Seeds of Wisdom RV and Economics Updates Thursday Evening 8-6-26

Good Evening Dinar Recaps,

CLARITY Act at a Crossroads: Senate Faces Final Window Before August Recess

With only hours remaining before the Senate's August recess, lawmakers face mounting pressure to decide whether the Digital Asset Market CLARITY Act advances toward a historic vote or slips into an uncertain fall legislative calendar.

 Overview

• The Senate has not yet filed cloture on the CLARITY Act, leaving only anarrow procedural window for action before the August recess.

• Supporters remain optimistic that negotiations could still produce a breakthrough, while opponents continue raising concerns over ethics provisions and regulatory oversight.

• The outcome could significantly influence the future of U.S. digital asset regulation and America's leadership in financial innovation.

Key Developments

1. Senate Clock Continues to Tick

The Senate has not yet filed a cloture motion, the procedural step required before debate can be limited and the legislation can move toward a vote.

While Senate leadership has indicated the bill remains a priority, the legislative calendar has become increasingly compressed. If cloture is not filed promptly, meaningful action before the August recess becomes increasingly difficult.

2. Supporters Say There Is Still Time

Several lawmakers continue expressing confidence that the legislation can still advance.

Senate Banking Committee Chairman Tim Scott has maintained there is still an opportunity to move the legislation before lawmakers leave Washington. Senate Republican Whip John Barrasso has also voiced support for providing greater regulatory clarity for digital assets, reinforcing continued momentum among supporters despite procedural delays.

3. Opposition Centers on Ethics and Oversight

Democratic opposition remains focused primarily on ethics provisions and regulatory safeguards.

Senator Elizabeth Warren has argued that portions of the legislation were heavily influenced by the cryptocurrency industry and has called for stronger consumer protections and stricter oversight. Other lawmakers continue negotiating revisions involving ethics enforcement, decentralized finance, and anti-money laundering provisions in hopes of attracting bipartisan support.

4. Markets Continue Watching Washington

The digital asset industry is closely monitoring every procedural development.

Many market participants believe passage of the CLARITY Act would provide long-awaited regulatory certainty by more clearly defining the responsibilities of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). Even if a final vote does not occur before recess, negotiations are expected to continue when Congress returns.

 Why It Matters

The CLARITY Act represents one of the most significant attempts to modernize the regulatory framework governing digital assets in the United States.

Clear rules could reduce uncertainty for financial institutions, technology firms, and investors while encouraging responsible innovation. Conversely, additional delays could prolong regulatory ambiguity as federal agencies continue developing guidance under existing authorities.

Why It Matters to Foreign Currency Holders

• Digital asset regulation may influence future payment systems and cross-border financial infrastructure.

• Greater regulatory clarity could strengthen confidence in U.S. financial markets and digital asset innovation.

• Global capital flows increasingly consider jurisdictions offering clear legal frameworks for emerging financial technologies.

• Regulatory modernization may shape how digital assets interact with traditional currencies in international commerce.

Implications for the Global Reset

• Pillar: Technology

The CLARITY Act reflects the growing effort to establish modern legal frameworks for blockchain technology and digital financial infrastructure. As governments develop rules for digital assets, regulatory certainty becomes increasingly important for innovation, investment, and long-term financial modernization.

• Pillar: Assets

Digital assets continue evolving into a recognized asset class within the broader financial system. A clearer regulatory framework could improve institutional participation, market transparency, and investor confidence while helping define how digital assets fit alongside traditional financial markets.

Conclusion

The coming days will determine whether the Senate advances one of the most consequential financial technology bills considered in recent years or postpones the debate until later this year.

Although negotiations remain active, the narrowing legislative calendar leaves little room for procedural delays. Regardless of this week's outcome, the debate surrounding digital asset regulation is expected to remain a central issue for financial markets and policymakers.

This is not simply about cryptocurrency legislation—it reflects the broader effort to establish the legal framework for integrating digital assets into the future of the global financial system.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• CoinGape — "Breaking: CLARITY Act Senate Vote This Week Could Fail As Democrats Remain Hostile"

• BSC News — "Senate Whip Barrasso Becomes Latest Lawmaker to Support Crypto CLARITY Act, But Time May Be Running Out"

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They Changed the Rules in 2008 and 2020, it’s Happening again

They Changed the Rules in 2008 and 2020, it’s Happening again

Taylor Kenny and Keely Caul:  8-6-2026

Governments have changed the rules before and history suggests they will do it again.

In this conversation, Taylor Kenney sits down with ITM Trading Senior Analyst Keely Caul to explore what happens during a monetary reset, why financial rules often change during times of crisis, and how those changes can affect far more than the cash in your wallet.

 From mortgages and retirement accounts to property taxes, banking access, and home ownership, they break down the risks most people never think about until it's too late.

In an era of unprecedented economic shifts, the term “monetary reset” has moved from the fringes of financial theory into the heart of mainstream economic discussion.

As global markets fluctuate and traditional currencies face new pressures, understanding the nature of ownership and the stability of your assets is more critical than ever. A recent deep-dive discussion by ITM Trading explores these complex themes, offering a roadmap for individuals looking to safeguard their financial future against systemic volatility.

At the core of the current economic transition is the steady erosion of purchasing power. For decades, many have relied on the relative stability of the US dollar, yet inflationary pressures and expanded monetary policies have begun to diminish what a dollar can actually buy.

This trend forces a reexamination of what it truly means to “own” an asset. In today’s digital-first economy, the majority of wealth is held in “paper” or digital forms—bank entries, brokerage accounts, and contractual agreements.

However, as the ITM Trading discussion highlights, these assets carry significant counterparty risk. This is the danger that the institution or government on the other side of your investment may not be able to fulfill its obligations during a crisis. When you hold a stock or a bank deposit, you are essentially a creditor to that institution. In a severe monetary reset, those digital claims can be frozen, devalued, or subject to government intervention, leaving “owners” with far less than they anticipated.

One of the most significant macro-economic trends discussed is “de-dollarization.” For nearly a century, the US dollar has served as the world’s primary reserve currency, providing the United States with unique economic leverage. Today, however, many nations are seeking to diversify their reserves and move away from dollar-dependent trade.

This shift has profound implications for domestic personal finance. As the global demand for the dollar decreases, its value may face downward pressure, further impacting the cost of living and the real value of traditional savings. For investors, this highlights the necessity of looking beyond domestic currency-denominated assets and considering a more global, diversified approach to wealth preservation.

The conversation underscores a vital distinction: the difference between financial assets and physical assets. Financial assets, such as mortgages and stock market holdings, are intrinsically tied to the health of the financial system. They are subject to market contractions and regulatory changes. In contrast, physical precious metals like gold and silver have historically served as the ultimate hedge against instability.

Gold and silver are unique because they carry no counterparty risk; they are private property that exists outside the conventional banking system. During periods of currency devaluation, these metals have historically maintained their value, acting as a “monetary insurance policy.”

While a portfolio of stocks might fluctuate based on corporate performance or government policy, physical assets provide a tangible foundation of value that is not easily manipulated by legislative changes.

The speakers point to historical precedents to illustrate the vulnerability of “responsible” financial planning during a reset. In the 1980s, Argentina experienced a crisis that saw the government freeze bank accounts and forcibly convert dollar savings into devalued local currency. Similarly, during the Great Depression in the United States, Executive Order 6102 effectively required citizens to deliver their gold to the government.

These examples serve as a sobering reminder that even if an individual manages their finances perfectly, they are still subject to the “rules of the game” set by governing bodies. When a system becomes over-leveraged, history shows that governments may resort to drastic measures to rebalance the books, often at the expense of private savers.

The path forward requires a shift in mindset from simple “growth” to “preservation and preparation.” Diversification should no longer be defined merely as owning different types of stocks, but as owning different classes of assets—specifically those that are physical and liquid.

By balancing a portfolio with physical precious metals, individuals can create a buffer against the potential contractions of the traditional financial market. This “defense” strategy ensures that even if the digital and paper systems face a reset, the individual retains a portion of their wealth in a form that is universally recognized and historically resilient.

The ongoing monetary reset is a complex, multi-faceted evolution of the global economy.

While the future remains uncertain, the principles of physical ownership and risk mitigation remain timeless. Understanding the difference between a “claim on wealth” and “actual wealth” is the first step toward achieving true financial security.

https://www.youtube.com/watch?v=IvbC5zo0wNg

Seeds of Wisdom RV and Economics Updates Thursday Afternoon 8-6-26

Good Afternoon Dinar Recaps,

Oil, Inflation, and Interest Rates Collide: Markets Reprice as the Federal Reserve Faces a New Inflation Test

Rising energy prices, conflicting Federal Reserve signals, and higher Treasury yields are forcing investors to reassess the outlook for inflation, interest rates, and the broader global economy.

 Overview

• Renewed concerns over the Strait of Hormuz pushed oil prices higher, increasing fears that energy-driven inflation could remain elevated.

• Federal Reserve officials delivered mixed messages, with some urging patience while others warned additional rate hikes may become necessary if inflation accelerates.

• Markets are increasingly recognizing how geopolitical events, energy prices, and monetary policy are becoming tightly linked across the global financial system.

Key Developments

1. Oil Prices Rise as Hormuz Risks Return

Oil markets rallied after renewed geopolitical tensions raised concerns about shipping through the Strait of Hormuz, one of the world's most important energy corridors.

Reports that Iran is considering additional restrictions affecting U.S. and Israeli shipping have renewed concerns about global crude supplies. Even the possibility of disruptions has increased energy market volatility, reminding investors how sensitive inflation remains to geopolitical developments.

2. Federal Reserve Officials Send Mixed Signals

Federal Reserve policymakers are no longer speaking with one voice.

Neel Kashkari has argued that persistent inflation and higher energy costs may eventually require additional interest rate increases, while San Francisco Fed President Mary Daly said the July decision to leave rates unchanged was appropriate until more economic data become available. Daly emphasized that policymakers need to distinguish between temporary supply shocks and sustained inflation before making further policy changes.

3. Treasury Markets Reprice Inflation Risk

Treasury yields have remained elevated as investors reassess the possibility that interest rates could stay higher for longer.

Bond markets are increasingly responding to both inflation expectations and geopolitical uncertainty. Higher yields reflect growing caution that persistent inflation could delay any future easing of monetary policy while increasing borrowing costs throughout the economy.

4. Markets Await Critical Economic Data

Attention now turns to upcoming employment and inflation reports, which could significantly influence the Federal Reserve's next policy decision.

Investors are watching whether inflation continues moderating or whether higher energy prices begin feeding into broader consumer prices. The interaction between economic data and geopolitical developments will likely determine market direction over the coming weeks. 

Why It Matters

Today's market movements illustrate how quickly geopolitical events can ripple through the global financial system. Rising oil prices increase inflation risks, which can influence central bank policy, Treasury yields, equity valuations, and borrowing costs across the economy.

As markets evaluate whether current inflation pressures are temporary or more persistent, the Federal Reserve faces the difficult challenge of balancing price stability with continued economic growth.

Why It Matters to Foreign Currency Holders

• Higher interest rates can strengthen the U.S. dollar relative to many foreign currencies.

• Persistent inflation affects purchasing power and exchange rate expectations.

• Higher Treasury yields influence global capital flows as investors seek attractive returns.

• Energy market volatility can create additional pressure on commodity-linked and emerging-market currencies.

Implications for the Global Reset

• Pillar: Debt

Higher Treasury yields increase borrowing costs for governments, businesses, and consumers. As interest expenses rise, managing sovereign debt becomes increasingly challenging, reinforcing why bond markets remain one of the most important indicators of long-term financial stability.

• Pillar: Energy

Energy prices continue serving as a critical transmission mechanism between geopolitics and the global economy. Developments surrounding the Strait of Hormuz directly influence inflation expectations, monetary policy, and overall economic confidence.

Conclusion

Markets are increasingly recognizing that today's financial environment is being shaped by the interaction of energy security, inflation, and central bank policy rather than any single economic indicator.

Whether inflation moderates or accelerates will depend not only on domestic economic data but also on developments in the Middle East and global energy markets.

This is not simply about oil prices or interest rates—it reflects how geopolitical risk, energy security, and monetary policy have become deeply interconnected drivers of the evolving global financial system.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Reuters — "Oil Jumps as Iran Reviews Bill to Ban U.S., Israeli Vessels from Hormuz"

• Reuters — "Fed's Daly Says Central Bank Was Right to Hold Rates Steady at July Policy Meeting"

~~~~~~~~~~

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Iraq Economic News and Points To Ponder Thursday Afternoon 8-6-26

Slemani Market Spokesperson Jabar Goran Predicts Iraqi Dinar Strengthening

@Channel8English   Slemani Market Spokesperson Jabar Goran Predicts Iraqi Dinar Strengthening Speaking to Channel8, Jabar Goran, spokesperson for the Slemani currency market, stated that the Iraqi dinar could strengthen against the US dollar if political conditions in Iraq stabilize and tension surrounding vital trade routes, such as the Strait of Hormuz, eases.

Key Highlights: Economic Impact: Political stability in Iraq and uninterrupted maritime trade are crucial drivers for strengthening the local currency.

Exchange Rate Outlook: Goran anticipates that the US dollar exchange rate could decline to between 142,000 and 147,000 IQD per $100, reflecting a stronger position for the dinar.

8:23 AM · Aug 6, 2026   https://x.com/Channel8English/status/2085355965499515380

 Prominent Officials And Mps Disappear From The Scene As New Lists Of Accused Circulate…  Al-Mada: The “Dawn” Campaign Has Lost Some Of Its Momentum

 latest news Thursday, August 6, 2026   Baghdad - One News - Al-Mada newspaper, quoting political sources, revealed that the “Dawn” anti-corruption campaign has not stopped, despite the decline in its media momentum during the past period, stressing that it has entered a more complicated stage due to parliamentary immunity, political balances and weapons files, amid expectations of restoring its activity after September 30.  

According to the newspaper, more than one hundred MPs have been avoiding attending House of Representatives sessions since the start of the campaign, while a number of officials and prominent MPs have disappeared from the scene, coinciding with the circulation of new lists containing the names of those accused of corruption cases.  

The newspaper quoted its sources as saying that the campaign has not ended, but has lost some of its momentum as a result of overlapping government priorities, foremost among them the security files, the arms control and the financial crisis, expecting it to return strongly after these files are completed.  

For his part, political researcher Basil Hussein told Al-Mada that the campaign faced political and armed resistance, and that its approach to influential figures (such as Maliki) raised its political cost, noting that the multitude of challenges facing the government contributed to the decline in its momentum during the current stage.   

The newspaper added, quoting political sources, that there were unwritten understandings that kept former prime ministers and a number of figures who founded the political process out of the circle of prosecution, while practical measures were limited to a small number of files, most notably within the Ministry of Oil, and included the two undersecretaries of the ministry, Adnan al-Jumaili and Ali Ma’araj.  

Al-Mada indicated that the funds recovered so far are estimated at about 250 billion dinars, compared to estimates that speak of the existence of about 200 billion dollars of funds related to corruption cases.  

For his part, political analyst Ghaleb al-Da'mi told the newspaper that the return of the House of Representatives to session and the end of the legislative recess made the procedures for lifting immunity more difficult, which led to a temporary lull in the campaign, without meaning that it had stopped.    Source: Al-Mada Newspaper

  https://1news-iq.net/مسؤولون-ونواب-بارزون-يغيبون-عن-المشهد/

An Economist Says Iraq Has Entered A Phase Of "Paying The Price" As A Result Of Accumulated Mismanagement And Corruption - Urgent

  Baghdad Today - Baghdad    Economic expert Ziad Al-Hashemi said on Tuesday (August 4, 2026) that Iraq has entered a phase of "paying the price" for what he described as the accumulation of failures, corruption and mismanagement over more than twenty years, considering that the current crisis is the result of the policies of successive governments, in addition to the responsibility of political parties, parliament and oversight institutions.

Al-Hashemi said, in a statement followed by “Baghdad Today”, that financial and administrative losses and failures have accumulated during the past years without real treatment, accusing political forces of being preoccupied with “dividing the spoils”, while the regulatory and legislative bodies were unable or negligent in performing their role in accountability and reform.

He added that, in his view, the responsibility is not limited to governments, but extends to the parliament that approved large budgets, the political forces that dealt with the state according to the logic of power-sharing, as well as regulatory institutions, elites, media and the public, some of whom he said contributed, to varying degrees, to the continuation of the existing approach.

Al-Hashemi pointed out that Iraq is not facing a temporary liquidity crisis, but rather is going through the repercussions of what he described as an economic and political system that relied on quotas, corruption and buying loyalties, considering that the reform opportunities that were available during the years of financial abundance were not invested in building a diversified economy that is more capable of facing crises.

He warned that continuing to address the crisis through borrowing or postponing payments, without implementing structural reforms, could prolong the economic challenges, stressing that the cost of this would be borne by the citizens.

Economic and political experts offer differing views on the causes of the crisis and ways to address it, amid repeated calls for the implementation of financial and economic reforms, diversification of income sources, and a reduction in dependence on oil.  https://baghdadtoday.news/304321-.html

Iraqi Parliament Calls Emergency Session Over Fiscal Crisis

Shanya Salar

At a Glance

• 148 MPs back emergency session

• Finance minister to brief lawmakers

• Oil revenue trails monthly spending needs

• Salary funding among top priorities

The Iraqi Council of Representatives will hold an extraordinary session on Saturday to address the country's worsening fiscal crisis and delayed public sector salaries, as lawmakers seek urgent measures to close a widening budget gap.

Key Statements and Focus Area

• Iraq's monthly oil revenue has fallen to 2.5 trillion IQD, while monthly obligations are estimated at 10 trillion IQD.

• Lawmakers will discuss emergency fiscal measures, including alternative revenue sources and possible borrowing legislation.

• The session will focus on securing public sector salaries and maintaining essential government operations.

According to information obtained by Channel8, the Iraqi Council of Representatives will convene an extraordinary session on Saturday to discuss the country's growing financial challenges and delays in paying public sector salaries.

The session comes as declining oil revenues have significantly reduced government income, increasing pressure on the federal budget and prompting lawmakers to consider urgent legislative solutions.

A total of 148 members of parliament signed a formal request for the emergency session, arguing that the country's financial situation requires immediate legislative intervention.

Finance Minister Faleh al-Sari is expected to attend the session after requesting an opportunity to present the latest figures on Iraq's fiscal position and explain the government's financial outlook.

Lawmakers are expected to discuss a broader emergency fiscal strategy aimed at strengthening state revenues, maintaining market confidence, and ensuring the continuity of government spending.

Parliament is expected to examine a range of legislative options, including temporary fiscal measures, new borrowing authorizations, and proposals to reduce public spending in an effort to address the budget shortfall.

The primary objective is to secure funding for public sector salaries and other essential government obligations while addressing the widening gap between revenues and expenditures.

Iraq continues to rely on crude oil exports for more than 90% of federal revenues, leaving public finances highly exposed to fluctuations in global oil prices.

According to the figures obtained by Channel8, monthly oil revenues have fallen to approximately 2.5 trillion Iraqi dinars, while the government requires an estimated 10 trillion dinars each month to finance salaries and essential ministry operations.

The widening gap has increased pressure on the state budget and raised concerns over the government's ability to meet its financial commitments without additional policy measures.

FYI

Iraq's federal budget remains heavily dependent on oil exports, making government revenues vulnerable to movements in global energy markets. In recent months, lower oil prices have reduced monthly income while expenditure commitments have remained largely unchanged. Iraqi authorities have increasingly explored measures such as expenditure rationalization, non-oil revenue generation, and additional financing mechanisms to maintain salary payments and essential public services.    https://channel8.com/english/news/63092

Thursday Iraq News Posted by Tishwash at TNT 8-6-2026

TNT:

Tishwash:  Iraq and the World Bank launch steps to modernize public financial management

The Ministry of Finance, in cooperation with the World Bank, began on Wednesday implementing the requirements for preparing the roadmap for digital transformation and modernizing public financial management, within the framework of the government's program for financial and administrative reform.

The ministry stated in a statement received by Kalima News: that the Undersecretary of the Ministry of Finance, Ali Karim, held a meeting with a World Bank delegation headed by Emmanuel Salinas, in the presence of the Directors General of the Public Debt, Budget and Accounting Departments, and members of the National Digital Transformation Team.

She added that the meeting witnessed the commencement of preparing the executive roadmap for digital transformation in the ministry, through the adoption of an integrated methodology to assess the institutional reality, identify priorities and roles, set timetables and performance indicators, in accordance with best international practices.

The Undersecretary stressed that digital transformation is one of the main pillars of financial and administrative reform, as it provides an enhancement of governance and transparency and raises the efficiency of public financial management.

For its part, the World Bank delegation renewed its commitment to continue providing technical and advisory support and transferring international expertise, which contributes to the implementation of the government program and the development of the financial management system in Iraq.   link

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Tishwash: Al-Zaydi's advisor: The Central Bank's reserves have decreased from $106 billion to $80 billion.

The Prime Minister’s financial advisor, Mazhar Saleh, revealed that the Central Bank of Iraq’s reserves have decreased from about $106 billion to about $80 billion, stressing that this level still represents an indicator of financial stability .

Saleh said in a televised interview followed by Al-Sa’a Network that “the Central Bank’s reserves reached about $106 billion at one point, before gradually decreasing to about $80 billion .”

He added that "the current reserve is still within safe levels and is an indicator of monetary stability, as the central bank continues to secure the needs of the economy and meet its obligations ."

He noted that "inflation remains at low levels, estimated at around 4.5%, which reflects continued economic stability and the absence of significant inflationary pressures ."

Saleh stressed that "what is important for the Central Bank is to maintain monetary stability and ensure the financing of the needs of the state and the

economy, even with the presence of internal debt or a relative decline in the size of reserves  link

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Tishwash:  A government advisor reveals the fate of next month's salaries.

The Prime Minister’s financial advisor, Mazhar Saleh, revealed the outlines of the government’s approach to the salary crisis in the coming period, suggesting that the government will likely delay the disbursement of salaries as a temporary measure to address the liquidity crisis .

Saleh said in a televised interview followed by Al-Sa’a Network that “the government may rely on investing time by delaying the payment of salaries, in order to provide an opportunity to collect the necessary cash flows to cover expenses .”

He explained that "this measure represents a temporary solution and not a permanent one," stressing that "it cannot continue for a long period in light of the ongoing financial crisis and declining revenues ."

He noted that "the coming months will remain difficult if the oil revenue crisis continues," pointing to "a financial gap that necessitates the search for urgent financing solutions ."

Saleh added that "one of the options being considered is external borrowing," explaining that "the current Financial Management Law does not allow borrowing to cover the budget deficit in the current form, which would require new legislation if this option is adopted  link

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Tishwash:  The Central Bank Governor discusses regulating digital payments with the head of the Media and Communications Commission.

The Governor of the Central Bank of Iraq, Mr. Nizar Nasser Hussein, met with the Head of the Executive Authority of the Media and Communications Commission, Mr. Baligh Abu Kalal, to discuss mechanisms for enhancing joint cooperation in regulating digital payment services and developing the legislative and regulatory environment for the digital economy in Iraq.

The meeting addressed mechanisms for regulating the operation of digital applications and electronic payment platforms to ensure their compliance with applicable Iraqi laws and regulations, and to strengthen the regulatory environment that guarantees the protection of users' rights and reinforces the principles of transparency and legal compliance.

The two sides also discussed ways to enhance cooperation in combating money laundering and the financing of terrorism by developing coordination mechanisms between the two institutions, in line with national and international standards, and to maintain the integrity of the financial and digital system in Iraq.

The meeting also addressed the reactivation of financial transactions through the TikTok application and mechanisms for regulating payments to influencers and content creators to ensure their compliance with the legal, tax, and financial frameworks adopted in Iraq, and to safeguard the rights of all parties.

In another area of ​​discussion, the two sides addressed mechanisms for attracting and licensing global digital companies and platforms, including Apple, Google, Meta (owner of Facebook and Instagram), and other international firms, to operate legally within Iraq. This includes regulating payment processes and the digital services they offer, thereby enhancing confidence in the investment environment and the national digital economy.

They also discussed the memorandum of understanding to be signed between the Central Bank of Iraq and the Communications and Media Commission, aiming to establish an institutional framework for cooperation on shared issues, particularly the regulation of digital payments, financial technologies, and electronic services. This will contribute to supporting digital transformation and strengthening integration among state institutions.

Baghdad - Media Office   link

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Tishwash:  In its regular meeting hosted by President Al-Zaydi, the State Administration declared that those carrying weapons outside the framework of the state will be treated as outlaws.

 On Wednesday evening, August 5, 2026, Prime Minister Ali Faleh al-Zaidi hosted the thirty-seventh periodic meeting of the State Administration Coalition, in the presence of the President of the Republic, the Speaker of Parliament, the President of the Supreme Judicial Council, the President of the Kurdistan Region of Iraq, and the leaders of the coalition from the Iraqi national forces, where the overall political, security, economic and service conditions in the country were discussed, as well as regional developments and their repercussions on Iraq.

At the start of the meeting, the Prime Minister reviewed the efforts to enhance security and stability, improve services, implement the ministerial program, and address economic and financial challenges, stressing that the government places the protection of citizens’ interests at the forefront of its priorities.

The State Administration Coalition affirmed its support for continuing efforts to maintain security and stability, and efforts aimed at restricting weapons to the state in accordance with the ministerial program voted on by the House of Representatives, which became an effective law, and preventing the use of Iraqi lands as a launching pad for attacks on neighboring countries or dragging Iraq into conflicts that do not serve the interests of its people.

The coalition considered that whoever engages in this behavior is committing a crime of threatening the security of the country, and will be among the outlaws who must be fought, in accordance with the articles of the constitution that prohibit the use of weapons outside the will of the state, or the formation of any armed organization outside the official armed forces.

While the attendees condemned the attacks on Iraqi armed forces units and the martyrdom of a number of its members, they called for adherence to the timelines for the steps to restrict weapons after September 30, 2026, after which any armed behavior outside the framework of the state will be dealt with according to the anti-terrorism law.

The meeting also discussed the economic and financial situation, and the need to take measures to ensure the continuity of basic services and projects, diversify oil export outlets, enhance non-oil revenues, and combat waste, smuggling, and corruption.

On the regional level, the meeting affirmed Iraq’s support for efforts to promote calm and dialogue in the region, its rejection of the use of force in settling disputes, and its readiness to play a positive role in bringing together the viewpoints of the conflicting parties, in a way that contributes to preserving regional security and protecting common interests.

The participants also discussed developments in neighboring countries, and stressed the importance of strengthening border security, combating terrorism, drugs and organized crime, and developing Iraq’s relations with neighboring, regional and international countries on the basis of mutual interests, respect for sovereignty and non-interference in internal affairs.

At the conclusion of the meeting, the coalition called for expediting the formation of the government and sending the government program to the House of Representatives for discussion and approval.  link

Iraq Economic News and Points To Ponder Thursday Morning 8-6-26

Trade Grows At Iraq's Trebil And Al-Waleed Crossings

2026-08-05 Shafaq News- Al-Anbar  Commercial traffic through two of Iraq's western border crossings has increased, driven by improved security along the trade routes, the commissioner of Al-Rutba district in western Al-Anbar province said Tuesday.

Imad Al-Rishawi told Shafaq News that about 1,000 tankers depart daily through the Trebil crossing with Jordan and the Al-Waleed crossing with Syria, with a similar number of empty tankers entering.

Al-Rishawi, commissioner of Al-Rutba, a district in the western Al-Anbar province bordering both Jordan and Syria, said the movement reflects growing commercial transport between Iraq and neighboring states. He attributed the increase to security stability that has eased the flow of cross-border exchange. The two crossings still require infrastructure rehabilitation to match current traffic volumes.

Separately, a source told Shafaq News that about 1,000 Iraqi trucks are stranded in the Aqaba area of Jordan because storage tanks there are full. About 1,800 tanker drivers have waited 18 days to unload cargoes of crude oil.

https://www.shafaq.com/en/Economy/Trade-grows-at-Iraq-s-Trebil-and-Al-Waleed-crossings

Oil Prices Drop On Iran-Oman Shipping Talks Progress

2026-08-06 Shafaq News   Oil prices trended lower on Thursday on the progress in Iran-Oman talks, with investors cautiously waiting for signs of a U.S.-Iran peace deal and progress on reopening the Strait of Hormuz.

Brent crude futures fell 33 cents, or 0.42%, to $79.12 a barrel by 0418 GMT. U.S. West Texas Intermediate futures declined 42 cents, or 0.56%, to $74.80 a barrel. Brent settled up slightly on Wednesday, while WTI edged lower.

Iran and Oman have reached an understanding on the geographic coordinates for a shipping route through the Strait of Hormuz, and a joint announcement is being finalised, provided certain third parties did not interfere, Iran's Foreign Ministry ⁠spokesperson Esmaeil Baghaei said on Wednesday.

"Some selling pressure emerged following reports that talks between Iran and Oman are making progress," said Yuki Takashima, economist at Nomura Securities.

Prices have returned to the levels seen when the United States and Iran signed an interim peace agreement on June 17, with investors closely watching whether the two sides can reach a final deal, he added.

A proposed deal between Iran and Oman to help end the U.S.-Iran conflict would give Tehran control over ships entering the Gulf through the Strait of Hormuz, a senior Iranian source and two regional officials told Reuters on Wednesday, one of the biggest concessions yet to Iran.

There was no immediate U.S. comment on the proposal. While President Donald Trump has said a deal reopening the strait is imminent, U.S. officials have repeatedly insisted they ⁠would never agree to Iran controlling access to one of the world's most important trade route for energy supplies.

Iran has warned Gulf states that any new U.S. attack on its territory would trigger retaliation against critical energy infrastructure across the region, according to five sources, as Tehran seeks to raise the cost of military action by threatening Washington's closest regional allies.

"The real hinge point now becomes the trajectory of U.S.–Iran discussions, because meaningful progress ⁠there is essential before disrupted energy flows can realistically resume," ING analysts said in a note on Thursday.

Gulf countries' crude oil and condensate exports were largely steady in July and remained about 40% below pre-war levels, shipping data showed.

Meanwhile, Yemen's Iran-aligned Houthis said on Wednesday they had launched a missile attack on ⁠a Saudi oil tanker off the coast of the kingdom's Red Sea port city of Yanbu and another missile attack on a Saudi oil tanker in the Gulf of Aden. There was no confirmation from Saudi Arabia on either incident.

Takashima said concerns that ⁠Houthi attacks could hit Red Sea shipping were limiting optimism about the outlook for an end to shipping disruptions in the Middle East.  (REUTERS)

https://www.shafaq.com/en/Economy/Oil-prices-drop-on-Iran-Oman-shipping-talks-progress

Basrah Crudes Retreat Alongside Global Decline

2026-08-06 Shafaq News- Basrah   Iraq’s Basrah crude prices fell by less than 2% on Thursday, tracking a broader decline in major global oil benchmarks.

Basrah Heavy crude dropped to $52.42 per barrel, down 1.71%, while Basrah Medium crude slipped to $54.72 per barrel, a decline of 91 cents, or 1.64%.

Brent crude edged lower to $79.12 per barrel, losing 33 cents, or 0.42%. US West Texas Intermediate (WTI) crude also declined, falling 42 cents, or 0.56%, to $74.80 per barrel.

https://www.shafaq.com/en/Economy/Basrah-crudes-retreat-alongside-global-decline

USD/IQD Climbs In Baghdad, Erbil Trading

2026-08-06 Shafaq News- Baghdad/ Erbil   The US dollar opened Thursday’s trading higher in Iraq, hovering around 152,000 dinars per 100 dollars.

According to Shafaq News market survey, the dollar traded in Baghdad’s Al-Kifah and Al-Harithiya exchanges at 152,050 dinars per 100 dollars, up from the previous session’s 151,900 dinars.

In the Iraqi capital, exchange shops sold the dollar at 152,500 dinars and bought it at 151,500 dinars, while in Erbil, selling prices stood at 152,250 dinars and buying prices at 152,150 dinars.

https://www.shafaq.com/en/Economy/USD-IQD-climbs-higher-in-Baghdad-Erbil-trading

Gold Rallies In Baghdad And Erbil Markets

2026-08-06 Shafaq News- Baghdad/ Erbil    On Thursday, gold prices hovered around 900,000 IQD per mithqal in Baghdad and Erbil markets, according to a survey by Shafaq News Agency.

Gold prices on Baghdad’s Al-Nahr Street recorded a selling price of 920,000 IQD per mithqal (equivalent to five grams) for 21-carat gold, including Gulf, Turkish, and European varieties, with a buying price of 916,000 IQD. The same gold had sold for 897,000 IQD on Wednesday.

The selling price for 21-carat Iraqi gold stood at 890,000 IQD, while the buying price reached 886,000 IQD.

In jewelry stores, the selling price per mithqal of 21-carat Gulf gold ranged between 920,000 and 930,000 IQD, while Iraqi gold sold for between 890,000 and 900,000 IQD.

In Erbil, 22-carat gold was sold at 956,000 IQD per mithqal, 21-carat gold at 914,000 IQD, and 18-carat gold at 783,000 IQD.

https://www.shafaq.com/en/Economy/Gold-rallies-in-Baghdad-and-Erbil-markets

CBI June Dollar Sales Rise 15%

2026-08-06 Shafaq News- Baghdad   The Central Bank of Iraq's (CBI) foreign currency sales rose 15% to $5.857 billion in June from $5.092 billion in May, driven by higher funding of Iraqi banks' overseas accounts, according to official data.

The increase was largely attributed to funding provided to Iraqi banks' accounts abroad outside CBI's former foreign currency sales window, which climbed to $5.538 billion in June from $4.941 billion in May, up 12.1%.

Cash dollar sales more than doubled during the month, rising to $319 million from $151 million in May.

Transfers to banks' overseas accounts remained the central bank's primary channel for supplying US dollars to the domestic market. No sales were recorded through bank transfers, letters of credit, or international settlement operations during June.

In the first six months of 2026, CBI's total foreign currency sales reached $25.91 billion, including $24.74 billion allocated to funding banks' overseas accounts and $1.17 billion in cash sales.  

https://www.shafaq.com/en/Economy/CBI-June-dollar-sales-rise-15

Seeds of Wisdom RV and Economics Updates Thursday Morning 8-6-26

Good Morning Dinar Recaps,

China Expands Yuan Finance: Central Bank Push Signals New Phase in Global Financial Realignment

China's central bank is accelerating financial reforms, supporting local government debt restructuring, and expanding yuan-based international finance as BRICS cooperation gains momentum.

Overview

• China's central bank pledged to maintain accommodative monetary policy while expanding international use of the yuan through cross-border finance and panda bonds.

• Officials also reaffirmed support for resolving local government debt risks, highlighting debt stability as a national priority.

• As India advances the 2026 BRICS agenda, these developments reinforce the gradual evolution toward a more multipolar global financial system.

Key Developments

1. China Signals Continued Monetary Support

The People's Bank of China (PBOC) announced it will maintain an appropriately accommodative monetary policy while ensuring ample liquidity across the financial system.

Officials emphasized flexibility in using monetary tools as economic conditions evolve during the second half of 2026.

2. Debt Restructuring Remains a Major Priority

China reaffirmed its commitment to supporting the restructuring of local government financing vehicle debt, an issue that has weighed on financial markets for several years.

Reducing debt risks remains central to maintaining confidence in China's financial system while supporting long-term economic stability.

3. Yuan Internationalization Continues

The PBOC pledged additional support for:

• Yuan-denominated "Panda Bonds"

• Cross-border financing

• Shanghai's international financial role

• Hong Kong's position as a leading offshore yuan center

These initiatives continue China's long-term effort to expand international use of its currency.

4. BRICS Financial Cooperation Advances

India's BRICS presidency continues building toward the September BRICS Summit, with ministerial meetings focusing on financial cooperation, trade, and development initiatives.

Although today's meetings do not introduce a new payment system, they demonstrate continued coordination among BRICS members on long-term economic priorities.

Why It Matters

The combination of debt management, central bank policy, and expanded yuan financing illustrates how major economies are adapting to a changing global financial landscape.

Rather than replacing the existing financial system overnight, countries are gradually building additional channels for trade, lending, and investment that increase financial resilience and diversify international capital flows.

Why It Matters to Foreign Currency Holders

• Debt stability influences long-term confidence in major economies.

• Growing international use of the yuan could gradually affect global currency demand.

• Expanded cross-border financing supports diversification within international markets.

• Central bank policies continue shaping interest rates, capital flows, and exchange rate dynamics.

Implications for the Global Reset

• Pillar: Debt

China's continued focus on resolving local government debt underscores how sovereign debt management remains one of the defining financial challenges facing major economies. Stable debt markets support confidence in both domestic and international financial systems.

• Pillar: Trade

Expanding yuan-based financing and strengthening cross-border financial infrastructure support the gradual diversification of international trade settlement. These efforts complement broader BRICS initiatives aimed at increasing financial cooperation among emerging economies.

Conclusion

China's latest policy announcements demonstrate that the evolution of the global financial system is occurring through incremental structural reforms rather than sudden transformation.

By combining debt stabilization, monetary flexibility, and expanded international financial infrastructure, policymakers continue laying the groundwork for a more diversified global financial architecture.

This is not simply about China's monetary policy—it reflects the broader evolution of global finance as major economies expand alternative channels for trade, lending, and international capital flows.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Reuters — "China's Central Bank Pledges Timely Policy Tool Adjustment"

• The Economic Times — "India's BRICS Presidency Gathers Momentum With Key Ministerial Meets"

~~~~~~~~~~

🌱 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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“We’ve Already Crossed the Point of No Return’ – Bill Holter’s Financial Warning

“We’ve Already Crossed the Point of No Return’ – Bill Holter’s Financial Warning

Miles Franklin Media:  8-4-2026

Andy Schectman, Founder & CEO of Miles Franklin Precious Metals, sits down with precious metals expert and broker Bill Holter, aka “Mr. Gold,” for a deeply personal and urgent discussion about the debt-based financial system.

Holter explains why he believes the mathematics of debt have already pushed the system beyond the point of no return and why a credit contraction could spread frighteningly fast from financial markets into the real economy.

They discuss rising interest rates, the unwinding yen carry trade, warning signs in private credit, deteriorating confidence in the U.S. Treasuries and the consequences for food, energy, utilities and everyday life.

Holter also explains why he considers physical gold and silver the only financial “life rafts.”

In this episode of Little by Little with Andy Schectman:

Why the global debt system must continually create more credit to survive

How a credit collapse could spread from Wall Street into food, energy and utilities

The unwinding yen carry trade and the danger of rising global interest rates

Warning signs emerging in private credit and leveraged financial markets

Why Bill believes the debt has crossed the mathematical point of no return

Gold and silver as real money in a world built on defaultable paper assets

Why a financial collapse could rapidly become a societal crisis

Practical steps families can take to prepare for a systemic disruption

Bill’s friendship with Jim Sinclair and the lessons he learned from “Mr. Gold”

00:00 Coming Up

01:15 Introduction

02:45 Friendship Stories

04:27 Who Was Jim Sinclair

11:05 Sinclair Lessons

15:47 Gold Confiscation Plan

26:18 Credit Is The Game

32:20 From Finance To Society

35:15 Yen Carry Trade Unwinds

36:23 Rates Up Dollar Down

37:15 Yen Carry Trade Unwinds

39:14 Fed Losing Yield Control

42:26 Private Credit Canary

47:48 Where To Ride It Out

50:25 Gold Silver Life Rafts

54:04 The Math Behind Collapse

59:17 Power Grid And Supplies

01:02:41 Legacy And Origin Story

https://www.youtube.com/watch?v=mLWi4nU9RC8

Iraq Economic News and Points To Ponder Wednesday Afternoon 8-4-26

Is Money Being Printed To Pay Salaries? An Economist Explains The Risks And Warns Of The Consequences.

Baghdad Today - Baghdad    Financial and economic expert Ahmed Abdel Rabbo warned on Wednesday (August 5, 2026) against calls to print currency to secure employee salaries or finance the financial deficit, considering that they lack legal and economic foundations and may lead to serious repercussions on monetary stability and the Iraqi economy.

Abd Rabbo told Baghdad Today that the Central Bank of Iraq Law No. (56) of 2004 regulates the process of issuing currency, explaining that printing currency is a technical procedure aimed at managing the money supply and meeting the needs of the economy, and is not a means of financing government expenditures or covering the financial deficit.

He added that issuing new quantities of currency without real growth in production or an increase in corresponding assets leads to an unjustified rise in cash liquidity, which is reflected in increased inflation rates, a decline in the purchasing power of the dinar, and a decrease in the real value of citizens’ salaries and savings.

He explained that what is known economically as "financing by printing" is one of the most dangerous options in times of financial crisis, because it weakens confidence in the local currency and increases demand for foreign currencies, especially the dollar, which exacerbates pressure on the exchange rate and affects financial stability.

Abdel Rabbo pointed out that there is confusion between the monetary policy tools managed by the central bank and the fiscal policy undertaken by the government, explaining that the use of local debt instruments or discounting treasury bills is different from printing currency to finance current spending, as these instruments are subject to legal and financial controls, while the other option leads to continuous inflationary pressures.

He stressed that addressing the liquidity crisis should rely on sustainable financial and economic reforms, including rationalizing government spending, maximizing non-oil revenues, developing electronic tax and customs collection, recovering looted funds, combating corruption, and expanding the use of domestic debt instruments within controls that maintain monetary stability and protect citizens’ purchasing power.

Discussions in Iraq increase during periods of financial pressure regarding the mechanisms for financing government spending, particularly employee salaries, given the budget's heavy reliance on oil revenues.

Economic experts confirm that addressing the fiscal deficit requires structural reforms and diversifying revenue sources, while the Central Bank of Iraq stresses the importance of maintaining monetary policy stability, the value of the dinar, and reducing inflationary pressures.   https://baghdadtoday.news/304420-.html

The Salary Crisis Tops The Agenda Of The Meeting Between The State Administration And The Three Presidencies.

Information/Special..  Salah Boushi, a member of the State of Law Coalition, stated on Wednesday that the meeting of the State Administration Coalition, in light of the challenges facing Iraq, is of exceptional importance in addressing the economic crisis, specifically the issue of delayed salaries.

Bushi explained to Al-Maalomah News Agency that “the extraordinary meeting of the State Administration Coalition stems from the participation and presence of the three presidencies to discuss many issues, foremost among them the current financial crisis and finding solutions to it,” noting that “solving the financial crisis now requires political and economic decisions to rationalize importance spending, diversify non-oil revenues, and rearrange budget priorities in a way that preserves the rights of citizens.”

He emphasized that "any agreement and understanding between the political forces and the three presidencies will directly impact financial and economic stability and strengthen citizens' confidence in the state's direction," adding that "true success is not measured by the number of meetings, but by the state's ability to translate political consensus into economic decisions that alleviate the burdens on citizens and establish long-term financial stability." (End of 25)

https://almaalomah-me.translate.goog/news/140372/politics/أزمة-الرواتب-تتصدر-جدول-اعمال-اجتماع-إدارة-الدولة-والرئاسات?_x_tr_sl=ar&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=sc

Parliament Hosts The Minister Of Finance To Discuss The Delay In Paying The Salaries Of More Than One Million Employees.

The Information Agency/Baghdad...  MP Ibtisam Hashim al-Hilali, from the State of Law Coalition, confirmed on Wednesday that the Parliament will host Finance Minister Falih al-Sari next week to discuss the reasons for the delay in paying the salaries of more than one million permanent employees.

Al-Hilali said in a statement received by the Information Agency that “the meeting will address the financial and economic situation in the country, as well as discuss the measures required to reduce expenditures and maximize non-oil revenues,” emphasizing her rejection of any tampering with employee salaries.

She added that "changing the salary payment dates is a violation of the law," noting that Iraqi legislation stipulates a 30-day month for calculating salaries, wages, and allowances in state institutions and the public and mixed sectors.

Al-Hilali indicated that “Parliament will discuss during the session the reasons for the salary delays and their impact on the living, social, and economic conditions of employees.” End/25

https://almaalomah-me.translate.goog/news/140330/politics/البرلمان-يستضيف-وزير-المالية-لبحث-تأخر-صرف-رواتب-أكثر-من-ملي?_x_tr_sl=ar&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=sc

Deficit Consumes Nearly Half Of Iraq's Projected 200 Trillion IQD 2027 Budget 

Daban Mohammed 

At a Glance

• Iraq faces a record 100 trillion IQD budget deficit.

• Oil covers only one-quarter of state operational expenses.

• The Kurdistan Region demands a 25 trillion IQD share.

• The Strait of Hormuz instability severely disrupted budget planning.

Iraq is on the precipice of a severe financial crisis as the federal government grapples with a record-breaking projected deficit of 100 trillion Iraqi Dinars (IQD) in the upcoming 2027 national budget.

Key Statements and Focus Areas

• The total estimated volume of the 2027 budget will reach 200 trillion IQD, with nearly half of the entire fiscal plan consisting of a deficit.

• KRG based their 25 trillion IQD demand on the latest census data and strictly reject any settlement limited solely to employee salaries.

Channel8 has learned that there is a critical mismatch in state finances: monthly oil revenues have plummeted to just 2.5 trillion IQD, while the government requires 10 trillion IQD monthly to cover its basic operational expenditures. 

Consequently, oil revenues currently cover only one-quarter of the country's public salaries and ministerial expenses, forcing Baghdad to actively pursue internal and external borrowing options to sustain state operations.

The total estimated volume of the 2027 budget is set to reach 200 trillion IQD, meaning nearly half of the entire fiscal plan will consist of a deficit. 

The federal framework allocates 150 trillion IQD toward public sector salaries and general state expenditures, while reserving 50 trillion IQD for investment and infrastructure projects.

Amid these financial strains, the Kurdistan Region is formally demanding a 14.1% share of the national budget, which equates to approximately 25 trillion IQD. 

Regional authorities have based this claim on the country's latest census data and have strictly rejected any fiscal settlement that limits their allocation exclusively to public employee salaries. 

To optimize state spending and prevent institutional financial waste, Iraq is collaborating with the World Bank to implement a comprehensive "Program and Performance Budgeting" system.

FYI

Drafting the budget blueprint has faced severe disruptions due to dropping global energy prices and acute instability surrounding the Strait of Hormuz. Because Iraq relies on oil revenues to fund 90% of its national budget, maritime security threats to its primary export corridor pose a direct risk to national stability.

To mitigate these adverse market effects, Baghdad is urgently seeking alternative oil export routes. Current strategic plans include expanding export capacities through the Syrian Port of Baniyas and finalizing an agreement to sell one million barrels of oil to Turkey.

Meanwhile, the Iraqi Parliamentary Finance Committee, chaired by MP Uday Awad Kadhim, met last week with Budget Department Director General Milad Ziad Abdul Mawla to finalize fiscal reforms for the 2027 state budget. 

The high-level meeting focused on restructuring the budget to maximize public revenues, enhance spending accuracy, and systematically reduce the state's reliance on oil. 

The Iraqi Ministry of Finance is scheduled to finalize the official budget draft by September, with plans to formally transmit the legislation to the Council of Representatives in October for parliamentary approval.

Concurrently, The Kurdistan Region's Ministry of Finance, chaired by Minister Awat Sheikh Janab, held a high-level meeting on Sunday to officially launch preparations for Iraq's 2027 federal budget.

Backed by the latest population census data, KRG is demanding a budgetary share that enables it to cover public salaries, operational costs, and critical infrastructure projects. 

The ministry plans to hold individual consultations with all government institutions in the coming days to finalize their specific financial needs and safeguard the Kurdistan Region's constitutional entitlements.    https://channel8.com/english/news/63036   

Seeds of Wisdom RV and Economics Updates Wednesday Evening 8-5-26

Good Evening Dinar Recaps,

CLARITY Act Faces Critical Test: Senate Negotiations Stall as Digital Asset Reform Nears a Turning Point

The Senate's effort to advance landmark digital asset legislation has entered a decisive phase as bipartisan negotiations continue and time before the August recess rapidly diminishes.

 Overview

• The CLARITY Act remains a top Senate priority, but unresolved bipartisan negotiations have placed this week's expected procedural vote in doubt.

• Lawmakers continue debating ethics provisions, illicit finance safeguards, and stablecoin rules, leaving the bill's path forward uncertain despite broad support for regulatory clarity.

• The outcome could shape how digital assets are regulated in the United States and influence the future modernization of global financial markets.

Key Developments

1. Senate Faces a Narrow Window

Senate Majority Leader John Thune continues to express support for bringing the CLARITY Act to the Senate floor before lawmakers leave for the August recess.

However, no cloture motion has yet been filed, meaning the procedural timeline has become increasingly compressed. Without cloture, the Senate cannot proceed to debate or a final vote.

2. Bipartisan Negotiations Remain the Primary Obstacle

While many lawmakers support establishing a regulatory framework for digital assets, key disagreements remain unresolved.

The principal issues include:

• Ethics provisions governing public officials.

• Illicit finance protections designed to combat money laundering.

• Stablecoin yield provisions that continue to divide lawmakers.

Democratic senators have indicated these issues must be resolved before sufficient support exists to advance the legislation.

3. Regulatory Certainty Remains a Priority

Supporters argue the CLARITY Act would establish long-awaited guidance defining the respective responsibilities of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).

A clearer regulatory framework could reduce uncertainty for financial institutions, technology companies, investors, and blockchain developers while encouraging responsible innovation within the United States.

4. Markets Continue Watching Washington

Although cryptocurrency prices continue responding to broader macroeconomic developments, investors are also monitoring progress on the CLARITY Act.

Regulatory certainty is widely viewed as an important factor for:

• Institutional investment

• Digital asset innovation

• Long-term market confidence

A delay would not necessarily end the legislative effort but could postpone implementation until Congress reconvenes after the August recess.

 Why It Matters

The CLARITY Act extends well beyond cryptocurrency. It represents one of the most significant efforts by Congress to establish a comprehensive legal framework for digital financial assets within the U.S. financial system.

As governments around the world continue developing policies for blockchain technology, digital payments, and tokenized financial assets, the United States faces increasing pressure to provide regulatory certainty while maintaining financial stability and market integrity.

Why It Matters to Foreign Currency Holders

• Regulatory clarity can strengthen confidence in U.S. financial markets.

• Institutional adoption of digital assets may influence future capital flows.

• Clear market rules could support broader investment participation.

• Global financial innovation increasingly intersects with traditional currency and payment systems.

Implications for the Global Reset

• Pillar: Assets

The CLARITY Act seeks to define how digital assets fit within the existing financial system. Clear regulations could encourage broader institutional participation while providing investors with greater legal certainty and improving overall market confidence.

• Pillar: Technology

Blockchain technology continues moving from emerging innovation toward mainstream financial infrastructure. Establishing a regulatory framework supports the responsible integration of digital assets into banking, investment, and payment systems while promoting long-term financial modernization.

Conclusion

The coming days will determine whether lawmakers can overcome the remaining procedural and policy differences needed to move the CLARITY Act forward.

While negotiations continue, the broader objective remains unchanged: creating a regulatory framework that balances innovation, consumer protection, and financial stability.

This is not simply about cryptocurrency regulation—it reflects the broader modernization of financial markets as governments work to establish the legal framework for integrating digital assets into the global financial system.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• CoinGape — "Breaking: CLARITY Act Senate Vote This Week Could Fail As Democrats Remain Hostile"

• Investor's Business Daily — "Senate Pushes Toward CLARITY Act Vote Before August Recess"

~~~~~~~~~~

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The Fuse is Lit: Shock US Decision for Full Fiat Destruction

The Fuse is Lit: Shock US Decision for Full Fiat Destruction

Daniela Cambone:  8-4-2026

"This isn't just about the yen—it's about the beginning of a fiat currency crisis." — Gareth Soloway

In a recent episode of The Daniela Cambone Show via ITM Trading, market strategist Gareth Soloway joined Daniela Cambone to dissect the moving parts of the global financial engine. From the unprecedented currency maneuvers between the US and Japan to the long-term trajectories for precious metals and digital assets, Soloway provides a masterclass in technical analysis blended with macroeconomic reality.

One of the most striking developments discussed in the interview is the coordinated intervention involving the US and Japan to stabilize the Japanese Yen.

Soloway highlights a peculiar detail that many missed: the strategic use of the Euro, rather than the US Dollar, in this intervention. According to Soloway, this tactical choice underscores a growing concern among global central banks regarding the stability of fiat currencies.

By utilizing the Euro, authorities can attempt to manage currency values without directly signaling a crisis in the Dollar, yet the underlying message remains clear—the “fiat domino effect” is a looming risk. As global debt levels climb, the stability of traditional currencies becomes more fragile, necessitating these high-stakes interventions.

For those focused on wealth preservation, Soloway’s outlook on gold remains decidedly bullish, though he cautions that the path is not a straight line. While short-term fluctuations are expected, his technical analysis points toward a massive structural surge in gold prices, peaking between 2029 and 2031.

This forecast is rooted in the belief that the current cycle of debt expansion and currency devaluation will eventually lead to a “flight to quality.” Gold, as the ultimate historical store of value, stands to benefit most as investors seek alternatives to a weakening fiat system.

In contrast to gold’s clear upward trajectory, Soloway offers a more nuanced view of silver. While silver often moves in tandem with gold, it faces unique challenges due to its dual identity as both a monetary metal and an industrial commodity. Soloway notes that silver continues to face significant technical resistance levels.

Furthermore, economic headwinds—such as a potential slowdown in global manufacturing—could dampen silver’s recovery. While it remains an essential asset to watch, Soloway suggests that silver’s path to new highs may be more turbulent than gold’s due to these broader economic sensitivities.

The conversation transitioned into the digital realm, where Bitcoin continues to be a point of intense speculation. Soloway observes that while Bitcoin shows signs of near-term bullishness, it is not yet out of the woods. He points to a critical risk factor: the high level of leverage among institutional holders. We are currently in a multi-year price drawdown cycle, a phase that historically involves significant volatility before a true bottom is established.

Soloway suggests there may be further downside before a long-term accumulation phase begins, urging crypto investors to remain disciplined and wary of the risks associated with excessive leverage in the market.

The overarching theme of Gareth Soloway’s analysis is one of caution and preparation. We are living through an era of rising global debt and increasing currency instability, factors that traditionally favor “hard assets.”

Whether it is the strategic intervention in the Yen or the cyclical movements of Bitcoin, the common denominator is a search for stability in an unstable system. For investors, the takeaway is clear: understanding the technical levels is important, but understanding the macroeconomic “why” is essential for long-term success.

Chapters:

00:00 - Intro

01:47 - US-Japan Yen Intervention Explained

05:14 - Gold Outlook & Long-Term Price Target

07:12 - Silver Technical Analysis & Key Levels

08:19 - Bitcoin Price Outlook & Strategy Risks

09:44 - Bitcoin Sentiment & Institutional Adoption

11:38 - Why the Yen Intervention Matters Long Term 12:49 - Final Thoughts

https://www.youtube.com/watch?v=8TuzfQxz4CY

Seeds of Wisdom RV and Economics Updates Wednesday Afternoon 8-5-26

Good Afternoon Dinar Recaps,

Hormuz Diplomacy Continues: Markets Bet on Lower Energy Prices While Key Risks Remain

Ongoing U.S.–Iran diplomatic efforts are easing pressure on global energy markets, but unresolved security and nuclear issues continue to leave investors watching for the next major development.

Overview

Diplomatic discussions between the United States and Iran continue, raising cautious optimism that further progress could reduce tensions surrounding the Strait of Hormuz, one of the world's most important energy corridors. Although no final agreement has been announced, recent statements from U.S. officials have encouraged financial markets.

Investors responded by pushing oil prices lower, while global equity markets strengthened as traders priced in a reduced risk of major supply disruptions. Lower energy prices also helped reinforce expectations that inflation could continue moderating in the months ahead.

At the same time, significant issues remain unresolved, including Iran's nuclear program, regional security concerns, and the long-term framework for any future agreement. Markets are treating the negotiations as a positive development—but not yet a permanent solution.

If diplomacy continues to advance, the benefits could extend far beyond the Middle East by improving global trade, lowering transportation costs, and reducing inflationary pressures across many economies.

Key Developments

1. Diplomatic Talks Continue

Senior U.S. officials indicated that negotiations with Iran remain active, with both sides continuing discussions aimed at reducing regional tensions.

• Markets are closely monitoring any announcement of a formal agreement.

• Diplomatic progress has improved investor confidence, even without a finalized deal.

2. Oil Markets Respond Favorably

Crude oil prices eased as traders reduced the geopolitical risk premium that had built into energy markets during recent military tensions.

• Lower oil prices help reduce fuel and transportation costs.

• Energy markets remain sensitive to any setback in negotiations.

3. Strait of Hormuz Remains Critical

The Strait of Hormuz continues to serve as one of the world's most important energy chokepoints, carrying a substantial share of global crude oil exports.

• Safe navigation remains essential for global energy security.

• Shipping companies continue monitoring regional military activity.

4. Inflation Outlook Improves

Declining energy prices have strengthened expectations that inflation pressures may continue easing.

• Lower energy costs reduce expenses throughout the economy.

• Central banks may gain greater flexibility if inflation continues to moderate.

5. Financial Markets Look Beyond the Headlines

While equity markets have welcomed the diplomatic progress, investors recognize that negotiations remain ongoing.

• Treasury yields have eased as inflation expectations softened.

• Markets continue balancing optimism with caution until concrete agreements are finalized.

Why It Matters

Energy prices influence nearly every sector of the global economy. When oil prices fall, businesses often experience lower operating costs while consumers benefit from reduced fuel and transportation expenses.

For central banks, lower inflation pressure can reduce the need for tighter monetary policy, helping stabilize borrowing costs, government debt financing, and financial markets.

Although diplomacy has improved market sentiment, lasting stability will depend on whether negotiations produce durable agreements rather than temporary pauses in tensions.

Why It Matters to Foreign Currency Holders

• Lower energy costs can strengthen confidence in global financial markets.

• Reduced inflation may support greater stability in exchange rates.

• Improved trade flows can enhance international capital movement.

• Central bank policy decisions remain an important factor influencing currency valuations.

Implications for the Global Reset

• Pillar: Energy

Progress in diplomatic negotiations could improve stability in one of the world's most important energy corridors. More reliable energy supplies help reduce inflation risks and strengthen global economic confidence.

• Pillar: Trade

Safer shipping through the Strait of Hormuz supports global commerce by lowering transportation costs and reducing supply chain uncertainty. Stable trade routes remain essential for international economic growth.

Conclusion

Markets are increasingly betting that diplomacy can reduce geopolitical risk and stabilize global energy supplies, but important challenges remain unresolved.

The current market response reflects optimism that negotiations will continue moving in a constructive direction while recognizing that setbacks remain possible.

This is not simply about diplomacy—it reflects how energy security, global trade, and financial stability remain deeply interconnected as governments work to reduce geopolitical risk and strengthen the foundations of the global financial system.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Reuters — "Global Markets Rise as Investors Watch U.S.–Iran Diplomacy and Energy Prices"
  ‍ ‍Reuters — "Oil Prices Ease as Markets Monitor Middle East Developments"

~~~~~~~~~~

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Iraq Economic News and Points To Ponder Wednesday Morning 8-5-26

Iraq's Issued Currency Hits $86.3B In May

2026-08-04  Shafaq News- Baghdad   Iraq's issued currency rose to 113.560 trillion dinars ($86.3B) at the end of May 2026, up from 112.896 trillion dinars ($85.8B) a month earlier, as cash circulating outside the banking system continued to increase, according to official data released by the Central Bank of Iraq (CBI).

Compared with the end of 2025, issued currency increased to 99.799 trillion dinars ($75.8B). Net currency circulating outside banks climbed to 106.812 trillion dinars ($81.2B) at the end of May, up from 104.542 trillion dinars ($79.5B) a month earlier and 92.560 trillion dinars ($70.3B) at the close of last year.

Cash held by banks fell to 6.748 trillion dinars ($5.1B) from 8.354 trillion dinars ($6.3B) at the end of April and 7.239 trillion dinars ($5.5B) at the close of 2025.

Economic expert Mohammed Al-Hassani told Shafaq News that the increase in issued currency indicates the CBI injected additional liquidity into the economy. The continued concentration of cash outside banks, coupled with declining bank holdings, reflects the persistent preference of individuals and businesses to hold money outside the banking system, limiting banks' capacity to expand lending and support broader economic activity, he added.

https://www.shafaq.com/en/Economy/Iraq-s-issued-currency-hits-86-3B-in-May

Exclusive: Iraq’s Currency In Circulation Surges Past $86B

2026-08-04 Shafaq News- Baghdad  Iraq’s currency in circulation reached 113.560 trillion dinars ($86.3B) in May 2026, adding 13.761 trillion dinars ($10.6B), or 13.8%, from the end of 2025, according to a review by Shafaq News on Tuesday.

Currency in circulation rose steadily during the first five months of 2026, starting at 99.799 trillion dinars ($76.8B) in December 2025 before reaching 101.431 trillion dinars ($78.1B) in January. The figure then climbed to 104.614 trillion dinars ($80.5B) in February, 108.985 trillion dinars ($83.8B) in March, 112.896 trillion dinars ($85.8B) in April, and 113.560 trillion dinars ($86.3B) in May.

The largest monthly change came in March, when currency in circulation expanded by around 4.371 trillion dinars ($3.4B). The amount recorded another gain of 3.911 trillion dinars ($3.0B) in April before slowing in May, with an increase of about 664 billion dinars ($511M).

The rise coincided with pressure on Iraq’s public finances, including a gap between government revenues and spending, disruptions in oil revenue flows, and delays in salary payments for some state institutions.

Mahmoud Dagher, a financial and banking expert who previously served as a director general at the Central Bank of Iraq (CBI), described currency in circulation as a normal CBI operation but noted that it had become the only available short-term measure to provide liquidity during the current period.

Warning that the policy could contribute to inflationary pressure and place additional strain on foreign currency reserves, he stressed that Baghdad had limited alternatives and was forced to rely on the measure as the lesser of two risks.

“Iraq did not have access to external financial support or a sovereign wealth fund that could provide additional resources,” Dagher added, pointing to limited alternative oil export channels.

Earlier today, the CBI reported that Iraq’s currency in circulation stood at 113.560 trillion dinars ($86.3B) at the end of May 2026, compared with 112.896 trillion dinars ($85.8B) a month earlier, as currency circulating outside the banking system continued to expand.

https://www.shafaq.com/en/Economy/Exclusive-Iraq-s-currency-in-circulation-surges-past-86B

Oil Slides Further On Iran Diplomacy Hopes

2026-08-05 Shafaq News   Oil extended declines on Wednesday after steep falls in the previous two trading sessions, as investors waited ​to see if efforts to end the Iran war and restore traffic through ‌the blockaded Strait of Hormuz were making progress.

Brent crude futures dropped 92 cents, or about 1.2%, to $78.44 a barrel by 0330 GMT. They have tumbled more than 12% for the week thus far.

U.S. West Texas ​Intermediate futures lost $1.07, or 1.4%, to stand at $74.70 a barrel and are down ​more than 11% this week.

Qatar said on Tuesday mediators were making progress in ⁠efforts to end the war, driving oil prices lower, although Tehran has denied U.S. President ​Donald Trump's assertion that talks are underway. Brent closed more than 5% lower on Tuesday below $80 ​a barrel for the first time since July 13.

"While the immediate geopolitical premium has unwound, the broader supply picture warrants caution," said Priyanka Sachdeva, head of market insights at Phillip Nova.

"If diplomatic efforts fail and physical ​supply is ultimately affected, the current pullback could prove short-lived, with tighter inventories amplifying ​the impact of any future supply shock," Sachdeva added.

Prior to the beginning of the war, some 20% of ‌the ⁠world's oil and liquefied natural gas transited through the strait, and in March alone prices rose 50%.

"The main sticking point appears to be whether Iran will continue to insist on a degree of control over the waterway, and whether the U.S. will stand its ground and ​refuse that outcome," analysts ​from IG said ⁠in a note.

Trump and Qatar's Emir Sheikh Tamim bin Hamad Al Thani discussed efforts to narrow differences between Washington and Tehran and improve ​the prospects for a lasting settlement during a phone call on ​Tuesday, Qatar's Emiri ⁠office said.

U.S. crude and gasoline inventories rose while distillate stocks fell last week, market sources said on Tuesday, citing data from the American Petroleum Institute.

Crude stocks rose by about 2.7 million barrels ⁠in the ​week ended July 31, the sources said on condition ​of anonymity.

Official numbers from the U.S. Energy Information Administration are due at 10:30 a.m. ET (1430 GMT) on Wednesday.  (REUTERS)

https://www.shafaq.com/en/Economy/Oil-slides-further-on-Iran-diplomacy-hopes

Basrah Crudes Rise Despite Benchmark Losses

2026-08-05 Shafaq News- Basrah   Iraq’s Basrah crude climbed about 3% on Wednesday, amid losses in benchmark crude futures.

Basrah Heavy crude rose by $1.57, or 3.03%, to $53.33 per barrel, while Basrah Medium crude gained $1.57, or 2.90%, to settle at $55.63 per barrel.

Brent crude futures fell by 92 cents, or about 1.2%, to $78.44 a barrel, while US West Texas Intermediate futures lost $1.07, or 1.4%, to $74.70 a barrel.

OPEC's basket held steady at $79.50 per barrel, while Saudi Arabia's Arab Light crude rose to $74.45 per barrel.

https://www.shafaq.com/en/Economy/Basrah-crudes-rise-despite-benchmark-losses

Iraq Ships 7K+ Tons Of Cement To Syria Monthly

2026-08-05 Shafaq News- Baghdad/ Damascus   Iraq's state-run Al-Qaim Cement Plant has reached its full design capacity of 840,000 metric tons annually, enabling it to meet domestic demand while exporting around 7,500 metric tons of sulfate-resistant cement to Syria each month.

The General Company for Iraqi Cement, part of the Ministry of Industry and Minerals, said the facility produces about 70,000 metric tons monthly, supplying Al-Anbar and other Iraqi provinces. It added that the plant operates around the clock to strengthen Iraq's self-sufficiency and expand the country's cement exports.

Iraq launched its first cement exports to Syria through the Al-Waleed border crossing in May. At the time, Musheer al-Ramah, head of the media office for Syria's border crossings and customs authority, said the shipments were expected to increase local supply, stabilize prices, and support Syria's construction sector and related industries.

A senior economic adviser at Syria's Ministry of Economy previously told Shafaq News that Baghdad and Damascus aim to double bilateral trade within the next two years, with commercial exchange expected to surpass pre-war levels before the end of 2027.

https://www.shafaq.com/en/Economy/Iraq-ships-7K-tons-of-cement-to-Syria-monthly

Small Tanker Fleet Costs Iraq Millions In Shipping Revenue

2026-08-05 Shafaq News- Baghdad   Iraq’s limited oil tanker fleet is forcing the country to depend on foreign vessels to transport most of its crude exports, leaving Baghdad unable to secure additional revenues from shipping and insurance services, oil sector officials told Shafaq News on Wednesday.

The country operates only a small number of tankers through the state-run Iraqi Oil Tanker Company, including the large vessels Akad and Baghdad, along with Tigris and Euphrates. However, those vessels are insufficient to handle the millions of barrels of crude Iraq sends to global markets each day.

Officials, who spoke on condition of anonymity, noted that the use of foreign carriers also reduces the additional value generated from oil exports compared with some Gulf producers that have developed extensive maritime networks alongside their energy industries.

Iraq’s current situation stems from decades of disruption that weakened its maritime capabilities. The country previously maintained a larger fleet, but wars and international sanctions contributed to the decline of its tanker operations and forced many vessels out of service.

“Rebuilding a modern national tanker fleet could improve the security of Iraq’s exports, reduce dependence on foreign shipping companies and create new sources of revenue for the state,” the officials added.

According to the mechanisms used by Iraq’s state-run Oil Marketing Company (SOMO), most crude sales are conducted under the Free on Board (FOB) system, meaning its responsibility ends once the oil is loaded onto vessels at export terminals. After that stage, buyers cover transportation costs, insurance and the risks associated with moving the cargo.

Oil remains the backbone of Iraq’s economy, with crude shipments exceeding 3 million barrels per day (bpd) and income from petroleum sales accounting for more than 84% of government revenues.

Read more: Iraq’s oil bottleneck: Abundance trapped by dependency 

https://www.shafaq.com/en/Economy/Small-tanker-fleet-costs-Iraq-millions-in-shipping-revenue