 billion a year earlier, according to Trade Map data.

The increase amounted to about $291.5 million year-on-year, with fresh and dried citrus fruits accounting for the largest share of imports at $706.8 million. Bananas followed at $275.2 million, ahead of nuts ($199.2 million), apples, pears, and quinces ($122.7 million), and apricots, cherries, peaches, and plums ($79.1 million).

Iraq ranked among the countries importing more than $1.5 billion worth of fruits and nuts in 2025, as global imports of the products reached $192.68 billion.

The United States remained the world's largest importer with $25.67 billion, followed by China ($20.69 billion), Germany ($16.27 billion), the Netherlands ($10.45 billion), and the United Kingdom ($8.29 billion).

https://www.shafaq.com/en/Economy/Iraq-imports-1-54-billion-worth-of-fruit-and-nuts-in-2025

Seeds of Wisdom RV and Economics Updates Wednesday Afternoon 7-1-26

Good Afternoon Dinar Recaps,

MiCA Crypto Rules Take Full Effect Across Europe, Triggering Major Industry Shakeout

The European Union has fully implemented its Markets in Crypto-Assets (MiCA) regulation, requiring all crypto service providers to hold an approved license or cease operations. The sweeping regulatory framework is expected to reshape Europe's digital asset industry by reducing the number of operating firms while strengthening investor protections and regulatory oversight.

Overview

• MiCA is now fully in force across the European Union, requiring crypto firms to obtain regulatory authorization to continue operating.

• Only about 20% of previously registered firms successfully secured MiCA licenses, creating one of the largest regulatory shakeouts in crypto history.

• Licensed exchanges are expected to gain market share as investors migrate toward compliant platforms offering stronger consumer protections.

Key Developments

1. MiCA Enforcement Officially Begins

The European Union's Markets in Crypto-Assets (MiCA) framework officially became fully enforceable on July 1, 2026, ending the transition period for crypto-asset service providers (CASPs). Firms without MiCA authorization are now expected to cease operations or wind down their services within the EU.

2. Majority of Crypto Firms Exit the Market

Of more than 1,200 firms previously operating under national registration systems, only approximately 210–244 obtained MiCA authorization. The result is a dramatic consolidation of the European crypto market as many smaller providers either close, merge, or relocate.

3. Consumer Protection Becomes the Priority

MiCA introduces standardized disclosure requirements, stronger custody rules, operational safeguards, and enhanced regulatory supervision. Investors using licensed exchanges should benefit from greater transparency and accountability compared to the fragmented national systems previously in place.

4. Stablecoin Market Continues to Evolve

Earlier MiCA provisions governing stablecoins have already reshaped the market. Several exchanges removed certain non-compliant stablecoins from European platforms, while MiCA-compliant alternatives are expected to continue expanding throughout the region.

5. Liquidity Shifts Toward Licensed Platforms

With fewer exchanges operating legally, trading activity is likely to concentrate among approved providers. While this may improve regulatory oversight, analysts note it could also temporarily reduce liquidity for smaller cryptocurrencies as markets adjust.

Why It Matters

MiCA represents the world's first comprehensive regulatory framework governing the cryptocurrency industry across a major economic bloc. Rather than prohibiting digital assets, the EU is creating standardized rules intended to increase investor confidence, encourage institutional participation, and establish consistent oversight across all member states.

Why It Matters to Foreign Currency Holders

Although MiCA focuses on digital assets rather than traditional foreign currencies, the regulation reflects the growing integration of digital finance into the global monetary system. As governments establish clearer rules for tokenized assets and stablecoins, digital payment infrastructure continues evolving alongside traditional financial markets that currency investors closely monitor.

Implications for the Global Reset

• Pillar 2 – Trade

A unified regulatory framework creates a more consistent digital asset marketplace across Europe, supporting cross-border financial activity and reducing regulatory fragmentation.

• Pillar 4 – Technology

MiCA accelerates the institutional adoption of regulated blockchain infrastructure by establishing common standards for digital asset service providers, custody, compliance, and stablecoins throughout the European Union.

Future Outlook

The initial implementation of MiCA is expected to be followed by continued licensing approvals, market consolidation, and increasing institutional participation. As compliant exchanges expand and new regulated products enter the market, Europe may emerge as one of the world's most mature digital asset jurisdictions, potentially influencing how other countries regulate cryptocurrencies in the years ahead.

This is not just about cryptocurrency regulation—it reflects the broader global shift toward integrating digital assets into the regulated financial system through standardized oversight, stronger investor protections, and modern financial infrastructure.

Seeds of Wisdom Team

Newshounds News™ Exclusive

Sources

• Crypto Briefing – MiCA crypto regime now fully in force, reshaping the EU market overnight

• European Securities and Markets Authority (ESMA) – Markets in Crypto-Assets (MiCA)

~~~~~~~~~~

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Wed. Iraq News Posted by Tishwash at TNT 7-1-2026

TNT:

Tishwash:  On the way to America

 The visit of the Prime Minister to the United States of America is approaching, in response to an official invitation from the US President. The Iraqi delegation is scheduled to head to Washington in mid-July, in an important political and economic stop that is being anticipated by both government circles and business circles.

It is customary in international practice for heads of state and government to include in their foreign visits a select group of leading business figures and heads of influential companies and economic institutions, individuals with a proven track record of achievements and a significant presence in local and global markets.

 Government representation is often limited to a small number of officials, while the majority of the delegation consists of economic figures capable of transforming official meetings into tangible investment opportunities and projects that serve the interests of their countries.

These visits gain their importance from the fact that they are not protocol occasions or ordinary diplomatic trips, but rather intensive workshops dedicated to holding meetings and encounters, building partnerships and attracting investments, in order to achieve long-term strategic goals.

Hence, the selection of individuals participating in the economic delegation should be based on criteria of competence, experience, and the ability to represent the Iraqi private sector in a way that reflects its true potential, with a focus on those with successful experiences and existing projects on the ground, who have the ability to build bridges of cooperation with American companies and institutions.

Iraq today needs to seize every opportunity to promote its investment climate and present its development needs to major international companies, particularly in vital sectors that form the cornerstone of sustainable economic growth. Building strategic partnerships with international investors will also contribute to the transfer of expertise and technology, create jobs, and drive development.

The success of a visit is not measured by the number of meetings or statements issued, but rather by the agreements, projects, and real investment opportunities it can yield.

 Iraq needs a comprehensive investment revolution to revitalize its economy, pull it out of its stagnation, and open up new horizons. For growth, development, and prosperity.  link

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Tishwash:  After the legislative recess... a bet on finalizing the postponed laws.

MP Hussein Shaker affirmed on Tuesday that the Parliament will resume its work after the legislative recess to proceed with enacting important laws, stressing the need to avoid repeating the political disputes that plagued previous sessions and hampered the legislative body's work.

Shaker told the Information Agency, "The Parliament will work after the legislative recess to enact important laws that represent a priority for the coming period, in line with the requirements of the current phase and the needs of the citizens."

He added, "There is a trend within the Parliament to overcome the obstacles that hindered legislative work during previous sessions and to avoid repeating the scenario of political disputes that negatively impacted the performance of the legislative body and affected the passage of many important laws."

He pointed out that "the next phase requires cooperation among the political blocs to complete the remaining laws and expedite the enactment of laws that serve the public interest and strengthen the work of state institutions."

Shaker emphasized that "the success of the Parliament in performing its legislative and oversight duties requires moving beyond political disputes and focusing on completing the important pending laws, in a way that fulfills the aspirations of citizens and contributes to strengthening political and institutional stability." 

Among the stalled laws are the Popular Mobilization Forces Law, the Oil and Gas Law, as well as amendments to the Land Ownership Law and the Federal Supreme Court Law. These laws require overcoming disagreements and prioritizing the national interest in order to be passed. link

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Tishwash:  Parliament is expected to convene in early July to decide on nine ministerial portfolios in al-Zidi's government.

Member of the Coordination Framework, Uday Abdul-Hadi, predicted on Monday that a session of the Council of Representatives would be held during the first week of July to vote on nine ministerial portfolios in Ali al-Zaidi's government.

Abdul-Hadi told Al-Maalouma, "There is political support for completing the formation of Ali al-Zaidi's government from the forces within the Coordination Framework, in coordination with the other political forces and movements." He anticipated "a session of the Council of Representatives in the first week of July to vote on the candidates for nine ministerial portfolios, in order to complete the remaining cabinet positions."

He added that "next week will witness an important round of political meetings, especially among the forces within the Coordination Framework, to finalize the choices regarding the candidates' names, particularly for the sovereign ministries." He indicated that "expectations point to reaching a comprehensive agreement that will lead to holding the parliamentary session and voting on the candidates for the nine ministerial portfolios."  link

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Tishwash:  Sanad: Iraq has become a regional communications hub and an international data transmission corridor.

Communications Minister Mustafa Sand confirmed on Wednesday that the achievements in the communications sector represent an important milestone that will make Iraq a regional communications hub and an international data transmission corridor, noting the continued work on developing infrastructure and expanding internet services in various parts of the country.

During the opening ceremony of the third edition of the Iraqi Communications Summit, which was attended by a correspondent from Shafaq News Agency, Sand said that since the ministry took over responsibility for the communications sector, it has put in place a plan to develop this sector, which included expanding free internet services in a number of locations, including holy shrines, external roads during the Arbaeen pilgrimage season, border crossings, as well as other places.

He added that the ministry has worked on expanding the fiber optic cable project and increasing internet service capacities, which contributes to improving the quality of service, stressing that what has been achieved so far represents an important milestone that makes Iraq a regional communications hub and an important site for digital transformation, in addition to being an international corridor for data transmission.

The Minister of Communications indicated that the ministry continues to work on developing the infrastructure of the communications sector, expanding fiber optic networks, improving communications services, and supporting the development of internet networks and systems.

On June 25, Sanad announced the signing of an agreement with the Qatari company GBI to market cross-border internet (transit) capacities through the "Road of Civilizations" project, confirming the receipt of the first financial payment in hard currency, in a step aimed at strengthening Iraq's position as a regional and international digital corridor for data traffic.  link

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Tishwash:  Source: Al-Zaidi intends to demand that Jordan hand over businessmen and former officials accused of corruption

An Iraqi political source told the Jordanian newspaper “Khaberni” that Iraqi Prime Minister Ali Faleh al-Zaidi is about to issue official letters to Jordan to hand over businessmen and former officials accused of corruption.

The source, who is close to al-Zaydi's political circle, said that the communications would include businessmen working in the car trade, a potato chip factory, and a private hospital.

The sources indicated that the suspects are required to return tens of millions of dollars, not to mention unspecified quantities of gold, and that Baghdad will formally request the seizure of their assets.

The Iraqi Prime Minister had previously confirmed that the campaign represents a “first phase” in the fight against corruption, stressing the continuation of efforts to recover public funds, and emphasizing that there will be no leniency in protecting the interests of citizens.

The Iraqi News Agency had announced the arrest of 47 defendants, including deputies and officials, in corruption cases, and published the names of 15 of them, citing sources it described as high-ranking.  link

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Tishwash:  Under the auspices of the Minister of Oil... a confidentiality agreement was signed between Basra Oil Company and the American company Chevron.

The Basra Oil Company signed a confidentiality agreement with the American company Chevron on Wednesday to regulate the exchange of information for the purpose of evaluating the West Qurna 2 field and negotiating future agreements.

Oil Minister Basim Mohammed Khudair al-Abadi stated in a press release: "The West Qurna 2 field is a giant oil field, and the Russian company Lukoil withdrew from its development operations."

The minister indicated that the ministry provides ample opportunities for international companies to invest, including the American company Chevron, emphasizing the attractive and secure investment environment and the removal of all obstacles.

He affirmed that Iraq aspires to be a leading nation in oil production and exports, thereby achieving industrial and economic development for the country, and noted the ministry's commitment to the interests of international companies operating in Iraq.

He  also emphasized the ministry's adherence to the government's directives regarding the importance of supporting international companies, which are considered partners in developing the oil and gas sectors, and indicated that full support will be provided to ensure the success of these projects and the achievement of the government's objectives.

The minister added that the investment projects being implemented secure job opportunities for local companies, in addition to employing Iraqi workers and developing service infrastructure in areas near the projects through social benefit initiatives.

It is worth noting that the ministry is negotiating with the American company Chevron to implement several projects in addition to the West Qurna 2 field.   link

Seeds of Wisdom RV and Economics Updates Wednesday Morning 7-1-26

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UN Warns Hormuz Disruption Could Leave Lasting Economic Scars

Although the Strait of Hormuz has reopened and energy markets have stabilized, the United Nations warns that the economic effects of months-long supply disruptions could continue to burden vulnerable economies through higher food prices, transportation costs, and inflation. 

Overview

• The United Nations Conference on Trade and Development (UNCTAD) warns that the economic consequences of the Strait of Hormuz disruption will outlast the geopolitical crisis.

• While oil prices have largely recovered, transportation, fertilizer, and food costs are expected to remain elevated, particularly for developing nations.

• Import-dependent economies face prolonged inflationary pressures that could threaten food security, economic growth, and social stability.

Key Developments

1. Supply Chains Recover More Slowly Than Energy Markets

• The reopening of the Strait of Hormuz has restored global energy shipments and helped crude oil prices return closer to pre-conflict levels.

• However, UNCTAD notes that shipping networks, logistics operations, and inventory systems require considerably more time to normalize, meaning transportation costs are likely to remain elevated even as fuel prices decline.

2. Food Inflation Remains a Major Concern

According to the report, higher transportation, fuel, and fertilizer costs continue to flow through agricultural production and food distribution networks.

As a result, food prices may remain elevated well after energy markets stabilize, placing additional financial pressure on households worldwide.

3. Developing Nations Face the Greatest Risk

Countries heavily dependent on imported fuel, fertilizers, and food supplies remain especially vulnerable.

Many developing economies have limited fiscal resources to offset rising import costs, leaving governments with fewer options to protect consumers from persistent inflation.

4. Rising Food Costs Could Increase Humanitarian Challenges

UNCTAD warns that sustained increases in food prices could worsen food insecurity, increase malnutrition, and place greater strain on social assistance programs.

Lower-income households are expected to bear the greatest burden as essential living expenses remain elevated.

5. International Cooperation Will Be Critical

The agency believes coordinated international support—including financial assistance, food aid, and investments in stronger supply chains—will be essential to helping vulnerable economies recover.

Without additional support, inflationary pressures could slow economic growth long after shipping through Hormuz has resumed.

Why It Matters

The reopening of the Strait of Hormuz marks only the beginning of the global recovery. While energy markets have responded quickly, broader economic systems—including agriculture, transportation, and international trade—typically recover much more slowly.

The report illustrates how geopolitical disruptions can produce lasting economic consequences that extend well beyond the immediate crisis.

Why It Matters to Foreign Currency Holders

Persistent inflation and uneven economic recovery could place additional pressure on currencies in import-dependent nations while reinforcing the importance of economic resilience and sound fiscal management. Although this does not directly signal foreign currency revaluations, it demonstrates how global supply chain disruptions continue to influence monetary policy, inflation, and exchange-rate stability.

Implications for the Global Reset

• Pillar 1 – Debt

Higher food and transportation costs may increase government spending, fiscal deficits, and borrowing needs, particularly across developing economies already facing financial constraints.

• Pillar 2 – Trade

The Hormuz disruption highlights the importance of resilient global supply chains, diversified shipping routes, and reduced dependence on strategic maritime chokepoints.

• Pillar 3 – Assets

Persistent inflation and geopolitical uncertainty may continue supporting demand for defensive assets, strategic commodities, and other traditional stores of value.

• Pillar 4 – Technology

Governments and businesses are expected to accelerate investments in logistics technology, supply chain monitoring, and digital trade infrastructure to improve resilience during future disruptions.

• Pillar 5 – Energy

The crisis reinforces the strategic importance of diversified energy supplies, expanded strategic reserves, and continued investment in renewable energy and alternative transportation corridors.

Looking Ahead

Although the immediate threat to global energy supplies has eased, the broader economic recovery is expected to take considerably longer. Policymakers will likely focus on strengthening supply chains, controlling inflation, and supporting vulnerable economies while preparing for future geopolitical disruptions.

This is not just about reopening a critical shipping lane—it reflects the lasting economic impact that geopolitical conflicts can have on global trade, food security, inflation, and the resilience of the international financial system.

Seeds of Wisdom Team

Newshounds News™ Exclusive

Sources

Reuters – UN warns Hormuz disruption could leave lasting economic scars.

Modern Diplomacy – UN Warns Hormuz Disruption Could Leave Lasting Economic Scars

~~~~~~~~~~ 

🌱 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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Iraq Economic News and Points To Ponder Wednesday Morning 7-01-26

Oil Rises As Talks Between Washington And Tehran Stalled, U.S. Inventories Fall

Shafaq News - Baghdad/ Erbil   Oil prices rose on Wednesday, helped by fears of continued supply disruptions in the Middle East after talks between the United States and Iran stalled over a final deal to end the war between them.

Brent crude futures rose 33 cents, or 0.45%, to $73.28 a barrel, while U.S. West Texas Intermediate crude rose 34 cents, or 0.49%, to $69.84 a barrel.

The gains also came after data showed U.S. crude oil inventories fell by 6.1 million barrels in the week to June 26, along with declining gasoline inventories, raising supply concerns.

In the political developments, Iran and Qatar announced that Tehran would meet with mediators in Doha instead of holding direct talks with US officials, despite the arrival of US envoy Steve Whitkov and Jared Kushner to the Qatari capital for talks described by Washington as "high-level."

U.S. Vice President J.D. Vance also stressed that the United States will not allow Iran to impose transit fees on passing ships through the Strait of Hormuz, noting that oil flows through the Strait have returned to pre-war levels.  LINK

Gold Fell On Rising US Bond Yields And Rising Interest Rate Expectations

Shafaq News - Baghdad/ Erbil   Gold prices fell on Wednesday after hitting seven-month lows during the previous session, weighed down by higher U.S. Treasury yields and rising expectations of interest rate hikes by the Federal Reserve.

The price of gold in spot transactions fell 0.7% to $ 3979.41 an ounce, after falling in the previous session to $ 3942.99 an ounce, the lowest level since last November. U.S. gold futures for August delivery fell 1.1 percent to $3,992.70 an ounce.

Gold recorded its largest quarterly decline since 2013 during the second quarter of 2026, and fell for the fourth consecutive month in June, amid growing inflationary fears and high expectations of tightening US monetary policy.

The U.S. dollar and 10-year U.S. Treasury yields rose, adding to pressure on gold by raising the cost of holding the precious metal for investors holding other currencies.

In the same context, the markets expect the Federal Reserve to raise interest rates in September, while investors are waiting for the release of US employment data for June and non-farm payrolls figures to obtain new indicators on the course of monetary policy.

In other precious metals, spot silver fell 1.4 percent to $57.75 an ounce, platinum fell 0.6 percent to $1,542 an ounce, and palladium fell 0.4 percent to $1,199.34 an ounce.   LINK

After Baghdad. The Head Of Turkish Intelligence Visits Kirkuk And Discusses With The Governor Joint Files

Twilight News – Kirkuk   The governor of Kirkuk, Mehmet Simon Agha, received on Wednesday the head of the Turkish intelligence service Ibrahim Qalan at Kirkuk International Airport, in the first official visit by the Turkish official to the province after the conclusion of his talks in the capital Baghdad.

A local source told "Twilight News" that the head of the Turkish apparatus and his accompanying delegation arrived in the province to hold a series of meetings with the local administration, pointing out that the talks will focus on discussing a number of files of common interest and security and political dimensions between the two sides.

Qalan’s tour of Kirkuk comes hours after high-level meetings he held in Baghdad with senior officials in the federal government, focused on joint security coordination and border and energy files.   LINK

Basra Crude Prices Jump By More Than 3% On The Impact Of The Rise Of Global Oil

Shafaq News - Baghdad

Iraqi oil prices rose significantly on Wednesday, in conjunction with the gains made by global energy markets.

Basra heavy crude rose to $ 62.98 per barrel, achieving an increase of $2.32, or 3.82%, while Basra's medium crude rose to $65.08 a barrel, a growth of 3.70%.

Globally, U.S. West Texas Intermediate crude prices grew to $69.77 a barrel, up 0.39%, and Brent crude futures rose to $73.21 a barrel, a slight increase of 26 cents.

Regionally, Saudi Arabian light crude jumped 3.00% to $78.87 a barrel, while Qatar’s Al Shaheen crude rose 2.87% to $67.84, and UAE’s DAS crude rose 0.33% to close at $66.89 per barrel.

Unlike this upward trend, the OPEC crude basket fell 3.60% to settle at $77.37 a barrel, while Dubai crude maintained its price stability at $79.52 per barrel.   LINK

The Dollar Opens Wednesday's Trading On A Decline In Baghdad And Erbil

Shafaq News- Baghdad/ Erbil   The exchange rates of the US dollar fell on Wednesday morning in the markets of the Iraqi capital Baghdad and in Erbil, the capital of the Kurdistan region, compared to the closure of transactions on Tuesday.

The correspondent of the agency Shafaq News, that the prices of the dollar fell in the stock exchanges of the struggle and Harthiya in Baghdad, to record 155,100 Iraqi dinars for every 100 dollars, after it had recorded on Tuesday 156,000 dinars against 100 dollars.

Our correspondent added that the selling prices in banking shops in the local markets in Baghdad amounted to 155,500 dinars against 100 dollars, while the purchase price recorded 154,500 dinars against 100 dollars.

In Erbil, the capital of the Kurdistan region, the dollar prices also fell, with the sale price of 154,850 dinars against 100 dollars, while the purchase price recorded 154,750 dinars against 100 dollars.   LINK

Strict Directives To Subject Government Vehicles To Strict Inspection On External Roads Inside Iraq

Twilight News – Diyala   Security sources said on Wednesday that the competent authorities have received strict directives to stop government vehicles and subject them to a thorough inspection, especially on the main roads and lines linking the central, north and south governorates.

The sources told Shafaq News that these measures have entered into force and include official wheels between the provinces, in order to thwart any attempts to smuggle money or documents, or any other assets that may be linked to files currently under investigation.

This field step comes in conjunction with an escalating anti-corruption campaign launched by the government at dawn last Sunday, and affected officials, deputies and businessmen, which Prime Minister Ali al-Zaidi described as the "first phase" of a broader path to recover public money, directing the regulatory bodies to fully mobilize to receive any indicators related to corruption or institutional failure.

In a related context, the Strategic Center for Human Rights warned on Tuesday morning of misleading campaigns aimed at spreading frustration by claiming that anti-corruption efforts will stop or that they will not reach "large heads," considering those attempts an effort to undermine public confidence in the ongoing government and judicial measures.  LINK

80%. Sharp Decline In Iraqi Oil Exports To South Korea

Shafaq News – Baghdad   Data from the Korean National Oil Company (KNOC) showed that South Korea’s imports of Iraqi crude oil fell by 80.1% year-on-year in May.

According to the data, Korean imports of Iraqi oil during the said month amounted to about 2.146 million barrels, recording a sharp decline compared to 10.778 million barrels in the same month of 2025, a decrease of 62.2% compared to April of this year, reflecting a significant decline in the volume of Iraqi supplies to the Korean market.

In terms of the arrangement of crude oil suppliers to South Korea during the month of May, the lead was as follows:

Saudi Arabia: 18.839 million barrels.

United States: 15.020 million barrels.

United Arab Emirates: 13.151 million barrels.

Algeria: 3.644 million barrels.

Qatar: 2.782 million barrels.

Iraq: 2.146 million barrels.

Kazakhstan: 2.082 million barrels.

During the first five months of this year (January to May), South Korea’s total imports of Iraqi oil amounted to 31,992 million barrels, a total decrease of 29.9% compared to the same period last year.

The Korean report attributed the decline to Seoul’s tendency to diversify its energy sources and reduce excessive dependence on Middle Eastern oil amid the turmoil in the region, as it boosted imports from the UAE, Algeria, Canada and Africa through alternative shipping routes that avoid the Strait of Hormuz.

Seoul plans to raise its imports of Canadian crude oil to 16 million barrels this year, while considering increasing it to 20 million barrels per year in the long term.   LINK

MilitiaMan & CREW IRAQ DINAR UPDATE-48-Hour Iraq Reform Surge: Anti-Corruption, Cabinet & US Visit Push

MilitiaMan & CREW IRAQ DINAR UPDATE-48-Hour Iraq Reform Surge: Anti-Corruption, Cabinet & US Visit Push

6-30-2026

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=-M4Y4MGb02w

Iraq Economic News and Points To Ponder Tuesday Evening 6-30-26

Eram News: 42 Iraqi Officials Implicated With The "Revolutionary Guard" In Smuggling Iranian Oil Away From Washington's Sanctions

Baghdad - One News - 6/30/2026   Anti-corruption investigations have extended from Baghdad to Kermanshah, Iran, revealing a file involving more than forty Iraqi officials suspected of involvement with Revolutionary Guard officials in smuggling oil and providing transit routes away from US sanctions.  

An informed source revealed to Eram News that the investigations are no longer limited to bribery, but are now focused on dismantling a cross-border financial and logistical network.  

This prompted Iranian Foreign Minister Abbas Araqchi to travel quickly to Baghdad in an attempt to contain the repercussions of the case before it escalates into a political and legal crisis between the two countries.  

These developments coincide with the arrest of dozens of Iraqi officials, most notably Deputy Oil Minister Ali Ma'araj al-Bahadli, whom Washington previously accused of facilitating the smuggling of Iranian oil by mixing it with Iraqi oil.   

https://1news-iq.net/إرم-نيوز-42-مسؤولاً-عراقياً-تورطوا-مع-حر/

Iraq Announces Shift To Market Economy, Vows Complete Sovereign Monopoly On Force

Mohammed Jangadost   Iraqi Prime Minister Ali Falih Al-Zaidi (right) speaks during an exclusive interview with the pan-Arab daily newspaper Asharq Al-Awsat.

In a comprehensive and wide-ranging interview with Asharq Al-Awsat, Iraqi Prime Minister Ali al-Zaidi laid out a sweeping legislative, military, and economic roadmap intended to fundamentally decouple the country from its post-2003 structural crises.

Al-Zaidi announced an upcoming "National Sovereignty Conference" slated for the end of this year, which will codify the state's exclusive monopoly on violence. Concurrently, he signaled a hard economic break from Iraq's socialist past, declaring an end to International Monetary Fund (IMF) borrowing and a push to revise the country's OPEC oil production quotas.

Dismantling the 'State Within a State'

Addressing the critical security bottleneck that has long plagued Iraqi sovereign independence, Prime Minister Al-Zaidi confirmed that the government has begun actively collecting stockpiles of heavy and medium weaponry from prominent paramilitary factions. Forces including Saraya al-Salam, Asa'ib Ahl al-Haq, and Kata'ib Imam Ali have already begun surrendering various arms assets to official state mechanisms.

"Resistance is a necessity, not a profession," Al-Zaidi stated, adding that the historical pretext for autonomous paramilitary operations has expired. "The government will no longer tolerate or accept the existence of a state within a state."

The Prime Minister emphasized that the true operational challenge goes beyond physical disarmament; it requires completely severing the command-and-control loops between political factions and individual fighters. To formalize this, the year-end National Sovereignty Conference will establish a strict legal framework banning all weapons outside of official state security apparatuses.

Addressing regional security concerns, Al-Zaidi stated that investigative committees have found no evidence linking recent cross-border attacks on Gulf states to Iraqi territory. He noted that commanders have been given strict directives to preemptively neutralize any unauthorized attempt to launch strikes from within Iraq.

                  [ National Sovereignty Conference ]

[ Paramilitary Disarmament ]                       [ Regional Security ]

• Sever command loops between factions & fighters  • Absolute ban on cross-border strikes

• Surrender of heavy arms to state apparatus       • Guarantee neutrality to Gulf neighbors

Institutional Anti-Corruption and Tech-Driven Clawbacks

Characterizing systemic graft as an existential threat to the Iraqi state rather than a mere administrative hurdle, Al-Zaidi described the emergence of a "deviant ideological system" fueled by competitive public looting.

To counter this, the Prime Minister has instructed the Ministry of Finance to open dedicated accounts designed strictly for the repatriation of stolen national capital. In an unprecedented move aimed at restoring public trust, Al-Zaidi announced that he will forgo his official state salary, refuse all diplomatic or corporate gifts, and has barred himself and his cabinet from running for a subsequent term or forming a political party.

Economic Shock Therapy: Moving to a Market Economy

On the economic front, Al-Zaidi outlined a profound philosophical transition away from decades of state-dominated, socialist-era economic frameworks, many of which stem from the outdated legal remnants of the dissolved Revolutionary Command Council.

Economic Metric / Initiative‍ ‍Strategic Action / Current Status

IMF Relations Complete exit; Iraq will no longer enter sovereign borrowing programs.

Liquidity & USD Shipments Fully resolved; cash liquidity issues have been stabilized via recent capital shipments.

Energy & Development Fund Newly established; open to public subscription and direct sovereign wealth investment from Saudi Arabia, the UAE, and Qatar.

The Prime Minister also targeted international energy policies, stating that Iraq’s current OPEC crude export quota fails to account for its massive population size, historical conflicts, or the immense financial toll the nation incurred while combating ISIS. Baghdad will seek a revised, equitable distribution mechanism within OPEC that accurately reflects its domestic economic realities.

Strategic Autonomy in Foreign Policy

Following an official state visit to Washington, the Prime Minister confirmed an upcoming diplomatic tour to Turkey, Saudi Arabia, and Iran, cementing an independent foreign policy that rejects external mandates.

Commenting on relations with the United States, Al-Zaidi noted that while the White House envoy presented no political demands, discussions successfully focused on sweeping away the dense bureaucratic hurdles that had previously frozen the operations of several major American corporations within Iraq. The streamlined regulatory landscape is part of a broader effort to invite Western, European, and Gulf Arab investment funds into the country's newly formed Energy and Development Fund.

"Nothing comes before Iraq for us," Al-Zaidi concluded. "It is in our people's interest to build an outstanding, transparent relationship with the international community based on mutual respect and shared economic development."    Iraq Announces Shift to Market Economy, Vows Complete Sovereign Monopoly on Force https://channel8.com/english/news/60725   

Al-Kadhimi Opens The File On The “Billion-Dollar Project That Never Became A Stadium”... Saudi Arabia Offered A Major Gift After The Basra Match, But The Dispute Between Eastern And Western Baghdad Turned The Project Into A Lost Opportunity

Baghdad - One News - 6/30/2026   In one of the most detailed accounts of the course of Iraqi-Saudi relations, former Prime Minister Mustafa Al-Kadhimi revealed, during his talk about the period in which he was head of the National Intelligence Service, that the idea of holding the historic match between Iraq and Saudi Arabia in Basra was not just a sports initiative, but came within a political and security track aimed at rebuilding trust between Baghdad and Riyadh after years of estrangement.  

According to Al-Kadhimi, he personally presented the idea to Saudi Crown Prince Mohammed bin Salman during meetings held during the government of former Prime Minister Haider al-Abadi, based on his conviction that sports are capable of breaking the political deadlock and bringing people closer together.  

Al-Kadhimi recounts that the match turned into a remarkable popular message, after the Basra International Stadium was filled with about 60,000 spectators, while tens of thousands remained outside its walls, amid chants from the fans: “Where are you, Green Team? Why are you late?” He considered that moment to have embodied the Iraqis’ thirst for their Arab depth.

He adds that the echoes of the match prompted the Saudi Crown Prince to contact him, informing him that King Salman would be making a call to then-Prime Minister Haider al-Abadi, and that the Kingdom had decided to present a gift to Iraq in the form of funding the construction of a new sports stadium worth one billion dollars.  

But the surprise, according to Al-Kadhimi, is that the project was not hindered by the Saudi side, but rather by internal Iraqi disputes over the location of the stadium; one group insisted on building it in eastern Baghdad, while others insisted on building it in the west, so the initiative ended up being canceled before it saw the light of day.  

According to Al-Kadhimi, this narrative represents one of the most prominent accounts linking diplomacy and sports. It offers a new explanation for the failure of a major investment and sports project that could have been a pivotal moment in developing sports infrastructure in Iraq, and it also highlights the impact of internal divisions in disrupting strategic projects.  

https://1news-iq.net/الكاظمي-يفتح-ملف-المليار-الذي-لم-يصب/

Parliament Speaker Al-Halbousi Affirms That The Judiciary Will  Resolve Corruption Cases And That No Member Of Parliament Will Have Immunity If Legal Charges Are Proven Against Them In The Future

Baghdad - One News - 6/30/2026   Parliament Speaker Hebat al-Halbousi confirmed in an interview with Al Arabiya that lifting the immunity of MPs under investigation does not mean they are guilty of corruption, and that the judiciary has the final say in confirming or denying the charges.  

He explained that the arrests of those accused of corruption were carried out simultaneously due to the sensitivity of the operation, and that no clashes occurred between the raiding forces and the security personnel protecting the accused MPs.  

Al-Halbousi explained in press statements that the MPs included in Operation Dawn of the Greater Charge against those accused of corruption will appear before the judiciary, and that legal procedures will include everyone and there is no immunity for the corrupt, stressing at the same time that there is an agreement between the government and the political blocs to restrict weapons to the hands of the state, and there will be no weapons outside the framework of the state by the thirty of September.  

https://1news-iq.net/الحلبوسي-يؤكد-أن-القضاء-يحسم-قضايا-الف/

GCC Secretary General Visits Baghdad To Discuss Regional Developments And Halt Attacks By Factions On Gulf States

Baghdad - One News - 6/29/2026   A government source reported that the Secretary-General of the Gulf Cooperation Council, Jassim Mohammed Al-Badawi, will arrive in Baghdad on Tuesday afternoon for an official visit to discuss regional developments with Iraqi officials.  

The source said that Al-Badawi's talks in Baghdad will address the Gulf states' declaration of support for Iraq in various fields, in addition to discussing security and political issues related to regional escalation.  

He added that the meetings will emphasize the need to keep Iraq out of the war zone and to prevent the use of Iraqi territory to launch any attack on the Gulf states, as happened in the past, as part of efforts to stabilize the region and prevent the conflict from escalating.   https://1news-iq.net/الأمين-العام-لمجلس-التعاون-يزور-بغداد/

The Next Banking Crisis? What Stablecoins Mean For Your Money | Frank Trotter

The Next Banking Crisis? What Stablecoins Mean For Your Money | Frank Trotter

Liberty of Finance:  6-29-2026

Frank Trotter, co-founder of Battle Bank and the first online bank, explains how stablecoins could transform banking, payments, and the U.S. Treasury market over the coming years.

He also discusses banking system risks, FDIC insurance, commercial real estate exposure, and what individuals can do to better protect their savings.

Finally, Frank shares why he believes stablecoins are here to stay, while warning that privacy, security, and financial stability will remain important concerns as adoption grows.

The discussion opened with a candid assessment of the current state of major banks. Trotter highlighted several areas of concern, including notably low capital reserves, a broad yet sometimes shallow exposure to numerous loan sectors, and persistent liquidity issues that have surfaced during recent economic challenges.

For individual savers, his advice was clear and practical: prioritize asset safety by optimizing FDIC insurance coverage across accounts and conducting thorough research on financial institutions. He even suggested leveraging emerging AI tools to assist in this diligent research process.

Shifting focus to the digital frontier, Trotter eloquently described stablecoins as the natural next step in payment technology. He emphasized their significant advantages, such as enhanced speed, robust security, and the potential for reduced transaction costs, benefits that resonate with both individual users and large corporate treasuries.

However, he also pointed out certain limitations within recent U.S. legislation, such as the Genius Act, specifically noting the ban on paying interest on stablecoin deposits. This regulatory constraint, he suggested, could hinder stablecoins’ ability to compete effectively with traditional banking products.

 Another critical consideration raised was privacy; digital transactions inherently involve a degree of data exposure to governmental and corporate entities, a trade-off each user must carefully weigh.

The conversation then broadened to explore the systemic motivation behind stablecoins. Trotter explained that they could serve to increase demand for U.S. Treasury securities, offering a potential financing solution for the government amidst rising deficits.

 While stablecoins might provide a modest boost to Treasury demand, he cautioned that they alone cannot fully offset declining foreign purchases. The discussion also naturally gravitated toward precious metals, with Trotter highlighting the strong desire for tokenized gold or other metals stablecoins. These innovative financial tools, while currently facing regulatory restrictions in the U.S., hold significant appeal for those seeking diversification and robust wealth preservation strategies.

Finally, Trotter unveiled Battle Bank’s forward-thinking approach to banking. He detailed their innovative offerings designed to empower individuals, including high-interest checking accounts, streamlined precious metals transactions, foreign currency deposits, and retirement accounts that embrace alternative investment options.

With a substantial waiting list, Battle Bank is actively expanding its capacity to allow faster onboarding, driven by a commitment to exceptional customer service in a digitally-focused banking era. The interview concluded with a balanced perspective, expressing cautious optimism for the future adoption of stablecoins and the banking industry’s capacity to skillfully navigate the upcoming monetary challenges.

INTERVIEW TIMELINE:

0:00 Intro

8:40 FDIC insurance

10:30 Stablecoins & the future of banking

https://www.youtube.com/watch?v=f81FoTpChno

Seeds of Wisdom RV and Economics Updates Tuesday Afternoon 6-30-26

BlackRock, Coinbase, Ripple & Mastercard Launch Open Standard OUSD Stablecoin Initiative

Major financial and crypto firms are partnering to introduce a new open-governance U.S. dollar stablecoin designed to lower costs, expand adoption, and reshape digital payments.

Overview

• BlackRock, Coinbase, Ripple, Mastercard, and other financial firms have joined forces to launch the Open Standard OUSD stablecoin later this year.

• The initiative introduces collaborative governance, allowing participating firms to share reserve earnings while eliminating minting and redemption fees.

• The project aims to accelerate global stablecoin adoption by creating a more open, business-friendly payment infrastructure.

Key Developments

1. Major Financial Leaders Unite Behind OUSD

A coalition including BlackRock, Coinbase, Ripple, Mastercard, and several additional financial institutions announced the creation of the Open Standard (OUSD) stablecoin.

Unlike many existing stablecoins, OUSD is designed as an open governance platform, giving participating organizations a direct role in managing the ecosystem.

2. Zero-Cost Minting and Redemption

One of the project's most significant features is the elimination of fees and artificial volume limits for minting and redeeming OUSD.

Developers say removing these barriers should make the stablecoin more attractive for businesses handling large transaction volumes.

3. Reserve Earnings Shared Among Partners

Rather than concentrating reserve income with a single issuer, participating organizations will receive the earnings generated from reserve assets, minus a modest operational management fee.

Supporters believe this creates stronger incentives for collaboration while encouraging broader institutional participation.

4. Collaborative Governance Model

The Open Standard board will include participating partners who will collectively oversee major decisions regarding the stablecoin's future development.

Developers say this governance model provides greater transparency and reduces dependence on a single company controlling the ecosystem.

5. Launch Planned on Multiple Blockchain Networks

OUSD is expected to launch later this year on several Layer-1 blockchains, including Solana and Tempo.

Solana has already confirmed that OUSD will launch natively on its network, highlighting decentralized governance and fee-free issuance.

Why It Matters

Stablecoins are rapidly becoming one of the fastest-growing segments of digital finance. By bringing together traditional financial institutions and leading blockchain companies, the OUSD initiative seeks to create a more efficient payment infrastructure that lowers costs while expanding institutional participation in tokenized finance.

If widely adopted, the project could accelerate the use of stablecoins in global payments, settlement, treasury management, and digital commerce.

Why It Matters to Foreign Currency Holders

The continued expansion of regulated stablecoins demonstrates how digital dollar infrastructure is becoming increasingly integrated into global finance. While this does not directly affect foreign currency revaluations, it highlights the growing modernization of payment systems that could eventually support faster international settlements and greater financial interoperability.

Implications for the Global Reset

• Pillar 1 – Debt

The expansion of stablecoin infrastructure may improve payment efficiency and lower transaction costs, supporting more modern financial systems and reducing settlement friction.

• Pillar 2 – Trade

Digital dollar settlement could accelerate cross-border commerce by enabling faster, lower-cost international payments for businesses worldwide.

• Pillar 3 – Assets

Institutional participation by major asset managers and financial firms reflects growing acceptance of tokenized financial assets and blockchain-based settlement systems.

• Pillar 4 – Technology

The OUSD initiative highlights continued investment in blockchain infrastructure, tokenization, decentralized governance, and programmable digital payments.

• Pillar 5 – Energy

Although not directly focused on energy markets, more efficient digital payment systems can support global trade networks that finance energy transactions and commodity markets.

Looking Ahead

The success of OUSD will largely depend on business adoption, regulatory developments, and participation from additional financial institutions. If the open-governance model proves successful, it could encourage broader collaboration between traditional finance and the digital asset industry while accelerating the evolution of tokenized payment systems.

This is not just about launching another stablecoin—it reflects the accelerating transformation of global finance as traditional institutions and blockchain networks work together to build the next generation of digital payment infrastructure.

Seeds of Wisdom Team

Newshounds News™ Exclusive

Sources

• Open Standard – Introducing Open USD
  

• CoinGape – BlackRock, Coinbase, Ripple, Mastercard Team Up To Launch Open Standard OUSD Stablecoin

~~~~~~~~~~

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Seeds of Wisdom RV and Economics Updates Tuesday Morning 6-30-26

US-Iran Peace Prospects Face Uncertainty as Qatar Diplomacy Continues

Conflicting signals from Washington and Tehran raise new questions about whether a temporary ceasefire can evolve into a lasting peace agreement.

Overview

• Diplomatic uncertainty surrounds planned meetings in Qatar, with conflicting reports about whether direct U.S.-Iran negotiations will occur.

• The fragile ceasefire remains under pressure following recent military exchanges despite ongoing diplomatic efforts.

• Global markets continue watching developments closely because of their impact on oil supplies, the Strait of Hormuz, and regional stability.

Key Developments

1. Conflicting Diplomatic Signals

Senior U.S. officials are expected in Doha, while Iranian representatives have also traveled to Qatar. However, Iranian officials insist that no direct negotiations are scheduled, creating uncertainty over whether meaningful peace talks will actually occur.

2. Ceasefire Faces Continued Pressure

Although both governments publicly support diplomacy, recent missile and drone incidents demonstrate how quickly military tensions can threaten the interim agreement. Analysts say confidence-building measures remain limited, making the ceasefire vulnerable to future escalation.

3. Strait of Hormuz Remains a Central Issue

The Strait of Hormuz continues to dominate negotiations because it carries roughly one-fifth of the world's seaborne oil trade. Discussions continue over maritime security and navigation as shipping companies seek greater certainty after months of disruption.

4. Nuclear Negotiations Still Represent the Biggest Challenge

While reducing military tensions remains the immediate priority, Iran's nuclear program remains the largest obstacle to any comprehensive peace agreement. Future negotiations are expected to focus heavily on inspection arrangements and long-term compliance mechanisms.

5. Regional Stability Depends on Broader Agreements

The negotiations extend well beyond U.S.-Iran relations. Conflicts involving Israel, Hezbollah, and Lebanon remain closely linked, meaning progress on one front could influence stability across the broader Middle East.

6. Markets Respond Cautiously

Financial markets have welcomed reduced military activity, with oil prices easing as traders anticipate more stable Gulf energy exports. However, investors remain cautious because any breakdown in diplomacy could quickly reverse those gains.

Why It Matters

The current diplomatic effort represents an important opportunity to reduce one of the world's most significant geopolitical risks. A durable agreement would strengthen energy security, stabilize international shipping routes, and reduce volatility across global commodity and financial markets.

Why It Matters to Foreign Currency Holders

Foreign currency holders should continue monitoring these negotiations because geopolitical stability directly influences global financial markets, inflation, energy prices, and central bank policy. A sustained reduction in Middle East tensions could support greater market confidence, while renewed conflict could strengthen demand for safe-haven assets and delay broader financial reforms.

Implications for the Global Reset

1. Pillar 1 – Debt

Lower energy prices could help reduce inflationary pressures, easing borrowing costs for governments, businesses, and consumers while improving fiscal stability.

• Pillar 2 – Trade

A secure Strait of Hormuz supports uninterrupted global shipping, strengthens international supply chains, and promotes more stable global trade flows.

• Pillar 3 – Assets

Reduced geopolitical risk may shift investor demand away from traditional safe-haven assets such as gold while improving confidence across equity and currency markets.

• Pillar 4 – Technology

Greater regional stability supports continued investment in digital infrastructure, AI development, cybersecurity, and cross-border financial technologies.

• Pillar 5 – Energy

A lasting peace agreement would strengthen the reliability of global oil and LNG supplies while encouraging long-term investment in diversified energy infrastructure.

Future Outlook

The coming weeks will determine whether diplomatic engagement in Qatar develops into substantive negotiations or remains limited to technical discussions. Maintaining the ceasefire while addressing difficult issues—including Iran's nuclear program and long-term Gulf security—will be essential for any lasting agreement.

Even if direct negotiations remain limited in the short term, continued diplomatic engagement could reduce the risk of renewed conflict and help normalize shipping through the Strait of Hormuz. However, unresolved political differences and broader regional conflicts suggest that achieving a comprehensive peace agreement will likely remain a gradual and uncertain process.

This is not just about diplomacy—it reflects the broader restructuring of global security, energy markets, and international trade, with lasting implications for financial stability and the evolving global economic order. 

Seeds of Wisdom Team

Newshounds News™ Exclusive

Sources

• Reuters: U.S.-Iran diplomacy and Qatar peace talks
  

• Modern Diplomacy: US Iran deal prospects clouded by uncertainty over Qatar diplomacy

~~~~~~~~~~

Seeds of Wisdom Team
Newshounds News

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Follow the Gold/Silver Rate COMEX

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The World's Gold Is Quietly Leaving London and New York

The World's Gold Is Quietly Leaving London and New York

Notes From the Field By James Hickman (Simon Black) June 29, 2026

In December 1916, with German and Austro-Hungarian armies closing in on Bucharest, the Romanian government made a decision that must have felt entirely sensible at the time.

Romania had gambled its way into the Great War a few months earlier, sending its army across the Carpathian Mountains to grab Austro-Hungarian Transylvania, believing that Germany and Austria-Hungary were too exhausted to stop them.

But Romania’s gamble fell apart in weeks. German and Austro-Hungarian were exhausted. But not so exhausted to allow Romania to waltz across the border and grab territory uncontested.

The Central Powers quickly reacted, beat the Romanian army all the way back to Bucharest, and then converged on the capital. The King of Romania and his court fled the country just before it fell.

Just before surrendering, however, Romania’s Prime Minister Ion Brătianu made a bold decision to seal up the country’s gold reserves. He ordered more than 90 tonnes of gold to be loaded in over 1,700 crates onto seventeen railcars, and had it shipped to the one ally Romania was certain it could trust: Russia.

The arrangement made sense on paper. Tsar Nicholas II was Romania's wartime partner, and an overland route to ship the national gold reserves to Moscow seemed far safer than risking German submarines on the sea route to London.

Fortunately the crates arrived safely; Russian officials locked the gold securely inside the Kremlin and provided a written guarantee that the gold remained Romanian property.

But the Russian Revolution broke out only months later. The Bolsheviks seized power, arrested the Tsar, and eventually murdered him and his family. In January 1918, Leon Trotsky severed ties with Romania and declared its gold "untouchable for the Romanian oligarchy."

It’s been more than a century, and Romania is still asking for its gold back from Russia. The gold is worth about $12 billion today and has never been returned.

For most of human history, a king kept his gold where he could see it. It sat behind his own walls, in his own keep, guarded by his own men. The idea of loading your treasure onto a ship and sending it to a rival capital for safekeeping would have struck any medieval monarch as total insanity.

The King of France did not store his gold in London. You did not hand a rival your treasury to seize the moment relations soured.

What changed first was London. By the nineteenth century, Britain ruled an empire that spanned the globe. Its navy went unchallenged. And the British pound was redeemable for gold.

The City of London sat at the center of world finance and ran the deepest gold market on earth.

For foreign governments, keeping gold in the Bank of England's vaults was not a surrender but an upgrade. The metal was safer behind Britain's guns than behind its own, and given the advances of British finance, the gold could be sold, lent, or borrowed against in an afternoon.

The gravity of financial power shifted to New York a century later as Nazi forces conquered Europe. Allowing your national gold reserves to be confiscated by Hitler became a much greater risk than shipping everything to America.

So country after country scrambled to move their gold before German tanks crossed the border.

America was the safest vault on earth: a nation with an ocean on either side, an economy the war had only strengthened, and a bright future ahead of it.

After the war, the 1944 Bretton Woods agreement pinned the dollar to gold— and pegged every global currency to the US dollar. And from then on New York (and London to a lesser degree) were the obvious places for foreign governments to hold their gold reserves.

A country could settle international debts without moving a single ounce, just by having a clerk slide its bars from one stack to another within the same vault.

The arrangement held for eighty years because the US remained the most powerful, most trusted government in the world. But now that trust is vanishing quickly.

According to a recent report published by the World Gold Council, the number of foreign central banks storing gold in New York or London slipped 17% and 11% respectively. And that’s just in a single year.

And the number of central banks bringing their gold home (or at least moving it to neutral third-party vaults) nearly tripled. Gold, for the most part, is going home.

They’re also buying more of it, with central bank gold purchases running at roughly double the historic rate for the third year in a row.

To fund those purchases, central banks are selling US Treasuries... or letting them mature without reinvesting.

Over the past year, gold passed both US Treasuries and the euro to become the single largest reserve asset on earth. And for the first time since 1996, central banks now hold more gold than US Treasuries.

Central banks almost never sell gold. On the rare occasion that some country does sell, it’s usually because they’re in a genuine crisis (like Turkey selling gold to defend a collapsing currency).

Or, as was the case with the British government in the late 1990s, they’re the dumbest people alive.

Absent that kind of emergency or stupidity, governments and central banks “hodl” their gold.

Bottom line, these countries are not shipping their gold out of London and New York to sell it. Just the opposite. It is proof they intend to hold the metal for a very long time, and that they are willing to give up using it as a financial instrument.

None of this is about the gold price on any given morning.

Over the last few weeks, gold slipped below $4,000 an ounce for the first time since November.

Since last fall, as retail investors entered the market driving the price of gold sharply higher, we warned that a pullback like this was likely.

But we also said that nothing about the thesis was changing. The US was still spending far beyond its means and weaponizing the dollar. Washington was still dysfunctional— full of AOCs and Elizabeth Warrens. Therefore global central banks were continuing to diversify their reserves.

We’re not fanatical about gold. But it’s clear that the long-term catalysts to drive prices higher are not going away anytime soon.

The world is more fractured than it was even a few years ago, and dollar dominance is slipping.

So what does everyone own instead? China is pushing for international use of its yuan... and you can see a flicker of it in the payments data. But it is not a real alternative.

The one asset every central bank on earth can hold without worrying who controls it is gold. Plus they all have confidence that gold will still have strategic value 5, 10, 20+ years from now.

That’s why these central banks view $4,000 gold as a reasonable entry point to accumulate more, and they likely will not miss the chance to do so.

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

P.S. The same opportunity is open to everyone else. As gold sold off, so did shares in the companies that dig it out of the ground. Even at gold's all-time highs, many of these producers traded at low multiples while selling their gold for far more than their projections ever assumed.

Their costs stayed roughly fixed, so margins exploded, and some have started paying dividends or raised the ones they had. At $4,000 gold they are still enormously profitable, yet fickle investors are dumping them as if the gold story is over.

It is not. Nothing has changed about why central banks buy, and so far they have moved only a small share of their reserves into gold.

If you want to learn more about these gold companies, and other real assets we research in our newsletter, Strategic Assets, click here.

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